EOG Resources Inc (EOG)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 7,912,000 | 8,824,000 | 9,292,000 | 9,041,000 | 9,603,000 | 9,952,000 | 11,059,000 | 11,992,000 | 9,966,000 | 9,641,000 | 7,448,000 | 5,716,000 | 6,102,000 | 4,061,662 | 2,587,948 | 330,398 | -544,017 | -167,928 | 662,745 | 2,880,065 |
| Revenue (ttm) | US$ in thousands | 23,427,000 | 23,807,000 | 24,055,000 | 23,463,000 | 23,182,000 | 23,871,000 | 25,351,000 | 27,298,000 | 25,702,000 | 25,027,000 | 22,199,000 | 18,931,000 | 18,642,000 | 15,481,640 | 13,018,780 | 10,092,800 | 9,873,240 | 11,217,340 | 13,103,000 | 16,376,500 |
| Operating profit margin | 33.77% | 37.06% | 38.63% | 38.53% | 41.42% | 41.69% | 43.62% | 43.93% | 38.78% | 38.52% | 33.55% | 30.19% | 32.73% | 26.24% | 19.88% | 3.27% | -5.51% | -1.50% | 5.06% | 17.59% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $7,912,000K ÷ $23,427,000K
= 33.77%
From the provided data on EOG Resources Inc's operating profit margin, we observe fluctuations over the quarters from March 31, 2020, to December 31, 2024.
The operating profit margin started positively at 17.59% on March 31, 2020, but declined to 5.06% by June 30, 2020. Subsequently, EOG Resources experienced negative operating profit margins in the following quarters, reaching a low of -5.51% on December 31, 2020, possibly due to challenging economic conditions or operational issues.
However, there was a significant turnaround in the company's performance, with the operating profit margins gradually improving and turning positive again. Performance started to pick up notably from June 30, 2021, with a strong increase in profitability. The operating profit margins steadily increased quarter-over-quarter, reaching a peak of 43.93% on March 31, 2023.
After this peak, there was a slight decrease in operating profit margins, settling at around 33-38% range from June 30, 2024, to December 31, 2024. Overall, the trend indicates a recovery and improvement in EOG Resources Inc's operating profitability after facing challenges in the past, showing a positive direction in the company's financial performance.
Peer comparison
Dec 31, 2024