Northern Oil And Gas Announces 3Q19 Results -- November 12, 2019

Press release here. Third quarter production increased 53% over the prior year, and 17% sequentially, averaging 40,786 barrels of oil equivalent (“Boe”) per day.

• Cash flow from operations, excluding a $32.5 million net decrease from changes in working capital and other items, was $103.5 million for the third quarter, an 11% increase versus the second quarter.
• Organic drilling and development capital expenditures totaled $80.1 million during the third quarter.
• Northern closed the VEN Bakken acquisition and also added another 13.3 net wells to production during the third quarter, which helped offset the curtailments, shut-ins and completion delays that negatively impacted production by an estimated 4,500 Boe per day during the quarter.
• Ground Game success continued in the third quarter, with $9.9 million of acquisition capital and an additional $23.0 million of associated development capital allocated to drive cash flow for shareholder returns in 2020. 

NOG: forecast here; forecast 11 cents; SeekingAlpha;

• pre-market trading: NOG down 2.4%; down 5 cents
• actual: 12 cents; beat by a penny
• revenue: $150 million
• revenue: missed by $2.70 million

Market: all major indices up in pre-market trading, albeit not by much.

• AAPL: up slightly

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Flashback from 2013. One of those sweet human interest stories of which we see so few. Link here.