Northern Oil & Gas

Q2 FY2026 EarningsQ2 FY26 results beat consensus across key metrics: revenue of $745.2M significantly exceeded the $584.7M estimate, and GAAP EPS of $2.19 was nearly double the $1.12 expected mean. Growth was driven by a 9% YoY production increase to 145.7 kboe/d and strategic M&A, specifically the Utica and Duvernay acquisitions. While commodity derivatives led to a $86.3M realized loss, strong wellhead pricing and operational efficiency in the Permian and Williston basins bolstered the bottom line.