Northern Oil & Gas posts record Q3 production and lifts 2026 output guidance
Northern Oil & Gas reported third‑quarter 2026 production of 156,239 barrels of oil equivalent per day, a 19% year‑over‑year increase. Adjusted EBITDA rose to $444.5 million and adjusted net income to $142.2 million, while GAAP net loss was $111.8 million. The company retired more than $100 million of debt, issued $500 million of 7.5% senior notes, repurchased 667,989 shares at an average $23.96, and raised its full‑year production guidance to 147,000‑150,000 Boe/d.
Why it matters
The company says the higher guidance reflects stronger asset performance and will drive future revenue growth. Debt reduction to below 1.5 × adjusted EBITDA improves leverage ahead of year‑end targets. Ongoing share buybacks and a $0.45 per share dividend signal ample cash generation for shareholders.
Key facts
- 1Third‑quarter 2026 production averaged 156,239 Boe per day, up 19% YoY. sec.gov
- 2Adjusted EBITDA for the quarter was $444.5 million. sec.gov
- 3Adjusted Net Income was $142.2 million. sec.gov
- 4GAAP net loss was $111.8 million, or $1.06 per diluted share. sec.gov
- 5Cash flow from operations was $397.7 million. sec.gov
- 6Free cash flow was $148.6 million, up 25.0% from the third quarter of 2025. sec.gov
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.