Northern Oil and Gas Inc.

ASE:NOG   3:59:54 PM EDT
25.40
+0.45 (+1.80%)
Earnings Announcements, Mergers / Acquisitions

Northern Oil and Gas Inc Announces Williston Basin Bolt-On Acquisition

Published: 10/07/2021 10:41 GMT
Northern Oil and Gas Inc. (NOG) - Northern Oil and Gas, Inc. Announces Williston Basin Bolt-on Acquisition.
Northern Oil and Gas Inc - Deal for Purchase Price of $154 Million in Cash.
Northern Oil and Gas - Expects to Fund Acquisition With Cash on Hand, Operating Free Cash Flow and Borrowings Under Northern's Revolving Credit Facility.
Northern Oil and Gas Inc - Expects a Significant Increase to Its Borrowing Base From Both Acquired and Existing Assets.
Northern Oil and Gas Inc - Will Begin Process to Expand Its Elected Commitment During Its Regularly Scheduled Fall Borrowing Base Redetermination.
Northern Oil and Gas Inc - Expects Average Production of More Than 4,100 Boe per Day in 2022 (2-stream, About 65% Oil).
Northern Oil and Gas Inc - Management Plans to Submit a Request to Board of Directors for a 33.3% Increase to Common Stock Dividend for Q4 of 2021.
Northern Oil and Gas Inc - Reiterates Current 2021 Capital Budget of $215 - 260 Million.
Revenue is expected to be $200.74 Million
Adjusted EPS is expected to be $0.89

Next Quarter Revenue Guidance is expected to be $228.77 Million
Next Quarter EPS Guidance is expected to be $1.22

More details on our Analysts Page.