EOG Resources Q3 2024 Filing Details

TL;DR

EOG Resources filed its Q3 2024 10-Q, detailing oil, gas, and NGL production and reserves.

AI Summary

EOG Resources Inc. reported its third-quarter results for the period ending September 30, 2024. The company's financial performance and operational data for oil and condensate, natural gas liquids reserves, and natural gas production were detailed in this 10-Q filing. Specific financial figures and production volumes for the third quarter and the year-to-date period are included.

Why It Matters

This filing provides investors and analysts with crucial financial and operational data for EOG Resources, impacting their understanding of the company's performance in the oil and gas sector.

Risk Assessment

Risk Level: medium — The oil and gas industry is subject to significant price volatility and regulatory changes, which can impact EOG Resources' financial performance.

Key Numbers

• N/A — Revenue (Specific revenue figures were not extracted from the provided text.)
• N/A — Net Income (Specific net income figures were not extracted from the provided text.)
• N/A — Production Volumes (While production categories are mentioned, specific volumes for Q3 2024 were not extracted.)

Key Players & Entities

• EOG RESOURCES INC (company) — Filer of the 10-Q
• 20240930 (date) — Conformed period of report
• 20241107 (date) — Filed as of date
• 7136517000 (dollar_amount) — Business phone number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share EOG New York Stock Exchange

Filing Documents

• eog-20240930.htm (10-Q) — 1176KB
• exh10_1q324.htm (EX-10.1) — 85KB
• exh31_1q324.htm (EX-31.1) — 9KB
• exh31_2q324.htm (EX-31.2) — 9KB
• exh32_1q324.htm (EX-32.1) — 3KB
• exh32_2q324.htm (EX-32.2) — 3KB
• 0000821189-24-000049.txt ( ) — 6259KB
• eog-20240930.xsd (EX-101.SCH) — 40KB
• eog-20240930_cal.xml (EX-101.CAL) — 58KB
• eog-20240930_def.xml (EX-101.DEF) — 216KB
• eog-20240930_lab.xml (EX-101.LAB) — 589KB
• eog-20240930_pre.xml (EX-101.PRE) — 409KB
• eog-20240930_htm.xml (XML) — 805KB

FINANCIAL INFORMATION Page No

PART I. FINANCIAL INFORMATION Page No.

Financial Statements (Unaudited)

ITEM 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Income and Comprehensive Income - Three Months and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Balance Sheets - September 30, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Stockholders' Equity - Three Months and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows - Nine Months Ended September 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk 40

Controls and Procedures

ITEM 4. Controls and Procedures 40

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

ITEM 1. Legal Proceedings 41

Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 41

Other Information

ITEM 5. Other Information 42

Exhibits

ITEM 6. Exhibits 43

SIGNATURES

SIGNATURES 45 -2-

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS EOG RESOURCES, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In Millions, Except Per Share Data) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating Revenues and Other Crude Oil and Condensate $ 3,488 $ 3,717 $ 10,660 $ 10,151 Natural Gas Liquids 524 501 1,552 1,400 Natural Gas 372 417 1,057 1,268 Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts 79 43 269 520 Gathering, Processing and Marketing 1,481 1,478 4,459 4,333 Gains (Losses) on Asset Dispositions, Net ( 7 ) 35 39 95 Other, Net 28 21 77 62 Total 5,965 6,212 18,113 17,829 Operating Expenses Lease and Well 392 369 1,178 1,076 Gathering, Processing and Transportation Costs 445 406 1,281 1,197 Exploration Costs 43 43 122 140 Dry Hole Costs — — 6 1 Impairments 15 54 115 123 Marketing Costs 1,500 1,383 4,394 4,200 Depreciation, Depletion and Amortization 1,031 898 3,089 2,562 General and Administrative 167 161 480 448 Taxes Other Than Income 283 341 958 983 Total 3,876 3,655 11,623 10,730 Operating Income 2,089 2,557 6,490 7,099 Other Income, Net 76 52 204 168 Income Before Interest Expense and Income Taxes 2,165 2,609 6,694 7,267 Interest Expense, Net 31 36 100 113 Income Before Income Taxes 2,134 2,573 6,594 7,154 Income Tax Provision 461 543 1,442 1,548 Net Income $ 1,673 $ 2,030 $ 5,152 $ 5,606 Net Income Per Share Basic $ 2.97 $ 3.51 $ 9.05 $ 9.65 Diluted $ 2.95 $ 3.48 $ 8.99 $ 9.60 Average Number of Common Shares Basic 564 579 569 581 Diluted 568 583 573 584 Comprehensive Income Net Income $ 1,673 $ 2,030 $ 5,152 $ 5,606 Other Comprehensive Income (Loss) Foreign Currency Translation Adjustments ( 1 ) 2 — 1 Other Comprehensive Income (Loss) ( 1 ) 2 — 1 Comprehensive Income $ 1,672 $ 2,032 $ 5,152 $ 5,607 The accompanying notes are an integral part of these condensed consolidated financial statements. -3- EOG RESOURCES, IN

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View this 10-Q filing on SEC EDGAR