EOG Resources Earnings Beat, Revenue Misses In Q1
2022.05.06 00:24
EOG Resources Earnings Beat, Revenue Misses In Q1
Investing.com – EOG Resources (NYSE:EOG) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
EOG Resources announced earnings per share of $4 on revenue of $3.98B. Analysts polled by Investing.com anticipated EPS of $3.64 on revenue of $5.44B.
EOG Resources shares are down 13% from the beginning of the year, still down 3.54% from its 52 week high of $127.94 set on April 8. They are outperforming the Nasdaq 100 which is down 21.26% from the start of the year.
EOG Resources shares gained 1.28% in after-hours trade following the report.
EOG Resources follows other major Energy sector earnings this month
EOG Resources’s report follows an earnings missed by Exxon Mobil on April 29, who reported EPS of $2.07 on revenue of $90.5B, compared to forecasts EPS of $2.23 on revenue of $82.84B.
Chevron had missed expectations on April 29 with first quarter EPS of $3.36 on revenue of $54.37B, compared to forecast for EPS of $3.4 on revenue of $51.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
