Earnings summaries and quarterly performance for EOG RESOURCES.
Executive leadership at EOG RESOURCES.
Board of directors at EOG RESOURCES.
Research analysts who have asked questions during EOG RESOURCES earnings calls.
AJ
Arun Jayaram
JPMorgan Chase & Co.
4 questions for EOG
Also covers: APA, AR, BKR +33 more
LM
Leo Mariani
ROTH MKM
4 questions for EOG
Also covers: APA, AR, CIVI +16 more
Neil Mehta
Goldman Sachs
3 questions for EOG
Also covers: AESI, APA, AR +36 more
Scott Hanold
RBC Capital Markets
3 questions for EOG
Also covers: APA, CHRD, CIVI +13 more
CM
Charles Meade
Johnson Rice & Company L.L.C.
2 questions for EOG
Also covers: APA, BRY, COP +17 more
ND
Neal Dingmann
Truist Securities
2 questions for EOG
Also covers: APA, CHRD, CIVI +33 more
PC
Paul Cheng
Scotiabank
2 questions for EOG
Also covers: APA, BP, CLNE +20 more
SG
Scott Gruber
Citigroup
2 questions for EOG
Also covers: APA, BKR, BKV +24 more
SR
Stephen Richardson
Evercore ISI
2 questions for EOG
Also covers: ALTM, COP, CVX +2 more
DW
Derek Woodfield
Stifel
1 question for EOG
Also covers: WTI
DW
Derrick Whitfield
Texas Capital
1 question for EOG
Also covers: AMTX, ARIS, BG +21 more
DG
Douglas George Blyth Leggate
Wolfe Research
1 question for EOG
Also covers: APA, BP, COP +18 more
DL
Doug Leggate
Wolfe Research
1 question for EOG
Also covers: APA, AR, BP +21 more
JA
John Abbott
Wolfe Research
1 question for EOG
Also covers: AR, CHRD, CIVI +10 more
John Freeman
Raymond James Financial
1 question for EOG
Also covers: APA, AR, CRGY +9 more
JS
Joshua Silverstein
UBS Group AG
1 question for EOG
Also covers: AR, CHRD, COP +9 more
KA
Kaleinoheaokealaula Akamine
Bank of America
1 question for EOG
Also covers: AR, COP, CRC +8 more
Kevin MacCurdy
Pickering Energy Partners
1 question for EOG
Also covers: AR, CHRD, CNX +13 more
NK
Nitin Kumar
Mizuho Securities USA
1 question for EOG
Also covers: AR, BKV, CNX +8 more
Phillip Jungwirth
BMO Capital Markets
1 question for EOG
Also covers: AR, CIVI, COP +17 more
Recent press releases and 8-K filings for EOG.
EOG Resources outlines 2026 capital plan and strategic priorities
EOG
Guidance Update
M&A
New Projects/Investments
- EOG plans a $6.5 billion capital budget for 2026, down slightly from prior guidance due to faster-than-expected Encino integration and cost efficiencies in the Delaware Basin.
- Oil production is forecast at flat to low-single-digit growth in 2026 versus Q4 2025, with flexibility to reallocate spend across its multi-basin portfolio if prices change.
- The Encino Energy acquisition has generated $150 million of annual synergies, doubled EOG’s volatile-oil acreage in the Utica, and delivered a 30-day IP of ~35 MMcf/d on initial gas wells.
- In the Delaware Basin, EOG achieved >60% after-tax returns at 2025 well costs that are 15% lower than two years ago, sustaining ~1-year well payouts at $45 WTI.
- International development expanded to Bahrain and the UAE, where the first exploratory wells are producing under joint-venture agreements; the UAE concession has a three-year window to declare commerciality.
2 days ago
EOG Resources outlines 2026 capital plans and strategic updates at Goldman Sachs Energy Conference
EOG
Guidance Update
Share Buyback
M&A
- EOG forecasts $6.5 billion of 2026 capital spending—down from an initial $6.6 billion—driven by cost efficiencies in the Delaware Basin and faster-than-expected Encino integration, funding foundational assets, gas projects, UAE/Bahrain exploration, and shareholder returns.
- Oil production is expected to grow in the low single digits or remain flat to slightly down versus Q4 2025, reflecting the company’s ongoing capital discipline.
- The Encino acquisition is delivering $150 million of synergies, doubling Utica acreage in the volatile oil window; the first Peckhams well achieved a 30-day IP of ~35 Mmcfe/d.
- In the Delaware Basin, well costs have fallen by 15% over two years, supporting 1-year paybacks and >60% after-tax rates of return at $45 WTI (exceeding 100% on strip prices), with all-in finding costs declining.
- EOG will continue returning 90–100% of free cash flow to shareholders via a $4 annual dividend (3.9% yield) and opportunistic buybacks, backed by a pristine balance sheet.
2 days ago
EOG Resources outlines 2026 capital plan, growth guidance, and strategic priorities
EOG
Guidance Update
Share Buyback
M&A
- EOG plans $6.5 billion capital spend for 2026 with low-to-flat oil production versus Q4 2025, driven by cost efficiencies and faster Encino integration.
- Integration of Encino delivers $150 million in synergies and doubles acreage in the Utica volatile-oil window, establishing Utica as a foundational asset.
- Delaware Basin well costs are down ~15% over two years, achieving over 60% after-tax returns at $45 WTI and an approximate 1-year payback, highlighting ongoing execution gains.
- International expansion in Gulf nations: Bahrain’s first gas well drilled in Q3 2025 with fixed local pricing; UAE oil concession spud in Q4 with a three-year commerciality timeline.
- Financial policy targets a growing quarterly dividend (~$4 annualized; 3.9% yield) and 90–100% free cash flow return through dividends and opportunistic buybacks.
2 days ago
EOG Resources enters $3.0 billion revolving credit agreement
EOG
Debt Issuance
- On December 3, 2025, EOG Resources entered into a $3.0 billion senior unsecured revolving credit agreement, replacing its prior $1.9 billion facility (terminated without penalty); no borrowings or letters of credit were outstanding under the prior facility at closing.
- The new facility matures on December 3, 2030, with up to two one-year extension options (subject to lender consent), and commits the banks to provide up to $3.0 billion outstanding at any time, with an option to increase to $4.0 billion under specified conditions.
- It includes a swingline subfacility and a letter of credit subfacility; advances accrue interest at either SOFR or Base Rate plus an applicable margin based on EOG’s senior unsecured credit rating.
- The agreement contains customary covenants for an investment-grade facility, including a financial covenant requiring Total Debt to Total Capitalization not to exceed 65%.
Dec 8, 2025, 9:48 PM
EOG Resources issues $1 billion of Senior Notes
EOG
Debt Issuance
- On November 24, 2025, EOG Resources, Inc. completed an underwritten public offering of $750 million 4.400% Senior Notes due 2031 and $250 million 5.950% Senior Notes due 2055 under an underwriting agreement dated November 19, 2025.
- The new 2055 Notes will form a single series with the $500 million Original 5.950% Notes due 2055 issued July 1, 2025, and will trade interchangeably under the same CUSIP.
- The 2031 Notes were sold at 99.341% of par (yield to maturity 4.414%), and the 2055 Notes at 101.440% of par plus accrued interest (yield 5.784%).
- EOG intends to use part of the net proceeds to repay or redeem its 4.15% Senior Notes due 2026.
- The Notes are senior, unsecured obligations ranking pari passu with existing unsecured debt and subordinated to any secured indebtedness and the obligations of its subsidiaries.
Nov 24, 2025, 10:19 PM
EOG announces Q3 2025 results
EOG
Earnings
M&A
Guidance Update
- EOG delivered adjusted EPS of $2.71, adjusted CFO per share of $5.57, and generated $1.4 billion in free cash flow in Q3, bringing year-to-date free cash flow to $3.7 billion.
- The balance sheet remains robust with $3.5 billion in cash, $7.7 billion in long-term debt, $550 million in dividends, and $450 million in share repurchases in the quarter.
- Full-year 2025 free cash flow is now guided to $4.5 billion, a $200 million increase versus prior midpoint forecasts, driven by strong Q1–Q3 results and solid Q4 outlook.
- Strategic execution includes closing the Encino acquisition in August with $150 million of expected synergies, commissioning the Janus plant and Verde pipeline to lower breakevens , and achieving >15% well cost reductions over two years with +20% longer laterals in 2025.
Nov 7, 2025, 3:00 PM
EOG Resources reports Q3 2025 results
EOG
Earnings
Dividends
Share Buyback
- EOG delivered 36% return on capital employed in 2024, outpacing the peer average of 25%.
- In 2024, the company generated $5.367 billion free cash flow and returned 98% of it to shareholders via $2.087 billion regular dividends and $3.179 billion share repurchases.
- Through Q3 2025, EOG has produced $3.685 billion free cash flow and distributed $3.439 billion in total cash returns.
- Operational excellence in 2024 drove 8% production growth, 6% reduction in average well costs, and 2% lower cash operating costs.
Nov 7, 2025, 3:00 PM
EOG Resources reports Q3 2025 results
EOG
Earnings
Guidance Update
- EOG Resources delivered Q3 2025 operating revenues of $5,847 M and net income of $1,471 M, representing $2.70 diluted EPS.
- Non-GAAP adjusted net income was $1,472 M, or $2.71 adjusted diluted EPS.
- Average production was 119.7 MMBoe (≈1,301.2 MBoed) in Q3 2025.
- Net cash provided by operating activities was $3,111 M, and free cash flow totaled $1,383 M in the quarter.
- The company provided Q4 and full-year 2025 guidance and updated benchmark commodity pricing assumptions.
Nov 6, 2025, 9:26 PM
EOG Resources reports third quarter 2025 results
EOG
Earnings
Share Buyback
M&A
- Total revenue of $5,847 million, net income of $1,471 million, adjusted EPS of $2.71, and free cash flow of $1,383 million in 3Q 2025.
- Production volumes above guidance midpoints: 534.5 MBod crude oil, 309.3 MBbld NGLs, 2,745 MMcfd natural gas, totaling 1,301.2 MBoed.
- Returned nearly $1 billion to shareholders: $545 million in dividends and $440 million in share repurchases; committed to return 89% of estimated annual free cash flow.
- Invested $1,648 million in capital expenditures and closed the Encino Acquisition Partners transaction.
Nov 6, 2025, 9:15 PM
EOG Resources-operated Eagle Ford acreage acquired by Rising Phoenix Capital
EOG
M&A
New Projects/Investments
- Rising Phoenix Capital acquired 249.05 net royalty acres in the core Eagle Ford Shale, covering Proved Developed Producing reserves and managed by EOG Resources Inc. and Lewis Energy Group.
- This transaction represents the final placement for Maroon Bells LP, signifying the fund is fully capitalized and in pay status.
- Assets include PDP reserves with steady monthly cash flow and upside from 20 newly completed wells and Austin Chalk intervals.
- Rising Phoenix Capital now manages approximately 16,000 net royalty acres across U.S. basins under its Income, Bond/Debt, and Growth Strategies.
Oct 29, 2025, 6:54 PM
Quarterly earnings call transcripts for EOG RESOURCES.
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