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EOG Resources EOG Q2 2024 earnings

Reported August 1, 2024 · After market close

Revenue estimate$6.1B
EPS estimate$2.96

Next report

Aug 6, 2026 (in 2 months)
Revenue estimate$7.9B
EPS estimate$5.02

Financials

Q2 2024

Income statement

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Revenue$6.0B+8.1%
Operating income$2.1B+8.1%
Net income$1.7B+8.8%
EPS (diluted)$2.95+10.9%

Balance sheet

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Cash & equivalents$5.4B+14.0%
Total debt$4.1B-1.5%
Total equity$29.2B+11.1%
Total assets$45.2B+9.0%

Cash flow

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Operating cash flow$2.9B+26.9%
CapEx$313.0M+73.9%
Free cash flow$2.6B+22.8%

Valuation & ratios

Q2 2024

Valuation

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Market cap$72.34B+8.1%
Enterprise value$70.99B+7.1%
P/E9.6×+2.0×
P/S2.9×+0.3×

Profitability

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Operating margin38.3%-4.4pp
Net margin30.3%-3.2pp

Returns & leverage

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Return on equity27.1%-8.8pp
Debt / equity0.1×0.0×
Current ratio2.1×-0.3×

Segments

By product

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Crude Oil and Condensate$3.7B+13.5%
Gathering, Processing and Marketing$1.5B+3.7%
Natural Gas Liquids$515.0M+25.9%
Natural Gas$303.0M-9.3%

By segment

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Other International--100%

Versus estimates

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Questions, answered.

When did EOG Resources report Q2 2024 earnings?
EOG Resources (EOG) reported Q2 2024 earnings on August 1, 2024 after market close.
What were EOG Resources's Q2 2024 revenue and EPS?
EOG Resources reported revenue of $6.1B and diluted EPS of $3.16 for Q2 2024.
Did EOG Resources beat estimates in Q2 2024?
Revenue missed the consensus estimate of $6.1B by $19.0M. EPS beat the consensus estimate of $2.96 by $0.20.
Where can I find EOG Resources's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000821189-24-000031) directly on SEC EDGAR. The filing index links above go to sec.gov.