- EOG Resources’ adjusted earnings per share (EPS) for the first quarter stood at $2.87, beating estimates of $2.78 and slightly up from the previous year’s $2.82.
- The company reported revenue of $5.67 billion, which, although a decline of 7.4% year over year, exceeded the estimated $5.52 billion.
- Cash flow from operations was reported at $2.29 billion, representing a 21% decrease compared to the previous year and falling below the estimated $2.56 billion.
- Crude oil and condensate sales volumes increased by 3% year over year to 502.1 thousand barrels per day (mbbl/d).
- Natural Gas Liquids (NGLs) sales volumes increased by 4.3% year over year to 241.7 thousand barrels per day (MBbl/d).
- Natural gas sales volumes grew significantly by 12% year over year to 2,080 million cubic feet per day (Mmcf/d).
- The US average NGLs price per barrel was $26.29, marking an 8.1% increase from last year and exceeding the estimate of $25.42.
- The US average crude oil and condensate price per barrel declined by 7.1% year over year to $72.90 but was slightly above the estimate of $72.74.
- Non-GAAP capital expenditures were $1.48 billion, down 13% from the previous year.
- EOG Resources has revised its total capital expenditure expectations for 2025 to range from $5.8 to $6.2 billion, a $200 million reduction from the prior plan.
- The company aims to maintain oil production at first-quarter levels for the remainder of the year, with goals of a 2% increase in full-year oil production and a 5% rise in total production.
- The company’s solid results were attributed to successful execution across both foundational and emerging plays.
- Investor sentiment remains positive with 20 buys, 15 holds, and no sells.
Eog Resources on Smartkarma
Analyst coverage of EOG Resources on Smartkarma is providing valuable insights into the company’s financial performance and strategies. Baptista Research, a top independent analyst, published reports on EOG Resources, emphasizing the company’s impressive achievements and strategic investments. EOG Resources exceeded production forecasts, maintained capital discipline, and delivered significant shareholder returns amidst industry volatility. The company’s operational efficiency is highlighted by a 25% return on capital employed, showcasing its robust financial position.
Furthermore, Baptista Research‘s analysis of EOG Resources discusses the company’s management of strategic infrastructure and market volatility risks. EOG Resources’ strong third-quarter results for 2024 showcased substantial free cash flow and a commitment to enhancing shareholder value. With $1.6 billion in adjusted net income and $1.5 billion in free cash flow, EOG Resources prioritized returning value to shareholders. This included redistributing $1.3 billion to shareholders through increased dividends and expanded share repurchases, demonstrating a focus on sustainable growth and enhancing shareholder returns.
A look at Eog Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, EOG Resources presents a promising long-term outlook. With strong ratings in Dividend, Growth, Resilience, and Momentum, the company is positioned well across multiple key factors. EOG Resources, Inc. primarily focuses on exploring, developing, and marketing natural gas and crude oil in various major producing basins globally, indicating a diversified operational approach.
Notable scores in Dividend, Growth, Resilience, and Momentum suggest a positive trajectory for EOG Resources, reflecting well on its financial health and growth potential. As a company engaging in energy exploration and production in strategic locations like the United States, Canada, and the United Kingdom North Sea, EOG Resources appears well-equipped for long-term success and value creation for its investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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