Northern Oil and Gas: Fourth Quarter Financial Overview

Northern Oil and Gas Inc. Reports Fourth Quarter Financial Results

Northern Oil and Gas Inc., headquartered in Minnetonka, Minnesota, announced a fourth-quarter net loss of $70.7 million.

The company recorded a loss of $0.73 per share for the quarter. After adjusting for special items, earnings were $0.83 per share.

These adjusted earnings exceeded the expectations of Wall Street analysts, who had predicted $0.71 per share according to a survey by Zacks Investment Research.

During the quarter, Northern Oil and Gas generated $610.2 million in revenue. Adjusted revenue totaled $447.7 million, which was below the consensus estimate of $511.3 million from five analysts polled by Zacks.

For the full year, the company reported a net profit of $38.8 million, or $0.39 per share, with total revenue reaching $2.08 billion.

This article was created by Automated Insights using information from Zacks Investment Research.