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Sohini Mondal

Earnings Preview: What to Expect From EOG Resources’ Report

EOG Resources EOG

Houston, Texas-based EOG Resources, Inc. (EOG) explores, produces, and markets crude oil, natural gas liquids, and natural gas. With a market cap of $76.2 billion, EOG Resources operates in the U.S., the Republic of Trinidad and Tobago, and internationally. It is expected to announce its Q2 earnings after the market closes on Thursday, Aug. 1.

Ahead of the event, analysts expect EOG Resources to report a profit of $3.01 per share, up 20.9% from $2.49 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS projections in three of the past four quarters while missing on one other occasion. Its EPS for the last reported quarter grew 4.8% to $2.82, exceeding the consensus estimates by 4.4%.

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