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Northern Oil and Gas's Q2 adjusted EBITDA increased by 17% quarter-over-quarter, free cash flow surged by over 400% to $159 million, and the share repurchase authorization was raised to approximately $243 million.
Northern Oil and Gas (NYSE:NOG) announced its second-quarter results, with adjusted EBITDA increasing by 17% quarter-over-quarter, and free cash flow surging over 400% from Q1 to $159 million. The company's production grew by 9% year-over-year in the quarter, despite temporary curtailments in the Permian region due to weak Waha natural gas prices. Additionally, the company repurchased 2.95 million shares, increased its buyback authorization to approximately $243 million, and paid a quarterly dividend of $0.45 per share. Management projects adjusted EBITDA for 2026 to be between $1.4 billion and over $1.5 billion, with free cash flow expected to range from $375 million to over $500 million.
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