EOG Resources Inc. (EOG)

Income Statement
Quarterly Data

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

EOG Resources Inc., consolidated income statement (quarterly data)

US$ in thousands

	3 months ended	Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016		Jun 30, 2016		Mar 31, 2016		Dec 31, 2015		Sep 30, 2015		Jun 30, 2015		Mar 31, 2015		Dec 31, 2014		Sep 30, 2014		Jun 30, 2014		Mar 31, 2014
	Crude oil and condensate
	Natural gas liquids
	Natural gas
	Gains (losses) on mark-to-market commodity derivative contracts
	Gathering, processing and marketing
	Gains (losses) on asset dispositions, net
	Other, net
	Operating revenues and other
	Lease and well
	Transportation costs
	Gathering and processing costs
	Cost of operating revenues
	Gross profit
	Exploration costs
	Dry hole costs
	Impairments
	Marketing costs
	Depreciation, depletion and amortization
	General and administrative
	Taxes other than income
	Operating income (loss)
	Other income (expense), net
	Income (loss) before interest expense and income taxes
	Interest expense, net
	Income (loss) before income taxes
	Income tax (provision) benefit
	Net income (loss)

Item	Description	The company
Operating revenues and other	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	EOG Resources Inc.’s operating revenues and other declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	EOG Resources Inc.’s operating income (loss) declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	EOG Resources Inc.’s income (loss) before income taxes declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	EOG Resources Inc.’s net income (loss) declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 not reaching Q4 2018 level.

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Analysis
Financial Reporting Quality

EOG Resources Inc. (EOG)

Income StatementQuarterly Data

Income Statement
Quarterly Data