other material
confidence high
sentiment neutral
materiality 0.60
EOG expects $233M Q4 mark-to-market derivative gain; $244M cash paid
EOG RESOURCES INC
- Q4 2022 net gain of $233M on mark-to-market of financial commodity derivative contracts.
- Net cash paid for settlements of derivative contracts was $244M in Q4 2022.
- Collateral posted for derivatives fell to $324M at Dec 31 from $686M at Sep 30.
- Full Q4 earnings results scheduled for release on February 23, 2023.
- Derivative positions as of Dec 31 include crude and natural gas swaps through 2025.