Power firm EOG Sources, Inc. (NYSE: EOG) has introduced outcomes for the second quarter of FY25, reporting a decline in revenues and adjusted revenue.
Earnings, on an adjusted foundation, had been $1.3 billion or $2.32 per share in Q2, vs. $1.81 billion or $3.16 per share final yearUnadjusted revenue was $1.35 billion or $2.46 per share, in comparison with $1.69 billion or $2.95 per share in Q2 2024Second-quarter revenues decreased to $5.48 billion from $6.03 billion within the corresponding quarter final yearThe firm generated $1.0 billion of free money movement throughout the quarter; it paid $528 million in dividends and repurchased $600 million of sharesTotal oil manufacturing was 504,200 Bopd in Q2, above the midpoint of the steering vary and up from 1QNGL manufacturing was above the midpoint of the steering vary and up 7% from the primary quarterNatural fuel manufacturing got here in above the midpoint of the steering vary, rising 7% sequentiallyThe administration expects complete capital expenditures for fiscal 2025 to vary from $6.2 billion to $6.4 billionIt sees full-year common oil manufacturing of 521 MBod and common complete manufacturing of 1,224 MBoed
