Northern Oil and Gas: Expects Substantial Growth From Its Acquired Utica Assets
Summarize this article with:
Elephant AnalyticsInvesting Group LeaderFollow5ShareSavePlay(9min)CommentsSummaryNorthern's Q3 2025 production declined compared to Q2 2025, although this was expected, and it actually increased its full-year guidance slightly.It is making a $588 million (net to Northern) Utica acquisition in partnership with Infinity Natural Resources.This acquisition is at a relatively high multiple to current production levels, but Northern and Infinity are aiming to triple production at the acquired assets by 2030.Northern's pro forma leverage (projected at the end of 2026) may rise from 1.4x to 1.6x as a result of the acquisition.This increases the risk of an equity offering to pay down debt. KJ Sullivan/iStock via Getty Images Northern Oil and Gas (NOG) reported solid Q3 2025 production results. While there was a decline from its Q2 2025 total production and oil production levels, a decline in production from Q2 levels wasThis article was written byElephant Analytics11.72K FollowersFollowAaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You