MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Wednesday reported fourth-quarter earnings of $71.7 million.
On a per-share basis, the Minnetonka, Minnesota-based company said it had net income of 71 cents. Earnings, adjusted for non-recurring costs, were $1.11 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The independent oil and gas company posted revenue of $515 million in the period. Its adjusted revenue was $545.5 million, also missing Street forecasts. Six analysts surveyed by Zacks expected $552.7 million.
For the year, the company reported profit of $520.3 million, or $5.14 per share. Revenue was reported as $2.15 billion.
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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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