(RTTNews) -  However, natural gas volumes for the quarter declined to 1,607 million cubic feet per day, or MMcfd, from 1,664 MMcfd in the year-ago quarter. Composite average natural gas prices declined to $3.88 per million cubic feet, or Mcf, from $5.32 per Mcf in the prior-year quarter.

Natural gas liquids volumes rose to 24.4 million barrels per day, or MBbld, from 16.8 MBbld in the year-ago quarter. Composite average natural liquids prices rose to $40.25 per barrel, or Bbl, from $26.65 per Bbl in the same period last year.

Crude oil and condensate volumes totaled 60.9 MBbld, up from 55.7 MBbld in the previous-year quarter, while composite average crude oil and condensate prices rose to $67.50 per Bbl from $46.12 per Bbl in the year-ago quarter.

Amongst others in the industry, Apache Corp. (APA: News ) is slated to report its financial results for the fourth quarter on February 18, 2010. Analysts expect the company to report earnings of $1.96 per share on revenues of $2.53 billion for the quarter.

In early February, Anadarko Petroleum Corp. (APC: News ) said its profit for the fourth quarter plunged 62% over last year, due mainly to hefty gains recorded in the year-ago quarter on divestitures. The Houston, Texas-based company posted net income attributable to common stockholders of $299 million or $0.46 per share for the fourth quarter, down from $786 million or $1.69 per share in the prior-year quarter. Revenues for the quarter declined to $2.42 billion from $2.93 billion in the same period last year.

For fiscal year 2009, EOG's net income available to common stockholders fell to $546.63 million or $2.17 per share from $2.44 billion or $9.72 per share in the previous year.
Adjusted non-GAAP net income available to common stockholders for the full year more than halved to $754.50 million or $3.00 per share from $1.88 billion or $7.50 per share last year, yet topped analysts' expectation for earnings of $2.98 per share.

Net operating revenues for the year fell 32.8% to $4.79 billion from $7.13 billion a year ago. Analysts had a consensus revenue estimate for the year of $4.61 billion.

For the full year, EOG delivered 6.5% growth in production to 773.0 Bcfe from 727.6 Bcfe in the prior year. Total liquids production in North America increased 30%, comprised of 23% growth in crude oil and condensate, and 48% in natural gas liquids. The company had earlier forecast total production for the full year to grow 6% from the prior year.

To receive FREE breaking news email alerts for EOG Resources and others in your portfolio

 Previous Page   1   2   3   Next Page