UPDATE 1 – EOG has quarterly loss, lowers output forecast

* Lowers 2010 output forecast

* EPS in-line with Wall Street

* Shares down 3 pct after-hours

HOUSTON, Nov 2 (BestGrowthStock) – EOG Resources Inc (EOG.N: )
reported a quarterly loss compared with a year-ago profit and
the U.S. exploration company lowered its production outlook for
the year, citing weak natural gas prices.

EOG said it now expects 2010 oil and gas production growth
of 9 percent, down from its August forecast for an increase of
13 percent.

EOG said its third-quarter loss was $70.9 million, or 28
cents per share, compared with a profit of $4.2 million or 2
cents.

Excluding one-time items, EOG had a profit of 18 cents a
share, matching the Wall Street consensus estimate of 18 cents
per share, according to Thomson Reuters I/B/E/S.

Shares of EOG fell to $95 after the close of regular
trading. The stock closed at $97.74 on the New York Stock
Exchange.
(Reporting by Anna Driver in Houston; Editing by Bernard
Orr)

UPDATE 1 – EOG has quarterly loss, lowers output forecast