NOG Announces Fourth Quarter and Full Year 2025 Results; Provides Detailed 2026 Guidance
25.02.2026 | Business Wire
FOURTH QUARTER HIGHLIGHTS
- Production of 140,064 Boe per day (53% oil), a 6% increase from the fourth quarter of the prior year
- Record natural gas production of 392,163 Mcf per day, a 24% increase from the fourth quarter of the prior year
- GAAP cash flow from operations of $312.6 million. Excluding changes in net working capital, cash flow from operations was $316.6 million
- Capital expenditures of $270.2 million, excluding previously-announced non-budgeted acquisitions and other items
- Free Cash Flow (non-GAAP) was $43.2 million in the fourth quarter. See "Non-GAAP Financial Measures" below
- Declared $0.45 per share common dividend for the first quarter of 2026
- Repurchased 326,301 shares of common stock at an average price of $21.47 per share
SUBSEQUENT EVENTS
- In February 2026, closed Joint Utica Acquisition for $464.6 million cash closing payment, which reflects preliminary purchase price adjustments and is subject to post-closing settlements with the seller
- In February 2026, expanded availability under revolving credit facility by $200.0 million, with borrowing base increased to $1.975 billion and elected commitment amount increased to $1.8 billion
- In February 2026, the Company gave notice to the holders of its Senior Notes due 2028 that it would redeem all remaining outstanding notes on March 4, 2026