EOG Resources Q2 Profit Rises - Quick Facts

(RTTNews) - EOG Resources, Inc. (EOG) reported that its second-quarter net income increased to $706.4 million, or $1.29 per share from $659.7 million, or $1.21 per share, last year. Adjusted non-GAAP net income for the second quarter 2014 was $796.0 million, or $1.45 per share.

On average, 35 analysts polled by Thomson Reuters expected the company to report profit per share of $1.37 for the quarter. Analysts' estimates typically exclude special items.

Net operating revenues increased to $4.19 billion from $3.84 billion, a year ago. Analysts expected revenue of $4.23 billion for the quarter.

The board EOG Resources increased the cash dividend on the common stock by 34 percent. Effective with the dividend payable October 31, 2014, to holders of record as of October 17, 2014, the board declared a quarterly dividend of $0.1675 per share on the common stock.