Vitality firm EOG Sources, Inc. (NYSE: EOG) has introduced outcomes for the second quarter of FY25, reporting a decline in revenues and adjusted revenue.
- Earnings, on an adjusted foundation, had been $1.3 billion or $2.32 per share in Q2, vs. $1.81 billion or $3.16 per share final 12 months
- Unadjusted revenue was $1.35 billion or $2.46 per share, in comparison with $1.69 billion or $2.95 per share in Q2 2024
- Second-quarter revenues decreased to $5.48 billion from $6.03 billion within the corresponding quarter final 12 months
- The corporate generated $1.0 billion of free money circulation in the course of the quarter; it paid $528 million in dividends and repurchased $600 million of shares
- Complete oil manufacturing was 504,200 Bopd in Q2, above the midpoint of the steering vary and up from 1Q
- NGL manufacturing was above the midpoint of the steering vary and up 7% from the primary quarter
- Pure gasoline manufacturing got here in above the midpoint of the steering vary, rising 7% sequentially
- The administration expects complete capital expenditures for fiscal 2025 to vary from $6.2 billion to $6.4 billion
- It sees full-year common oil manufacturing of 521 MBod and common complete manufacturing of 1,224 MBoed
