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EOG Resources: 1Q Earnings Snapshot

HOUSTON (AP) _ EOG Resources Inc. (EOG) on Thursday reported first-quarter net income of $635.4 million.

The Houston-based company said it had net income of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.19 per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The oil and gas company posted revenue of $4.06 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $4.07 billion.

EOG Resources shares have risen 2% since the beginning of the year, while the Standard & Poor's 500 index has increased 16%. In the final minutes of trading on Thursday, shares hit $89.17, a decline of 24% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at https://www.zacks.com/ap/EOG