EOG Resources announced strong fourth-quarter earnings, with a non-GAAP EPS of $2.27 and revenues of $5.65 billion, surpassing market expectations. The company’s performance is attributed to effective cost control, operational efficiency, and robust natural gas production, particularly benefiting from increased demand for data centers. Analysts recommend buying EOG stock, citing its growth potential and solid position within the evolving energy market.
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EOG Resources Exceeds Earnings Expectations with Strong Revenue Growth
EOG Resources announced strong fourth-quarter earnings, with a non-GAAP EPS of $2.27 and revenues of $5.65 billion, surpassing market expectations. The company’s performance is attributed to effective cost control, operational efficiency, and robust natural gas production, particularly benefiting from increased demand for data centers. Analysts recommend buying EOG stock, citing its growth potential and solid position within the evolving energy market.