EOG Resources(EOG)

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EOG Resources(EOG) - 2025 Q1 - Quarterly Results
2025-05-01 20:23
EXHIBIT 99.1 og resources May 1, 2025 EOG Resources Reports First Quarter 2025 Results and Updates 2025 Plan HOUSTON - (PR Newswire) - EOG Resources, Inc. (EOG) today reported first quarter 2025 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions and discussion, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors. Key Financial Results In millio ...
EOG Resources Reports First Quarter 2025 Results and Updates 2025 Plan
Prnewswire· 2025-05-01 20:15
Core Viewpoint - EOG Resources, Inc. reported strong financial results for the first quarter of 2025, highlighting increased revenues, net income, and free cash flow, alongside a proactive capital expenditure plan aimed at optimizing investments and maintaining production levels [1][5][10]. Financial Performance - Total revenue for Q1 2025 was $5.669 billion, an increase from $5.585 billion in Q4 2024 [2]. - Net income reached $1.463 billion, up from $1.251 billion in the previous quarter [2]. - Adjusted net income was $1.586 billion, or $2.87 per share, compared to $1.535 billion, or $2.74 per share in Q4 2024 [2][9]. - Free cash flow generated in the quarter was $1.329 billion, with $538 million returned to shareholders through dividends and $788 million through share repurchases [5][9]. Production and Capital Expenditures - Crude oil and condensate production averaged 502.1 MBod, exceeding guidance and up from 494.6 MBod in Q4 2024 [3][15]. - Total capital expenditures for Q1 2025 were $1.484 billion, with a revised full-year capital plan now expected to range from $5.8 billion to $6.2 billion [10][17]. - The company aims for a 2% growth in oil production and a 5% growth in total production for the year [10]. Operational Highlights - EOG achieved better-than-expected cash operating costs of $10.31 per Boe, slightly higher than $10.15 in Q4 2024 [2][16]. - The company reported successful exploration efforts, including a new oil discovery in Trinidad [11][9]. - EOG's financial position allows for returning over 100% of annual free cash flow in the near term, supporting ongoing shareholder returns [5][6]. Market Context - Crude oil prices increased in Q1 2025, with WTI averaging $71.42 per barrel, compared to $70.28 in Q4 2024 [16]. - Natural gas prices also saw an uptick, with Henry Hub prices averaging $3.66 per Mcf in Q1 2025 [16].
What Analyst Projections for Key Metrics Reveal About EOG Resources (EOG) Q1 Earnings
ZACKS· 2025-04-30 14:20
Core Viewpoint - Analysts forecast a decline in EOG Resources' quarterly earnings and revenues compared to the previous year, indicating potential challenges for the company in the upcoming earnings release [1]. Earnings Estimates - EOG Resources is expected to report earnings of $2.74 per share, reflecting a year-over-year decline of 2.8% [1]. - The consensus estimate for revenues is projected at $5.88 billion, which represents a 4% decrease from the same quarter last year [1]. - Over the last 30 days, the consensus EPS estimate has been revised downward by 10.6%, indicating a shift in analysts' expectations [2]. Revenue Breakdown - The estimated revenue from natural gas is $669.21 million, showing a significant increase of 75.2% year-over-year [5]. - Revenue from crude oil and condensate is expected to be $3.26 billion, indicating a decline of 6.2% compared to the previous year [5]. - Natural gas liquids revenue is projected at $527.24 million, reflecting a modest increase of 2.8% year-over-year [5]. - Gathering, processing, and marketing revenues are estimated to reach $1.37 billion, down 6.3% from the prior-year quarter [6]. Production Metrics - Total crude oil equivalent volumes per day are expected to be 1,084.04 million barrels, up from 1,028.8 million barrels reported in the same quarter last year [6]. - Natural gas volumes per day are projected at 2,052.84 million cubic feet, compared to 1,858 million cubic feet in the previous year [7]. - Crude oil and condensate volumes per day are estimated to reach 500.08 million barrels, an increase from 487.4 million barrels reported last year [7]. - Natural gas liquids volumes per day are expected to be 242.22 million barrels, up from 231.7 million barrels in the same quarter last year [8]. Price Estimates - Average crude oil and condensate prices are forecasted to be $72.78 per barrel, down from $78.46 per barrel in the previous year [8]. - Average natural gas liquids prices are estimated at $24.82 per barrel, slightly up from $24.32 per barrel reported last year [9]. Overall Market Performance - EOG Resources' shares have decreased by 12.7% over the past month, contrasting with a minor decline of 0.2% in the Zacks S&P 500 composite [11].
EOG Resources Poised to Report Q1 Earnings: Here's What You Need to Know
ZACKS· 2025-04-28 14:15
EOG Resources, Inc. (EOG) is set to report first-quarter 2025 results on May 1, after market close.In the last reported quarter, its adjusted earnings of $2.74 per share beat the Zacks Consensus Estimate of $2.55, primarily driven by higher production volumes. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)EOG’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 5.95%. This is depicted in the graph below: Estimat ...
Will EOG Resources (EOG) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-17 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider EOG Resources (EOG) . This company, which is in the Zacks Oil and Gas - Exploration and Production - United States industry, shows potential for another earnings beat.This oil and gas company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an aver ...
OPEC Revises Oil Demand Outlook Amid Shifting Market Trends
ZACKS· 2025-04-15 14:05
The latest monthly report from OPEC shows that the cartel has revised its global oil demand growth forecast for 2025 downward for the first time since December, now projecting an increase of 1.3 million barrels per day (bpd) — 150,000 bpd less than previous estimates. The revision stems largely from slower-than-expected consumption and new U.S. tariffs that have rattled trade dynamics and economic sentiment globally. As President Trump ramps up tariff measures, including a 125% levy on Chinese imports, inve ...
Strength Seen in EOG Resources (EOG): Can Its 8.7% Jump Turn into More Strength?
ZACKS· 2025-04-10 16:55
Company Overview - EOG Resources (EOG) shares increased by 8.7% to close at $114.05, following a significant trading volume compared to normal sessions, despite a 15.7% loss over the past four weeks [1] - The company's financial performance is closely linked to oil and gas prices, which have recently seen a rise due to broader market movements [2] Market Context - Oil prices rose nearly $3 per barrel, while natural gas prices increased by almost 10%, contributing to the stock's surge [2] - The rally in oil prices was influenced by President Trump's decision to implement a 90-day pause on "reciprocal" tariffs for most countries, although a reduced tariff rate of 10% remains in place amid ongoing U.S.-China trade tensions [2] Earnings Expectations - EOG Resources is expected to report quarterly earnings of $2.76 per share, reflecting a year-over-year decline of 2.1%, with revenues projected at $5.88 billion, down 4% from the previous year [3] - The consensus EPS estimate for EOG has been revised 6% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Comparison - EOG Resources is part of the Zacks Oil and Gas - Exploration and Production - United States industry, where another company, APA, saw a 19.1% increase in its stock price, closing at $16.71, despite a -26.9% return over the past month [4] - APA's consensus EPS estimate has changed by -10.2% over the past month to $0.80, representing a 2.6% increase from the previous year [5]
EOG Resources: The Smartest Way To Play The Oil Recovery
Seeking Alpha· 2025-04-09 15:38
Core Insights - The article emphasizes the distinction between price and value in investment decisions, suggesting that true value is what investors should focus on rather than just the price they pay [1] Investment Strategies - A recommendation is made to save 10% of income consistently, regardless of the amount, highlighting the importance of paying oneself first [1] - Investors are advised to focus on their competitive advantages when choosing sectors for investment, suggesting that individuals should invest in areas where they have expertise [1] - The article discourages trading in favor of long-term investing, advocating for a strategy where investments are held until the original thesis is invalidated [1] - It is suggested that individuals should pursue what they love rather than solely focusing on high financial returns, as this can lead to greater long-term satisfaction [1]
Can EOG & COP Weather the Tariff-Induced Market Uncertainty?
ZACKS· 2025-04-09 14:01
Oil prices have recently fallen to their lowest level in over four years, with the price of West Texas Intermediate crude currently trading below $57 per barrel. Concerns about slowing energy demand due to the escalating trade war between the United States and China are weighing on the price of the commodity. Amid the ongoing uncertainty and low commodity pricing scenario, can upstream majors like EOG Resources Inc (EOG) and ConocoPhillips (COP) weather the storm? Low Breakeven Cost & Strong Balance Sheet t ...
4 Prominent Permian Basin Stocks Worth Keeping on Your Radar
ZACKS· 2025-03-31 14:10
EOG Resources holds a dominant position in the Delaware Basin, utilizing advanced drilling techniques to maximize well productivity and returns. In 2024, its Permian assets drove 3% oil production growth and an 8% increase in total volumes. By leveraging proprietary technology and self-sourced materials, EOG maintains a breakeven price in the low-$50s, ensuring consistent free cash flow and attractive shareholder returns. ExxonMobil has doubled its Permian production since 2019, further solidifying its pres ...