EOG Resources (EOG) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose compared to the immediately preceding quarter. However, it declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose compared to the immediately preceding quarter. However, it declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.2B
Revenue reported for this quarter.
Quarter-over-quarter
+11.5%
Change from the immediately preceding quarter.
Year-over-year
-18.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $6.7B | +11.2% |
| Mar 31, 2023 | $6B | +51.7% |
| Jun 30, 2023 | $5.6B | -24.8% |
| Sep 30, 2023 | $6.2B | -18.2% |
Revenue performance
The sequential increase reversed the downward trend seen in the prior quarter's comparison.
Quarterly comparison
Revenue was lower than the same quarter in the prior year, continuing a year-over-year decline.
What to watch
The filing highlights ongoing efforts to improve well performance and mitigate cost pressures, which remain relevant for future revenue trends.