EOG said its net income (GAAP) for Q2 2024 was $1,690 million ($2.95 per diluted share), and its Adjusted Net Income (Non-GAAP) was $1,807 million ($3.16 per diluted share). Net income for Q1 was $1,789 million ($3.10 per diluted share).

1. 01

   EOG said its net income (GAAP) for Q2 2024 was $1,690 million ($2.95 per diluted share), and its Adjusted Net Income (Non-GAAP) was $1,807 million ($3.16 per diluted share). Net income for Q1 was $1,789 million ($3.10 per diluted share).

2. 02

   The company said it recognized a net loss of $47 million (before tax) on mark-to-market financial commodity derivatives in Q2, and received net cash of $79 million from settlements of financial commodity derivative contracts. In Q1, it recorded net mark-to-market gains of $237 million and received net cash from settlements of $55 million.

3. 03

   EOG said net cash provided by operating activities (GAAP) was $2,889 million for Q2 2024, and cash flow from operations before changes in working capital (Non-GAAP) was $3,042 million. After deducting total capital expenditures of $1,668 million, free cash flow (Non-GAAP) was $1,374 million.

4. 04

   The company said it used $699 million to repurchase shares and $520 million to pay dividends in Q2 2024. As of June 30, 2024, cash was $5,431 million, the ratio of total debt to total capitalization was 11.5%, and the net debt-to-total capitalization ratio was -6.0%.

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

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

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