EOG said operating revenues for Q1 2025 decreased $5,669 million by 7% from $6,123 million in the same period of the prior year, to $454 million. Total revenues from sales of crude oil and condensate, NGLs and natural gas for the same period increased $127 million by 3% to $4,502 million.

1. 01

   EOG said operating revenues for Q1 2025 decreased $5,669 million by 7% from $6,123 million in the same period of the prior year, to $454 million. Total revenues from sales of crude oil and condensate, NGLs and natural gas for the same period increased $127 million by 3% to $4,502 million.

2. 02

   EOG Resources recognized net losses on the mark-to-market of financial commodity and other derivative contracts of $191 million for Q1 2025, compared to net gains of $237 million for the same period of the prior year. Natural gas revenues increased 67% to $637 million, and the company's composite natural gas price was $3.41 per Mcf.

3. 03

   EOG Resources said net cash provided by operating activities for the first 3 months of 2025 was $2,289 million, a decrease of $614 million compared to the same period of the prior year. The company cited an increase in net cash paid for income taxes of $730 million as one of the primary factors in the decrease.

4. 04

   EOG Resources estimated full-year 2025 total capital expenditures to range from approximately $5.8 billion to $6.2 billion. As of March 31, 2025, the company said it maintained cash and cash equivalents of $6.6 billion and availability under its senior unsecured revolving credit facility of $1.9 billion.

Key figures

Quarter ended March 31, 2025

Revenue

$5.7B

Operating income

$1.9B

Net income

$1.5B

EPS

$2.65

Operating cash flow

$2.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.