EOG Resources Inc (EOG) reported robust first-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. The company reported adjusted earnings per share of $2.82, which increased almost 5% year over year, while revenues came in at $6.1 billion, up 1.3% year over year.Good Entry Point for InvestorsAlthough the quarterly results were strong, the stock price fell 1.4%, a movement unrelated to the company's fundamentals, thereby making the stock cheap. The current affordability ...

财务数据和关键指标变化 - 公司在第一季度实现了16亿美元的经调整净收益,并产生了12亿美元的自由现金流 [8] - 公司计划全年产生56亿美元的自由现金流,并将至少70%的自由现金流返还给股东 [18][19] - 公司在第一季度回购了640万股,平均价格为每股118美元,累计回购超过1500万股 [20] 各条业务线数据和关键指标变化 - 公司第一季度的产量和总单位现金运营成本均超过目标,资本支出符合预期 [26] - 公司全年资本支出计划为62亿美元,将实现3%的原油产量增长和6%的总产量增长 [26] - 公司正在积极管理Dorado资产的活动,以应对天然气市场疲软,但将继续保持平衡的开发方式 [27][28][29] 各个市场数据和关键指标变化 - 公司预计2023年全球需求将增长,美国供应增长将相对温和,全球库存将在下半年有所回升 [12][13] - 公司预计未来10-12 Bcf/d的LNG需求增长,以及10-12 Bcf/d的其他需求增长,对天然气市场前景持乐观态度 [15] 公司战略和发展方向及行业竞争 - 公司通过有机勘探、技术应用和供应链一体化等差异化方式,持续提升资本效率和运营效率 [10][11][16] - 公司正在积极开发新的资产如Utica,并将其与现有核心资产协同发展 [10][46] - 公司在成本控制、可持续发展和创造股东价值方面保持行业领先地位 [16] 管理层对经营环境和未来前景的评论 - 管理层认为当前的油气市场环境整体有利,预计油价将维持在相对窄的区间波动 [12][13] - 管理层对天然气市场前景持乐观态度,预计未来几年需求将大幅增加 [15] - 管理层对公司的多盆地资产组合、运营执行能力和创新能力表示信心,认为公司有望在行业周期中持续创造价值 [9][46][47] 问答环节重要的提问和回答 问题1 **Steve Richardson 提问** 询问公司对Dorado资产的发展计划和灵活性 [51][52][53][54][55][56][57][58][59][60] **Ezra Y. Yacob 回答** 公司将保持Dorado资产的适度开发节奏,以优化投资回报和控制成本 [51][52][53][54][55][56][57][58][59][60] 问题2 **Arun Jayaram 提问** 询问公司本季度超额返还自由现金流的原因和信号 [64][65][66][67][68] **Ezra Y. Yacob 回答** 公司认为自身价值被低估,因此将继续采取积极的股票回购策略,这也反映了公司对未来前景的信心 [64][65][66][67][68] 问题3 **Neil Mehta 提问** 询问公司在Eagle Ford和Bakken等成熟资产上的开发策略 [76][77][78][79][80] **Jeffrey R. Leitzell 回答** 公司通过提高钻井效率、延长水平段长度等方式持续优化这些成熟资产的经济性 [76][77][78][79][80]

1Q 2024 Earnings Presentation Pearce Hammond, Vice President IR Neel Panchal, Director IR Shelby O’Connor, Manager IR (713) 571-4684, phammond@eogresources.com (713) 571-4884, npanchal@eogresources.com (713) 571-4560, soconnor@eogresources.com Sustainable Value Creation Through Industry Cycles Capital Discipline • Premium Hurdle Rate Guides Returns-Focused Investments1,2 EOG is fo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-9743 EOG RESOURCES, INC. (Exact name of registrant as specified in its charter) Delaware 47-0684736 (State or other jurisdiction (I.R.S. Employer of incorporation o ...

EXHIBIT 99.1 Table of Contents First Quarter 2024 Supplemental Financial and Operating Data Page Income Statements 12 Wellhead Volumes and Prices 13 Balance Sheets 14 Cash Flow Statements 15 Non-GAAP Financial Measures 16 Adjusted Net Income 17 Net Income Per Share 24 Adjusted Net Income Per Share 26 Cash Flow from Operations and Free Cash Flow 28 Net Debt-to-Total Capitalization Ratio 29 11 Income Statements In millions of USD, except share data (in millions) and per share data (Unaudited) 2023 2024 1st Qt ...

Investors are closely monitoring EOG Resources, Inc. (EOG) as it prepares to announce first-quarter 2024 earnings on May 2, after market close. Some investors are considering whether to buy shares of this top exploration and production energy company before its earnings release or wait for a more favorable entry opportunity.Encouraging Price PerformanceEOG Resources has proven to be rewarding since the beginning of 2024, gaining 13.9% year to date, surpassing the 11.6% rise of the composite stocks belonging ...

The market expects EOG Resources (EOG) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

EOG Resources (EOG) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this oil and gas company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...

文章核心观点 - EOG Resources是一家优秀的油气勘探生产公司,今年股价涨幅超过行业平均水平 [4] - 同样隶属于油气行业的Phillips 66也是今年表现出色的公司之一 [5][6] 公司概况 - EOG Resources隶属于油气-勘探生产-美国行业,该行业包含37家公司,目前在Zacks行业排名第177位 [7] - 今年EOG Resources的股价涨幅为11.5%,略低于该行业12.4%的平均涨幅 [8] - Phillips 66隶属于油气-炼油和营销行业,该行业包含15家公司,目前在Zacks行业排名第35位 [9] - 今年Phillips 66的股价涨幅为19.3%,明显高于该行业9.6%的平均涨幅 [9] 财务表现 - 分析师对EOG Resources全年盈利预测在过去一个季度内上调了1.9%,显示公司业绩前景向好 [3] - 分析师对Phillips 66当前年度盈利预测在过去三个月内上调了6.2% [6] 投资评级 - EOG Resources目前被评为Zacks 2(买入)评级 [3] - Phillips 66目前也被评为Zacks 2(买入)评级 [6] 行业展望 - 油气行业整体表现良好,EOG Resources和Phillips 66有望继续保持良好的股价表现 [10]

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