other material
confidence high
sentiment neutral
materiality 0.60
EOG updates crude oil and natural gas price sensitivity for FY2023; Q1 derivative MTM gain $376M
EOG RESOURCES INC
- For each $1/bbl change in crude, FY2023 net income impact ~$137M; pretax cash flow impact ~$175M.
- For each $0.10/MMBtu change in natural gas, FY2023 net income impact ~$35M; pretax cash flow ~$44M.
- Q1 2023 anticipated net gain on mark-to-market of commodity derivatives: $376M before tax.
- Net cash paid for derivative settlements in Q1 2023 was $123M.
- Collateral posted at March 31, 2023 was $0 vs $324M at December 31, 2022.