EOG

MKT CAP:$71B

EOG Resources, Inc.

Market Cap

$71B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Energy·Oil & Gas Exploration & Production·🇺🇸·NYSE

Stock Price

$132.74+$25.47 (+23.74%)

Apr 24, 2026

Company Details

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the R...

CEO

Ezra Y. Yacob

IPO Date

Oct 4, 1989

Website

www.eogresources.com

Key Metrics TTM

Revenue

$22.6B

-3.5% YoY

Net Income

$5.0B

EPS (Diluted)

$9.11

Free Cash Flow

$3.6B

Revenue / Share

$41.85

Gross Margin

68.1%

Operating Margin

35.1%

Net Margin

22.1%

FCF Margin

15.8%

P/S

3.2x

P/E

14.3x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 24, 2026

$22.6B-3.5%EPS $9.11

Q4 2025

Feb 24, 2026

$5.6B-0.2%EPS $1.30

Q3 2025

Nov 6, 2025

$5.7B-2.3%EPS $2.70

Q2 2025

Aug 7, 2025

$5.4B-11.2%EPS $2.46

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$6.8B	$5.4B	$546M
Q2 22	$8.6B	$7.3B	$2.9B
Q3 22	$7.6B	$6.2B	$3.7B
Q4 22	$6.5B	$5.1B	$2.9B
Q1 23	$5.6B	$4.0B	$2.6B
Q2 23	$5.5B	$3.9B	$2.0B
Q3 23	$6.1B	$4.4B	$2.6B
Q4 23	$6.0B	$4.5B	$2.5B
Q1 24	$5.8B	$4.0B	$2.3B
Q2 24	$6.0B	$4.2B	$2.1B
Q3 24	$5.9B	$4.0B	$2.1B
Q4 24	$5.7B	$5.5B	$1.6B
Q1 25	$5.8B	$4.0B	$1.9B
Q2 25	$5.4B	$3.5B	$1.7B
Q3 25	$5.7B	$3.5B	$1.8B
Q4 25	$5.6B	$4.4B	$2.5B

Valuation

Quarter	P/S	P/E
Q1 22	3.1x	16.1x
Q2 22	2.5x	11.6x
Q3 22	2.4x	9.4x
Q4 22	2.5x	9.6x
Q1 23	2.5x	7.5x
Q2 23	2.6x	7.6x
Q3 23	3.0x	9.1x
Q4 23	2.9x	8.9x
Q1 24	3.2x	10.0x
Q2 24	3.0x	9.5x
Q3 24	2.9x	9.6x
Q4 24	2.9x	10.5x
Q1 25	3.0x	11.5x
Q2 25	2.8x	11.3x
Q3 25	2.7x	11.1x
Q4 25	2.5x	11.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$828M	-$181M
Q2 22	$2.0B	$624M
Q3 22	$4.8B	$3.6B
Q4 22	$3.4B	$2.1B
Q1 23	$3.3B	$1.6B
Q2 23	$2.3B	$756M
Q3 23	$2.7B	$1.2B
Q4 23	$3.1B	$1.6B
Q1 24	$2.9B	$1.1B
Q2 24	$2.9B	$1.2B
Q3 24	$3.6B	$2.1B
Q4 24	$2.8B	$1.4B
Q1 25	$2.3B	$806M
Q2 25	$2.0B	$239M
Q3 25	$3.1B	$1.4B
Q4 25	$2.6B	$1.1B

Capital Expenditures

Quarter	CapEx
Q1 22	$1.0B
Q2 22	$1.4B
Q3 22	$1.2B
Q4 22	$1.4B
Q1 23	$1.6B
Q2 23	$1.5B
Q3 23	$1.5B
Q4 23	$1.5B
Q1 24	$1.8B
Q2 24	$1.7B
Q3 24	$1.5B
Q4 24	$1.4B
Q1 25	$1.5B
Q2 25	$1.8B
Q3 25	$1.7B
Q4 25	$1.5B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+67.3%	+99.9%
Q2 22	+92.5%	+72.9%
Q3 22	+45.2%	+4.6%
Q4 22	+9.9%	+7.7%
Q1 23	-17.4%	-51.6%
Q2 23	-36.8%	-39.2%
Q3 23	-19.5%	-9.6%
Q4 23	-7.1%	-3.2%
Q1 24	+4.6%	+18.5%
Q2 24	+10.4%	+11.7%
Q3 24	-4.1%	+6.2%
Q4 24	-6.3%	+15.1%
Q1 25	+0.1%	+11.8%
Q2 25	-11.2%	-7.5%
Q3 25	-2.3%	+3.2%
Q4 25	-0.2%	-22.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$35M	0.5%
Q2 22	$30M	0.3%
Q3 22	$34M	0.4%
Q4 22	$34M	0.5%
Q1 23	$34M	0.6%
Q2 23	$35M	0.6%
Q3 23	$57M	0.9%
Q4 23	$51M	0.8%
Q1 24	$45M	0.8%
Q2 24	$45M	0.7%
Q3 24	$58M	1.0%
Q4 24	$51M	0.9%
Q1 25	$50M	0.9%
Q2 25	$53M	1.0%
Q3 25	$53M	0.9%
Q4 25	$60M	1.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$124M	$1.3B
Q2 22	$128M	$2.1B
Q3 22	$162M	$1.6B
Q4 22	$156M	$1.5B
Q1 23	$145M	$1.4B
Q2 23	$142M	$1.5B
Q3 23	$161M	$1.4B
Q4 23	$192M	$1.5B
Q1 24	$162M	$1.4B
Q2 24	$151M	$1.5B
Q3 24	$167M	$1.5B
Q4 24	$189M	$1.3B
Q1 25	$171M	$1.3B
Q2 25	$186M	$1.2B
Q3 25	$239M	$1.1B
Q4 25	$266M	—

Revenue Segments

Quarter	Gains (Losses) On Asset Dispositions, Net	Gains (Losses) On Mark-To-Market Commodity Derivative Contracts	Natural Gas Liquids	Natural Gas, Gathering, Transportation, Marketing and Processing	Natural Gas, Production	Oil and Condensate	Other, Net
Q3 22	-$21M	-$18M	$693M	$1.6B	$1.2B	$4.1B	$34M
Q4 22	—	$233M	$497M	$1.5B	$830M	$3.7B	$19M
Q2 23	-$9M	$101M	$409M	$1.5B	$334M	$3.3B	$21M
Q3 23	$35M	$43M	$501M	$1.5B	$417M	$3.7B	$21M
Q1 24	—	—	$513M	$1.5B	$382M	$3.5B	$26M

Revenue by Geography

Quarter	Other International	Trinidad And Tobago	United States
Q3 22	$1M	$111M	$7.5B
Q4 22	—	$58M	$6.7B
Q2 23	$1M	$52M	$5.5B
Q3 23	—	$48M	$6.2B
Q1 24	—	$63M	$6.1B
Q2 24	—	$69M	$6.0B
Q3 24	—	$84M	$5.9B
Q4 24	—	$95M	$5.5B
Q1 25	-$4M	$90M	$5.6B
Q2 25	$3M	$90M	$5.4B
Q3 25	$1M	$92M	$5.8B
Q4 25	—	$87M	$5.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$4.0B	$0	$4.0B
Q2 22	$3.1B	$0	$3.1B
Q3 22	$5.3B	$0	$5.3B
Q4 22	$6.0B	$0	$6.0B
Q1 23	$5.0B	$0	$5.0B
Q2 23	$4.8B	$0	$4.8B
Q3 23	$5.3B	$0	$5.3B
Q4 23	$5.3B	$0	$5.3B
Q1 24	$5.3B	$0	$5.3B
Q2 24	$5.4B	$0	$5.4B
Q3 24	$6.1B	$0	$6.1B
Q4 24	$7.1B	$0	$7.1B
Q1 25	$6.6B	$0	$6.6B
Q2 25	$5.2B	$0	$5.2B
Q3 25	$3.5B	$0	$3.5B
Q4 25	$3.4B	$0	$3.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	586M	+0.2%	+0.5%
Q2 22	588M	+0.3%	+0.7%
Q3 22	587M	-0.2%	+0.5%
Q4 22	588M	+0.2%	+0.5%
Q1 23	587M	-0.2%	+0.2%
Q2 23	584M	-0.5%	-0.7%
Q3 23	583M	-0.2%	-0.7%
Q4 23	581M	-0.3%	-1.2%
Q1 24	577M	-0.7%	-1.7%
Q2 24	572M	-0.9%	-2.1%
Q3 24	568M	-0.7%	-2.6%
Q4 24	561M	-1.2%	-3.4%
Q1 25	553M	-1.4%	-4.2%
Q2 25	546M	-1.3%	-4.5%
Q3 25	544M	-0.4%	-4.2%
Q4 25	539M	-0.9%	-3.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$2M	3K
Q2 22	$3M	3K
Q3 22	$3M	3K
Q4 22	$2M	3K
Q1 23	$2M	3K
Q2 23	$2M	3K
Q3 23	$2M	3K
Q4 23	$2M	3K
Q1 24	$2M	3K
Q2 24	$2M	3K
Q3 24	$2M	3K
Q4 24	$2M	3K
Q1 25	$2M	3K
Q2 25	$2M	3K
Q3 25	$2M	3K
Q4 25	$2M	3K

Revenue / Employee