NOG shares are trading higher premarket after providing a Q4 operational update and 2025 guidance. Expect 130-135 MBoe/day production in 2025 with a capital budget of $1.05-1.2 billion.
In the most anticipated week of the Q2 earnings season, several top-rated stocks are standing out after exceeding their quarterly top and bottom line expectations on Tuesday. Let’s review the Q2 results of three of these top stocks.
SM Energy is purchasing Uinta Basin assets from XCL Resources for $2.55B. Northern Oil and Gas will buy 20% for $510M. SM plans to fund through debt and cash reserves, with expected benefits to key financial metrics and a 11% dividend increase in Q4 2024.
