EOG Resources, Inc. (EOG) Tops Q1 EPS by 20c

After the close, EOG Resources, Inc. (NYSE: EOG) reported Q1 EPS of $1.40, $0.20 better than the analyst estimate of $1.20. Revenue for the quarter came in at $4.08 billion versus the consensus estimate of $3.78 billion.

Highlights:

• Reports 42 Percent Increase in Total Company and 45 Percent Growth in U.S. Crude Oil and Condensate Production Year-Over-Year
• Raises 2014 Full-Year Crude Oil Production Goal to 29 Percent from 27 Percent
• Adds High Rate-of-Return Horizontal Drilling Inventory in Four U.S. Crude Oil and Combo Plays with Total Estimated Potential Reserves of 400 MMboe, Net
• Repeats Outstanding Operating Results from the Eagle Ford, Bakken and Leonard

"By posting excellent operational and financial results generated by our great assets, EOG hit another home run in the first quarter of 2014. With such a dynamic start, EOG is well positioned to achieve strong overall returns again this year," said William R. "Bill" Thomas, Chairman and Chief Executive Officer.

For earnings history and earnings-related data on EOG Resources, Inc. (EOG) click here.

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