EOG Resources’ Estimates Revised on Commodity Prices

• EOG Resources, Inc. (NYSE:EOG) reported an EPS of $2.74, beating the estimated $2.55, marking a 7.45% earnings surprise.
• The company's revenue of $5.59 billion missed the Zacks Consensus Estimate by 5.05%, indicating challenges in the pricing environment.
• EOG generated $5.4 billion in free cash flow for the full year 2024 and returned $5.3 billion to shareholders, showcasing strong financial health and commitment to shareholder returns.

EOG Resources, Inc. (NYSE:EOG) is a prominent player in the oil and gas exploration and production industry in the United States. The company is known for its significant contributions to the energy sector, focusing on the exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids. EOG competes with other major industry players like ExxonMobil and Chevron.

On February 28, 2025, EOG reported earnings per share (EPS) of $2.74, exceeding the estimated $2.55. This represents an earnings surprise of 7.45%, as highlighted by Zacks. However, this EPS is a decline from the previous year's $3.07 per share. Despite the earnings beat, EOG's revenue of $5.59 billion fell short of the estimated $5.96 billion and was lower than the $6.36 billion reported in the same quarter the previous year.

The better-than-expected earnings were driven by a 6.8% increase in oil-equivalent production volumes, reaching 100.8 million barrels of oil equivalent. However, this was partially offset by decreased realizations for crude oil, condensates, and natural gas prices. EOG's total quarterly revenues of $5.59 billion missed the Zacks Consensus Estimate by 5.05%, reflecting challenges in the pricing environment.

For the full year 2024, EOG generated $5.4 billion in free cash flow and returned $5.3 billion to shareholders. The company successfully replaced 201% of its 2024 production at a finding and development cost of $7.03 per barrel of oil equivalent (Boe) under GAAP, and $6.68 per Boe under non-GAAP measures. EOG's capital plan for 2025 remains undisclosed, but the company continues to focus on shareholder returns and operational efficiency.

• EOG Resources, Inc. (NYSE:EOG) reported an EPS of $2.74, beating the estimated $2.55, marking a 7.45% earnings surprise.
• The company's revenue of $5.59 billion missed the Zacks Consensus Estimate by 5.05%, indicating challenges in the pricing environment.
• EOG generated $5.4 billion in free cash flow for the full year 2024 and returned $5.3 billion to shareholders, showcasing strong financial health and commitment to shareholder returns.

EOG Resources, Inc. (NYSE:EOG) is a prominent player in the oil and gas exploration and production industry in the United States. The company is known for its significant contributions to the energy sector, focusing on the exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids. EOG competes with other major industry players like ExxonMobil and Chevron.

On February 28, 2025, EOG reported earnings per share (EPS) of $2.74, exceeding the estimated $2.55. This represents an earnings surprise of 7.45%, as highlighted by Zacks. However, this EPS is a decline from the previous year's $3.07 per share. Despite the earnings beat, EOG's revenue of $5.59 billion fell short of the estimated $5.96 billion and was lower than the $6.36 billion reported in the same quarter the previous year.

The better-than-expected earnings were driven by a 6.8% increase in oil-equivalent production volumes, reaching 100.8 million barrels of oil equivalent. However, this was partially offset by decreased realizations for crude oil, condensates, and natural gas prices. EOG's total quarterly revenues of $5.59 billion missed the Zacks Consensus Estimate by 5.05%, reflecting challenges in the pricing environment.

For the full year 2024, EOG generated $5.4 billion in free cash flow and returned $5.3 billion to shareholders. The company successfully replaced 201% of its 2024 production at a finding and development cost of $7.03 per barrel of oil equivalent (Boe) under GAAP, and $6.68 per Boe under non-GAAP measures. EOG's capital plan for 2025 remains undisclosed, but the company continues to focus on shareholder returns and operational efficiency.

• EOG Resources, Inc. (NYSE:EOG) reported an EPS of $2.74, beating the Zacks Consensus Estimate by 7.45%.
• Despite the earnings beat, EOG's revenue was $5.59 billion, missing the consensus estimate by 5.05% and showing a decline from the previous year.
• The company generated $5.4 billion in free cash flow for the full year 2024 and returned $5.3 billion to shareholders, showcasing strong financial performance and shareholder returns.

EOG Resources, Inc. (NYSE:EOG) is a leading figure in the oil and gas exploration and production sector in the United States. Renowned for its efficient operations and robust financial health, EOG stands in competition with industry giants like ExxonMobil and Chevron, focusing on maximizing production and enhancing shareholder value.

EOG is poised to unveil its quarterly earnings on February 28, 2025, with Wall Street analysts projecting an earnings per share (EPS) of $2.55 and anticipated revenue of $5.96 billion. However, EOG outperformed expectations, reporting an EPS of $2.74, which is a 7.45% beat against the Zacks Consensus Estimate. This achievement continues EOG's streak of surpassing consensus EPS estimates for the fourth consecutive quarter.

Despite this earnings success, EOG's quarterly revenue amounted to $5.59 billion, failing to meet the Zacks Consensus Estimate by 5.05%. This figure also signifies a downturn from the $6.36 billion reported in the corresponding quarter of the previous year. The revenue shortfall is primarily attributed to diminished oil prices, though the blow was somewhat cushioned by an uptick in production.

EOG has seen a 6.7% increase in production volumes, achieving nearly 1.1 million barrels of oil per day. The company aims to sustain this level of production, forecasting a range between 1.1 million and 1.14 million barrels per day for 2025. This ambition is supported by data from the U.S. Energy Information Administration, which noted a record surge in the country's oil production.

For the entirety of 2024, EOG generated $5.4 billion in free cash flow and returned $5.3 billion to its shareholders. The company also reported a 201% replacement of its 2024 production at a finding and development cost of $7.03 per barrel of oil equivalent (Boe) under GAAP. With a P/E ratio of 10.32 and a debt-to-equity ratio of 0.14, EOG's financial metrics reflect a strong market valuation and financial resilience.

• EOG Resources, Inc. (NYSE:EOG) reported an EPS of $2.74, beating the Zacks Consensus Estimate by 7.45%.
• Despite the earnings beat, EOG's revenue was $5.59 billion, missing the consensus estimate by 5.05% and showing a decline from the previous year.
• The company generated $5.4 billion in free cash flow for the full year 2024 and returned $5.3 billion to shareholders, showcasing strong financial performance and shareholder returns.

EOG Resources, Inc. (NYSE:EOG) is a leading figure in the oil and gas exploration and production sector in the United States. Renowned for its efficient operations and robust financial health, EOG stands in competition with industry giants like ExxonMobil and Chevron, focusing on maximizing production and enhancing shareholder value.

EOG is poised to unveil its quarterly earnings on February 28, 2025, with Wall Street analysts projecting an earnings per share (EPS) of $2.55 and anticipated revenue of $5.96 billion. However, EOG outperformed expectations, reporting an EPS of $2.74, which is a 7.45% beat against the Zacks Consensus Estimate. This achievement continues EOG's streak of surpassing consensus EPS estimates for the fourth consecutive quarter.

Despite this earnings success, EOG's quarterly revenue amounted to $5.59 billion, failing to meet the Zacks Consensus Estimate by 5.05%. This figure also signifies a downturn from the $6.36 billion reported in the corresponding quarter of the previous year. The revenue shortfall is primarily attributed to diminished oil prices, though the blow was somewhat cushioned by an uptick in production.

EOG has seen a 6.7% increase in production volumes, achieving nearly 1.1 million barrels of oil per day. The company aims to sustain this level of production, forecasting a range between 1.1 million and 1.14 million barrels per day for 2025. This ambition is supported by data from the U.S. Energy Information Administration, which noted a record surge in the country's oil production.

For the entirety of 2024, EOG generated $5.4 billion in free cash flow and returned $5.3 billion to its shareholders. The company also reported a 201% replacement of its 2024 production at a finding and development cost of $7.03 per barrel of oil equivalent (Boe) under GAAP. With a P/E ratio of 10.32 and a debt-to-equity ratio of 0.14, EOG's financial metrics reflect a strong market valuation and financial resilience.

RBC Capital analysts revised their estimates on EOG Resources, Inc. (NYSE:EOG) to reflect final benchmark commodity prices and materials in the pre-earnings supplement.

Their Q3 EPS/CFPS estimates were decreased by $0.85/$1.01 to $3.65/$5.78. RBC's estimates are below the Street’s $4.21/$6.13, but they expect that to be revised lower as analyst update models for final Q3 pricing. The analysts think natural gas price realizations could run toward the high-end (or above guidance) given exposure to international price markers.

RBC estimates the Q3 declared quarterly special dividend at $1.65/share, up from $1.50/ share in Q2. The analysts believe the key investor debates are uses for the growing cash balance, willingness to do stock buybacks, the optimal 2023 production growth trajectory, natural gas optionality from Dorado and the ability to further scale, progress on exploration plays, and 2023 capital allocation across the portfolio.