NORTHERN OIL & GAS, INC.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
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Item 1A. Risk Factors
There have been no material changes to the risk factors disclosed in the “Risk Factors” section of our Annual Report on Form 10-K filed with the SEC for the period ended December 31, 2024.
Unregistered Sales of Equity Securities and Use of Proceeds
None.
Issuer Purchases of Equity Securities
The table below sets forth the information with respect to purchases made by or on behalf of the Company, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the quarter ended March 31, 2025.
| Period · Total Number of SharesPurchased · Average Price Paid Per Share · Total Number of SharesPurchased as Part of PubliclyAnnounced Plans or Programs · Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (at period end)(2) | |||||
|---|---|---|---|---|---|
| January 1, 2025 to January 31, 2025 | — | $— | — | $ 110.3 million | |
| February 1, 2025 to February 28, 2025 | 155,646 | $32.13 | 155,646 | 105.3 million | |
| March 1, 2024 to March 9, 2025 | 179,336 | $27.90 | 179,336 | 100.3 million | |
| March 10, 2024 to March 31, 2025 | 214,498 | (1) | $30.22 | 164,118 | 195.3 million |
| Total | 549,480 | $30.00 | 499,100 | 195.3 million | |
(1)Includes 50,380 shares surrendered by employees in satisfaction of tax withholding obligations in connection with the vesting of restricted stock awards.
(2)On July 23, 2024, the Company’s board of directors approved and promptly announced a stock repurchase program to acquire up to $150 million of the Company’s outstanding common stock. On March 10, 2025, the Company’s board of directors approved and promptly announced an additional $100 million authorization under this stock repurchase program. The program allows the Company to repurchase its shares from time to time in the open market, block transactions and in negotiated transactions.
None.
Not applicable.
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