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EOG Resources reports 4Q loss

HOUSTON (AP) _ EOG Resources Inc. (EOG) on Monday reported a loss of $142.4 million in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 25 cents. Losses, adjusted for non-recurring costs, were 1 cent per share.

The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The oil and gas company posted revenue of $2.4 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.07 billion.

For the year, the company reported that its loss narrowed to $1.1 billion, or $1.98 per share. Revenue was reported as $7.65 billion.

EOG Resources shares have decreased 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 6 percent. In the final minutes of trading on Monday, shares hit $97.91, a rise of 43 percent 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


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