As the natural market prepares for a tight supply-demand scenario, upstream operators like EQT, EOG and EXE gear up for production growth in 2025.
Favorable oil prices are aiding EOG. However, as an upstream company, it is highly exposed to extreme volatility in commodity prices.
It would be wise to focus on EOG & MTDR stocks, as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.
As we income investors roll into Trump 2.0, it's time for us to “flip the script” on the trades that have worked for us over the past two years. Things have the potential to get wild.
EOG Resources, Inc. (NYSE:EOG ) BofA Global Energy Conference November 13, 2024 10:40 AM ET Company Participants Jeff Leitzell - Chief Operating Officer Conference Call Participants Kalei Akamine - Bank of America Kalei Akamine As we're going to get started with the next session. So this morning, we have EOG Resources.
It would be wise to focus on EOG & MTDR stocks, as the crude price is favorable with BKR's weekly rig count report stating that the tally is in line.
EOG Resources remains a buy due to strong free cash flow, high dividend yield, and shareholder-friendly initiatives despite soft earnings growth and a challenging oil price environment. Q3 results showed solid EPS and revenue beats, with significant cash flow growth and increased crude oil and natural gas liquids production. Key risks include uncertain oil prices, potential higher interest rates, and economic growth concerns, but patient investors may benefit from future profit growth.
EOG Resources is shifting from dividends to share buybacks, indicating confidence in its undervalued stock and financial resilience through commodity cycles. The company plans to leverage its balance sheet, adding moderate debt to enhance shareholder returns with a focus on buybacks. EOG's Utica Shale production is expanding, with wells outperforming averages, showcasing management's careful, long-term growth approach.
EOG's Q3 results reflect the negative impacts of decreased realizations of crude oil and condensates, and natural gas liquids prices.
EOG Resources said on Friday its debt levels in the near term would put the oil and gas producer in a position to allocate more than 100% of free-cash-flow for shareholder returns.
EOG Resources, Inc. (EOG) Q3 2024 Earnings Call Transcript
EOG Resources (EOG) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to earnings of $3.44 per share a year ago.