Northern Oil and Gas estimates $300–320 million Q3 hedge losses
Northern Oil and Gas preliminarily estimated Q3 unrealized derivative losses at $300–320 million and realized hedge losses at $51–52 million.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
According to Newsmetry API, based on a Northern Oil and Gas, Inc. press release distributed by BusinessWire, the company preliminarily estimated third-quarter unrealized derivative losses at approximately $300 million to $320 million. Realized hedge losses were estimated at $51 million to $52 million, primarily from crude oil hedges.
Third-quarter capital expenditures are expected to total $250 million to $253 million. Fourth-quarter spending is expected to move lower if the company undertakes no non-budgeted activity. Northern Oil and Gas allocated $56.5 million to ground game spending in Q3, with 85% directed to oil basins.
The company also repurchased 6667,989 shares at $23.96. Final third-quarter results, including production and free-cash-flow data, along with any changes to 2026 guidance or the hedging strategy, could provide a fuller assessment of the update.
why it matters
The unrealized loss is non-cash and affects GAAP earnings, while realized hedge losses reduce operating cash flow. Elevated capital spending raises near-term outlays, but lower expected Q4 capex could ease pressure on free cash flow if no unbudgeted spending occurs.
instruments
sources
- Northern Oil and Gas, Inc. (NOG) Sees Q3 Unrealized Hedge Losses of ~$300M–$320M — Newsmetry API, 12 October 2026 at 20:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗