| EOG Resources
Earnings Call |
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EOG Resources Fourth Quarter Earnings Call
12th March 2008 00:00 AM |
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| Full year net income dropped to $1.083 million compared with $1.2889 million for fiscal year 2006. |
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| The oil and natural gas producer posted weaker year-on-year net income whilst fourth quarter net income rose to $358 million, or $1.44 per share versus $237.2 million, or 96 cents per share in the past year quarter. The full year production increased 11% from last year, fueled by the Fort Worth and Rocky Mountain operations. The management now targets about 15% total company production growth for fiscal year 2008. |
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EOG Resources Third Quarter Earnings Call
5th November 2007 00:00 AM |
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| Profit fell 32% to $202.4 million as lower natural gas prices offset production growth. |
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| Natural gas producer reported revenue increase of 2.3% to $990.5 million, surpassing analysts’ expectations of $971 million in revenue. Domestic natural gas and natural gas liquids production rose 19% to 997 million cubic feet/day versus the same quarter in 2006, with the largest increase coming from the Fort Worth Basin Barnett Shale. Operating income fell to $325 million from $462 million, hit by higher transportation, well and other costs. |
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EOG Resources Second Quarter Earnings Call
15th August 2007 00:00 AM |
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| Net income fell from $329 million in the prior year to $306 million despite increased production. |
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| The oil and gas firm delivered far from convincing results with revenues marginally rising to $1 billion. However, the full year 2007 production growth target was revised to 11.5% on strong oil production driven by success in the North Dakota Bakken horizontal oil play. Automation of rigs will also improve operational efficiencies going forward. |
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EOG Resources First Quarter Earnings Call
3rd May 2007 00:00 AM |
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| Profit fell to $216.8 million as lower oil and gas prices offset production growth. |
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| EOG Resources, oil and natural gas company, reported its revenue decreased to $875.2 million compared to $1.1 billion a year ago. The results included a previously disclosed $39.8 million loss on the mark-to-market of financial commodity price transactions. Excluding the effect of energy trading activities, earnings were $272.8 million, or $1.11 per share. Outside of Johnson County, a number of wells were turned to sales. Full-year organic production growth is expected to be 10%. |
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