MINNETONKA, Minn. (AP) 鈥� MINNETONKA, Minn. (AP) 鈥� Northern Oil and Gas Inc. (NOG) on Thursday reported second-quarter net income of $236.6 million.
The Minnetonka, Minnesota-based company said it had profit of $2.19 per share. Earnings, adjusted for non-recurring gains, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The independent oil and gas company posted revenue of $745.2 million in the period. Its adjusted revenue was $670.8 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $545.8 million.
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