Stock Analysis on Net
Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

This company was transferred to the archive: financial data is no longer updated!

Income Statement
Quarterly Data

Beginner level

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

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3 months ended: Dec 31, 2019 Sep 30, 2019 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
Crude oil and condensate 2,464,274  2,418,989  2,528,866  2,200,403  2,383,326  2,655,278  2,377,528  2,101,308  1,929,471  1,451,410  1,445,454  1,430,061  1,366,223  1,137,717  1,059,690  753,711  1,040,470  1,181,092  1,452,756  1,260,244 
Natural gas liquids 215,070  164,736  186,374  218,638  266,037  353,704  286,354  221,415  249,172  180,038  146,907  153,444  137,849  112,439  111,643  75,319  96,521  95,217  103,930  111,990 
Natural gas 309,606  269,625  269,892  334,972  389,213  311,713  300,845  299,766  246,922  220,402  224,008  230,602  215,373  205,293  155,983  165,503  217,381  281,837  274,038  287,782 
Gains (losses) on mark-to-market commodity derivative contracts (62,347) 85,902  177,300  (20,580) 132,095  (52,081) (185,883) (59,771) (45,032) (6,606) 9,446  62,020  (65,787) 5,117  (44,373) 5,435  4,970  29,239  (48,493) 76,208 
Gathering, processing and marketing 1,238,792  1,334,450  1,501,386  1,285,654  1,331,105  1,360,992  1,436,436  1,101,822  1,008,385  784,368  778,797  726,537  614,594  532,456  485,256  333,953  432,292  572,217  678,356  570,270 
Gains (losses) on asset dispositions, net 119,963  (523) 8,009  (3,836) 79,904  115,944  (6,317) (14,969) (65,220) (8,202) (8,916) (16,758) 104,034  108,204  (15,550) 9,147  (3,656) (1,185) (5,564) 1,607 
Other, net 34,888  30,276  25,803  43,391  (7,144) 36,074  29,114  31,591  16,741  23,434  16,776  24,659  29,753  17,278  23,091  11,281  8,783  14,011  14,678  10,437 
Operating revenues and other 4,320,246  4,303,455  4,697,630  4,058,642  4,574,536  4,781,624  4,238,077  3,681,162  3,340,439  2,644,844  2,612,472  2,610,565  2,402,039  2,118,504  1,775,740  1,354,349  1,796,761  2,172,428  2,469,701  2,318,538 
Lease and well (334,538) (348,883) (347,281) (336,291) (346,442) (321,568) (314,604) (300,064) (281,941) (251,943) (255,186) (255,777) (241,846) (226,348) (218,393) (240,865) (247,916) (283,221) (289,664) (361,481)
Transportation costs (208,312) (199,365) (174,101) (176,522) (196,095) (196,027) (177,797) (176,957) (191,717) (183,565) (186,356) (178,714) (193,319) (200,862) (179,471) (190,454) (207,580) (203,594) (209,833) (228,312)
Gathering and processing costs (127,615) (127,549) (112,643) (111,295) (112,396) (114,063) (109,169) (101,345) (43,295) (32,590) (34,746) (38,144) (32,516) (32,635) (29,226) (28,524) (39,653) (35,497) (34,997) (36,009)
Cost of operating revenues (670,465) (675,797) (634,025) (624,108) (654,933) (631,658) (601,570) (578,366) (516,953) (468,098) (476,288) (472,635) (467,681) (459,845) (427,090) (459,843) (495,149) (522,312) (534,494) (625,802)
Gross profit 3,649,781  3,627,658  4,063,605  3,434,534  3,919,603  4,149,966  3,636,507  3,102,796  2,823,486  2,176,746  2,136,184  2,137,930  1,934,358  1,658,659  1,348,650  894,506  1,301,612  1,650,116  1,935,207  1,692,736 
Exploration costs (36,495) (34,540) (32,522) (36,324) (33,862) (32,823) (47,478) (34,836) (22,941) (30,796) (34,711) (56,894) (39,110) (25,455) (30,559) (29,829) (34,946) (31,344) (43,755) (39,449)
Dry hole costs —  (24,138) (3,769) (94) (145) (358) (4,902) —  (4,532) (50) (27) —  (193) (10,390) 172  (246) (429) (198) 551  (14,670)
Impairments (228,135) (105,275) (112,130) (72,356) (186,087) (44,617) (51,708) (64,609) (153,442) (53,677) (78,934) (193,187) (297,946) (177,990) (72,714) (71,617) (168,171) (6,307,420) (68,519) (69,436)
Marketing costs (1,237,259) (1,343,293) (1,500,915) (1,270,057) (1,349,416) (1,326,974) (1,420,463) (1,106,390) (1,009,566) (793,536) (790,599) (736,536) (634,248) (552,487) (480,046) (340,854) (461,848) (615,303) (670,169) (638,662)
Depreciation, depletion and amortization (959,208) (953,597) (957,304) (879,595) (919,963) (918,180) (848,674) (748,591) (881,745) (846,222) (865,384) (816,036) (862,524) (899,511) (862,491) (928,891) (769,457) (722,172) (909,227) (912,788)
General and administrative (125,187) (135,758) (121,780) (106,672) (116,904) (111,284) (104,083) (94,698) (117,005) (111,717) (108,507) (97,238) (102,182) (94,397) (97,705) (100,531) (109,014) (90,959) (82,324) (84,297)
Taxes other than income (199,746) (203,098) (204,414) (192,906) (190,086) (209,043) (194,268) (179,084) (158,343) (125,912) (130,114) (130,293) (103,642) (91,909) (93,480) (60,679) (87,500) (105,677) (122,138) (106,429)
Operating income (loss) 863,751  827,959  1,130,771  876,530  1,123,140  1,506,687  964,931  874,588  475,912  214,836  127,908  107,746  (105,487) (193,480) (288,173) (638,141) (329,753) (6,222,957) 39,626  (172,995)
Other income (expense), net 8,152  9,118  8,503  5,612  21,220  3,308  (8,551) 727  803  226  4,972  3,151  (17,198) (7,912) (20,996) (4,437) (6,080) 8,607  9,380  (9,991)
Income (loss) before interest expense and income taxes 871,903  837,077  1,139,274  882,142  1,144,360  1,509,995  956,380  875,315  476,715  215,062  132,880  110,897  (122,685) (201,392) (309,169) (642,578) (335,833) (6,214,350) 49,006  (182,986)
Interest expense, net (40,695) (39,620) (49,908) (54,906) (56,020) (63,632) (63,444) (61,956) (63,362) (69,082) (70,413) (71,515) (71,325) (70,858) (71,108) (68,390) (62,993) (60,571) (60,484) (53,345)
Income (loss) before income taxes 831,208  797,457  1,089,366  827,236  1,088,340  1,446,363  892,936  813,359  413,353  145,980  62,467  39,382  (194,010) (272,250) (380,277) (710,968) (398,826) (6,274,921) (11,478) (236,331)
Income tax (provision) benefit (194,687) (182,335) (241,525) (191,810) (195,572) (255,411) (196,205) (174,770) 2,017,115  (45,439) (39,414) (10,865) 51,658  82,250  87,719  239,192  114,530  2,199,182  16,746  66,583 
Net income (loss) 636,521  615,122  847,841  635,426  892,768  1,190,952  696,731  638,589  2,430,468  100,541  23,053  28,517  (142,352) (190,000) (292,558) (471,776) (284,296) (4,075,739) 5,268  (169,748)

Based on: 10-K (filing date: 2020-02-27), 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04).

Income statement 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 decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. EOG Resources Inc.’s operating income (loss) decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.
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 decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.
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) decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.