Wednesday, August 3, 2022

NOG -- 2Q22 Earnings

Press release.

  • record quarterly production: 72,689 boepd
  • cash flow from operations: $210.2 million
  • cash flow from operations, excluding charges: $252.2 million
  • free cash flow: $114.3 million
  • announced a $170 million core Williston Basin acquisition in June, 2022, scheduled to close, August, 2022
  • declared a 25-cent quarterly dividend, an increase of 32% from the previous quarter
  • repurchased $12.8 million common shares in the second quarter and an additional $7.2 million in July, 2022, for $20 million; 756,177 shares in total year-to-date;

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