EOG Resources Inc

NYSE:EOGUnited States

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• EOG Resources Q1 Adjusted Earnings, Revenue Increases -- Shares Down After Hours, from 15 minutes ago by MT Newswires

  15 minutes ago by MT Newswires
  Companies Mentioned: EOG
  04:33 PM EDT, 05/02/2024 (MT Newswires) -- EOG Resources (EOG) reported Q1 adjusted net income Thursday of $2.82 per share, up from $2.69 a year earlier. Analysts polled by Capital IQ expected $2.70 normalized. Revenue for the quarter that ended M...

• -- Earnings Flash (EOG) EOG RESOURCES Posts Q1 EPS $2.82, vs. Street Est of $2.70, from 19 minutes ago by MT Newswires

  19 minutes ago by MT Newswires
  Companies Mentioned: EOG
  04:29 PM EDT, 05/02/2024 (MT Newswires) -- ...

• -- Earnings Flash (EOG) EOG RESOURCES Reports Q1 Revenue $6.12B, vs. Street Est of $5.95B, from 19 minutes ago by MT Newswires

  19 minutes ago by MT Newswires
  Companies Mentioned: EOG
  04:28 PM EDT, 05/02/2024 (MT Newswires) -- ...

• EOG Resources Reports First Quarter 2024 Results, from 33 minutes ago by PR Newswire

  33 minutes ago by PR Newswire
  Companies Mentioned: EOG

  EOG Resources, Inc. (EOG) today reported first quarter 2024 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors.

• *DJ EOG Resources 1Q Adj EPS $2.82 >EOG, from 33 minutes ago by Dow Jones

  33 minutes ago by Dow Jones
  Companies Mentioned: EOG
  changes in the effective income tax rate. Cash Flow from Operations and Free Cash Flow In millions of USD (Unaudited) ------------------------------------------------------------------------------------------------ The following tables reconcile Net Cash Provided by Operating Activities (GAAP) to Cash Flow from Operations Before Changes in Working Capital (Non- GAAP). EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who adjust Net Cash Provided by Operating Activities for Changes in Components of Working Capital and Other Assets and Liabilities, Changes in Components of Working Capital Associated with Investing Activities and certain other adjustments to exclude non-recurring and certain other items as further described below. EOG defines Free Cash Flow (Non-GAAP) for a given period as Cash Flow from Operations Before Changes in Working Capital (Non-GAAP) (see below reconciliation) for such period less the Total Capital Expenditures (Non-GAAP) during such period, as is illustrated below. EOG management uses this information for comparative purposes within the industry. 2023 2024 ------------------------------------------- ------------------------------- 2nd 3rd 4th 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Qtr Qtr Qtr Year Net Cash Provided by Operating Activities (GAAP) 3,255 2,277 2,704 3,104 11,340 2,903 2,903 Adjustments: Changes in Components of Working Capital and Other Assets and Liabilities Accounts Receivable (338) (137) 714 (201) 38 (58) (58) Inventories 77 226 28 (100) 231 (117) (117) Accounts Payable 77 231 (238) 49 119 58 58 Accrued Taxes Payable (232) 212 (180) 139 (61) (319) (319) Other Assets (52) (43) 92 (36) (39) 161 161 Other Liabilities (193) 47 (54) 16 (184) 71 71 Changes in Components of Working Capital Associated with Investing Activities (35) (250) (28) 18 (295) 229 229 Cash Flow from Operations Before Changes in Working Capital (Non-GAAP) 2,559 2,563 3,038 2,989 11,149 2,928 2,928 Less: Total Capital Expenditures (Non-GAAP) (a) (1,489) (1,521) (1,519) (1,512) (6,041) (1,703) (1,703) Free Cash Flow (Non-GAAP) 1,070 1,042 1,519 1,477 5,108 1,225 1,225 (a) See below reconciliation of Total Expenditures (GAAP) to Total Capital Expenditures (Non-GAAP): 2023 2024 ------------------------------------------- ------------------------------- 2nd 3rd 4th 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr Qtr Qtr Qtr Year Total Expenditures (GAAP) 1,717 1,664 1,803 1,634 6,818 1,952 1,952 Less: Asset Retirement Costs (10) (26) (191) (30) (257) (21) (21) Non-Cash Development Drilling -- (35) (50) (5) (90) -- -- Non-Cash Acquisition Costs of Unproved Properties (31) (28) (1) (39) (99) (31) (31) Acquisition Costs of Proved Properties (4) (6) 1 (7) (16) (21) (21) Acquisition Costs of Other Property, Plant and Equipment (133) (1) -- -- (134) (131) (131) Exploration Costs (50) (47) (43) (41) (181) (45) (45) Total Capital Expenditures (Non-GAAP) 1,489 1,521 1,519 1,512 6,041 1,703 1,703 Net Debt-to-Total Capitalization Ratio -------------------------------------------------------------------- In millions of USD, except ratio data (Unaudited) The following tables reconcile Current and Long-Term Debt (GAAP) to Net Debt (Non-GAAP) and Total Capitalization (GAAP) to Total Capitalization (Non-GAAP), as used in the Net Debt-to-Total Capitalization ratio calculation. A portion of the cash is associated with international subsidiaries; tax considerations may impact debt paydown. EOG believes this presentation may be useful to investors who follow the practice of some industry analysts who utilize Net Debt and Total Capitalization (Non-GAAP) in their Net Debt-to-Total Capitalization ratio calculation. EOG management uses this information for comparative purposes within the industry. December March 31, 31, September June 30, March 31, 2024 2023 30, 2023 2023 2023 Total Stockholders' Equity - (a) 28,636 28,090 27,758 26,257 25,447 Current and Long-Term Debt (GAAP) - (b) 3,791 3,799 3,806 3,814 3,820 Less: Cash (5,292) (5,278) (5,326) (4,764) (5,018) Net Debt (Non-GAAP) - (c) (1,501) (1,479) (1,520) (950) (1,198) Total Capitalization (GAAP) - (a) + (b) 32,427 31,889 31,564 30,071 29,267 Total Capitalization (Non-GAAP) - (a) + (c) 27,135 26,611 26,238 25,307 24,249 Debt-to-Total Capitalization (GAAP) - (b) / [(a) + (b)] 11.7 % 11.9 % 12.1 % 12.7 % 13.1 % Net Debt-to-Total Capitalization (Non-GAAP) - (c) / [(a) + (c)] -5.5 % -5.6 % -5.8 % -3.8 % -4.9 %