EOG pre-announces Q4 2023 derivative mark-to-market gain of $298M

EOG RESOURCES INC

Net gain on mark-to-market financial commodity derivatives of $298M for Q4 2023.
Net cash received from settlements of financial commodity derivatives was $18M.
For adjusted net income, EOG will subtract the $298M gain and add $18M cash received.
Derivative positions as of Dec 31, 2023 include natural gas swaps at $3.07/MMBtu for 2024-2025.
No collateral posted or held at year-end 2023.

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