EOG Resources (EOG) Q4 Earnings Miss Estimates, Revenues Fall Y/Y

EOG Resources, Inc. (EOG) reported fourth-quarter 2023 adjusted earnings per share of $3.07, which missed the Zacks Consensus Estimate of$3.14. The bottom line declined from the year-ago quarter’s level of $3.30.Total quarterly revenues of$6,357 million beat the Zacks Consensus Estimate of $6,169 million. The top line, however, declined from$6,719 million reported in the prior-year quarter.Weak quarterly earnings were primarily due to lower realizations of commodity prices. Operational PerformanceIn the ...