NYSE$NOG
Northern Oil and Gas Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record quarterly production and Adjusted EBITDA, increased shareholder returns, and decreased leverage ratios.
Northern Oil and Gas, Inc. announced strong second quarter results with record Adjusted EBITDA, growing production, accelerated shareholder returns, and declining leverage ratios. The company reported a GAAP net income of $251.3 million, production of 72,689 Boe per day, and Adjusted EBITDA of $272.5 million.
- Record quarterly production of 72,689 Boe per day (57% oil), an increase of 33% from the second quarter of 2021
- GAAP cash flow from operations of $210.2 million. Excluding changes in net working capital, cash flow from operations was $252.2 million, an increase of 7% sequentially from the first quarter of 2022
- Total capital expenditures of $131.8 million during the second quarter, driven by accelerated activity and strong Ground Game execution
- Free Cash Flow of $114.3 million during the second quarter, an increase of 147% from the second quarter of 2021.
Headline financials
Revenue & EPS history
Northern Oil and Gas · Revenue · Quarterly
$441M
Revenue by segment
Northern Oil and Gas · $130M total across 1 segment · Q1 2020
- Oil and Gas Sales$130M—100.0%
Forward guidance
NOG reiterated its 2022 production and capital expenditure guidance while adjusting operating cost and pricing differential guidance.
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 Q2 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% | — | — |
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