EOG Resources (NYSE: EOG) reported earnings on Thursday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), EOG Resources beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.

Gross margins dropped, operating margins grew, and net margins increased.

Revenue details
EOG Resources chalked up revenue of $2.91 billion. The seven analysts polled by S&P Capital IQ expected revenue of $2.65 billion on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $2.22 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.16. The 27 earnings estimates compiled by S&P Capital IQ predicted $0.93 per share. GAAP EPS of $1.47 for Q2 were 34% higher than the prior-year quarter's $1.10 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 57.8%, 590 basis points worse than the prior-year quarter. Operating margin was 22.2%, 310 basis points better than the prior-year quarter. Net margin was 15.2%, 190 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.59 billion. On the bottom line, the average EPS estimate is $0.99.

Next year's average estimate for revenue is $10.88 billion. The average EPS estimate is $4.45.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 847 members rating the stock outperform and 35 members rating it underperform. Among 216 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 206 give EOG Resources a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EOG Resources is outperform, with an average price target of $128.59.

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