The latest announcement is out from EOG Resources (EOG).
EOG actively manages its price risk to stabilize future revenues and cash flows by using various financial commodity derivative contracts, such as swaps and options, and marks them to market for accounting purposes. In the second quarter of 2024, EOG gained $79 million from these contracts, although it didn’t receive any cash from a Brent-linked natural gas sales agreement set to start in 2027. The company’s actual crude oil and natural gas sales prices varied from the NYMEX benchmarks due to location, quality differences, and revenue adjustments, while natural gas liquids pricing reflected the value of specific components like ethane and propane.
For an in-depth examination of EOG stock, go to TipRanks’ Stock Analysis page.
