US shale producer EOG Resources beats fourth-quarter profit estimates

Reuters

02/25

Feb 24 (Reuters) - EOG Resources EOG.N beat estimates for fourth-quarter profit on Tuesday, as a rise in output helped the U.S. oil and gas producer offset the impact of a drop in crude prices.

The Houston-based company posted an adjusted profit of $2.27 per share for the quarter ended December 31, compared with the analysts' average estimate of $2.19, according to data complied by LSEG.

(Reporting by Sumit Saha in Bengaluru; Editing by Shinjini Ganguli)

((Sumit.Saha@thomsonreuters.com;))

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