Sneak peek: analysts forecast 22 cents/share.
Actual 46 cents.
Yup.
Press release: Northern Oil and Gas, Inc. today announced record third quarter oil and gas sales of approximately $43.7 million. For the three months ended September 30, 2011, Northern Oil had net income of $28.6 million, or $0.46 per fully diluted share. Excluding the effect of unrealized mark-to-market gains from oil hedges, Northern Oil had net income of $11.9 million, representing $0.19 per fully diluted share. The increase in net income, excluding the effect of unrealized mark-to-market gains from oil hedges represents a 141% increase from the third quarter of 2010 and a 54% increase from the second quarter of 2011.
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