EOG Resources, Inc.

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Description

EOG Resources, Inc. managed to surpass the revenue and earnings expectations of Wall Street. Through the first half of the year, unit cash operating expenses averaged 5% less than the midpoint of their quarterly guidance due to the combination of various reasons, including cheaper lease running expenses as well as reduced transit costs. LOE was lowered due to lower workover and compression-related expenses, while transportation costs benefited from the ability to sell into more favorable markets throughout the quarter. This quarter, they emphasized improved drilling performance in the South Powder River Basin, Mowry, and Ohio Utica Combo plays. Additionally, they continue to be committed to delivering long-term, sustainable cost savings supported by the best teams and equipment available since they are less vulnerable to price declines occurring for more advanced technology. Their $6 billion capital program is targeted and is expected to result in a 3% increase in oil volume and a 6% increase in total liquids. In Dorado, they kept the drilling pace up to build operational momentum and realize the corresponding efficiencies. As a result, their drilling times for Dorado have improved by 16%. Lastly, the company has a positive outlook for natural gas in the long run and thinks Dorado will be one of the nation’s most competitive natural gas suppliers regarding price and emissions levels.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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