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EOG
Posted: Tue May 07, 2013 11:32 am
by dan_s
EOG results look REALLY GOOD.
This one should be a Core Holding for all of us.
Working on the forecast model now.
Re: EOG
Posted: Tue May 07, 2013 9:04 pm
by dan_s
I am FINALLY getting back to EOG after a very busy day. EOG "crushed" my Q1 forecast of $1.47 EPS.
HOUSTON, May 6, 2013 /PRNewswire/ --
•Delivers Outstanding Crude Oil Production Growth of 36 Percent Year-Over-Year in the U.S. and 33 Percent Total Company
•Surpasses Eagle Ford Production Targets
•Announces Successful North Dakota Three Forks Second Bench Test
•Reports Positive Results from Bakken Core 160-Acre Downspacing Program
•Records Success from Permian Delaware and Midland Basins
•Provides Five-Year Outlook
EOG Resources, Inc. (EOG) today reported first quarter 2013 net income of $494.7 million, or $1.82 per share. This compares to first quarter 2012 net income of $324.0 million, or $1.20 per share.
Consistent with some analysts' practice of matching realizations to settlement months and making certain other adjustments in order to exclude one-time items, adjusted non-GAAP net income for the first quarter 2013 was $489.9 million, or $1.80 per share.