Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

EOG Resources Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Activity Ratio
Total Asset Turnover
Reported 0.47 0.51 0.38 0.26 0.32
Adjusted 0.47 0.50 0.37 0.26 0.32
Liquidity Ratio
Current Ratio
Reported 1.18 1.36 1.20 1.75 1.42
Adjusted 1.18 1.36 1.20 1.67 1.34
Solvency Ratios
Debt to Equity
Reported 0.24 0.31 0.39 0.50 0.51
Adjusted 0.22 0.28 0.34 0.38 0.40
Debt to Capital
Reported 0.19 0.24 0.28 0.33 0.34
Adjusted 0.18 0.22 0.25 0.28 0.29
Financial Leverage
Reported 1.72 1.75 1.83 2.11 2.08
Adjusted 1.39 1.45 1.53 1.56 1.56
Profitability Ratios
Net Profit Margin
Reported 15.74% 19.79% 23.04% -14.33% -51.66%
Adjusted 20.72% 25.93% 5.31% -20.88% -80.13%
Return on Equity (ROE)
Reported 12.64% 17.66% 15.86% -7.84% -34.96%
Adjusted 13.50% 18.84% 3.01% -8.41% -40.38%
Return on Assets (ROA)
Reported 7.37% 10.08% 8.66% -3.72% -16.77%
Adjusted 9.70% 13.01% 1.97% -5.40% -25.81%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. EOG Resources Inc. adjusted total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. EOG Resources Inc. adjusted current ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. EOG Resources Inc. adjusted debt-to-equity ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. EOG Resources Inc. adjusted debt-to-capital ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
EOG Resources Inc. adjusted financial leverage ratio decreased from 2017 to 2018 and from 2018 to 2019.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. EOG Resources Inc. adjusted net profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. EOG Resources Inc. adjusted ROE improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. EOG Resources Inc. adjusted ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

EOG Resources Inc., Financial Ratios: Reported vs. Adjusted


Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Operating revenues and other 17,379,973 17,275,399 11,208,320 7,650,632 8,757,428
Total assets 37,124,608 33,934,474 29,833,078 29,459,433 26,975,244
Activity Ratio
Total asset turnover1 0.47 0.51 0.38 0.26 0.32
Adjusted
Selected Financial Data (US$ in thousands)
Operating revenues and other 17,379,973 17,275,399 11,208,320 7,650,632 8,757,428
Adjusted total assets2 37,122,245 34,433,108 30,195,930 29,606,251 27,183,984
Activity Ratio
Adjusted total asset turnover3 0.47 0.50 0.37 0.26 0.32

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Total asset turnover = Operating revenues and other ÷ Total assets
= 17,379,973 ÷ 37,124,608 = 0.47

2 Adjusted total assets. See details »

3 2019 Calculation
Adjusted total asset turnover = Operating revenues and other ÷ Adjusted total assets
= 17,379,973 ÷ 37,122,245 = 0.47

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. EOG Resources Inc. adjusted total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Current assets 5,273,339 5,057,390 3,279,108 3,554,603 2,592,244
Current liabilities 4,486,988 3,728,364 2,725,542 2,027,291 1,819,287
Liquidity Ratio
Current ratio1 1.18 1.36 1.20 1.75 1.42
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets2 5,273,339 5,057,390 3,279,108 3,385,216 2,444,432
Current liabilities 4,486,988 3,728,364 2,725,542 2,027,291 1,819,287
Liquidity Ratio
Adjusted current ratio3 1.18 1.36 1.20 1.67 1.34

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,273,339 ÷ 4,486,988 = 1.18

2 Adjusted current assets. See details »

3 2019 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 5,273,339 ÷ 4,486,988 = 1.18

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. EOG Resources Inc. adjusted current ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Total debt 5,175,443 6,083,262 6,387,071 6,986,358 6,660,264
Stockholders’ equity 21,640,716 19,364,188 16,283,273 13,981,581 12,943,035
Solvency Ratio
Debt to equity1 0.24 0.31 0.39 0.50 0.51
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 5,974,808 6,582,673 6,767,429 7,309,549 7,023,659
Adjusted stockholders’ equity3 26,684,454 23,776,809 19,783,981 18,993,848 17,376,282
Solvency Ratio
Adjusted debt to equity4 0.22 0.28 0.34 0.38 0.40

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 5,175,443 ÷ 21,640,716 = 0.24

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2019 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 5,974,808 ÷ 26,684,454 = 0.22

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. EOG Resources Inc. adjusted debt-to-equity ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Total debt 5,175,443 6,083,262 6,387,071 6,986,358 6,660,264
Total capital 26,816,159 25,447,450 22,670,344 20,967,939 19,603,299
Solvency Ratio
Debt to capital1 0.19 0.24 0.28 0.33 0.34
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 5,974,808 6,582,673 6,767,429 7,309,549 7,023,659
Adjusted total capital3 32,659,262 30,359,482 26,551,410 26,303,397 24,399,941
Solvency Ratio
Adjusted debt to capital4 0.18 0.22 0.25 0.28 0.29

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,175,443 ÷ 26,816,159 = 0.19

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2019 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 5,974,808 ÷ 32,659,262 = 0.18

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. EOG Resources Inc. adjusted debt-to-capital ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Total assets 37,124,608 33,934,474 29,833,078 29,459,433 26,975,244
Stockholders’ equity 21,640,716 19,364,188 16,283,273 13,981,581 12,943,035
Solvency Ratio
Financial leverage1 1.72 1.75 1.83 2.11 2.08
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets2 37,122,245 34,433,108 30,195,930 29,606,251 27,183,984
Adjusted stockholders’ equity3 26,684,454 23,776,809 19,783,981 18,993,848 17,376,282
Solvency Ratio
Adjusted financial leverage4 1.39 1.45 1.53 1.56 1.56

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 37,124,608 ÷ 21,640,716 = 1.72

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2019 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 37,122,245 ÷ 26,684,454 = 1.39

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
EOG Resources Inc. adjusted financial leverage ratio decreased from 2017 to 2018 and from 2018 to 2019.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) 2,734,910 3,419,040 2,582,579 (1,096,686) (4,524,515)
Operating revenues and other 17,379,973 17,275,399 11,208,320 7,650,632 8,757,428
Profitability Ratio
Net profit margin1 15.74% 19.79% 23.04% -14.33% -51.66%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 3,601,719 4,480,127 595,016 (1,597,564) (7,017,104)
Operating revenues and other 17,379,973 17,275,399 11,208,320 7,650,632 8,757,428
Profitability Ratio
Adjusted net profit margin3 20.72% 25.93% 5.31% -20.88% -80.13%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Net profit margin = 100 × Net income (loss) ÷ Operating revenues and other
= 100 × 2,734,910 ÷ 17,379,973 = 15.74%

2 Adjusted net income (loss). See details »

3 2019 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Operating revenues and other
= 100 × 3,601,719 ÷ 17,379,973 = 20.72%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. EOG Resources Inc. adjusted net profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) 2,734,910 3,419,040 2,582,579 (1,096,686) (4,524,515)
Stockholders’ equity 21,640,716 19,364,188 16,283,273 13,981,581 12,943,035
Profitability Ratio
ROE1 12.64% 17.66% 15.86% -7.84% -34.96%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 3,601,719 4,480,127 595,016 (1,597,564) (7,017,104)
Adjusted stockholders’ equity3 26,684,454 23,776,809 19,783,981 18,993,848 17,376,282
Profitability Ratio
Adjusted ROE4 13.50% 18.84% 3.01% -8.41% -40.38%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × 2,734,910 ÷ 21,640,716 = 12.64%

2 Adjusted net income (loss). See details »

3 Adjusted stockholders’ equity. See details »

4 2019 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ equity
= 100 × 3,601,719 ÷ 26,684,454 = 13.50%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. EOG Resources Inc. adjusted ROE improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in thousands)
Net income (loss) 2,734,910 3,419,040 2,582,579 (1,096,686) (4,524,515)
Total assets 37,124,608 33,934,474 29,833,078 29,459,433 26,975,244
Profitability Ratio
ROA1 7.37% 10.08% 8.66% -3.72% -16.77%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)2 3,601,719 4,480,127 595,016 (1,597,564) (7,017,104)
Adjusted total assets3 37,122,245 34,433,108 30,195,930 29,606,251 27,183,984
Profitability Ratio
Adjusted ROA4 9.70% 13.01% 1.97% -5.40% -25.81%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 2,734,910 ÷ 37,124,608 = 7.37%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2019 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 3,601,719 ÷ 37,122,245 = 9.70%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. EOG Resources Inc. adjusted ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.