- Northern Oil & Gas press release ( NYSE: NOG ): Q3 Non-GAAP EPS of $1.80 beats by $0.05 .
- Revenue of $791.64M (+502.0% Y/Y) beats by $374.37M .
- Record quarterly production of 79,123 Boe per day (57% oil), an increase of 37% from the third quarter of 2021
- Third quarter GAAP cash flow from operations of $276.8 million. Excluding changes in net working capital, cash flow from operations was $269.3 million, an increase of 7% sequentially from the second quarter of 2022
- Capital expenditures of $154.5 million during the third quarter (excluding non-budgeted acquisitions) were higher because of accelerated activity and strong Ground Game execution
- Free Cash Flow of $110.6 million during the third quarter, an increase of 99% from the third quarter of 2021.
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Northern Oil & Gas Non-GAAP EPS of $1.80 beats by $0.05, revenue of $791.64M beats by $374.37M