NORTHERN OIL & GAS, INC. (NOG) Form 8-K — Oct 13, 2026
Northern Oil and Gas issued a preliminary Q3 2026 operational update on October 12, 2026, reporting a clean operational quarter with all basins meeting internal expectations and capex of $250.0-$253.0 million. The negative headline is hedging: NOG expects unrealized mark-to-market losses of $300.0-$320.0 million on derivatives, plus realized hedge losses of $51.0-$52.0 million, driven by crude oil hedges as prices rallied. On the positive side, NOG closed 19 ground game deals adding ~1,060 net acres and 2.8 net wells for ~$56.5 million, repurchased 667,989 shares for $16.0 million, and its Board increased the buyback authorization by $150.0 million, leaving ~$227.2 million of capacity.
Key figures
- Capex
- capex
- Ground Game Deals
- 19
- Ground Game Spend
- $56.5 million
- Net Acres Acquired
- 1060
- Net Wells Acquired
- 2.8
- Quarterly Dividend
- $0.45 per share payable October 30, 2026
- Shares Repurchased
- 667989
- Buyback Average Price
- $23.96 per share
- Realized Hedge Losses
- $51.0-$52.0 million
- Unrealized Mt MLosses
- $300.0-$320.0 million
- Oil Basin Capital Share
- ~85% (Permian, Williston, Uinta)
- Remaining Repurchase Capacity
- ~$227.2 million
- Buyback Authorization Increase
- $150.0 million
AI analysis
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