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    Intelligence Feed event · Commodity · 2026-11-07

    Northern Oil and Gas beats Q3 revenue and EPS on strong volumes

    Question

    Northern Oil and Gas beats Q3 revenue and EPS on strong volumes

    Direct answer

    Northern Oil and Gas posted a wide beat on both top and bottom lines for the third quarter of 2026. Revenue grew 44.7% year-over-year to $697.69 million, topping consensus estimates by 20%. Diluted EPS came in at $1.32 against the consensus expectation of $0.92. The beat was driven by strong operational results across non-operated acreage, with output and realized price metrics across crude and natural gas coming in ahead of Wall Street projections.

    Original publisher
    Market Ontology
    Evidence through
    2026-11-07
    Published
    2026-11-07
    Revision
    1 · 2026-11-08

    Cite as: Market Ontology, “Northern Oil and Gas beats Q3 revenue and EPS on strong volumes”, revision 1, evidence through 2026-11-07. https://marketontology.com/market-events/2026-11-07/northern-oil-and-gas-beats-q3-revenue-and-eps-on-strong-volumes-362609

    COMMODITY
    Northern Oil and Gas beats Q3 revenue and EPS on strong volumes
    Northern Oil and Gas posted a wide beat on both top and bottom lines for the third quarter of 2026. Revenue grew 44.7% year-over-year to $697.69 million, topping consensus estimates by 20%. Diluted EPS came in at $1.32 against the consensus expectation of $0.92. The beat was driven by strong operational results across non-operated acreage, with output and realized price metrics across crude and natural gas coming in ahead of Wall Street projections.
    NOGSPY
    Impact
    71
    YESTERDAY
    SIG
    85%
    NOGSPY
    Northern Oil and Gas beats Q3 revenue and EPS on strong volumes
    Northern Oil and Gas posted a wide beat on both top and bottom lines for the third quarter of 2026. Revenue grew 44.7% year-over-year to $697.69 million, topping consensus estimates by 20%. Diluted EPS came in at $1.32 against the consensus expectation of $0.92. The beat was driven by strong operational results across non-operated acreage, with output and realized price metrics across crude and natural gas coming in ahead of Wall Street projections.
    → Upstream production volume beats and favorable realized pricing flow directly into NOG operating cash flow, accelerating balance sheet de-leveraging.
    Impact
    Northern Oil and Gas posted a wide beat on both top and bottom lines for the third quarter of 2026. Revenue grew 44.7% year-over-year to $697.69 million, topping consensus estimates by 20%. Diluted EPS came in at $1.32 against the consensus expectation of $0.92. The beat was driven by strong operational results across non-operated acreage, with output and realized price metrics across crude and natural gas coming in ahead of Wall Street projections.
    Affected
    NOGSPY
    Transmission
    Upstream production volume beats and favorable realized pricing flow directly into NOG operating cash flow, accelerating balance sheet de-leveraging.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    NOGoperating cash flow expansion from realized commodity price outperformanceUp1-5dQ3 revenue reached $697.69 million versus $581.35 million consensus, with EPS beating by 43.48%.
    SPYenergy sector earnings contribution to headline index EPSUp1-5dNOG demonstrates robust cash generation within upstream E&P.

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    SPYUp766.81 2026-11-04PendingPendingPending

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

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