EOG Resources to Record Fourth-Quarter Price Swap Gain of $31.5 Million
EOG Resources Inc., a producer of crude oil and natural gas, said Friday it expects to record a fourth-quarter gain of $31.5 million from financial price swap contracts.
In a filing with the Securities and Exchange Commission, the Houston company said in a statement it expects a fourth-quarter gain of $27 million from natural gas financial price swap contracts.
Net cash inflow related to settled natural gas financial price swap contracts was $48.2 million for the quarter, EOG said. The company said it expects a gain of $4.5 million from crude oil financial price swap contracts.
EOG shares rose $1.98, or 3.3 percent, to close at $62.68 on the New York Stock Exchange.
