Nog provides third quarter operational update
NOG•Northern Oil and Gas expects third-quarter capital expenditures of $250 million to $253 million, unrealized derivative losses of $300 million to $320 million, and realized hedge losses of $51 million to $52 million. It expects fourth-quarter capital expenditures to trend lower and says 2026 spending is tracking toward the higher end of its guidance range.
1. Spending and hedges
Northern Oil and Gas expects third-quarter capital expenditures of $250 million to $253 million, excluding non-budgeted acquisitions. It expects unrealized mark-to-market derivative losses of $300 million to $320 million and realized hedge losses of $51 million to $52 million. Capital expenditures are expected to trend lower in the fourth quarter absent significant non-budgeted activity. The company reiterated its 2026 capital expenditures guidance and said current spending pace points toward the higher end of the range.
