MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Tuesday reported first-quarter profit of $139 million.
On a per-share basis, the Minnetonka, Minnesota-based company said it had net income of $1.39. Earnings, adjusted for non-recurring gains, came to $1.33 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The independent oil and gas company posted revenue of $602.1 million in the period. Its adjusted revenue was $577 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $558.7 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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