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Power firm EOG Sources, Inc. (NYSE: EOG) has reported a decline in revenues and adjusted revenue for the second quarter of 2023.
- Second-quarter revenue declined to $1.55 billion or $2.66 per share from $2.24 billion or $3.81 per share within the year-ago quarter
- On an adjusted foundation, June quarter internet revenue was $2.49 per share, decrease than the $2.74 per share earnings reported a 12 months earlier
- The corporate posted complete revenues of $5.57 billion for the June quarter, in comparison with $7.41 billion final 12 months
- EOG generated $1.0 billion of free money movement in Q2 and declared a daily quarterly dividend of $0.825 per share
- In the course of the quarter, the corporate repurchased $300 million of its shares
- Whole 2Q oil manufacturing of 476,600 Bopd was above the midpoint of the steering vary and up 4% from 1Q
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