- EOG Resources (EOG -0.6%) is lower after saying it expects a $44.4M non-cash net loss in Q2 on the mark-to-market of its commodity derivative contracts.
- EOG says the net cash paid for settlements of its commodity derivative contracts during Q2 totaled $14.8M.
- EOG says it has not entered into any further crude oil derivative contracts since filing its Form 10Q on May 5 and it has no outstanding crude oil hedges as of July 14; it has not entered into new derivatives contracts for gas since May 5.
EOG Resources warns of $44.4M hedging loss for Q2
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| Symbol | Last Price | % Chg |
|---|---|---|
| EOG | - | - |
| EOG Resources, Inc. | ||