Northern Oil & Gas reiterates 2026 production, capex guidance after Q2 update

• Northern Oil & Gas reiterated its 2026 production and capital expenditure guidance, citing development scheduling, improving field performance, capital execution.
• Q2 oil output expected at 67,500–68,250 bpd, pressured by roughly 7,000 boe/d shut in across April–June due to negative Waha pricing.
• Q2 total spending forecast at $190–$200 million, supported by ground-game acquisitions totaling about $45 million during the quarter.
• Hedge outlook: Q2 unrealized derivative gains estimated at $155–$160 million; realized hedge losses estimated at $85–$90 million.
• At current strip prices, hedge book expected to be near breakeven in the second half of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Oil & Gas Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260713780350) on July 13, 2026, and is solely responsible for the information contained therein.