EOG Resources Full Year 2023 Earnings: Beats Expectations
EOG Resources (NYSE:EOG) Full Year 2023 Results
Key Financial Results
Revenue: US$24.2b (down 18% from FY 2022).
Net income: US$7.59b (down 2.1% from FY 2022).
Profit margin: 31% (up from 26% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$13.07 (down from US$13.31 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EOG Resources Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 1.5% from a week ago.
Valuation
It's possible that EOG Resources could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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