EOG Resources Inc raised its 2027 regular dividend by 8% to an indicated annual rate of $4.40 per share, expects low single-digit oil production growth in 2027, and plans a 600 million cubic feet per day Janus processing expansion.
EOG · Eog Resources Inc
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
Up next
Latest documents
EOG Resources reported third-quarter operating revenues of $8,549 million, up 46% from $5,847 million, and raised its quarterly dividend from $1.02 per share to $1.10, effective with the January 29, 2027 payment.
EOG Resources reported third quarter 2026 net income of 2,781 million and diluted earnings per share of 5.33 on revenues of 8,549 million. Production totaled 131.8 MMBoe, operating income was 3,586 million and free cash flow was 2,176 million.
EOG Resources, Inc. raised third quarter 2026 current tax expense guidance to $835 million - $935 million from $545 million - $645 million due to higher crude oil prices linked to the Middle East conflict; no other guidance ranges were updated or confirmed.
EOG Resources, Inc. appointed Jeffrey W. Hibbard CFO effective January 1, 2027, succeeding Ann D. Janssen, whose last day is December 31, 2026 before she becomes an advisor. Future restricted stock and RSU grants will vest ratably over three years.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 6, 2026TL;DR. EOG delivered record production, strong third-quarter financial performance, substantial shareholder returns, a higher dividend, a strong balance sheet, and guidance for 2026 and 2027 production growth, including strong UAE well results and high-return gas investments. Key risks include higher tax expense, expected service inflation, intermittent Bahrain operations, UAE commerciality uncertainty, and oil-price volatility amid fragile Middle East supply.
- + Third-quarter oil, NGL, and natural gas production reached records, while unit cash operating costs and DD&A came in below guidance midpoints. new
- + Third-quarter adjusted EPS was $4.87, adjusted cash flow from operations per share was $7.23, and free cash flow was $2.2 billion. new
- + At September 30, EOG had $5.7 billion of cash, approximately $2.2 billion of net debt, and $10.6 billion remaining under its share-repurchase authorization. new
- + Full-year 2026 guidance calls for 5% oil production growth and 14% total production growth, with capital expenditures unchanged at $6.5 billion. new
- + A new 10-year Engie natural gas agreement linked to JKM pricing expands EOG's premium-priced LNG feed gas exposure to more than 1 billion cubic feet per day by 2030. new
- + EOG expects low single-digit oil production growth in 2027 if current oil supply-demand fundamentals persist. new
- − Third-quarter current tax expense guidance increased to $835 million-$935 million from $545 million-$645 million because of higher realized and anticipated crude oil prices. new
- − Bahrain operations have remained intermittent because of the ongoing conflict.
- − EOG is still assessing multiple technical and commercial factors before reaching a commerciality decision for its UAE concession. new
- − EOG expects oil prices to remain volatile, with the security of Middle East supply flows a key near-term market variable. new
- − The recovery in Middle East oil supply remains fragile and subject to ongoing disruption risk. new
- − EOG expects modest drilling-and-completion service inflation in 2027, alongside elevated diesel and steel costs. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Net cash received from settlements of Financial Commodity Derivative Contracts | $40M | third quarter of 2026 | — |
|
|
|||
| NYMEX West Texas Intermediate crude oil average price | $85.68 | quarter ended September 30, 2026 | — |
| 1Q 2026 Adjusted Net Income per Share (Non-GAAP) - Diluted non-GAAP | $3.41 | 1Q 2026 | — |
| 2Q 2026 Adjusted Net Income per Share (Non-GAAP) non-GAAP | $5.07 | 2Q 2026 | — |
| Adjusted Cash Flow from Operations (Non-GAAP) non-GAAP | 4.39B | 2nd Qtr 2026 | — |
| Adjusted Net Income (Non-GAAP) non-GAAP | 2.68B | 2Q 2026 | — |
GAAP → non-GAAP reconciliationGAAP Reported Net Income (GAAP) 2.72B
-31M Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net
+36M Net Cash Received from Settlements of Financial Commodity Derivative Contracts
-46M Less: Gains on Asset Dispositions, Net
= Adjusted Net Income (Non-GAAP) 2.68B
|
|||
| Average Crude Oil and Condensate Prices Composite | $98.15 | the three months ended June 30, 2026 filing | — |
| Average Crude Oil and Condensate Prices Other International | $103.4 | the three months ended June 30, 2026 filing | — |
| Average Crude Oil and Condensate Prices Trinidad | $88.87 | the three months ended June 30, 2026 filing | — |
| Average Crude Oil and Condensate Prices United States | $98.18 | the three months ended June 30, 2026 filing | — |
| Average Natural Gas Liquids Prices United States | $24.41 | the three months ended June 30, 2026 filing | — |
| Average Natural Gas Prices Composite | $2.89 | the three months ended June 30, 2026 filing | — |
| Average Natural Gas Prices Other International | $3.27 | the three months ended June 30, 2026 filing | — |
| Average Natural Gas Prices Trinidad | $3.99 | the three months ended June 30, 2026 filing | — |
| Average Natural Gas Prices United States | $2.77 | the three months ended June 30, 2026 filing | — |
| Capital Expenditures (Non-GAAP) ($MM) non-GAAP | $6.29B | 2025 Actual | — |
| Cash Operating Costs (Non-GAAP) non-GAAP | $10.09 | 2025 Actual | — |
| Crude Oil and Condensate Volumes (MBbld) Other International | 0.5 | the three months ended June 30, 2026 filing | — |
| Crude Oil and Condensate Volumes (MBbld) Total | 548.8 | the three months ended June 30, 2026 filing | — |
| Crude Oil and Condensate Volumes (MBbld) Trinidad | 2.1 | the three months ended June 30, 2026 filing | — |
| Crude Oil and Condensate Volumes (MBbld) United States | 546.2 | the three months ended June 30, 2026 filing | — |
| Crude Oil and Condensate Volumes (MBod) - Total | 521.9 | 2025 Actual | — |
| Crude Oil Equivalent Volumes (MBoed) Other International | 2.4 | the three months ended June 30, 2026 filing | — |
| Crude Oil Equivalent Volumes (MBoed) Total | 1,410.4 | the three months ended June 30, 2026 filing | — |
| Crude Oil Equivalent Volumes (MBoed) Trinidad | 50.9 | the three months ended June 30, 2026 filing | — |
| Crude Oil Equivalent Volumes (MBoed) United States | 1,357.1 | the three months ended June 30, 2026 filing | — |
| Current Tax Expense ($MM) | $1.04B | 2025 Actual | — |
| Depreciation, Depletion and Amortization Oil and Gas Properties (cost per Boe) | $9.27 | the three months ended June 30, 2026 filing | — |
| Depreciation, Depletion and Amortization Other Property, Plant and Equipment (cost per Boe) | $0.54 | the three months ended June 30, 2026 filing | — |
| Effective Rate (Income Taxes) | 21.7% | 2025 Actual | — |
| Free Cash Flow (Non-GAAP) non-GAAP | 2.8B | 2nd Qtr 2026 | — |
| Gathering, Processing and Transportation Costs (GP&T) (cost per Boe) | $5.27 | the three months ended June 30, 2026 filing | — |
| General and Administrative (G&A) (cost per Boe) | $1.66 | the three months ended June 30, 2026 filing | — |
| Interest Expense, Net (cost per Boe) | $0.52 | the three months ended June 30, 2026 filing | — |
| Lease and Well (cost per Boe) | $3.64 | the three months ended June 30, 2026 filing | — |
| Lease and Well (Operating Unit Costs /Boe) | $3.72 | 2025 Actual | — |
| Natural Gas (HH) ($/Mcf) | $3.43 | 2025 Actual | — |
| Natural Gas Liquids Volumes (MBbld) Total | 346.8 | the three months ended June 30, 2026 filing | — |
| Natural Gas Liquids Volumes (MBbld) United States | 346.8 | the three months ended June 30, 2026 filing | — |
| Natural Gas Volumes (MMcfd) Total | 3,089 | the three months ended June 30, 2026 filing | — |
| Natural Gas Volumes (MMcfd) Trinidad | 293 | the three months ended June 30, 2026 filing | — |
| Natural Gas Volumes (MMcfd) United States | 2,784 | the three months ended June 30, 2026 filing | — |
| Net Debt (Non-GAAP) non-GAAP | 3.02B | June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Current and Long-Term Debt (GAAP) 7.93B
-4.91B Less: Cash
= Net Debt (Non-GAAP) 3.02B
|
|||
| Oil (WTI) ($/Bbl) | $64.78 | 2025 Actual | — |
| Shares repurchased under the Share Repurchase Authorization | 9,576,509 | the quarter ended June 30, 2026 filing | — |
| Total Expenditures (GAAP) ($MM) | $13.7B | 2025 Actual | — |
| Total impairments | $19M | Three Months Ended June 30, 2026 filing | — |
| Total operating unit costs (cost per Boe) | $20.9 | the three months ended June 30, 2026 filing | — |
| Volume - Million Barrels of Oil Equivalent | 128.3M | 2Q 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EOG
this stock
Eog Resources Inc
|
$82.09B | +50.8% | -4.5% | 10.2 | 3.2% |
|
COP
Conocophillips
|
$168.22B | +52.0% | +7.7% | 14.9 | 1.4% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$101.25B | +47.0% | — | — | 2.5% |
|
OXY
Occidental Petroleum Corp
|
$58.74B | +42.9% | -1.9% | 7.8 | 2.7% |
|
DVN
Devon Energy Corp
|
$53.09B | +27.2% | +7.8% | 11.6 | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 19
EOG Resources reported third-quarter operating revenues of $8,549 million, up 46% from $5,847 million, and raised its quarterly dividend from $1.02 per share to $1.10, effective with the January 29, 2027 payment.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EOG | +7.6% | +0.2% | +16.2% | -4.4% | +50.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +5.0% | +1.4% | +15.7% | -4.2% | +40.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.