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HOUSTON (AP) _ EOG Resources Inc. (EOG) on Monday reported a first-quarter loss of $169.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 31 cents. Earnings, adjusted for non-recurring costs, were 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The oil and gas company posted revenue of $2.32 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $2.56 billion.
EOG Resources shares have risen 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 3 percent. In the final minutes of trading on Monday, shares hit $99.39, an increase of slightly more than 2 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at http://www.zacks.com/ap/EOG
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Keywords: EOG Resources, Earnings Report
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
EOG Res. is a and oil producing company based in United states of america. EOG Res. is listed in United States of America. Its market capitalisation is US$ 74.0 billions as of today (€ 64.8 billions). Its stock quote reached its lowest recent point on July 11, 2003 at US$ 10.00, and its highest recent level on March 28, 2024 at US$ 127.84. EOG Res. has 578 636 343 shares outstanding. |