NOG Provides Third Quarter Operational Update
NOG reported a clean operational third quarter with all basins meeting internal expectations and 19 ground game deals closed, adding about 1,060 net acres and 2.8 net wells for roughly $56.5 million. Q3 capital expenditures are expected at $250.0-$253.0 million, with 2026 guidance reiterated but spend tracking toward the higher end; the company expects large unrealized mark-to-market derivative losses of $300.0-$320.0 million plus $51.0-$52.0 million in realized hedge losses.
Key figures
- Guidance
- 2026 capital expenditure guidance reiterated; spend expected toward the higher end of the range; Q3 capex $250.0-$253.0M, Q4 expected to trend lower
- Buyback value usd
- $16.0 million
- Ground game deals
- 19
- Net acres acquired
- 1060
- Net wells acquired
- 2.8
- Q3 capex range usd
- $250.0-$253.0 million
- Shares repurchased
- 667989
- Avg buyback price usd
- 23.96
- Quarterly dividend usd
- 0.45
- Realized hedge losses usd
- $51.0-$52.0 million
- Remaining buyback capacity usd
- $227.2 million
- Unrealized mtm hedge losses usd
- $300.0-$320.0 million
- Buyback authorization increase usd
- $150.0 million
- Acquisition and development capital usd
- $56.5 million
AI analysis
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