Founder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey to financial independence back in 2011. By living well below my means and intelligently investing my hard-earned capital, I went from below broke at age 27 to financially free at 33 years old. I regularly create content on dividend growth investing, living off of dividends, undervalued high-quality dividend growth stocks, high-yield situations, and other long-term investment opportuni ...

Market Overview - Volatile markets are prompting investors to seek stability through dividend stocks, which offer both upside potential and solid income [1] - Recent U.S.-China tariff agreement provides some relief, but concerns about steep duties under the Trump administration persist [1] Chord Energy (CHRD) - Chord Energy is highlighted as a top dividend pick, reporting solid Q1 2025 results due to better-than-expected well performance and strong cost control [3][4] - The company returned 100% of its adjusted free cash flow to shareholders through share repurchases and declared a base dividend of $1.30 per share, resulting in a 6.8% dividend yield [4] - Analyst Gabriele Sorbara from Siebert Williams Shank maintains a buy rating and raises the price target to $125, citing attractive assets and strong free cash flow [5][8] - Chord Energy reduced its 2025 capital expenditure outlook by $30 million while maintaining production guidance, supported by operational efficiencies [6][7] Chevron (CVX) - Chevron reported Q1 results reflecting lower oil prices, with a slowdown in stock buybacks expected in Q2 2025 due to tariff issues and OPEC+ supply increases [9][12] - The company returned $6.9 billion to shareholders in Q1 through share repurchases of $3.9 billion and dividends of $3.0 billion, offering a 4.8% dividend yield [11] - Analyst Neil Mehta from Goldman Sachs trimmed the price target to $174 but reaffirmed a buy rating, highlighting strong free cash flow generation from major projects [12][13] EOG Resources (EOG) - EOG Resources reported strong Q1 2025 earnings, returning $1.3 billion to shareholders, including $538 million in dividends and $788 million in share repurchases [15][16] - The company declared a dividend of $0.975 per share, resulting in a 3.4% dividend yield, and plans to continue returning at least 100% of free cash flow to shareholders [16][19] - Analyst Scott Hanold from RBC Capital reaffirmed a buy rating with a price target of $145, noting a 3% reduction in capital budget and a 0.6% decrease in organic oil production [17][20]

Group 1 - The U.S. President Trump announced a $200 billion agreement in the UAE [1] - ExxonMobil, Occidental Petroleum, and EOG are forming partnerships with the UAE's Adnoc [1] - The expanded oil and gas production is valued at $60 billion [1] Group 2 - Qualcomm is partnering with Adio [1] - Holtec International and IHC are entering a partnership with a committed value of $10 billion to build the SMR-300 small modular reactor in Michigan, USA [1]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported adjusted net income of $1.6 billion and generated $1.3 billion in free cash flow, highlighting strong financial performance [7][16] - Adjusted earnings per share were $2.87, and adjusted cash flow per share was $5.90 [16] - The company returned $1.3 billion to shareholders through dividends and share repurchases, demonstrating a commitment to value creation [7][16] Business Line Data and Key Metrics Changes - The company achieved a 25% year-over-year growth in total production, with oil production levels expected to remain flat throughout the year [20][10] - The Dorado dry gas asset in South Texas showed improved productivity, contributing to overall volume outperformance [19][20] - A bolt-on acquisition in the Eagle Ford added significant drilling inventory, enhancing operational efficiency and returns [24][13] Market Data and Key Metrics Changes - Global oil demand remained strong, with U.S. supply growth moderating and inventory levels below the five-year range, supporting a positive medium to long-term outlook for oil and gas [10][11] - The company anticipates a compound annual growth rate of 4% to 6% in natural gas demand through the end of the decade, driven by LNG and increased power demand [12][11] Company Strategy and Development Direction - The company is focused on capital discipline, optimizing its 2025 capital investment to enhance free cash flow while maintaining production levels [10][29] - EOG is committed to sustainable value creation through high-return investments and operational excellence, with a strong emphasis on maintaining a pristine balance sheet [14][29] - The company is pursuing organic exploration programs and strategic acquisitions to expand its inventory and improve productivity [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate potential impacts from tariffs and maintain strong cash flow generation [10][11] - The company remains optimistic about the long-term role of oil and gas in providing reliable energy, despite short-term price fluctuations [11][12] - EOG's operational excellence and commitment to sustainability are expected to drive long-term value creation [14][28] Other Important Information - The company has set new sustainability targets, aiming to reduce GHG emissions intensity by 25% by 2030 and maintain near-zero methane emissions for 2025 [27][28] - EOG's cash balance at the end of Q1 was $6.6 billion, with long-term debt at $4.7 billion, indicating a strong financial position [17] Q&A Session Summary Question: Insights on capital reduction and its implications - Management clarified that the decision to reduce capital expenditures was driven by a focus on protecting shareholder returns and free cash flow rather than a deterioration in reinvestment economics [34][35] Question: Future cash return strategies in a challenging macro environment - The company plans to continue returning over 100% of free cash flow to shareholders, remaining opportunistic with share buybacks [37][38] Question: Acquisition opportunities in a downturn - Management indicated that while many quality assets have been acquired, they remain open to both buybacks and strategic acquisitions that align with their investment criteria [55][56] Question: Outlook for natural gas and capital allocation - The company remains optimistic about natural gas demand and is focused on maintaining a low-cost structure while investing in gas assets like Dorado [62][64] Question: Returns comparison between gas and oil assets - Management highlighted that both gas and oil plays deliver competitive returns, with a focus on maintaining low costs and high rates of return [73][74]

Financial Data and Key Metrics Changes - The company reported adjusted net income of $1.6 billion and generated free cash flow of $1.3 billion in Q1 2025, highlighting strong financial performance [6][14] - Adjusted earnings per share were $2.87, and adjusted cash flow per share was $5.90 [14] - The company returned $1.3 billion to shareholders through dividends and share repurchases, demonstrating commitment to value creation [6][14] Business Line Data and Key Metrics Changes - The first quarter saw strong performance across the multi-basin portfolio, with production and cash operating costs exceeding targets [5][18] - The company plans to maintain oil production levels throughout 2025 while optimizing capital investments, expecting approximately 2% year-over-year oil growth [8][19] - The Dorado dry gas asset in South Texas showed improved productivity, contributing to overall volume outperformance [18][20] Market Data and Key Metrics Changes - Global oil demand remained strong, while U.S. supply growth moderated, supporting a positive medium to long-term outlook for oil and gas [9][10] - The company anticipates a compound annual growth rate of 4% to 6% in natural gas demand through the end of the decade, driven by LNG and increased power demand [11] Company Strategy and Development Direction - The company emphasizes capital discipline and operational excellence as core pillars of its value proposition, optimizing capital investments to enhance shareholder returns [7][27] - EOG is pursuing organic exploration programs and strategic bolt-on acquisitions to expand its inventory and improve productivity [12][22] - The company is committed to sustainability, aiming to reduce GHG emissions intensity by 25% by 2030 and maintain near-zero methane emissions for 2025 [25][26] Management's Comments on Operating Environment and Future Outlook - Management remains constructive on oil and gas's role in providing reliable low-cost energy, despite near-term price speculation due to tariff discussions [10] - The company is well-positioned for future cycles with a strong financial position and low-cost structure, allowing flexibility in capital allocation [7][19] - Management expressed confidence in the ability to generate free cash flow and maintain shareholder returns even in a challenging macro environment [32][35] Other Important Information - The company has reduced its 2025 capital investment plan by $200 million, now expecting to generate $4 billion in free cash flow at $65 WTI and $3.75 Henry Hub [15][16] - EOG's cash balance at the end of Q1 was $6.6 billion, with long-term debt at $4.7 billion, indicating a strong balance sheet [16] Q&A Session Summary Question: Insights on capital reduction decision - Management clarified that the decision to reduce capital expenditures is a function of capital discipline to protect shareholder returns rather than a reflection of deteriorating economics [31][32] Question: Future cash return strategy in a tougher macro environment - Management reiterated their commitment to returning over 100% of free cash flow to shareholders, remaining opportunistic with share buybacks [34][35] Question: Clarification on cumulative free cash flow targets - Management indicated that the three-year cumulative free cash flow scenario is not guidance but reflects a directionally accurate outlook based on current performance [39][40] Question: Acquisition opportunities in a downturn - Management stated that they do not see buybacks and acquisitions as mutually exclusive, focusing on creating shareholder value through both avenues [50][51] Question: Long-term growth outlook for Trinidad assets - Management expressed confidence in the Trinidad assets, highlighting consistent investment and operational expertise in the region [54][55] Question: Capital allocation in a weak oil market - Management remains optimistic about natural gas and is focused on maintaining low-cost structures while investing in gas assets like Dorado [58][60] Question: Returns comparison between Dorado and oil plays - Management confirmed that Dorado offers compelling returns at $4 gas, comparable to oil plays at $55, emphasizing the importance of low-cost reserves [69][70]

Core Viewpoint - EOG Resources, Inc. reported strong adjusted earnings per share for Q1 2025, exceeding estimates, but total revenues fell short of expectations and declined year-over-year Financial Performance - Adjusted earnings per share for Q1 2025 were $2.87, beating the Zacks Consensus Estimate of $2.74 and increasing from $2.82 in the same quarter last year [1] - Total quarterly revenues were $5.67 billion, missing the Zacks Consensus Estimate of $5.83 billion and down from $6.12 billion in the prior-year quarter [1] Operational Performance - Total production volumes increased by 4.8% year-over-year to 98.1 million barrels of oil equivalent (MMBoe), surpassing the company's guidance of 96.9 MMBoe [3] - Crude oil and condensate production averaged 502.1 thousand barrels per day (MBbls/d), up nearly 3% from the previous year and exceeding the estimate of 497.3 MBbls/d [4] - Natural gas volumes rose to 2,080 million cubic feet per day (MMcf/d), up from 1,858 MMcf/d year-over-year, also beating the estimate of 2,047.9 MMcf/d [4] Pricing and Costs - Average price realization for crude oil and condensates decreased by 7.1% year-over-year to $72.87 per barrel [5] - Natural gas prices improved by almost 51% year-over-year to $3.41 per Mcf, while NGL prices increased to $26.29 per barrel from $24.32 [5] - Total operating expenses were $3.81 billion, lower than $3.85 billion recorded a year ago, despite increases in lease and well expenses and gathering, processing, and transportation costs [6] Liquidity and Capital Expenditure - As of March 31, 2025, EOG had cash and cash equivalents of $6.6 billion and long-term debt of $3.5 billion [7] - The company generated $1.33 billion in free cash flow during the quarter, with capital expenditures amounting to $1.48 billion [7] Guidance - For 2025, EOG expects total production to be between 1,099.5 and 1,136.5 MBoe/d, with a second-quarter production forecast of 1,096.2 to 1,133.3 MBoe/d [8] - Full-year capital expenditure is projected to be in the range of $5.8 to $6.2 billion, with $1.5 to $1.6 billion allocated for the second quarter [8]

Financial Performance & Capital Allocation - EOG reported $1.6 billion in Adjusted Net Income for 1Q 2025[8] - Adjusted EPS was $2.87 and Adjusted CFPS was $5.09 for 1Q 2025[8] - Free Cash Flow for 1Q 2025 reached $1.3 billion[8] - EOG returned $1.3 billion to shareholders, including $0.5 billion in regular dividends and $0.8 billion in share repurchases in 1Q 2025[9] - The company is targeting a 7% increase in the regular dividend for 2025[18] Operational Highlights & Strategy - Total production reached $6.0 billion[10] - Oil production grew by 2% for 2025[12] - EOG is reducing its capital program by $200 million, aiming for ~$4.0 billion Free Cash Flow at $65 WTI and $3.75 HH[13, 14] - The company executed a bolt-on acquisition of ~30,000 net acres in the Eagle Ford[9] Emissions Targets - EOG aims to reduce GHG emissions intensity rate by 25% from 2019 levels by 2030[84] - The company is committed to maintaining near-zero methane emissions (0.20% or less) and zero routine flaring from 2025-2030[84]

Core Insights - EOG Resources reported a revenue of $5.67 billion for Q1 2025, a year-over-year decline of 7.4%, with an EPS of $2.87, slightly up from $2.82 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $5.83 billion, resulting in a surprise of -2.75%, while the EPS exceeded expectations by 4.74% [1] Financial Performance Metrics - Crude Oil Equivalent Volumes per day totaled 1,090.4 million barrels, slightly above the estimated 1,085.1 million barrels [4] - Natural Gas Volumes per day reached 2,080 million cubic feet, exceeding the estimate of 2,055.45 million cubic feet [4] - Crude Oil and Condensate Volumes per day were 502.1 million barrels, compared to the estimate of 500.57 million barrels [4] - Natural Gas Liquids Volumes per day totaled 241.7 million barrels, slightly below the estimate of 242.55 million barrels [4] - Average Crude Oil and Condensate Prices per barrel in the U.S. were $72.90, compared to the estimated $72.78 [4] - Total Production was 98.1 MBOE, exceeding the estimate of 97.8 MBOE [4] Revenue Breakdown - Revenues from Natural Gas were $637 million, below the estimate of $669.21 million, but represented a year-over-year increase of 66.8% [4] - Revenues from Crude Oil and Condensate were $3.29 billion, slightly above the estimate of $3.26 billion, but showed a year-over-year decline of 5.4% [4] - Revenues from Natural Gas Liquids reached $572 million, exceeding the estimate of $527.24 million, with a year-over-year increase of 11.5% [4] - Revenues from Gathering, Processing and Marketing were $1.34 billion, below the estimate of $1.37 billion, reflecting an 8.2% year-over-year decline [4] - Revenues from Other, Net were $19 million, below the estimate of $23.33 million, indicating a year-over-year decline of 26.9% [4] Stock Performance - EOG Resources' shares have returned -15.1% over the past month, compared to the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

EOG Resources (EOG) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.74 per share. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.74%. A quarter ago, it was expected that this oil and gas company would post earnings of $2.55 per share when it actually produced earnings of $2.74, delivering a surprise of 7.45%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Address of principal executive offices) (Zip Code) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-9743 EOG RESOURCES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...