MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Tuesday reported third-quarter earnings of $298.4 million.
The Minnetonka, Minnesota-based company said it had net income of $2.96 per share. Earnings, adjusted for non-recurring gains, came to $1.40 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The independent oil and gas company posted revenue of $753.6 million in the period. Its adjusted revenue was $513.5 million, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $534.5 million.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
