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Share Name | Share Symbol | Market | Type |
---|---|---|---|
EOG Resources Inc | NYSE:EOG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.63 | 0.48% | 130.65 | 132.14 | 130.24 | 130.68 | 3,689,883 | 00:44:59 |
By Anna Prior
EOG Resources Inc. (EOG) said it expects a $155.7 million non-cash loss in the first quarter on the mark-to-market of its crude-oil and natural-gas derivatives contracts, according to a filing with the Securities and Exchange Commission.
The natural-gas-and-oil producer said that in the first quarter, the net cash paid for settlements of crude-oil and natural-gas derivative contracts was $34 million.
Meanwhile, the company's actual realizations for crude oil and natural gas for the quarter ended March 31 differ from the average NYMEX prices due to delivery location and quality adjustments, said EOG.
The company typically reports its adjusted profit figures that exclude impacts from mark-to-market commodity derivative contracts. Analysts polled by Thomson Reuters expect the company to report adjusted per-share earnings of $1.15 for the first-quarter.
In February, the company reported that it swung to a profit in the fourth quarter amid a strong revenue increase, largely driven by higher crude-oil and condensate revenue.
Write to Anna Prior at anna.prior@wsj.com
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