=Northern Oil & Gas (NOG) reported earnings on Tue 12 March 19 (b/o)

Northern Oil & Gas beats on top and bottom lines

• Reports Q4 Net income of $0.59 vs $0.14 Capital IQ consensus; revs of $443.2 mln vs $153.6 mln consensus
• Outlook
  • Co expects capital expenditures to range between $247 and $285 million, comprised of between $227 and $260 million in drilling and completion capital, and between $20 and $25 million in ground game acquisitions, acreage, workover and other capitalized expenses.
  • As a result, production is expected to range between 34,500 and 35,500 Boe per day for 2019.