US Shale Swings To Record Cash Flows -- Fitzsimmons On EOG -- May 9, 2022

Re-posting:

US shale swings from losses to record cash flows: previously posted, link to Tsvetana Paraskova.  

Fitzsimmons on EOG, link here:

• 1Q22
• "gushing FCF"
• a new "60% return" commitment

• EOG announced its Q1 EPS report Friday and delivered a whopping $2.4 billion in free cash flow.
• The company also announced a $1.80/share special dividend and a commitment to return 60% of FCF to shareholders on an annual basis.
• Meantime, the stellar balance sheet has a net-debt to capital ratio of only 4.8%.
• EOG's forward P/E is only 8.4x. Add it all up and you arguably have a best-of-breed shale operator still trading at a very reasonable price.