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EOG Resources Q2 Profit Increases, beats estimates

EOG Resources (EOG) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $2.24 billion, or $3.81 per share. This compares with $0.91 billion, or $1.55 per share, in last year's second quarter.

Excluding items, EOG Resources reported adjusted earnings of $1.61 billion or $2.74 per share for the period.

Analysts on average had expected the company to earn $2.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 79.0% to $7.41 billion from $4.14 billion last year.

EOG Resources earnings at a glance (GAAP) :

-Earnings (Q2): $2.24 Bln. vs. $0.91 Bln. last year.
-EPS (Q2): $3.81 vs. $1.55 last year.
-Analyst Estimate: $2.67
-Revenue (Q2): $7.41 Bln vs. $4.14 Bln last year.

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