Income Statement
Quarterly Data

The income statement presents information on the financial results of a company 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:	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)

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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. 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. 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. 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. net income (loss) decreased from Q2 2019 to Q3 2019 but then slightly increased from Q3 2019 to Q4 2019.

EOG Resources Inc. (NYSE:EOG)

Income StatementQuarterly Data

Income Statement
Quarterly Data