EOG Resources Poised to Report Q4 Earnings: Here's What You Need to Know

Core Viewpoint - EOG Resources, Inc. is expected to report its fourth-quarter 2024 results on February 27, with adjusted earnings anticipated to show a year-over-year improvement despite challenges in natural gas pricing [1][2][5]. Earnings Performance - In the last reported quarter, EOG's adjusted earnings were $2.89 per share, surpassing the Zacks Consensus Estimate of$2.73, primarily due to increased production volumes [1]. - The Zacks Consensus Estimate for fourth-quarter earnings per share is $2.55, reflecting a 19.68$5.88 billion, indicating a 7.5% decrease from the previous year's figure [3]. Operational Factors - EOG Resources is expected to maintain stable performance in the fourth quarter, supported by productive acreages in key oil shale plays such as the Permian and Eagle Ford, along with numerous untapped high-quality drilling sites [4]. - However, the company may face challenges due to a decline in natural gas prices, which fell by approximately 10.6% in the fourth quarter compared to the previous year, influenced by increased production and milder weather [5][6]. Earnings Outlook - Current analysis suggests that EOG Resources may not achieve an earnings beat this quarter, with an Earnings ESP of -1.88% and a Zacks Rank of 2 (Buy) [7].