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Higher oil-equivalent production volumes, increased crude oil and condensates, and NGL price realizations aid EOG Resources' (EOG) earnings in Q2.

EOG Resources, Inc. (NYSE:EOG ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Pearce Hammond - Vice President, Investor Relations Ezra Yacob - Chairman & Chief Executive Officer Ann Janssen - Chief Financial Officer Jeff Leitzell - Chief Operating Officer Lance Terveen - Senior Vice President, Marketing Keith Trasko - Senior Vice President, Exploration & Production Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Steve Richardson - Evercore ISI Leo Mariani - ROTH Capital Scott Hanold - RBC Capital Markets Charles Meade - Johnson Rice Paul Cheng - Scotiabank Doug Leggate - Wolfe Research Operator Good day, everyone, and welcome to the EOG Resources Second Quarter 2024 Earnings Results Conference Call. As a reminder, this call is being recorded.

EOG Resources has a strong history in the energy sector, leading in the Eagle Ford shale and early adoption in the Permian. The market focus on shareholder returns has impacted EOG's trading multiple, despite the company's commitment to returning cash to shareholders. EOG Resources has discoveries that require capital; the market does not like this. But, the potential is there to add value to the company's portfolio.

EOG Resources (EOG) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.98 per share. This compares to earnings of $2.49 per share a year ago.

HOUSTON , Aug. 1, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported second quarter 2024 results. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors.

The Investment Committee give you The Setup on some upcoming energy earnings.

The softening of natural gas prices amid geopolitical tensions is likely to have affected EOG Resources' (EOG) performance in the second quarter.

Oil stocks, though powerfully relevant even in the age of new-energy vehicles, have presented a difficult narrative. With the rise of electric vehicles, consumers actually have choices now that extend beyond the hydrocarbon paradigm.

EOG Resources (EOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Europa Oil & Gas (Holdings) Plc (AIM:EOG) told investors it has identified an additional 716 billion cubic feet of  unrisked Prospective Resources on the EG-08 block, in the Douala Basin offshore Equatorial Guinea. It increases the project's prospective resources to 2.11 trillion cubic feet.

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.