EOG Resources (EOG) released earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $1.79 billion, or $3.10 per share. This compares with $2.02 billion, or $3.45 per share, in last year's first quarter.
Excluding items, EOG Resources reported adjusted earnings of $1.63 billion or $2.82 per share for the period.
Analysts on average had expected the company to earn $2.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.3% to $6.12 billion from $6.04 billion last year.
EOG Resources earnings at a glance (GAAP) :
-Earnings (Q1): $1.79 Bln. vs. $2.02 Bln. last year.
-EPS (Q1): $3.10 vs. $3.45 last year.
-Revenue (Q1): $6.12 Bln vs. $6.04 Bln last year.
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