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Mar 31, 2025
EOG Resources Q1 2025 Earnings Report
EOG Resources reported strong financial and operational performance in Q1 2025.
Key Takeaways
EOG Resources beat volume and cost guidance midpoints, delivered $1.3B in free cash flow, and announced a new offshore oil discovery in Trinidad.
Generated $1.3 billion in free cash flow.
Adjusted EPS reached $2.87 on strong operational performance.
Oil and total production volumes exceeded guidance midpoints.
Announced new offshore oil discovery in Trinidad, expanding exploration footprint.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
EOG expects stable oil production with a 2% increase for FY25 and reduced capital expenditures.
Positive Outlook
- Oil production expected to grow 2% in FY25.
- Total production expected to grow 5% in FY25.
- Capital plan reduced by $200 million to $6.0 billion.
- Strong cash flow expected to continue supporting shareholder returns.
- Guidance volume ranges increased slightly for Q2 2025.
Challenges Ahead
- Exploration and dry hole expenses forecasted up to $90M in Q2.
- Cash operating costs expected to increase to $10.45/Boe in Q2.
- Expected impairments up to $110M in Q2 2025.
- Natural gas price differentials remain slightly below Henry Hub.
- Ongoing global demand uncertainties due to potential tariff impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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