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29.04.25 - 22:09
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NOG Announces First Quarter 2025 Results (Business Wire)
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FIRST QUARTER HIGHLIGHTS
Record total quarterly production of 134,959 Boe per day (58% oil), up 13% from the first quarter of 2024
Oil volumes of 78,675 Bbl per day, driven by strong well performance
Record Appalachian volumes of 113.5 Mmcfe per day
Uinta volumes up over 15% from prior quarter in first period of SM Energy Company's operatorship
GAAP net income of $139.0 million, Adjusted Net Income of $133.4 million and Record Adjusted EBITDA of $434.7 million. See “Non-GAAP Financial Measures” below
Cash flow from operations of $407.4 million. Excluding changes in net working capital, cash flow from operations was $387.4 million, an increase of 10% from the first quarter of 2024
Generated $135.7 million of Free Cash Flow, up 41% from the fourth quarter of 2024. See “Non-GAAP Financial Measures” below
Capital expenditures of $249.9 million, excluding non-budgeted acquisitions and other items
Completed seven ground game transactions adding over 1,000 acres and 1.1 net wells for $4.8 million, inclu...
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