EOG Q3 2018 Earnings Report — EOG Resources, Inc. Revenue & Financial Results | Market Cap Arena

EOG Resources, Inc.EOG

Q3 2018 Earnings

Reported November 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$4.7B	$4.4B	$2.6B	6.4%	77.6%
Op. Income	$1.5B	$965M	$215M	56.1%	601.3%
Gross Margin	71.1%	71.1%	57.1%	-0.0pp	14.0pp
Net Margin	25.4%	15.8%	3.8%	9.6pp	21.6pp
EPS (Diluted)	$2.05	$1.20	$0.17	70.8%	1105.9%
Free Cash Flow	$540M	$258M	-$133M	109.7%	507.3%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$1.3B
General & Administrative	$111M
SG&A Expenses	$1.4B
Other Expenses	$383M
Operating Expenses	$1.8B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$255M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$918M
EBIT	$1.5B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$1.3B
General & Administrative	$111M
SG&A Expenses	$1.4B
Other Expenses	$383M
Operating Expenses	$1.8B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$255M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$918M
EBIT	$1.5B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$899M
Stock-Based Compensation	$49M
Deferred Income Tax	$334M
Other Non-Cash Items	-$88M
Change in Working Capital	-$196M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.6B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$139M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$2M
Common Stock Repurchased	-$27M
Common Dividends Paid	-$107M
Other Financing Activities	$981.0K
NET CASH FROM FINANCING	-$135M
FREE CASH FLOW	$540M
Net Change in Cash	$266M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$2.5B
Inventory	$767M
Other Current Assets	$304M
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$27.9B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$856M
TOTAL NON-CURRENT ASSETS	$28.8B
TOTAL ASSETS	$33.6B
Account Payables	$2.4B
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$350M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$5.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.2B
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$10.7B
TOTAL LIABILITIES	$15.1B
Common Stock	$206M
Additional Paid-In Capital	$5.6B
Retained Earnings	$12.8B
Treasury Stock	-$52M
Accum. Other Comp. Income	-$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.5B
Minority Interest	$0
TOTAL EQUITY	$18.5B
TOTAL LIABILITIES & EQUITY	$33.6B
Total Debt	$6.4B
Net Debt	$5.2B