NOG, Amazon -- February 19, 2025

Locator: 48587NOG.

NOG, press release:

FOR INVESTORS:

• earnings: $1.11 missing the estimate of $1.18
• revenues, a miss also: $545,700,000 vs estimates of 571,354,081
  
• shares hold after hours;
• pays about 5%
  

FOURTH QUARTER HIGHLIGHTS:

• Production of 131,777 boe per day (59.9% oil), a 15% increase from the fourth quarter of the prior year
• GAAP cash flow from operations of $290.3 million. Excluding changes in net working capital, cash flow from operations was $358.9 million
• Capital expenditures of $258.9 million, excluding previously-announced non-budgeted acquisitions and other items
• Free Cash Flow (non-GAAP) was $96.4 million in the fourth quarter.
• Closed previously announced acquisition of Uinta Basin assets from XCL Resources, LLC on October 1, 2024 for $511.3 million in cash
• Declared $0.45 per share common dividend for the first quarter of 2025, an increase of 12.5% from the first quarter of 2024
• Repurchased 693,658 shares of common stock at an average price of $36.28 per share

SUBSEQUENT EVENTS:

• In February 2025, signed definitive agreement to acquire 2,275 net acres in Upton County, TX in Midland Basin joint development with a private operating partner for an unadjusted purchase price of $40 million.

2025 ANNUAL GUIDANCE, CAPEX:

• Permian: 65%
• Williston: 20%
• Appalachian: 7%
• Uinta: 7%

Amazon: from Amazon today --

... that "$500" paid for the annual membership and all the books I bought last year. All the books I bought.

In addition, for that membership, we get:

• 100% free shipping on everything I order from Amazon, my #1 retailer and way ahead of whatever retail store is in second place. 
• everything is delivered directly to my door saving me time and transportation costs. 
• in addition, we get Amazon Prime Video at no extra charge. 
• for streaming, my favorite is Hulu, followed by YouTube, and then Amazon Prime Video.
• there are other "goodies" associated with Prime membership but those are the ones with which I'm most familiar. 

From the internet:

In 2025, the retail cost to ship a 1-pound package via USPS Ground Advantage is $8.35 in Zone 1.This is the former USPS Parcel Select Ground. 

One such package per month = $100 / year.