EOG Resources Inc Says For Q4 Of 2023, EOG Anticipates A Net Gain Of $298M On Mark-To-Market Of Its Financial Commodity Derivative Contracts; During Q4 Of 2023, Net Cash Received From Settlements Of Financial Commodity Derivative Contracts Was $18M
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EOG Resources Inc reported in an SEC filing that it expects a net gain of $298 million from mark-to-market of its financial commodity derivative contracts for Q4 2023. Additionally, the company received $18 million in net cash from settlements of these contracts during the same quarter.
January 11, 2024 | 9:31 pm
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EOG Resources Inc expects a significant net gain of $298 million from its financial commodity derivative contracts for Q4 2023, which is likely to have a positive impact on its financial performance for the quarter.
The anticipated net gain of $298 million is a substantial amount that can positively affect EOG's earnings for Q4 2023. This financial gain from derivative contracts could lead to an improved earnings report, which typically has a positive impact on a company's stock price in the short term. The additional $18 million in net cash received from settlements further solidifies the company's financial position for the quarter.
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