Northern Oil & Gas | 10-Q: FY2025 Q2 Revenue: USD 706.81 M

Revenue: As of FY2025 Q2, the actual value is USD 706.81 M.

EPS: As of FY2025 Q2, the actual value is USD 1, beating the estimate of USD 0.9083.

Segment Revenue

• Oil Sales: $402.7 million for the three months ended June 30, 2025, compared to $488.7 million for the same period in 2024, representing an 18% decrease.
• Natural Gas and NGL Sales: $171.7 million for the three months ended June 30, 2025, compared to $72.3 million for the same period in 2024, representing a 137% increase.

Operational Metrics

• Net Income: $99.6 million for the three months ended June 30, 2025, compared to $138.6 million for the same period in 2024, representing a 28% decrease.
• Gross Margin: Not explicitly stated, but total revenues were $706.8 million with total operating expenses of $530.6 million for the three months ended June 30, 2025.
• Operating Profit: $176.2 million for the three months ended June 30, 2025, compared to $218.9 million for the same period in 2024, representing a 19.5% decrease.
• Operating Margin: Operating profit as a percentage of total revenues was approximately 24.9% for the three months ended June 30, 2025.
• Operating Costs: Total operating expenses were $530.6 million for the three months ended June 30, 2025, compared to $341.8 million for the same period in 2024, representing a 55% increase.

Cash Flow

• Operating Cash Flow: $769.5 million for the six months ended June 30, 2025, compared to $732.6 million for the same period in 2024.
• Free Cash Flow: Not explicitly stated, but net cash used for investing activities was $591.8 million, and net cash used for financing activities was $160.8 million for the six months ended June 30, 2025.

Unique Metrics

• Legal Settlement: The company recorded a legal settlement of approximately $81.7 million expected from an operator in North Dakota to resolve claims related to certain post-production costs previously deducted from revenues.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on investing in non-operated minority working and mineral interests in oil and natural gas properties, with a core area of focus in the premier basins within the United States.
• Non-Core Business: No specific non-core business strategies were mentioned in the reference content.