EOG Resources: Q4 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — EOG Resources Inc. (EOG) on Thursday reported fourth-quarter net income of $2.28 billion.
The Houston-based company said it had net income of $3.87 per share. Earnings, adjusted for non-recurring gains, were $3.30 per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.
The oil and gas company posted revenue of $6.72 billion in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $6.39 billion.
For the year, the company reported profit of $7.76 billion, or $13.22 per share. Revenue was reported as $25.7 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