Production hike, gas price jump boosts EOG's 1Q

摘要

Higher production and natural gas prices boosted US independent EOG Resources' first-quarter adjusted net to US144.9-mil (US1.25/share). That compares to US0.02/share a year ago and analysts' forecasts of US1.20/share. Net income of US126.7-mil (US1.09/share) included a US7.1-mil after-tax charge from an accounting change and a US45.2-mil loss from mark-to-market of commodity price transactions.