Northern Oil and Gas

Northern Oil and Gas has issued a senior note with a principal amount of $500 million, maturing in 2034 and bearing interest at 7.5%. The closing of the offering is expected on August 26, 2026; the securities will be offered only to qualified institutional buyers and non‑U.S. persons under Rule 144A and Regulation S. The company intends to use the net proceeds to partially repay its revolving credit facility, with remaining funds for general corporate purposes. » Plus sur de.investing.com

Northern Oil and Gas intends to issue senior notes due 2034 with an aggregate principal amount of $500 million in a private placement to qualified buyers. The net proceeds are expected to be used in part to repay outstanding borrowings under its revolving credit facility, with the remainder for general corporate purposes. The securities will be offered only pursuant to Rule 144A and Regulation S, will not be registered under the Securities Act, and the offering is subject to market and other customary conditions. » Plus sur de.investing.com

The board of directors of Northern Oil and Gas has declared a quarterly cash dividend of $0.45 per common share, unchanged from the prior quarter’s payout. The payment date is October 30, 2026; shareholders of record at the close of trading on September 29, 2026, are eligible. Northern Oil and Gas operates as a non-operator and focuses on non-operated minority interests and mineral and royalty interests in North American oil and gas basins. » Plus sur de.investing.com

Northern Oil and Gas beefed up its buyback program by $150 million to about $243 million and bought 2.95 million shares in Q2 at an average of $20.37 (roughly 3% of outstanding shares). The stock has fallen about 35% over the past year but offers a dividend yield of 9.72%. For Q2 the company reported estimated unrealized mark-to-market gains on derivatives of $155–160 million and realized hedge losses of $85–90 million; production was curtailed by about 7,000 BOE/d, with oil production expected at 67,500–68,250 barrels/day. Northern reaffirmed its 2026 production and capex guidance; Q2 capital expenditures are estimated at $190–200 million and the company closed more than 30 acquisitions, including the Duvernay transaction. » Plus sur de.investing.com

Northern Oil and Gas has filed a supplement to its prospectus to allow the resale of up to 3,689,413 common shares issued in connection with the acquisition of assets from Parallax Energy Operating Inc. The filing is part of the existing S‑3ASR registration and includes a legal opinion from Kirkland & Ellis on the validity of the shares. Separately, the company reported Q1 results with EPS of $0.74 on significantly lower revenues and disclosed payment of CA$237.0 million plus shares for the Parallax transaction, as well as a planned acquisition of a 25% stake in the Duvernay East Shale Basin. » Plus sur de.investing.com