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EOG Resources: Q3 Earnings Snapshot

Oil & Gas

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HOUSTON (AP) — HOUSTON (AP) — EOG Resources Inc. (EOG) on Thursday reported third-quarter net income of $2.78 billion.

The Houston-based company said it had net income of $5.33 per share. Earnings, adjusted for non-recurring gains, came to $4.87 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.45 per share.

The oil and gas company posted revenue of $8.55 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $7.54 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at https://www.zacks.com/ap/EOG

Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.

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