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EOG Resources (EOG)
NYSE:EOG
Holding EOG?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.58Last Year’s EPS
$3.07Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -5.87%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
EOG delivered strong financial and operational results, highlighted by increased dividends, significant shareholder returns, and operational efficiencies. Despite concerns about gas inventory levels and plans to increase debt, the company's achievements in sustainability and development projects like Utica position it well for future growth.Company Guidance
During the EOG Resources Q3 2024 earnings call, significant financial and operational guidance was provided. EOG reported $1.6 billion in adjusted net income and generated $1.5 billion of free cash flow on $1.5 billion of capital expenditures. The company announced a 7% increase in its regular dividend and a $5 billion boost to its share repurchase authorization. Operationally, EOG exceeded expectations with oil, natural gas, and NGL volumes and reduced per unit cash operating costs. For 2025, EOG anticipates maintaining similar activity levels, with minor shifts in basin activity, including a 50% increase in Utica activity. The company remains focused on improving capital efficiency, leveraging technology, and maintaining a strong balance sheet. EOG's strategy includes a commitment to return significant cash to shareholders, expecting to exceed their minimum return commitment of 70% of annual free cash flow, and potentially more than 100% in the near term due to balance sheet optimization.Strong Financial Performance
EOG generated $1.6 billion of adjusted net income and $1.5 billion of free cash flow in Q3 2024, outperforming on oil, natural gas, and NGL volumes.
Record Shareholder Returns
Returned $1.3 billion to shareholders through dividends and share repurchases, with a 7% increase in the regular dividend.
Operational Efficiency Gains
Increased maximum pumping rate capacity by 15% per frac fleet, leading to better well performance and reduced costs by $150,000 or more per well.
Sustainability Achievements
Achieved a GHG intensity rate below the 2025 target for the second year and a methane emissions percentage at or below the 2025 target for the third consecutive year.
Utica Play Development
Significant progress in the Utica play with a 50% increase in activity expected for 2025, demonstrating premium quality with lower development costs.
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EOG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EOG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $126.46 | $134.12 | +6.06% |
| Aug 01, 2024 | $122.23 | $122.04 | -0.16% |
| May 02, 2024 | $129.95 | $128.20 | -1.35% |
| Feb 22, 2024 | $114.00 | $109.55 | -3.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EOG Resources (EOG) report earnings?
EOG Resources (EOG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is EOG Resources (EOG) earnings time?
EOG Resources (EOG) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EOG EPS forecast?
EOG EPS forecast for the fiscal quarter 2024 (Q4) is $2.58.
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