EOG Resources is experiencing a sharp cyclical recovery, with 2026Q2 revenue surging 61% year-over-year to $8.6B and EPS reaching $5.15, driven by higher commodity prices and operational leverage.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rebounded 61% year-over-year to $8.6B in 2026Q2, with operating margin expanding to 40.9%, though gross margin volatility (63.6% vs. 97.7% in 2024Q4) warrants monitoring.
EOG Resources has a strong competitive advantage, as highlighted by its robust business model and financials.
EOG's focus on premium drilling locations in the Eagle Ford and Delaware Basin, along with the emerging Utica Combo play, positions it for long-term growth.
The company has demonstrated a commitment to shareholder returns, including a significant increase in share repurchase authorization to $20 billion.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $4.87+8.9% vs $4.47 | $8.5B+17.8% vs $7.3B |
Q3 2026 Aug 4, 2026 | $5.07+2.0% vs $4.97 | $8.6B+7.1% vs $8.0B |
Q2 2026 May 5, 2026 | $3.41+5.6% vs $3.23 | $6.9B+11.9% vs $6.2B |
Q1 2026 Feb 24, 2026 | $2.27+3.2% vs $2.20 | $5.6B-2.2% vs $5.8B |
EOG Resources NYSE: EOG reported record oil, natural gas liquids and natural gas production in the third quarter of 2026 and raised its regular dividend by 8% for 2027, as executives outlined plans for modest oil growth and further investment in gas infrastructure.
EOG Resources' Q3 earnings surged 79.7% on record production and higher commodity prices, driving robust cash flow and an 8% dividend hike.
EOG Resources, Inc. ( EOG ) Q3 2026 Earnings Call November 6, 2026 10:00 AM EST Company Participants Pearce Hammond - Vice President of Investor Relations Ezra Yacob - CEO & Chairman Ann Janssen - Executive VP & CFO Jeffrey Leitzell - Executive VP & COO Jeffrey Hibbard - Senior Vice President of Finance Keith Trasko - Senior Vice President of Exploration & Production Conference Call Participants Neil Mehta - Goldman Sachs Group, Inc., Research Division Stephen Richardson - Evercore ISI Institutional Equities, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Phillip Jungwirth - BMO Capital Markets Equity Research Scott Hanold - RBC Capital Markets, Research Division Leo Mariani - ROTH Capital Partners, LLC, Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division Bob Brackett - Bernstein Institutional Services LLC, Research Division Kevin MacCurdy - Pickering Energy Partners Insights Joshua Silverstein - UBS Investment Bank, Research Division Presentation Operator Good day, everyone, and welcome to the EOG Resources Third Quarter 2026 Earnings Results Conference Call. As a reminder, this call is being recorded.
If you are watching energy prices rise, remember that they also fall.
Benchmark EOG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for EOG Resources, Inc. (EOG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $147.13 | $78.37B | 16.15 | -3.47% | 22.07% | 16.83% | 2.72% | |
| $42.21 | $29.56B | 10.05 | 7.83% | 16.67% | 14.9% | 2.33% | |
| $178.96 | $50.34B | 31.23 | 36.31% | 11.67% | 4.97% | 2.23% | |
| $44.63 | $15.78B | 11.19 | -8.39% | 18.99% | 22.97% | 2.25% | |
| $32.56 | $24.72B | 14.47 | 40.07% | 21.68% | 11.26% | 2.75% | |
| $136.27 | $166.02B | 21.46 | 7.51% | 14.87% | 14.32% | 2.34% |
EOG Resources, Inc. (EOG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
EOG Resources, Inc. (EOG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
Jul 9, 2026·SEC
May 21, 2026·SEC
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EOG Resources, Inc. (EOG) stock FAQ — growth, dividends, profitability & financials explained
EOG Resources, Inc. (EOG) reported $26.75B in revenue over the trailing twelve months. Revenue was $22.57B in fiscal year 2025. That is 2989% more than the $730.6M of fiscal year 1996.
EOG Resources, Inc. (EOG) revenue fell by 3.5% in fiscal year 2025, compared with the prior fiscal year.
Yes. EOG Resources, Inc. (EOG) earned $6.88B in net income over the trailing twelve months (a 25.7% net margin).
Yes. EOG Resources, Inc. (EOG) pays a dividend that yields 2.72% at the current price, a moderate yield.
EOG Resources, Inc. (EOG) had a return on equity (ROE) of 16.8% in fiscal year 2025. That is above the market's typical 10-15%.
EOG Resources, Inc. (EOG) generated $6.73B in free cash flow over the trailing twelve months.
