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.
Neil Mehta
Goldman Sachs
5 questions for EOG
Also covers: AESI, APA, AR +36 more
Scott Hanold
RBC Capital Markets
5 questions for EOG
Also covers: APA, CHRD, CIVI +13 more
AJ
Arun Jayaram
JPMorgan Chase & Co.
4 questions for EOG
Also covers: APA, AR, BKR +33 more
CM
Charles Meade
Johnson Rice & Company L.L.C.
4 questions for EOG
Also covers: APA, BRY, COP +17 more
LM
Leo Mariani
ROTH MKM
4 questions for EOG
Also covers: APA, AR, CIVI +18 more
DW
Derrick Whitfield
Texas Capital
3 questions for EOG
Also covers: AMTX, ARIS, BG +24 more
DL
Doug Leggate
Wolfe Research
3 questions for EOG
Also covers: APA, AR, BP +23 more
Phillip Jungwirth
BMO Capital Markets
3 questions for EOG
Also covers: AR, CIVI, COP +21 more
ND
Neal Dingmann
Truist Securities
2 questions for EOG
Also covers: APA, CHRD, CIVI +36 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 +26 more
SR
Stephen Richardson
Evercore ISI
2 questions for EOG
Also covers: ALTM, COP, CVX +4 more
SR
Steve Richardson
Evercore
2 questions for EOG
Also covers: PSX
DW
Derek Woodfield
Stifel
1 question for EOG
Also covers: WTI
DG
Douglas George Blyth Leggate
Wolfe Research
1 question for EOG
Also covers: APA, BP, COP +18 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 +15 more
NK
Nitin Kumar
Mizuho Securities USA
1 question for EOG
Also covers: AR, BKV, CNX +9 more
Recent press releases and 8-K filings for EOG.
EOG Resources reports Q4 2025 results and 2026 guidance
EOG
Earnings
Guidance Update
Share Buyback
- EOG generated $5.5 billion in adjusted net income ( $10.16/share) and $4.7 billion in free cash flow for 2025; returned 100% of free cash flow via $2.2 billion in dividends ( $3.95/share, +8%) and $2.5 billion in share repurchases.
- The Encino acquisition closed, driving $150 million of synergies ahead of schedule; the Janus gas plant in the Delaware Basin began operations; and EOG entered UAE and Bahrain exploration.
- For 2026, EOG guides $6.5 billion in capital spending to deliver ~$4.5 billion in free cash flow at strip pricing, returning 90–100% to shareholders, with a $50 WTI breakeven.
- Operational plan includes keeping oil production flat at Q4 2025 levels to achieve 5% annual oil growth and 13% total production growth, completing 585 net wells across core basins.
3 days ago
EOG Resources reports Q4 2025 results and 2026 guidance
EOG
Earnings
Guidance Update
Share Buyback
- EOG generated $4.7 billion in free cash flow and reported adjusted EPS of $10.16 for 2025 (Q4 adjusted EPS of $2.27), delivering a 19% ROCE and building nearly $1 billion in Q4 free cash flow.
- The company returned 100% of free cash flow through an 8% dividend increase to $3.95/share and $2.5 billion in share repurchases, finishing 2025 with $3.4 billion cash, $7.9 billion debt, and ~$6.4 billion total liquidity.
- For 2026, EOG plans $6.5 billion in capital spending, expects $4.5 billion in free cash flow, will return 90–100% of FCF, and forecasts 5% oil growth and 13% total production growth while completing 585 net wells.
- Operational excellence drove 7% well cost reductions, pre-reserves grew 16% to 5.5 BBOE with 254% production replacement, and the strategic Encino acquisition was completed in 2025.
3 days ago
EOG Resources reports Q4 2025 results
EOG
Earnings
Guidance Update
Share Buyback
- Key 2025 financials: EOG delivered $5.5 billion in adjusted net income ($10.16/share) and $4.7 billion in free cash flow, achieving a 19% return on capital employed.
- Q4 2025 performance: Adjusted EPS of $2.27, cash flow from operations of $4.86/share, and nearly $1 billion in free cash flow; returned $1.2 billion to shareholders in Q4 (including $675 million in share repurchases).
- Shareholder returns: For the full year, paid $2.2 billion in dividends (8% increase to $3.95/share) and repurchased $2.5 billion in shares, representing 8.2% of market capitalization, with $3.3 billion of buyback authorization remaining.
- Balance sheet strength: Ended 2025 with $3.4 billion cash, $7.9 billion long-term debt, and an undrawn $3 billion revolver, totaling $6.4 billion liquidity; leverage remains below 1× EBITDA.
- 2026 guidance: Plans $6.5 billion in capital spending to generate $4.5 billion in free cash flow at strip prices, targeting 90–100% of free cash flow returned to shareholders; breakeven at $50 WTI.
3 days ago
EOG Resources reports Q4 2025 results
EOG
Earnings
Dividends
Share Buyback
- EOG delivered $5.5 Billion adjusted net income, $10.16 adjusted EPS, and $20.07 adjusted CFPS in 2025, achieving a 19% ROCE.
- The company generated $4.7 Billion free cash flow and returned 100% of FCF to shareholders via $2.2 Billion regular dividends and $2.5 Billion share repurchases in 2025.
- EOG closed 2025 with a 0.4x net debt/EBITDA ratio, rated A- by S&P and A3 by Moody’s, underpinning a $2.2 Billion dividend commitment for 2026.
- The 2026 plan targets $4.5 Billion free cash flow, double-digit ROCE, and 1,396 MBoed total volume (versus 1,232 MBoed in 2025), funding the regular dividend and additional cash returns.
3 days ago
EOG Resources Reports Q4 2025 Results and Updates 2026 Outlook
EOG
Earnings
Guidance Update
- EOG Resources recorded Q4 2025 net income of $701 million (diluted EPS $1.30) and full-year 2025 net income of $4.98 billion (diluted EPS $9.12).
- Q4 2025 operating revenues were $5.638 billion (versus $5.585 billion in Q4 2024), with full-year revenues of $22.632 billion.
- Net cash provided by operating activities in Q4 2025 was $2.612 billion, contributing to $10.044 billion for the full year.
- The company issued first-quarter and full-year 2026 financial forecasts and benchmark commodity pricing assumptions in its February 24 press release.
3 days ago
EOG Resources reports Q4 and full-year 2025 results
EOG
Earnings
Dividends
Guidance Update
- Delivered Q4 net income of $701 million (US$1.30/share) and adjusted net income of $1.2 billion (US$2.27/share); full-year net income was $5.0 billion (US$9.12/share) and adjusted net income $5.5 billion (US$10.16/share).
- Generated net cash from operations of $2.6 billion in Q4 and $10.0 billion for 2025; free cash flow of $1.0 billion in Q4 and $4.7 billion for the full year.
- Returned capital through a Q4 dividend of $1.02 per share (annualized $4.08) and $675 million of share repurchases (total $2.5 billion repurchased in 2025).
- Announced a $6.5 billion capital plan for 2026 to hold Q4 2025 oil production flat, targeting 5% oil and 13% total production growth year-over-year.
3 days ago
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.
Jan 7, 2026, 3:15 PM
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.
Jan 7, 2026, 3:15 PM
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.
Jan 7, 2026, 3:15 PM
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
Quarterly earnings call transcripts for EOG RESOURCES.
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