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EOG Resources: A Strong Force in the Upstream Energy Industry (Continued from Prior Part) EOG Resources’ net debt-to-EBITDA
EOG Resources’ (EOG) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) has been volatile. However, it had been falling until 4Q14. During 1Q15, EOG’s net debt-to-EBITDA multiple was 0.7x. This is ~52% greater than in 4Q14.
Net debt-to-EBITDA reflects how easily a company can repay its debts from its operational earnings and available cash. EOG Resources’ Canadian peers’ Cenovus Energy (CVE) and Suncor Energy’s (SU) net debt-to-EBITDA multiples were ~1.95x and ~1x at the end of 1Q15, respectively.
EOG Resources’ net debt-to-EBITDA had been falling since 4Q12 as its earnings grew, while its net debt remained volatile. The ratio reached a low of 0.45x in 4Q14. Since then, the company’s net debt rose 12%, while its EBITDA fell 71% due to lower energy prices. With cash and marketable securities remaining around the same level, this pushed up EOG’s net debt-to-EBITDA ratio in 1Q15.
EOG Resources’ debt
EOG Resources’ long-term debt was $6.39 billion at the end of 1Q15—compared to $5.90 billion in 1Q14. This was a rise of ~8%. In March 2015, EOG Resources raised a total of $1 billion in debt—to be spent on “general corporate purposes.” Currently, EOG Resources has $2 billion senior unsecured loans that will mature in October 2016 with a possible extension of up to two years.
In comparison to EOG Resources’ 8% long-term debt rise in 1Q15 over 1Q14, Concho Resources’ (CXO) long-term debt fell 8%, while Gulfport Energy’s (GPOR) long-term borrowings rose 161%. EOG accounts for 0.26% of the SPDR S&P 500 ETF Trust (SPY). It also accounts for 2.97% of the iShares U.S. Energy ETF (IYE).
Next, we’ll discuss EOG Resources’ capital expenditures.
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
EOG Res. est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. EOG Res. est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 78,5 milliards US$ (73,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 11 juillet 2003 à 10,00 US$, et son plus haut niveau récent le 26 avril 2024 à 135,70 US$. EOG Res. possède 578 636 343 actions en circulation. |