EOG Earnings Prediction
The chart below shows how EOG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EOG sees a +1.32% change in stock price 10 days leading up to the earnings, and a +1.38% change 10 days following the report. On the earnings day itself, the stock moves by +0.26%. This data can give you a slight idea of what to expect for the next quarter's release.
EOG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.89B
-3.93%
-2.63%
Gross Margin
42.71%
-14.67%
-6.32%
Operating Margin
33.45%
-18.99%
-6.22%
Net Margin
28.39%
-14.20%
1.68%
EPS
2.95
-15.23%
0.00%
No Data Available
EOG Earnings Analysis
EOG Resources, Inc. Corporation (EOG.N) Earnings Conference Call
Positive
Free Cash Flow Performance: 1. Strong Free Cash Flow Generation: EOG generated $1.5 billion of free cash flow in Q3 2024, contributing to a total of $4.1 billion year-to-date.
Shareholder Returns Overview: 2. Significant Return to Shareholders: The company returned $3.8 billion to shareholders year-to-date, including $1.6 billion in regular dividends and $2.2 billion in share repurchases.
Dividend and Share Repurchase Increase: 3. Increased Dividend and Share Repurchase Authorization: EOG announced a 7% increase in its regular dividend and boosted its share repurchase authorization by $5 billion, reflecting confidence in future cash flow generation.
Operational Efficiency Gains: 4. Operational Efficiency Improvements: EOG achieved a 15% increase in maximum pumping rate capacity per frac fleet, leading to better well performance and lower per unit cash operating costs than forecasted.
Increased Oil Production Guidance: 5. Record Oil Production Guidance: EOG raised its full-year oil production guidance by 800 barrels per day, driven by better-than-expected productivity from new wells.
Negative
Debt Level Concerns: 1. Increased Debt Levels: EOG plans to increase its debt balance to the $5 billion to $6 billion range in the next 12 to 18 months, which may raise concerns about financial leverage in a cyclical industry.
Production Growth Outlook: 2. Lower Production Growth Expectations: EOG anticipates a slower growth rate for U.S. liquids production in 2025, projecting a year-over-year increase of less than 700,000 barrels, down from 1.5 million barrels in 2023.
Capital Expenditure Reduction: 3. Reduced Capital Expenditures: The company expects strategic infrastructure spending to decrease significantly from $400 million in 2024 to around $100 million in 2025, indicating a potential slowdown in growth initiatives.
Operational Limitations in Dorado: 4. Operational Challenges in Emerging Plays: EOG's focus on maintaining a one-rig program in the Dorado area suggests limited growth potential, which may hinder overall production increases in the near term.
Well Performance Concerns: 5. Declining Well Performance: EOG's wells in the Utica play are experiencing declines similar to typical tight shale wells, raising concerns about long-term production sustainability in that region.
EOG FAQs
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EOG Earning Call Sentiment
EOG Resources, Inc. (EOG) Q3 2024 Earnings Call Transcript
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EOG.N
0.11%Positive
The earnings call indicates a positive outlook with increased shareholder returns, higher dividend, and a significant share repurchase authorization. Despite no year-over-year change in net income and free cash flow, the company plans to return up to 100% of free cash flow to shareholders. The Q&A reveals management's confidence in future gas demand and efficient capital structure management. The positive aspects, including increased guidance and strategic long-term plans, outweigh the lack of specific year-over-year financial growth. Therefore, the stock price is likely to experience a positive movement in the next two weeks.