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EOG Resources (EOG) stock

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NYSE: EOG NYSE Oil & Gas Exploration & Production Next results ~November 5, 2026

B+ Fundamentals grade

EOG Resources is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

EOG Resources valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter EOG Resources files

Where EOG Resources stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $27.0bn, up 19.1% on a year earlier, faster than 2.8% a quarter earlier. Free-cash-flow margin rose to 26.6% from 22.4% a year earlier. The diluted share count is down 3.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 6 financial-health checks. At that price, our model says the market is pricing in cash flow shrinking about 1.6% a year for five years, slower than the 7.7% a year revenue growth it has delivered.

Our model value for EOG Resources is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

EOG Resources's trailing-twelve-month revenue grew 19.1% year on year, with a free-cash-flow margin of 26.6%. Where it stands out: change in growth rate of +16.3pp ranks 8 of 57 oil & gas exploration & production companies we cover.

Our discounted-cash-flow model values the business at ~$250 per share in the base case (~$180–$330 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 41.6% while net income grew 20.0%: a 22pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 19.1% over the last 12 months, against a median of 10.6% for oil & gas exploration & production companies we cover.
  • Growth speeding up. The growth rate is 16.3 points higher than a quarter earlier.
  • High operating margin. 32.9% of revenue is left as operating profit, against a median of 19.9% for oil & gas exploration & production companies we cover.
  • Strong cash generation. 26.6% of revenue turned into free cash flow, against a median of 23.2% for oil & gas exploration & production companies we cover.
  • Shrinking share count. Diluted shares fell 3.5% in a year, so each share owns more of the business.

Things to watch

  • Insiders selling. 5 insiders sold $11M of stock over the past 365 days and none bought (20% under pre-set trading plans).
  • Earnings expected to fall. The consensus expects earnings per share to fall 10% next year.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$5.07 against an average estimate of $4.97: beat by 2.1%
Revenue
$8.62bn, up 57.4% on a year earlier
Share reaction
+2.7% in the first session after the results on October 8, 2026, against +0.2% for the S&P 500
Next report
November 5, 2026; average EPS estimate $4.44

EOG Resources' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.6%
  • 1 week-3.5%
  • 1 month+12.4%
  • This year+55.1%
  • 1 year+53.9%
  • 5 years+120.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$27B
Operating margin
32.9%
Net margin
25.4%
EPS (TTM, diluted)
$12.80

Growth

Revenue growth
+19.1%
Change in growth rate
+16.3 pts
Share count change
−3.5%

Cash

Free cash flow (TTM)
$7.2B
FCF margin
26.6%
Stock pay % of revenue
0.9%

Earnings

Last results
October 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Leadership
  4. Insider trade
  5. Insider trade
  6. Results
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

EOG Resources valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

Our value per share comes from a discounted-cash-flow model of EOG Resources's free cash flow after stock-based pay ( $6.6B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value EOG Resources as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.51 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: This model is withheld pending its input or assumption review.
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$250 ~$180–$330 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$120 ~$93–$190 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$330 ~$240–$470 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$330 ~$270–$430 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare EOG Resources with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$50.57$72.84$78.29$63.68$61.88$37.97$71.63$112.37$110.09$114.83$101.77$157.89
Market value$27.6bn$40.3bn$45.3bn$37.0bn$36.0bn$22.0bn$41.8bn$66.0bn$64.3bn$65.3bn$55.6bn$84.8bn
+ Net debt (− = net cash)$5.9bn$5.4bn$5.6bn$4.5bn$3.1bn$2.5bn−$100m−$894m−$1.5bn−$2.3bn$4.5bn$3.0bn
Enterprise value$33.5bn$45.7bn$50.9bn$41.5bn$39.1bn$24.5bn$41.7bn$65.1bn$62.8bn$63.0bn$60.1bn$87.8bn
Multiples
Price / sales 3.2x5.3x4.0x2.1x2.1x2.0x2.2x2.6x2.7x2.8x2.5x3.1x
Price / earnings ——17.5x10.8x13.1x—9.0x8.5x8.5x10.2x11.2x12.3x
Price / free cash flow ——144.1x19.2x17.9x12.5x8.1x10.2x10.8x9.6x14.1x11.8x
EV / EBITDA —19.6x11.7x5.2x5.2x8.6x4.3x4.8x4.8x5.2x5.5x6.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

86 /100

Strong moat

How hard EOG Resources's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 12.2% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median 28.9%; its worst year was -0.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 19.6% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.6% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $7.2bn and EPS of $4.44 (range $3.51 to $5.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $17.99 +77% $29.9bn +32%
Next $16.21 −10% $26.9bn −10%

Next year's EPS estimate has moved +10.3% in 90 days, across 30 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.9% on 90 days ago. In the last 30 days, 15 analysts raised EOG Resources's forecast and 1 cut it.

Consensus EPS forecast EOG Resources, last 90 days
$14.00 $15.00 $16.00 $17.00 $18.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $16.67 Current fiscal year, 60 days ago: $16.57 Current fiscal year, 30 days ago: $17.01 Current fiscal year, 7 days ago: $17.86 Current fiscal year, Now: $17.99 $17.99 Next fiscal year, 90 days ago: $14.70 Next fiscal year, 60 days ago: $14.41 Next fiscal year, 30 days ago: $14.91 Next fiscal year, 7 days ago: $16.09 Next fiscal year, Now: $16.21 $16.21

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $16.67$14.70
60 days ago $16.57$14.41
30 days ago $17.01$14.91
7 days ago $17.86$16.09
Now $17.99$16.21

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $4.97 $5.07 +2.1%
Mar 2026 $3.21 $3.41 +6.2%
Dec 2025 $2.20 $2.27 +3.4%
Sept 2025 $2.45 $2.71 +10.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in EOG Resources's latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows EOG Resources's revenue by +6.0% next year and +1.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.0%, weight 70%) and the company's own record (+8.1%, weight 30%) . How the weights are set.

Analyst recommendations

33 analysts, Oct 2026
Buy1133%
Hold2267%
Sell00%

Monthly trend

  1. Oct 2026102233
  2. Sep 2026102132
  3. Aug 2026101930
  4. Jul 2026121730

Counts of recommendations published by analysts covering EOG Resources, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.7%
of tradable shares
Days to cover
5.5
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
98%
of shares
Held by insiders
0.3%
of shares
Employees
3,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +53.9%

$102.58 on October 31, 2025 to $157.89

ThenNowEffect
Revenue (last 12 months) $22.7bn $27.0bn +19.1%
Net margin 25.3% 25.4% +0.7%
P/E multiple 10.0x 12.3x +23.9%
Share count 557m 537m +3.6%

Biggest factor: p/e multiple.

Last 3 years +37.1%

$115.18 on November 3, 2023 to $157.89

ThenNowEffect
Revenue (last 12 months) $25.9bn $27.0bn +4.2%
Net margin 33.6% 25.4% −24.2%
P/E multiple 7.8x 12.3x +59.1%
Share count 586m 537m +9.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
EOG+89%+57%−2%+4%−11%+55%
Industry peers (median)+86%+54%−8%+1%−15%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
EOG75%67%50%58%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
EOG−25%−33%−25%−14%−24%−14%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 77% from October 9, 2018 to March 18, 2020. Getting back needed a 337% gain, reached on March 7, 2022, 719 days after the low.

Price behaviour

52-week range
$98.64 – $165.54
From 52-week high
−4.6%
vs 50-day average
+6.4%
vs 200-day average
+16.5%
Volatility (1 year)
30%
Beta vs S&P 500
-0.74

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±2.3%
After a week
6 up, 6 down
typical move ±3.0%
After a month
6 up, 5 down
typical move ±5.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 8, 2026 +2.7% +0.2% +5.8% —
August 4, 2026 −7.9% +1.6% −1.6% +2.3%
July 9, 2026 −2.5% +1.3% +0.6% −1.3%
May 5, 2026 −4.9% +2.2% −5.3% −0.5%
April 9, 2026 −2.1% +0.5% −2.8% −5.8%
February 24, 2026 +0.2% +1.6% +4.7% +17.1%
January 12, 2026 +3.0% 0.0% +2.2% +13.8%
November 6, 2025 +0.2% −1.0% +3.9% +5.2%
October 8, 2025 +1.3% +0.3% −1.6% −4.0%
August 7, 2025 −0.3% +0.7% +2.7% +0.9%
July 9, 2025 −1.8% +0.9% −4.2% −5.7%
May 1, 2025 +0.5% +2.2% −0.6% +0.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

EOG Resources in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) EOG Resources
$22B $24B $26B $28B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $24.5B Revenue (TTM), FY23 Q4: $24.2B Revenue (TTM), FY24 Q1: $24.3B Revenue (TTM), FY24 Q2: $24.7B Revenue (TTM), FY24 Q3: $24.5B Revenue (TTM), FY24 Q4: $23.7B Revenue (TTM), FY25 Q1: $23.2B Revenue (TTM), FY25 Q2: $22.7B Revenue (TTM), FY25 Q3: $22.6B Revenue (TTM), FY25 Q4: $22.6B Revenue (TTM), FY26 Q1: $23.9B Revenue (TTM), FY26 Q2: $27B $27B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $24.5B
FY23 Q4 $24.2B
FY24 Q1 $24.3B
FY24 Q2 $24.7B
FY24 Q3 $24.5B
FY24 Q4 $23.7B
FY25 Q1 $23.2B
FY25 Q2 $22.7B
FY25 Q3 $22.6B
FY25 Q4 $22.6B
FY26 Q1 $23.9B
FY26 Q2 $27B
Revenue growth, TTM YoY EOG Resources
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -1.9% Revenue growth, TTM YoY, FY23 Q4: -5.9% Revenue growth, TTM YoY, FY24 Q1: -12.6% Revenue growth, TTM YoY, FY24 Q2: -4.7% Revenue growth, TTM YoY, FY24 Q3: -0.3% Revenue growth, TTM YoY, FY24 Q4: -2.0% Revenue growth, TTM YoY, FY25 Q1: -4.2% Revenue growth, TTM YoY, FY25 Q2: -8.2% Revenue growth, TTM YoY, FY25 Q3: -7.7% Revenue growth, TTM YoY, FY25 Q4: -4.5% Revenue growth, TTM YoY, FY26 Q1: 2.8% Revenue growth, TTM YoY, FY26 Q2: 19.1% 19.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -1.9%
FY23 Q4 -5.9%
FY24 Q1 -12.6%
FY24 Q2 -4.7%
FY24 Q3 -0.3%
FY24 Q4 -2.0%
FY25 Q1 -4.2%
FY25 Q2 -8.2%
FY25 Q3 -7.7%
FY25 Q4 -4.5%
FY26 Q1 2.8%
FY26 Q2 19.1%
Operating margin (TTM) EOG Resources
25% 30% 35% 40% 45% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 40.5% Operating margin (TTM), FY23 Q4: 39.7% Operating margin (TTM), FY24 Q1: 38.3% Operating margin (TTM), FY24 Q2: 38.3% Operating margin (TTM), FY24 Q3: 36.8% Operating margin (TTM), FY24 Q4: 34.1% Operating margin (TTM), FY25 Q1: 33.0% Operating margin (TTM), FY25 Q2: 32.1% Operating margin (TTM), FY25 Q3: 31.2% Operating margin (TTM), FY25 Q4: 28.2% Operating margin (TTM), FY26 Q1: 29.8% Operating margin (TTM), FY26 Q2: 32.9% 32.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 40.5%
FY23 Q4 39.7%
FY24 Q1 38.3%
FY24 Q2 38.3%
FY24 Q3 36.8%
FY24 Q4 34.1%
FY25 Q1 33.0%
FY25 Q2 32.1%
FY25 Q3 31.2%
FY25 Q4 28.2%
FY26 Q1 29.8%
FY26 Q2 32.9%
FCF margin (TTM) EOG Resources
15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 26.2% FCF margin (TTM), FY23 Q4: 24.6% FCF margin (TTM), FY24 Q1: 22.3% FCF margin (TTM), FY24 Q2: 24.4% FCF margin (TTM), FY24 Q3: 28.7% FCF margin (TTM), FY24 Q4: 28.7% FCF margin (TTM), FY25 Q1: 27.0% FCF margin (TTM), FY25 Q2: 22.4% FCF margin (TTM), FY25 Q3: 19.4% FCF margin (TTM), FY25 Q4: 17.4% FCF margin (TTM), FY26 Q1: 18.8% FCF margin (TTM), FY26 Q2: 26.6% 26.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 26.2%
FY23 Q4 24.6%
FY24 Q1 22.3%
FY24 Q2 24.4%
FY24 Q3 28.7%
FY24 Q4 28.7%
FY25 Q1 27.0%
FY25 Q2 22.4%
FY25 Q3 19.4%
FY25 Q4 17.4%
FY26 Q1 18.8%
FY26 Q2 26.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar EOG Resources took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $22.6B
  2. Selling, general and admin $820M · 3.6%
  3. Other operating costs $15.4B · 68.2%
  4. Operating income $6.4B · 28.2%
  5. Income tax $1.4B · 6.1%
  6. Net income $5B · 22.0%

Shares of revenue. Source: EOG Resources's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 4.8 6.1 10.1 11.7 14.5 18.0 8.8 7.7 11.2 17.3 17.4 11.0 18.6 25.7 24.2 23.7 22.6 27.0
EBITDA 2.5 2.5 4.6 4.6 7.3 9.2 −3.4 2.3 4.3 7.9 7.4 2.9 9.8 13.5 13.1 12.2 10.8 13.8
Operating income 1.0 0.5 2.1 1.5 3.7 5.2 −6.7 −1.2 0.9 4.5 3.7 −0.5 6.1 10.0 9.6 8.1 6.4 8.9
Net income 0.5 0.2 1.1 0.6 2.2 2.9 −4.5 −1.1 2.6 3.4 2.7 −0.6 4.7 7.8 7.6 6.4 5.0 6.9
Diluted EPS $1.08 $0.32 $4.10 $1.05 $4.02 $5.32 −$8.29 −$1.98 $4.46 $5.89 $4.71 −$1.04 $7.99 $13.22 $13.00 $11.25 $9.12 $12.80
Growth (year on year)
Revenue −32.8% +27.4% +66.0% +15.4% +24.0% +24.5% −51.4% −12.6% +46.5% +54.1% +0.6% −36.5% +69.0% +37.9% −5.9% −2.0% −4.5% +19.1%
EBITDA −50.5% −2.2% +87.8% +0.4% +56.5% +27.0% −136.5% — +86.2% +82.3% −5.8% −61.7% +241.5% +38.5% −3.1% −6.9% −11.0% +20.6%
Operating income −74.2% −46.1% +303.8% −30.0% +148.4% +42.6% −227.6% — — +382.4% −17.2% −114.7% — +63.3% −3.6% −15.8% −21.0% +22.2%
Net income −77.6% −70.6% +579.2% −47.7% +285.3% +32.7% −255.2% — — +32.4% −20.0% −122.1% — +66.4% −2.1% −15.7% −22.2% +20.0%
Diluted EPS −77.7% −71.0% +>999% −74.4% +282.9% +32.3% −255.8% — — +32.1% −20.0% −122.1% — +65.5% −1.7% −13.5% −18.9% +24.3%
Margins
EBITDA margin 52.6% 40.4% 45.7% 39.8% 50.2% 51.2% −38.5% 30.4% 38.7% 45.8% 42.9% 25.9% 52.3% 52.6% 54.1% 51.4% 47.9% 50.9%
Operating margin 20.3% 8.6% 20.9% 12.7% 25.4% 29.1% −76.3% −16.0% 8.3% 25.9% 21.3% −4.9% 32.7% 38.8% 39.7% 34.1% 28.2% 32.9%
Net margin 11.4% 2.6% 10.8% 4.9% 15.2% 16.2% −51.7% −14.3% 23.0% 19.8% 15.7% −5.5% 25.0% 30.2% 31.4% 27.0% 22.0% 25.4%
Free-cash-flow margin −5.3% −41.0% −16.9% −12.8% 4.4% 6.3% −12.9% −1.7% 2.8% 11.2% 11.6% 16.0% 27.6% 25.2% 24.6% 28.7% 17.4% 26.6%
Cash flow
Cash from operations 2.9 2.7 4.6 5.2 7.3 8.6 3.6 2.4 4.3 7.8 8.2 5.0 8.8 11.1 11.3 12.1 10.0 13.4
Capital spending 3.2 5.2 6.3 6.7 6.7 7.5 4.7 2.5 4.0 5.8 6.2 3.2 3.6 4.6 5.4 5.4 6.1 6.2
Free cash flow −0.3 −2.5 −1.7 −1.5 0.6 1.1 −1.1 −0.1 0.3 1.9 2.0 1.8 5.2 6.5 6.0 6.8 3.9 7.2
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.2 0.2 0.2
Free cash flow after stock pay −0.3 −2.6 −1.8 −1.6 0.5 1.0 −1.3 −0.3 0.2 1.8 1.8 1.6 5.0 6.3 5.8 6.6 3.7 7.0
Balance sheet
Cash 0.7 0.8 0.6 0.9 1.3 2.1 0.7 1.6 0.8 1.6 2.0 3.3 5.2 6.0 5.3 7.1 3.4 4.9
Total debt 2.8 5.3 5.0 6.3 5.9 5.9 6.7 7.0 6.4 6.1 5.2 5.8 5.1 5.1 3.8 4.8 7.9 7.9
Net debt (negative = net cash) 2.1 4.5 4.4 5.4 4.6 3.8 5.9 5.4 5.6 4.5 3.1 2.5 −0.1 −0.9 −1.5 −2.3 4.5 3.0
Diluted shares 504m 509m 533m 542m 546m 549m 546m 553m 579m 580m 581m 579m 584m 587m 584m 569m 546m 537m
Returned to shareholders
Dividends 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.6 0.8 2.7 5.1 3.4 2.1 2.2 2.2
Buybacks 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.1 1.0 3.2 2.6 2.9
Total returned 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.5 0.4 0.5 0.6 0.8 2.7 5.3 4.4 5.3 4.7 5.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $54.8bn
Short-term assets $9.9bnLonger-term assets $44.9bn
What it owes, and who funded it · $37.2bn
Short-term liabilities $5.3bnShareholders' equity $31.9bn
  • Short-term assets cover short-term liabilities $9.9bn of assets due within a year against $5.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $4.9bn of cash against $7.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 25% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 23% to 25% over five years.
  • A year's operating cash flow covers at least 20% of debt $13.4bn of operating cash flow against $7.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $8.9bn against $270m of interest.

From EOG Resources's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$2.9B
Dividends (TTM)
$2.2B
Returned to shareholders
70%
of free cash flow
Buybacks, last 3 fiscal years
$6.8B
Diluted share count
−3.5%
year over year
Total shareholder yield
6.0%
dividends 2.6% + buybacks 3.4% of market value
Dividend payout ratio
32%
of net income paid out
Days sales outstanding
48 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated EOG CNQ CVE DVN SU FANG Median
Revenue, last 12 months $27.0bn $27.8bn $35.6bn $19.7bn $37.5bn $17.1bn $1.4bn
Revenue growth, last 12 months 19.1% 6.6% −10.2% 14.6% −6.4% 21.4% 10.6%
Revenue growth, 3-year average 1.4% — — 5.0% — 27.2% 1.4%
Revenue growth, latest quarter 57.4% — — 73.1% — 51.2% 31.5%
Operating margin 32.9% — — 22.5% — 6.3% 21.1%
Operating margin, 3-year average 34.4% — — −48.4% — 31.1% 16.5%
Net margin 25.4% 27.9% 7.9% 16.7% 11.3% 8.6% 10.1%
Cash from operations / revenue 49.4% 39.0% 16.6% 43.5% — 59.3% 42.4%
Free-cash-flow margin 26.6% 14.8% −4.0% 23.9% — 42.8% 19.3%
Free-cash-flow margin, 3-year average 24.5% 19.8% — 20.7% — 19.1% 19.1%
Stock pay / revenue 0.9% 0.5% — 0.7% 0.0% 0.8% 1.5%
Change in share count −3.5% −2.0% −2.3% 9.9% −4.4% 3.0% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth 19.1% 10.6% 21 of 57
Change in growth rate Growth +16.3pp +4.9pp 8 of 57
Operating margin Profitability 32.9% 19.9% 10 of 42
Net margin Profitability 25.4% 10.1% 12 of 57
Free-cash-flow margin Cash generation 26.6% 23.2% 21 of 51
Stock pay as % of revenue Cash generation 0.9% 1.2% 14 of 47
Long-term debt as % of assets Balance sheet 14.4% 17.6% 14 of 43
Change in share count Balance sheet -3.5% 0.4% 8 of 48
Days sales outstanding Balance sheet 48 days 41 days 26 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
United States of America $22.3B 98.4% ▼ 4.8%
Trinidad $359M 1.6% ▲ 15.4%
Other International $4M 0.0% —
Products and services
Line of business Revenue Share YoY
Oil and Condensate $12.5B 55.4% ▼ 10.2%
Natural Gas Gathering Transportation Marketing and Processing $4.9B 21.8% ▼ 15.3%
Natural Gas Production $2.8B 12.4% ▲ 79.9%
Natural Gas Liquids Reserves $2.4B 10.5% ▲ 12.8%

From EOG Resources's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$65.7B
Institutions reporting
1,618
Shares held vs prior quarter
▼ 0.7%
Positions opened / closed
148 / 127

Top buyers and sellers, Q2 2026: 817 institutions bought and 707 sold ; the biggest buyer was Capital World Investors (+3.6M shares) and the biggest seller Capital Research Global Investors (−4.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Capital World Investors $7.2B 55.5M 10.9% ▲ 6.9%
Blackrock, Inc. $5.9B 45.5M 9.0% ▲ 2.9%
Vanguard Capital Management LLC $4.5B 34.8M 6.9% ▼ 0.7%
State Street Corp $4.4B 34.0M 6.7% ▲ 0.1%
Jpmorgan Chase & Co $3.7B 28.2M 5.7% ▼ 11.3%
Capital Research Global Investors $2.8B 21.5M 4.2% ▼ 17.4%
Charles Schwab Investment Management Inc $2.3B 17.6M 3.5% ▲ 8.3%
Vanguard Portfolio Management LLC $1.7B 13.4M 2.6% ▲ 0.4%
Geode Capital Management, LLC $1.6B 12.7M 2.5% ▼ 0.6%
Ameriprise Financial Inc $1.2B 9.3M 1.8% ▼ 12.2%
Franklin Resources Inc $919M 7.1M 1.4% ▼ 9.4%
Morgan Stanley $901M 6.9M 1.4% ▲ 2.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not EOG Resources's complete shareholder register. Values are as reported by the filers ; 6 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $10.8M 12 trades by 5 insiders · 21% under pre-set plans
Net ▼ $10.8M net selling
Insider Date Trade Shares Price Value
Leitzell Jeffrey R. EVP & COO September 25, 2026 Sell pre-set plan 9,039 $140.61 $1.3M
Donaldson Michael P EVP & Chief Legal Officer September 11, 2026 Sell 7,336 $148.00 $1.1M
Yacob Ezra Y Chairman & CEO August 24, 2026 Sell 35,942 $152.10 $5.5M
Crisp Charles R Director May 28, 2026 Sell 1,887 $136.17 $256,953
Leitzell Jeffrey R. EVP & COO March 31, 2026 Sell 5,698 $150.32 $856,523
Janssen Ann D. EVP & Chief Financial Officer March 19, 2026 Sell 4,161 $140.04 $582,706
Janssen Ann D. EVP & Chief Financial Officer March 12, 2026 Sell 1,422 $133.76 $190,207
Janssen Ann D. EVP & Chief Financial Officer March 12, 2026 Sell 1,175 $134.99 $158,607
Leitzell Jeffrey R. EVP & COO March 3, 2026 Sell pre-set plan 2,000 $130.00 $260,000
Leitzell Jeffrey R. EVP & COO March 2, 2026 Sell pre-set plan 1,774 $126.57 $224,535
Leitzell Jeffrey R. EVP & COO February 19, 2026 Sell pre-set plan 2,000 $125.00 $250,000
Leitzell Jeffrey R. EVP & COO December 31, 2025 Sell pre-set plan 2,000 $105.68 $211,360

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 32 trades and filings

In the last 12 months, 2 members of Congress disclosed 1 purchase and 3 sales of EOG Resources shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $15,001 - $50,000, traded February 10, 2026, filed March 9, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded December 18, 2025, filed January 15, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

  • October 8, 2026
  • August 4, 2026
  • July 9, 2026
  • May 5, 2026
  • April 9, 2026
  • February 24, 2026

Recent SEC filings

Data status

When each part of this page on EOG Resources was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

EOG Resources in brief

What does EOG Resources do?
EOG Resources is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is EOG Resources's stock ticker?
EOG Resources trades under the ticker EOG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is EOG Resources's revenue, and how fast is it growing?
Over its most recent trailing twelve months, EOG Resources reported revenue of $27B, 19.1% higher than a year earlier, according to its SEC filings.
What is EOG Resources's free cash flow?
EOG Resources's free-cash-flow margin is 26.6% of revenue over the trailing twelve months, ranking 21 of the 51 oil & gas exploration & production companies we cover.
Who are EOG Resources's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Capital World Investors, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is EOG Resources buying back stock, and does it pay a dividend?
EOG Resources spent $2.9B on share repurchases over the trailing twelve months, and its diluted share count fell 3.5% over the year.
What is EOG Resources's market cap?
On November 2, 2026, EOG Resources's market capitalisation was about $84.8B, with a price-to-earnings ratio of 12.3 and net debt of $3B. Market figures come from third-party market data and may be delayed.
Does EOG Resources pay a dividend?
Yes: EOG Resources paid $2.2B in dividends over the trailing twelve months, a dividend yield of 2.61% and a payout ratio of 31.7%.
How much debt does EOG Resources have?
EOG Resources's debt-to-equity ratio is 24.9%, from its latest balance sheet (22.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are EOG Resources's competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to EOG Resources are Canadian Natural Resources Ltd, Cenovus Energy Inc., Devon Energy, Suncor Energy Inc and Diamondback Energy. The side-by-side comparison below sets their revenue, margins and growth against EOG Resources's.
Are insiders buying or selling EOG Resources stock?
Over the last 12 months, EOG Resources's directors and officers reported 0 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is EOG Resources's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — EOG Resources announces its own schedule.