May 1(Reuters) - EOG Resources ( EOG ) beat estimates

for first-quarter profit on Thursday, as the company benefited

from higher natural gas prices and production, but reduced its

capital expenditure plan for the year on tariff uncertainty.

Benchmark price for natural gas during the quarter jumped

63.4% year-over-year at $3.66 per thousand cubic feet(Mcf),

while total quarterly production rose 4.8% to 98.1 million

barrels of oil equivalent (MMBoe) the company said.

Average natural gas prices have been on an upward

trajectory over the past few quarters and touched a two-year

high on March 10, supported by record flows to liquefied natural

gas (LNG) export facilities and concerns over supply in the

lead-up to the summer season.

The Houston, Texas-based EOG said it was reducing 2025

capital expenditure plan by $200 million to between $5.8 billion

to $6.2 billion, "on potential near-term impacts on global

demand due to ongoing discussions regarding tariffs."

U.S. President Donald Trump's expansive tariffs has

heightened uncertainty in the oil and gas industry as it stoked

worries over global economic growth and its impact on demand for

energy.

EOG said as a result of the reduction it expects to maintain

oil production at first quarter levels for the balance of the

year and deliver a total production growth of 5%.

The company reported an adjusted profit of $2.87 per share

for the quarter ended March 31, compared with analysts' average

estimate of $2.79, according to data compiled by LSEG.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Sriraj

Kalluvila)