Upstream energy companies like EOG Resources, Diamondback Energy, and Devon Energy beat earnings expectations.

From Zacks Investment Research: 2025-03-31 12:02:00

Earnings season for the energy sector in Q4 2024 saw strong results for upstream oil and gas companies like EOG Resources, Diamondback Energy, and Devon Energy, supported by record production levels and cost management. EOG Resources reported adjusted EPS of $2.74, beating estimates, and remains committed to shareholder returns through dividends and buybacks. Diamondback Energy surpassed expectations with EPS of $3.64 and strong production. Devon Energy exceeded estimates with EPS of $1.16, benefiting from strong production in the Delaware Basin. Despite challenges in the sector, these companies stand out for their operational excellence and shareholder focus.



Read more at Zacks Investment Research: Upstream Energy Companies to Watch Following Q4 Earnings Beat – March 31, 2025