EOG Resources Inc. (EOG) reported third-quarter net income available to common stockholders of $4.2 million or $0.02 per share, compared to net income of $1.56 billion or $6.20 per share in the year ago quarter. The results for the third quarter 2009 included a previously disclosed $20.9 million net gain on the mark-to-market of financial commodity transactions.
Adjusted non-GAAP net income available to common stockholders for the quarter was $203.9 million, or $0.81 per share, compared to $588.3 million, or $2.34 per share in the year ago quarter.
Net operating revenues for the quarter were $1.01 billion, down from $3.26 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $1.13 billion for the quarter. Analysts' estimates typically exclude special items.
EOG has increased its 2009 total company production growth target from 5.5 to 6 percent. For 2010, EOG has set a total company organic production growth target of 13 percent that includes total liquids production growth of 50 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.