Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance
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Northern Oil And Gas (NOG) Tops Q4 EPS by 11c, Revenues Beat
March 12, 2019 6:33 AM EDTNorthern Oil And Gas (NYSE: NOG) reported Q4 EPS of $0.25, $0.11 better than the analyst estimate of $0.14. Revenue for the quarter came in at $443.2 million versus the consensus estimate of $159.39 million.
Production increased 117% over the prior year and 36% over the prior quarter, averaging a record of 36,258 barrels of oil equivalent (Boe) per day.Lease operating expenses and general and administrative expenses were each down 26% per Boe from the prior year.Cash flow from... More