MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Tuesday reported first-quarter profit of $11.6 million.
The Minnetonka, Minnesota-based company said it had net income of 11 cents per share. Earnings, adjusted for one-time gains and costs, were $1.28 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The independent oil and gas company posted revenue of $396.3 million in the period. Its adjusted revenue was $532 million, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $506.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOG at https://www.zacks.com/ap/NOG
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