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EOG Resources’ 2Q16 Cash Flow Estimates

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EOG Resources’ 2Q16 cash flow estimates

For 2Q16, Wall Street analysts expect EOG Resources (EOG) to report a cash flow of $0.96 per share, which is 41% lower than it was in 2Q15.

As shown in above chart, EOG Resources’ cash flow dropped steeply in 1Q15, mainly due to lower realized crude oil (USO) and natural gas (UNG) prices. In 2015, EOG Resources reported much lower cash flows than it had in preceding years. In 1Q16, EOG Resources reported a cash flow of $0.53 per share, its lowest since 2002. For 2Q16, Wall Street analysts expect EOG Resources to report a negative free cash flow of ~$0.21 per share.

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Other upstream players

Due to the steep downward trend in energy prices, most S&P 500 (SPY) energy companies have reported lower year-over-year cash flows. Range Resources (RRC), WPX Energy (WPX), and ConocoPhillips (COP) reported cash flows of $0.52 per share, $0.06 per share and $0.34 per share, respectively, in 1Q16.

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