EOG Resources Second Quarter Financial Results
EOG Resources announced its financial results for the second quarter ending June 2025. The company's revenue declined by 9.1% year-over-year to $5.48 billion, slightly surpassing the Wall Street consensus estimate of $5.46 billion by 0.3%. Earnings per share (EPS) stood at $2.32, down from $3.16 in the same period last year but beating the projected $2.21 by nearly 5%.
Performance Indicators and Market Outlook
Analyzing crucial performance indicators offers a clearer view of EOG's financial health beyond just revenue and earnings figures. These metrics, which influence both top-line and bottom-line results, are vital for predicting stock performance.
Operational Metrics
In terms of operational metrics, EOG's crude oil and condensate production averaged 504.2 million barrels per day, exceeding the analysts' consensus of 502.78 million. Natural gas output reached 2,229 million cubic feet daily, surpassing the estimated 2,161.91 million. Natural gas liquids production was 258.4 million barrels per day, above the expected 249.55 million.
Total oil equivalent production was 1,134.1 million barrel...