EOG Resources Inc

EOG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$454.00	Pbjtpj	Llrbwhmjn

EOG Earnings: Production and Efficient Operations Drive Continued Outperformance

Joshua Aguilar , Samuel Siampaus

Feb 23, 2024

Narrow-moat EOG’s revenue, earnings, and free cash flow outperformed our expectations during the fourth quarter. However, we were modeling too many rigs in our forecast, even as its well efficiency continues to improve. These changes fully offset one another in our model. Therefore, we maintain our $129 fair value estimate.

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