EOG Resources Inc (EOG)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	7,594,000	7,883,000	8,707,000	9,392,000	7,759,000	7,467,000	5,708,000	4,377,000	4,664,000	3,016,466	1,879,466	62,466	-604,534	-305,479	351,643	2,109,484	2,734,910	2,991,157	3,566,985	3,415,875
Revenue (ttm)	US$ in thousands	24,186,000	24,548,000	25,929,000	27,763,000	25,702,000	25,027,000	22,199,000	18,931,000	18,642,000	15,563,500	13,044,500	10,008,500	11,032,500	12,387,250	14,444,710	18,039,340	17,379,980	17,634,270	18,112,430	17,652,880
Net profit margin		31.40%	32.11%	33.58%	33.83%	30.19%	29.84%	25.71%	23.12%	25.02%	19.38%	14.41%	0.62%	-5.48%	-2.47%	2.43%	11.69%	15.74%	16.96%	19.69%	19.35%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $7,594,000K ÷ $24,186,000K
= 31.40%

The net profit margin of EOG Resources, Inc. has demonstrated an improving trend over the past eight quarters. Starting at 20.51% in Q1 2022, the margin has steadily increased, reaching a peak of 40.09% in Q2 2023. This signifies strong profitability as a percentage of revenue, indicating efficient cost management and effective revenue generation. It is noteworthy that the company has consistently maintained a net profit margin above 20% since Q2 2022, reflecting robust financial performance. The upward trend in net profit margin suggests that EOG Resources, Inc. has been successful in controlling costs, enhancing operational efficiency, and maximizing profitability, which could be seen as a positive indicator for investors and stakeholders.