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 +37 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 +37 more
PC
Paul Cheng
Scotiabank
2 questions for EOG
Also covers: APA, BP, CLNE +21 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 outlines 2026 investment plan and portfolio updates
EOG
Dividends
Share Buyback
M&A
- In 2025, EOG generated $5.5 billion of adjusted income, $4.7 billion of free cash flow (100% returned to shareholders), and ended the year with net debt/EBITDA of 0.4×.
- For 2026, the company set a $6.5 billion capital budget, targeting flat volumes to Q4 2025 (5% oil growth, 13% BOE growth y-o-y) with a bottom-cycle breakeven of $40 WTI ($50 including CapEx and dividends).
- Strategic portfolio moves include the $5.6 billion Encino acquisition (1.1 million Utica acres) now free cash flow positive with $150 million of synergies realized within six months , plus new unconventional concessions in the UAE and a JV with Bapco in Bahrain.
- EOG’s capital allocation prioritizes a sustainable $4.08/share dividend, opportunistic buybacks (10% share reduction over three years), and maintaining total debt below 1× EBITDA.
3 days ago
EOG Resources outlines 2026 strategy at Raymond James conference
EOG
Guidance Update
Dividends
New Projects/Investments
- EOG is holding volumes flat versus Q4 2025 with a $6.5 billion 2026 capital budget (up 5% YoY in oil) and a breakeven of $40 WTI (rising to $50 including dividend), aiming to maximize free cash flow.
- In 2025 the company generated $4.7 billion in free cash flow, returned 100% of FCF to shareholders via a $4.08/share dividend, and maintained a pristine 0.4× net debt/EBITDA balance sheet.
- Portfolio advances include the $5.6 billion Encino acquisition (1.1 million Utica acres), first onshore UAE unconventional concession, and a Bahrain gas JV, underpinning long‐lived multi-basin growth.
- Operational efficiency improvements delivered a 20% drop in Permian well costs, Utica synergies driving costs under $600/ft, and Dorado dry-gas growth supported by a 100-mile, 1 BCF/d EOG-owned pipeline.
- Sustainability targets set in 2020 were met two years early; new goals now focus on further GHG intensity reduction, near-zero methane emissions, and zero routine flaring.
3 days ago
EOG Resources presents capital allocation and portfolio update
EOG
Dividends
Share Buyback
M&A
- EOG will return 100% of free cash flow to shareholders, including a $2.2 billion regular dividend ($4.08/share) and ongoing share buybacks, while maintaining net debt/EBITDA below 1× at bottom-cycle pricing.
- The 2026 capital budget is $6.5 billion, funding a 5% oil production increase with volumes held flat to Q4 2025; implied breakeven is $40 WTI (rising to $50 including dividend).
- The Encino acquisition expanded the Utica footprint by 1.1 million acres, delivered $150 million of synergies in under six months, and cut well costs to below $600/foot.
- A multi-basin portfolio spans seven U.S. divisions and international assets (including first-ever onshore concessions in UAE and Bahrain), underpinned by 12 billion barrels of resource at >100% after-tax IRR at $55 oil.
- Operational improvements cut Delaware Basin well costs by 20%, while Dorado gas play recovery per foot rose 13%, targeting a 1 BCF/day exit rate in 2026.
3 days ago
Vitesse Energy to acquire Powder River Basin assets for $35M
EOG
M&A
New Projects/Investments
- Vitesse Energy will make an all-stock acquisition of non-operated Powder River Basin assets in Wyoming for $35 million, effective January 1, 2026 and expected to close early in Q2 2026.
- The deal adds over 6,000 net acres, roughly 1,400 Boe/d of expected 2026 production, and 29 net undeveloped locations primarily operated by EOG and Continental.
- In full-year 2025, Vitesse reported net income of $25.3 million, adjusted EBITDA of $179.3 million, and average production of 17,444 Boe/d, with proved reserves up 19% to 47.8 million Boe.
- Management issued 2026 production and capital-expenditure guidance reflecting the expanded non-operated footprint.
4 days ago
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.
Feb 25, 2026, 3:00 PM
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.
Feb 25, 2026, 3:00 PM
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.
Feb 25, 2026, 3:00 PM
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.
Feb 25, 2026, 3:00 PM
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.
Feb 24, 2026, 9:18 PM
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.
Feb 24, 2026, 9:15 PM
Quarterly earnings call transcripts for EOG RESOURCES.
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