EOG said it received net cash of $79 million in Q2 2024 from settlements of Financial Commodity Derivative Contracts.

8-KRegulation FD DisclosureFiled Jul 9, 2024Period of report Jul 9, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

EOG said it received net cash of $79 million in Q2 2024 from settlements of Financial Commodity Derivative Contracts.
The company said it received no cash related to the Brent-linked Sales Agreement, a 10-year natural gas sales agreement, in Q2 2024, and that deliveries are expected to begin in January 2027.
EOG said that for the quarter ended June 30, 2024, NYMEX West Texas Intermediate crude oil averaged $80.55 per barrel and NYMEX natural gas at Henry Hub averaged $1.89 per million British thermal units.
The company said its actual realizations for crude oil and natural gas for the quarter ended June 30, 2024 differ from NYMEX prices due to delivery location (basis), quality and revenue adjustments. It also said its NGL realizations are influenced by the components extracted and the market pricing for each component.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

EOG received $79 million net cash from Q2 derivative settlements

EOG said it received net cash of $79 million in Q2 2024 from settlements of Financial Commodity Derivative Contracts.

Source · Based on the filing body and exhibits

No cash received from Brent-linked Sales Agreement

The company said it received no cash related to the Brent-linked Sales Agreement, a 10-year natural gas sales agreement, in Q2 2024, and that deliveries are expected to begin in January 2027.

Source · Based on the filing body and exhibits

NYMEX average prices for Q2

EOG said that for the quarter ended June 30, 2024, NYMEX West Texas Intermediate crude oil averaged $80.55 per barrel and NYMEX natural gas at Henry Hub averaged $1.89 per million British thermal units.

Source · Based on the filing body and exhibits

Realized prices vs. NYMEX prices

The company said its actual realizations for crude oil and natural gas for the quarter ended June 30, 2024 differ from NYMEX prices due to delivery location (basis), quality and revenue adjustments. It also said its NGL realizations are influenced by the components extracted and the market pricing for each component.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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