NYSE$NOG
Northern Oil and Gas Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced record first quarter production and updated guidance.
Northern Oil and Gas announced record first quarter results driven by accretive acquisitions of high quality properties. The company achieved record Adjusted EBITDA, Free Cash Flow, and production. Management plans to recommend to the Board of Directors a $0.25 per share dividend for the third quarter of 2022.
- Record first quarter production of 71,255 Boe per day (60% oil), up 85% from the first quarter of 2021
- First quarter GAAP cash flow from operations of $154.0 million. Excluding changes in net working capital, cash flow from operations was $235.0 million, up 49% sequentially from the fourth quarter of 2021
- Total capital expenditures of $85.6 million during the first quarter, excluding closing of previously-announced Veritas acquisition on January 27, 2022
- Record Free Cash Flow of $146.0 million during the first quarter, up 106% sequentially from the fourth quarter of 2021
Headline financials
Revenue & EPS history
Northern Oil and Gas · Revenue · Quarterly
-$32.9M
Revenue by segment
Northern Oil and Gas · $130M total across 1 segment · Q1 2020
- Oil and Gas Sales$130M—100.0%
Forward guidance
NOG updated its 2022 full year guidance including increased annual production and improved oil pricing differentials.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+2.9%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+7.1%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+34.4%
Q2 2010
Best reaction
-16.6%
Q3 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -2.8% | -21.1% | |
| Q4 2025 | -0.6% | +6.1% | +16.4% | |
| Q3 2025 | +5.6% | +7.6% | +21.3% | |
| Q1 2025 | -1.9% | -1.9% | +7.4% | |
| Q4 2024 | -0.1% | -9.1% | -14.9% | |
| Q3 2024 | +13.4% | +13.0% | +14.6% | |
| Q2 2024 | +7.4% | -4.1% | +0.2% | |
| Q1 2024 | -8.9% | -7.6% | -8.0% | |
| Q4 2023 | -0.9% | +1.7% | +10.5% | |
| Q3 2023 | +0.9% | -1.9% | -1.1% | |
| Q2 2023 | +5.6% | +6.2% | +9.2% | |
| Q1 2023 | +2.7% | +0.7% | +1.3% | |
| Q4 2022 | +5.1% | +1.5% | -7.3% | |
| Q3 2022 | -3.2% | +5.2% | -11.5% | |
| Q2 2022 | -12.2% | -7.2% | +7.7% | |
| Q1 2022 | +4.6% | -6.4% | +20.8% | |
| Q4 2021 | +2.8% | +9.5% | +28.2% | |
| Q3 2021 | +3.4% | -0.8% | -20.9% | |
| Q2 2021 | +8.2% | +9.3% | +9.9% | |
| Q1 2021 | +4.1% | +4.8% | +23.7% | |
| Q4 2020 | -2.8% | -2.1% | -12.4% | |
| Q3 2020 | +19.7% | +27.7% | +124.6% | |
| Q2 2020 | -4.4% | -5.8% | -29.1% | |
| Q1 2020 | +13.8% | +14.5% | +48.7% | |
| Q4 2019 | -1.2% | -18.8% | -12.5% | |
| Q3 2019 | -1.9% | -3.4% | -8.2% | |
| Q2 2019 | -7.4% | +0.0% | +13.6% | |
| Q1 2019 | -1.3% | -4.8% | -12.2% | |
| Q4 2018 | +11.3% | +8.1% | +17.6% | |
| Q3 2018 | -3.5% | -16.5% | -23.5% | |
| Q2 2018 | -2.4% | -17.5% | -7.6% | |
| Q1 2018 | +14.9% | +28.6% | +42.9% | |
| Q4 2017 | +7.3% | +9.9% | -7.3% | |
| Q3 2017 | -7.7% | -9.2% | +24.6% | |
| Q2 2017 | -5.0% | +1.0% | -21.0% | |
| Q1 2017 | +5.1% | +0.0% | -12.8% | |
| Q4 2016 | +1.7% | -5.0% | -13.3% | |
| Q3 2016 | +8.6% | +2.9% | +85.7% | |
| Q2 2016 | +6.6% | +11.3% | -6.9% | |
| Q1 2016 | -4.8% | — | — | |
| Q4 2015 | +31.8% | — | — | |
| Q3 2015 | +8.0% | — | — | |
| Q2 2015 | +6.1% | — | — | |
| Q1 2015 | -10.8% | — | — | |
| Q4 2014 | +1.7% | — | — | |
| Q3 2014 | +7.5% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | -6.3% | — | — | |
| Q4 2013 | -11.5% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2012 | -3.5% | — | — | |
| Q2 2012 | +1.6% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q4 2009 | -2.6% | — | — | |
| Q4 2011 | -2.6% | — | — | |
| Q3 2011 | -16.6% | — | — | |
| Q3 2010 | -16.6% | — | — | |
| Q2 2011 | +34.4% | — | — | |
| Q4 2010 | +34.4% | — | — | |
| Q2 2010 | +34.4% | — | — | |
| Q1 2010 | +5.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro