Wednesday, August 4, 2021

EOG -- 2Q21 Earnings; MDU -- 2Q21 Earnings

MDU.

Link here.

Second quarter earnings of $100.2 million, or 50 cents per share, compared to second quarter 2020 earnings of $99.7 million, or 50 cents per share. For the six months ended June 30, MDU Resources earned $152.3 million, or 76 cents per share, compared to $124.8 million, or 62 cents per share, in 2020.

EOG.

Link here.

Second Quarter 2021 Highlights

  • Earned adjusted net income of $1.0 billion, or $1.73 per share
  • Generated over $1.0 billion of free cash flow
  • Capital expenditures below low end of guidance range driven by sustainable cost reductions
  • Increased full-year well cost reduction target to 7% from 5%
  • Oil production above high end of guidance range
  • Total per-unit cash operating costs 3% below guidance midpoint
  • Achieved strong ESG performance in 2020 driven by technology and innovation, positioning EOG ahead of pace to meet near-term ESG targets

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