EOG Resources (NYSE: EOG) reported earnings on May 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), EOG Resources beat expectations on revenues and crushed expectations on earnings per share.

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

Margins grew across the board.

Revenue details
 EOG Resources recorded revenue of $3.36 billion. The seven analysts polled by S&P Capital IQ expected to see revenue of $3.12 billion on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $2.60 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 $1.80. The 29 earnings estimates compiled by S&P Capital IQ anticipated $1.18 per share. Non-GAAP EPS of $1.80 for Q1 were 54% higher than the prior-year quarter's $1.17 per share. GAAP EPS of $1.82 for Q1 were 52% higher than the prior-year quarter's $1.20 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 86.4%, much better than the prior-year quarter. Operating margin was 26.4%, 750 basis points better than the prior-year quarter. Net margin was 14.7%, 230 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $3.26 billion. On the bottom line, the average EPS estimate is $1.35.

Next year's average estimate for revenue is $13.43 billion. The average EPS estimate is $6.00.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 843 members out of 874 rating the stock outperform, and 31 members rating it underperform. Among 199 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give EOG Resources a green thumbs-up, and nine 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 $145.82.

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