Northern Oil and Gas reports Q4 adjusted EPS $1.61, consensus $1.65

Reports Q4 revenue $793.52M, oil and gas sales $543.4M, consensus $556.17M. Reports Q4 production of 114,363 Boe per day, a 45% increase from the fourth quarter of the prior year. “NOG closed out 2023 in record fashionOur oil and total volumes grew to all-time highs and we generated record cash flow from operations, while we saw our leverage levels decline meaningfully year over year, even in a year of lower commodity prices. As we look out to 2024, our plan delivers standout 20% production growth and significant cash generation that will provide flexibility to further enhance returns. We have great options to deliver additional shareholder returns, growth and other value enhancing measures, all with the goal of delivering another year of superior relative and absolute return,” said Nick O’Grady, NOG’s Chief Executive Officer.