- Northern Oil & Gas press release ( NYSE: NOG ): Q2 GAAP EPS of $2.74 beats by $1.20 .
- Revenue of $549.64M (+143.5% Y/Y) beats by $161.44M .
- Record quarterly production of 72,689 Boe per day (57% oil), an increase of 33% from the second quarter of 2021.
- Free Cash Flow of $114.3 million during the second quarter, an increase of 147% from the second quarter of 2021.
- Announced $170 million core Williston Basin acquisition in June 2022, which is scheduled to close in mid-August 2022
- Reiterates 2022 production and capital expenditure guidance and adjusts operating cost and pricing differential guidance.
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Northern Oil & Gas GAAP EPS of $2.74 beats by $1.20, revenue of $549.64M beats by $161.44M