Last $114.46 USD
Change Today +1.07 / 0.94%
Volume 1.6M
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As of 2:51 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

eog resources inc (EOG) Key Developments

EOG Resources, Inc. Presents at Sanford C. Bernstein Strategic Decisions Conference, May-29-2014 03:00 PM

EOG Resources, Inc. Presents at Sanford C. Bernstein Strategic Decisions Conference, May-29-2014 03:00 PM. Venue: Waldorf-Astoria Hotel, 301 Park Avenue, New York, New York, United States. Speakers: William R. Thomas, Chairman, Chief Executive Officer and President.

EOG Resources, Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Full Year of 2014; Provides Production and Earnings Guidance for the Second Quarter and Full Year of 2014; Announces Impairment Charges for the First Quarter Ended March 31, 2014

EOG Resources, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total net operating revenues of $4,083,671,000 against $3,356,514,000 a year ago. Operating income was $1,084,279,000 against $833,074,000 a year ago. Income before interest expense and income taxes was $1,080,941,000 against $822,940,000 a year ago. Income before income taxes was $1,030,789,000 against $761,019,000 a year ago. Net income was $660,928,000 against $494,725,000 a year ago. Net cash provided by operating activities was $2,267,673,000 against $1,424,935,000 a year ago. Additions to oil and gas properties were $1,736,630,000 against $1,604,123,000 a year ago. Additions to other property, plant and equipment was $165,966,000 against $92,201,000 a year ago. Net cash provided by operating activities was $2,267,673,000 against $1,424,935,000 a year ago. Net income per diluted share was $1.21 against $0.91 a year ago. Adjusted net income (non-GAAP) was $767,687,000 against $489,859,000 a year ago. Adjusted net income per diluted share was $1.40 against $0.90 a year ago. EBITDAX (non-GAAP) was $2,197,199,000 against $1,771,054,000 a year ago. Adjusted EBITDAX (non-GAAP) was $2,307,404,000 against $1,778,827,000 a year ago. Net debt as at March 31, 2014 was $4,243 million. The company announced impairments of $113,361,000 for the first quarter ended March 31, 2014 against $53,548,000 a year ago. The company announced that following excellent results during the first quarter, the company increased its full year 2014 crude oil and condensate production growth target to 29% from 27%. The company also raised its total company 2014 production growth target to 12% from 11.5%. Depreciation, depletion and amortization is to be in the range between from $18.30 million to $19.10 million. Net interest expense is to be range between from $190 million to $210 million. Income tax is to be between from 35% to $40%. Exploration and development, excluding facilities is to be range between from $6,450 million to $6,550 million. Exploration and development facilities are to be range between from $880 million to $920 million. The company expects daily total crude oil and condensate volumes production is to be in the range between from 272.1 MBbld 295.7 MBbld. Total natural gas liquids volumes is to be between from 68.6 MBbld to 78.8 MBbld. Total natural gas volumes is to be between from 1,263 MMcfd against 1,331 MMcfd. Total crude oil equivalent volumes is to be between from 551.2 MBoed 595.4 Mboed. For the second quarter of 2014, the company expects depreciation, depletion and amortization is to be in the range between from $18.40 million to $19.10 million. Net interest expense is to be range between from $47 million to $51 million. Income tax is to be between from 35% to $40%. For the second quarter of 2014, the company expects total crude oil and condensate volumes production is to be in the range between from 270.2 MBbld 286.4 MBbld. Total natural gas liquids volumes is to be between from 68.5 MBbld to 78.7 MBbld. Total natural gas volumes is to be between from 1,282 MMcfd against 1,336 MMcfd. Total crude oil equivalent volumes is to be between from 552.3 MBoed 587.8 Mboed. In the first quarter 2014, the company increased its total crude oil and condensate production by 42%, compared to the same prior year period, while U.S. crude oil and condensate production rose 45%. Overall total company production increased 18% led by a 37% increase in total company liquids production crude oil, condensate and natural gas liquids (NGLs). Total crude oil and condensate volumes production was 266.5 MBbld against 187.3 MBbld a year ago. Total natural gas liquids volumes were $71.6 MBbld against 59.5 MBbld a year ago. Total crude oil equivalent volumes were 563.5 MBoed against 475.6 MBoed a year ago.

EOG Resources, Inc. Declares Quarterly Dividend Payable on July 31, 2014

The Board of Directors of EOG Resources, Inc. has declared a dividend of CAD 0.125 per share on EOG's Common Stock, payable on July 31, 2014, to stockholders of record as of July 17, 2014. The indicated annual rate is USD 0.50.

EOG Resources, Inc. Presents at Credit Suisse NYC Shale Symposium with "Best of Breed: E&Ps", May-12-2014 10:00 AM

EOG Resources, Inc. Presents at Credit Suisse NYC Shale Symposium with "Best of Breed: E&Ps", May-12-2014 10:00 AM. Venue: Credit Suisse Offices, New York, New York, United States.

EOG Resources, Inc. Presents at Citi Global Energy and Utilities Conference, May-13-2014 01:00 PM

EOG Resources, Inc. Presents at Citi Global Energy and Utilities Conference, May-13-2014 01:00 PM. Venue: Hyatt Regency, 1 Ave De Lafayette, Boston, MA 02111, United States. Speakers: William R. Thomas, Chairman, Chief Executive Officer and President.

 

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EOG

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Valuation EOG Industry Range
Price/Earnings 26.3x
Price/Sales 4.0x
Price/Book 3.9x
Price/Cash Flow 9.7x
TEV/Sales 3.5x
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