UPDATE 1-EOG Q3 net slides, revenue misses Wall St estimate
* Q3 EPS 2 cents per share vs $6.20/share a year before
* Q3 revenue $1.01 bln vs Wall St estimate of $1.13 bln
* Output grew 4 pct, EOG increases 2009 forecast to 6 pct
SAN FRANCISCO, Nov 5 (Reuters) - EOG Resources Inc's (EOG.N) quarterly profit plunged as oil and gas prices tumbled from a year ago and revenue missed Wall Street estimates, while profit was ahead after accounting for trading contracts.
EOG also said on Thursday it grew third-quarter production by 4 percent and bumped up 2009 output expectations to 6 percent from 5.5 percent, while forecasting 2010 growth of 13 percent and lifting its liquids production growth target for next year to 50 percent from 20 percent.
Third-quarter profit was $4.2 million, or 2 cents per share, compared with $1.57 billion, or $6.20 per share, in the same quarter a year earlier. Revenue fell 69 percent to $1.01 billion.
Adjusting for trading contracts and other items, EOG made a profit of $203.9 million, or 81 cents per share.
Wall Street analysts, on average, had expected a profit of 66 cents per share on revenue of $1.13 billion, according to Thomson Reuters I/B/E/S. (Reporting by Braden Reddall in San Francisco; editing by Andre Grenon)
