EOG Resources: 2Q Earnings Snapshot

August 2, 2018

HOUSTON (AP) _ EOG Resources Inc. (EOG) on Thursday reported second-quarter earnings of $696.7 million.

On a per-share basis, the Houston-based company said it had net income of $1.20. Earnings, adjusted for non-recurring costs, came to $1.37 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The oil and gas company posted revenue of $4.24 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $3.91 billion.

EOG Resources shares have risen 17 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 6 percent. In the final minutes of trading on Thursday, shares hit $125.93, a climb of 36 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at https://www.zacks.com/ap/EOG

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