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EOG Resources, Inc.

EOG Energy Oil & Gas E&P

EOG Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $22.6 billion, down 4.50% from fiscal 2024.

Revenue
+46.2%
EPS
+97.4%
Free cash flow
+162.4%
Total debt
+2.96%

Quarter to September 2026, against a year earlier

145.16 1.90 −1.29%
Market cap
$76.0B
P/E
9.3×
Fwd P/E
9.2×
Dividend yield
2.81%
F-score
4/9
Altman Z
3.27
Beneish M
−3.00
Dividend safety
58/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • United States
  • Trinidad
  • Other International

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 10.81
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 4 — 1 — — 1 2 — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 76,000.00
Revenue ttm 29,728.00
Net income ttm 8,186.00
Free cash flow ttm 14,060.00
Net debt Q 2,175.00
Valuation
P/E 9.32
Forward P/E 9.17
Price / sales 2.53
Forward P/S Powerpack
Price / FCF 10.06
Price / book 2.27
Financial health
Current ratio Q 1.90 (at or above 1.5: strong)
Debt / equity Q 0.24 (at or below 0.5: strong)
Interest coverage Q 53.52
Growth
Revenue growth Q +46.21% (above 0%: growing)
Operating income growth Q +95.32% (above 0%: growing)
EPS, this year +77.64% (at or above 15%: strong)
EPS, next year A −11.04% (below 0%: weak)
Revenue, next year A +32.11% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +14.28%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.6×, against a ten-year median of 3.0×; over the ten years it ranged from 1.3× in 2020 to 8.8× in 2016.
P/E against its own 10 years 13.00%
10-year low 10-year high
P/S against its own 10 years 15.03%
10-year low 10-year high
P/B against its own 10 years 26.95%
10-year low 10-year high
EV/Sales against its own 10 years 14.15%
10-year low 10-year high
EV/FCF against its own 10 years 8.61%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.81%
Annual rate
4.08
Payout ratio
26.4%
Growth, 2018–26
+23.4%/yr
  1. 0.76 ’18
  2. 1.02 ’19 +34
  3. 1.41 ’20 +39
  4. 1.61 ’21 +14
  5. 3.00 ’22 +86
  6. 3.30 ’23 +10
  7. 3.64 ’24 +10
  8. 3.95 ’25 +8
  9. 4.08 ’26 +3
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5,278 7,092 3,396 5,747
Receivables 2,716 2,650 2,681 3,955
Inventory 1,275 985 1,014 938
Other 666 503 565 607
9,935 11,230 7,656 11,247
2023 2024 2025 Q'26
Payables 2,437 2,464 2,904 3,364
ST’ Debt 34 532 27 28
Other 286 497 445 —
4,074 5,354 4,691 5,924

Compound Annual Growth %

10y 5y 3y
Sales 9.96% 15.46% (4.15%)
Cash Flow 10.82% 14.93% (3.26%)
Earnings 0.00% 0.00% (13.74%)
Book Value 8.71% 8.00% 6.38%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 5.01 Actual 5.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 2.43 2.71 Beat by 0.28
Q4 FY25 2.20 2.27 Beat by 0.07
Q1 FY26 3.07 3.41 Beat by 0.34
Q2 FY26 5.01 5.07 Beat by 0.06
Q3 FY26 4.45 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 3.70 5.15 5.33 — —
’25 2.65 2.46 2.70 1.30 9.12
’24 3.10 2.95 2.95 2.23 11.25
’23 3.45 2.66 3.48 3.42 13.00
’22 0.67 3.81 4.86 3.87 13.22
’21 1.16 1.55 1.88 3.39 7.99
’20 0.02 (1.57) (0.07) 0.58 (1.04)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 6,921 8,620 8,549 — —
’25 5,669 5,478 5,847 5,638 22,632
’24 6,123 6,025 5,965 5,585 23,698
’23 6,044 5,573 6,212 6,357 24,186
’22 3,983 7,407 7,593 6,719 25,702
’21 3,694 4,139 4,765 6,044 18,642
’20 4,718 1,103 2,246 2,965 11,032
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2,966 4,669 3,813 — —
’25 2,289 2,032 3,111 2,612 10,044
’24 2,903 2,889 3,588 2,763 12,143
’23 3,255 2,277 2,704 3,104 11,340
’22 828 2,048 4,773 3,444 11,093
’21 1,870 1,559 2,196 3,166 8,791
’20 2,585 88 1,214 1,121 5,008
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,466 2,894 3,813 — —
’25 818 243 1,453 960 3,474
’24 1,077 1,229 2,086 1,402 5,794
’23 1,723 785 1,200 1,587 5,295
’22 (60) 734 3,647 2,121 6,442
’21 958 677 1,308 2,229 5,172
’20 922 (343) 873 283 1,735
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −11.5% a year for ten years.

Implied
−11.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,651 11,208 17,275 17,380 11,032 18,642 25,702 24,186 23,698 22,632 29,728 +12.8% 29,899 26,904 25,538 +4.1%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT (1,558) 661 4,241 3,545 (739) 5,933 9,901 9,689 8,218 6,362 10,528 n/m
EBT margin, % (20.36) 5.90 24.55 20.40 (6.70) 31.83 38.52 40.06 34.68 28.11 35.41 +48.5 pt
Net income (1,097) 2,583 3,419 2,735 (605) 4,664 7,759 7,594 6,403 4,980 8,186 n/m
Per share, $
Per share, $ Revenue 13.83 19.51 29.96 30.07 19.05 32.09 44.09 41.63 41.87 41.68 57.39 +13.0%
Earnings (1.98) 4.49 5.93 4.73 (1.04) 8.03 13.31 13.07 11.31 9.17 15.58 n/m
Cash flow 4.26 7.42 13.47 14.12 8.65 15.13 19.03 19.52 21.45 18.50 27.14 +17.7%
Capex (2.64) (6.78) (10.14) (10.87) (5.65) (6.23) (7.98) (10.40) (11.22) (12.10) 0.00 +18.4%
Free cash flow 1.62 0.64 3.33 3.25 3.00 8.90 11.05 9.11 10.24 6.40 27.14 +16.5%
Book value 25.27 28.34 33.58 37.44 35.06 38.18 42.50 48.35 51.86 54.94 63.90 +9.0%
Shares, m 553 575 577 578 579 581 583 581 566 543 530 (0.2%)
Valuation, ×
Valuation, × P/E 0.00 24.40 14.71 17.71 0.00 11.06 9.35 9.30 10.85 11.45 9.32 10.9
P/S 7.49 5.60 2.91 2.79 2.62 2.77 2.82 2.92 2.93 2.52 2.53 3.5
P/B 4.10 3.86 2.60 2.24 1.42 2.33 2.93 2.52 2.36 1.91 2.27 2.6
EV/Sales 8.19 6.10 3.17 2.97 2.84 2.76 2.79 2.86 2.83 2.72 2.60 3.7
EV/FCF 70.00 185.83 28.55 27.41 18.08 9.96 11.12 13.06 11.57 17.72 10.35 39.3
Cash, $m
Cash, $m Operating cash flow 2,359 4,265 7,769 8,163 5,008 8,791 11,093 11,340 12,143 10,044 14,060 +17.5%
Capex (1,464) (3,897) (5,849) (6,282) (3,273) (3,619) (4,651) (6,045) (6,349) (6,570) (6,585) +18.2%
Free cash flow 895 368 1,920 1,881 1,735 5,172 6,442 5,295 5,794 3,474 14,060 +16.3%
Balance, $m
Balance, $m Working capital 1,358 554 1,329 786 2,402 4,542 4,962 5,861 5,876 2,965 5,323 +9.1%
Net debt 5,386 5,553 4,528 3,147 2,487 (100) (894) (1,479) (2,340) 4,540 2,175 (1.9%)
Shareholders’ equity 13,982 16,283 19,364 21,641 20,302 22,180 24,779 28,090 29,351 29,833 33,101 +8.8%
Returns, %
Returns, % ROA (3.90) 8.73 10.72 7.70 (1.66) 12.60 19.49 17.82 14.07 10.06 15.07 +14.0 pt
ROIC (3.95) 2.65 11.69 9.33 (1.49) 17.27 26.08 22.55 18.70 11.61 18.88 +15.6 pt
ROE (8.15) 17.07 19.18 13.34 (2.88) 21.96 33.05 28.73 22.29 16.83 25.83 +25.0 pt
People
People Employees 2,650 2,664 2,800 2,900 2,900 2,800 2,850 3,050 3,150 3,400 — +2.8%
Revenue/emp, $m 2.89 4.21 6.17 5.99 3.80 6.66 9.02 7.93 7.52 6.66 — +9.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

EOG Resources is an oil and natural-gas exploration and production company founded in 1999 and headquartered in Houston. Ezra Y. Yacob is Chairman of the Board and Chief Executive Officer.

The company finds hydrocarbon-bearing acreage, drills wells, develops fields and sells the crude oil and condensate, natural gas liquids (NGLs) and natural gas that those wells produce. Crude oil and condensate are liquid hydrocarbons; NGLs are liquids separated from natural gas; and natural gas is sold mainly through pipelines. EOG is an independent, non-integrated producer, meaning its operations are focused on finding and producing hydrocarbons rather than owning a refining business.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
United States 22,269 98.40%
Trinidad 359 1.59%
Other International 4 0.02%
Gross margin 100.00%
Operating margin 28.21%
Pre-tax margin 28.11%

Revenue by segment since 2010

EOG Resources, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
COP ConocoPhillips $162.7B 18.1× 13.4× +32.44% (above 0%: growing) +107.05% (above 0%: growing) +407.29% (above 0%: growing) 65.23% 32.47% Compare
EOG EOG Resources, Inc. $76.0B 9.3× 9.2× +46.21% (above 0%: growing) +97.43% (above 0%: growing) +162.42% (above 0%: growing) 100.00% 41.95%
OXY Occidental Petroleum Corporation $56.3B 8.6× 7.0× +53.39% (above 0%: growing) +937.04% (above 0%: growing) +92.71% (above 0%: growing) 80.41% 50.90% Compare
FANG Diamondback Energy, Inc. $50.2B 22.7× 11.1× +38.40% (above 0%: growing) +80.23% (above 0%: growing) −12.17% (below 0%: shrinking) 87.22% 46.03% Compare
DVN Devon Energy Corporation $47.2B 10.2× 9.6× +73.13% (above 0%: growing) +43.66% (above 0%: growing) −130.16% (below 0%: shrinking) 81.22% 32.14% Compare
WDS Woodside Energy Group Ltd $40.7B 3.3× 12.0× +196.99% (above 0%: growing) +178.60% (above 0%: growing) −173.74% (below 0%: shrinking) 42.87% 0.00% Compare
EQT EQT Corporation $31.7B 12.0× 14.3× −9.61% (below 0%: shrinking) −16.67% (below 0%: shrinking) +12.15% (above 0%: growing) 73.39% 25.95% Compare
EXE Expand Energy Corporation $19.7B 7.4× 7.9× +10.79% (above 0%: growing) −2.61% (below 0%: shrinking) +2.49% (above 0%: growing) 74.25% 19.48% Compare
TPL Texas Pacific Land Corporation $18.8B 32.3× 35.9× +34.62% (above 0%: growing) +38.33% (above 0%: growing) +83.99% (above 0%: growing) 100.00% 76.00% Compare
Median of peers $43.9B 11.1× 11.6× +36.51% +61.95% +7.32% 77.33% 32.31%

All 74 Oil & Gas E&P stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Susquehanna Nov 5, 2026 Target raised Outperform 187.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 96.21%
Held by the ten largest 56.12%
Holder Shares Stake Change
Capital Group 79.01m 15.06% −1.12m
Vanguard 53.96m 10.29% −133.62k
BlackRock 45.52m 8.68% +1.26m
State Street 33.97m 6.48% +49.88k
JPMorgan Chase 28.23m 5.38% −3.61m
Charles Schwab 17.64m 3.36% +1.36m
Geode Capital Management 12.70m 2.42% −78.65k
Ameriprise (Columbia Threadneedle) 9.27m 1.77% −1.29m
Franklin Templeton 7.08m 1.35% −737.09k
Morgan Stanley 6.95m 1.32% +165.49k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

EOG Resources, Inc. (EOG) Latest News

5 Nov

Impact 3 · · Oilprice.com
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · Barchart

29 Oct

Impact 4 · · Zacks
Impact 4 · · 24/7 Wall St.

28 Oct

Impact 3 · · Zacks

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 4 · · Barchart
Impact 3 ·
Impact 3 · · Zacks
Impact 3 · · Trefis

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks

14 Oct

Impact 3 · · Trefis

13 Oct

Impact 3 · · Trefis

7 Oct

Impact 3 · · Zacks

24 Sep

Impact 3 · · PR Newswire

23 Sep

Impact 3 · · Trefis

11 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 3 ·

5 Aug

Impact 3 ·

EOG metrics, ten years each

stockrow.com/EOG · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com