HOUSTON (AP) _ EOG Resources Inc. (EOG) on Thursday reported first-quarter profit of $677 million.
The Houston-based company said it had profit of $1.16 per share. Earnings, adjusted for non-recurring costs, came to $1.62 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The oil and gas company posted revenue of $3.69 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $3.62 billion.
EOG Resources shares have increased 54% since the beginning of the year, while the S&P's 500 index has increased 12%. In the final minutes of trading on Thursday, shares hit $76.98, an increase of 68% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EOG at https://www.zacks.com/ap/EOG
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