— Know what they know.
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Not Investment Advice

EOG

NYSE · USD
EOG Resources, Inc.
Energy · Oil & Gas Exploration & Production
CEO Ezra Y. Yacob Employees 3,400 R&D / revenue 0.0%
Last price
$158.01+4.23%last session
Market cap
$82.9B
P/E (TTM)
12.2x
From 52w high
−0.2%
From 52w low
+55.5%
1-year return
+53.5%
RSI 14 · vs SMA200
71.3 · +19.3%
IS score
83.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

EOG   SPY   XLE (sector ETF) · weekly closes
100120140160Jan 26Apr 26Jul 26Oct 26XLE 160EOG 153SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
92
Profitability
69
Growth
76
Value
93
Momentum
90
Risk (safety)
93
Quality
82
Balance sheet
61
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ FCF yield 5%+
Warnings
None of the computed warning flags fires for EOG (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 8 / 9Altman Z 3.8Beta 0.272 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
4 open-market sales, $8.1M
Form 144 notices (12m): 12, $10.8M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+26
171 new holders, 128 closed
1,633 filers hold 99.2% · 670 added, 586 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+265
1,147 funds adding shares
882 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
61.2%
20-day avg 59.4%, 50-day avg 58.6%
Latest 1.9 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$22.6B
Revenue growth YoY−3.5%
Gross margin68.1%
Operating income$7.9B
Operating margin35.1%
Net income$5.0B
Net margin22.1%
EPS (diluted)$9.11
Cash flow
Operating cash flow$10.0B
Capital expenditure$6.1B
Free cash flow$3.9B
FCF conversion (FCF / OCF)39.1%
Stock-based compensation$216.0M
FCF less SBC$3.7B
Buybacks$2.6B
Dividends$2.2B
Balance sheet & returns
Cash & short-term investments$3.4B
Total debt$8.4B
Net debt$5.0B
Shareholders' equity$29.8B
Goodwill & intangibles$0
Debt / equity0.26
ROE (TTM)22.4%
ROIC (TTM)16.5%
Operating margin by fiscal year
31.0%FY202133.8%FY202241.4%FY202334.6%FY202435.1%FY2025
Revenue $19.7B (FY2021) to $22.6B (FY2025), a 3.5% CAGR.

Valuation

P/E (TTM)12.2x
EV / EBITDA6.2x
Price / sales3.10x
Price / FCF12.5x
FCF yield7.98%
Buyback yield3.09%
SBC / revenue0.9%
Price / book2.61x
Forward P/E FY20268.9x
Forward P/E FY202710.1x
Forward P/E FY202810.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $166.50 across 14 analysts last quarter is theirs, not ours.

EOG vs industry median

473 companies in Oil & Gas Exploration & Production
Gross margin 75.7% 45.9% Operating margin 39.1% 19.2% Net margin 25.7% 12.3% ROIC 16.5% 5.3%
EOG (TTM)Industry median Asset turnover 0.49 vs industry 0.24 · financial leverage 1.72

Earnings delivery

Next report 2026-11-05 · consensus EPS $4.41
92%
beat rate, 11 of 12 quarters
+4.8%
median EPS surprise
10
longest beat streak
+14+0+4+7+14+7+3+4+10+3+6+2
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
EOG EOG Resources, Inc. $82.9B12.2x22.4%25.7%−3.5% +53.5%
OXY Occidental Petroleum Corpora $62.4B9.4x18.7%35.8%−7.5% +52.9%
FANG Diamondback Energy, Inc. $57.1B39.8x4.1%33.8%+22.0% +47.3%
DVN Devon Energy Corporation $55.8B12.0x11.5%25.8%+17.0% +62.4%
WDS Woodside Energy Group Ltd $44.8B14.5x17.0%22.5%−10.8% +62.5%
COP ConocoPhillips $176.0B19.4x14.2%20.5%+9.7% —
EQT EQT Corporation $34.0B11.9x12.2%15.6%+16.0% —
TPL Texas Pacific Land Corporati $24.2B44.7x36.6%62.6%+20.8% —
12-month window: SPY +15.9%, sector ETF XLE +60.0%. Past returns describe history only.

Recent 8-K filings

2026-10-08Earnings Release
2026-09-24Officer/Director Change; Exhibits
2026-08-04Earnings Release; Regulation FD; Exhibits
2026-07-09Earnings Release
2026-05-21Shareholder Vote; Other Events
2026-05-05Earnings Release; Regulation FD; Exhibits

Context

Shares outstanding524,529,200
Free float99.8%
Institutional ownership99.2%
Beta0.27
Dividend yield2.58%
Last dividend$1.02 on 2026-10-16
50 / 200-day average$145.34 / $134.06
Large-cap Energy median P/E17.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where EOG sits among 48 scored companies in Oil & Gas Exploration & Production (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureEOGIndustry medianIndustry percentileSector median
P/E (TTM) 12.1x 11.0x
62nd		 16.6x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 3.1x 2.0x
79th		 1.8x
Price / book 2.6x 1.5x
85th		 1.9x
Price / tangible book 2.2x 1.3x
85th		 1.9x
Price / free cash flow 12.3x 11.4x
68th		 11.9x
Price / operating cash flow 6.2x 4.5x
78th		 6.9x
Enterprise value $86.2B $6.1B
98th		 $5.3B
EV / sales 3.2x 2.7x
70th		 2.4x
EV / EBITDA 6.1x 6.0x
52nd		 9.0x
EV / EBIT 9.6x 10.0x
42nd		 14.1x
EV / free cash flow 12.8x 12.3x
51st		 14.6x
Earnings yield 8.3% 6.5%
55th		 4.6%
FCF yield 8.1% 8.4%
47th		 5.8%
Operating cash flow yield 16.1% 21.3%
23rd		 13.6%
Graham number (per share) $132.73 $45.98
88th		 $32.92

Profitability (TTM)

MeasureEOGIndustry medianIndustry percentileSector median
Gross margin 75.7% 48.6%
89th		 31.9%
EBITDA margin 52.9% 48.0%
57th		 26.7%
Operating margin 39.1% 24.6%
81st		 15.2%
EBIT margin 33.7% 25.8%
68th		 13.3%
Net margin 25.7% 17.5%
77th		 8.0%
NOPAT margin 30.7% 20.3%
72nd		 12.4%
FCF margin 25.1% 20.0%
68th		 7.8%
Operating cash flow margin 49.9% 46.3%
64th		 21.8%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 20.1% 6.7%
94th		 6.7%
Stock comp / revenue 0.9% 0.9%
49th		 0.7%
Effective tax rate 21.6% 21.0%
72nd		 21.0%

Returns on capital

MeasureEOGIndustry medianIndustry percentileSector median
ROE (on average equity) 22.5% 13.7%
83rd		 12.2%
ROA 13.6% 7.0%
89th		 4.8%
ROIC 23.3% 10.7%
87th		 9.9%
ROCE 18.2% 9.8%
85th		 9.8%
Return on tangible assets 17.9% 9.4%
85th		 8.3%
Cash ROIC (OCF / invested capital) 37.9% 25.0%
85th		 18.4%
Gross profitability (GP / assets) 36.9% 15.7%
96th		 14.8%
ROIC, 3-yr average 19.6% 8.5%
91st		 7.0%
ROIC, 5-yr average 25.2% 17.7%
82nd		 10.1%
ROE, 5-yr average 25.1% 21.1%
72nd		 14.8%
Incremental ROIC 58.9% 18.2%
70th		 14.8%

Growth

MeasureEOGIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 17.8% 14.4%
59th		 10.2%
Revenue growth (QoQ) 27.6% 25.4%
55th		 13.0%
Revenue CAGR, 3 yr 2.1% 2.1%
50th		 2.0%
Revenue CAGR, 5 yr 14.3% 19.9%
33rd		 13.7%
Gross profit CAGR, 3 yr 1.8% -1.3%
62nd		 1.7%
Operating income CAGR, 3 yr -1.9% -14.4%
73rd		 -2.0%
Net income growth (TTM YoY) 20.0% 23.5%
45th		 23.5%
Net income CAGR, 3 yr -7.6% -12.5%
72nd		 -7.8%
EPS growth (TTM YoY) 23.8% 23.6%
52nd		 19.9%
EPS CAGR, 3 yr -4.5% -20.5%
86th		 -9.8%
EPS CAGR, 5 yr 32.2% 22.1%
62nd		 20.5%
FCF growth (TTM YoY) 48.5% 27.0%
63rd		 19.9%
FCF CAGR, 3 yr -5.8% 3.0%
30th		 -3.4%
Operating cash flow CAGR, 3 yr -1.0% 4.9%
38th		 3.2%
Book value CAGR, 3 yr 10.2% 7.9%
56th		 5.6%
Dividend CAGR, 3 yr 4.5% -4.9%
88th		 -0.1%
Sustainable growth rate 15.4% 11.9%
74th		 9.4%

Margin history & stability

MeasureEOGIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 73.9% 46.5%
91st		 31.0%
Operating margin, 3-yr average 36.9% 26.4%
77th		 15.4%
Net margin, 3-yr average 27.4% 16.5%
82nd		 8.7%
FCF margin, 3-yr average 22.0% 15.4%
75th		 7.2%
Revenue stability (0-1) 0.68 0.70
48th		 0.64
Earnings stability (0-1) 0.30 0.14
73rd		 0.22
Margin stability (0-1) 0.93 0.80
93rd		 0.73

Liquidity (latest quarter)

MeasureEOGIndustry medianIndustry percentileSector median
Cash & short-term investments $4.9B $119.5M
98th		 $248.6M
Net cash (− = net debt) −$3.3B −$1.1B
23rd		 −$1.1B
Working capital $4.5B −$48.6M
98th		 $205.0M
Current ratio 1.85 0.95
87th		 1.41
Quick ratio 1.68 0.90
87th		 1.13
Cash ratio (cash + ST investments / current liabilities) 0.92 0.27
87th		 0.36
Defensive interval (days) 315 days 340 days
43rd		 768 days

Leverage & solvency (latest quarter)

MeasureEOGIndustry medianIndustry percentileSector median
Total debt $8.2B $1.3B
89th		 $1.3B
Debt / equity 0.26 0.48
24th		 0.61
Net debt / equity 0.10 0.38
13th		 0.45
Debt / assets 15.1% 23.7%
23rd		 28.7%
Debt / capital 20.6% 32.6%
24th		 37.9%
Debt / EBITDA 0.58 1.74
14th		 1.98
Net debt / EBITDA 0.24 1.32
11th		 1.43
Interest coverage (EBIT / interest) 35.4x 4.9x
93rd		 4.1x
Cash interest coverage 52.4x 11.9x
91st		 6.7x
Debt payback (years of OCF) 0.6 yrs 1.4 yrs
17th		 2.3 yrs
Liabilities / assets 41.8% 47.1%
40th		 54.6%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 312
11th		 275

Efficiency

MeasureEOGIndustry medianIndustry percentileSector median
Asset turnover 0.53 0.39
87th		 0.49
Fixed asset turnover 0.62 0.47
67th		 0.94
Inventory turnover 7.0 26.0
10th		 11.7
Receivables turnover 8.9 9.4
47th		 7.8
Days sales outstanding 41 days 39 days
53rd		 46 days
Days inventory outstanding 52 days 14 days
90th		 31 days
Days payables outstanding 158 days 49 days
87th		 41 days
Cash conversion cycle (days) −65 days −2 days
26th		 18 days
Capex / revenue 24.8% 24.8%
50th		 11.9%
Capex / depreciation 1.29 0.99
63rd		 1.04
Operating expense ratio 39.7% 25.0%
72nd		 16.5%

Cash flow & earnings quality

MeasureEOGIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.94 2.19
35th		 2.02
FCF / net income 0.98 0.98
50th		 0.96
FCF / operating cash flow 50.4% 45.0%
66th		 48.4%
Capex / operating cash flow 49.6% 54.4%
36th		 51.6%
Accruals ratio -12.8% -12.1%
45th		 -7.7%
Sloan accruals ratio -9.2% -9.7%
55th		 -4.7%
Earnings quality score (0-1) 0.75 0.75
0th		 0.75

Dividends & buybacks

MeasureEOGIndustry medianIndustry percentileSector median
Dividend yield 2.6% 2.3%
57th		 1.7%
Dividend per share (TTM) $4.08 $0.78
96th		 $0.66
Payout ratio (dividends / net income) 31.7% 27.5%
64th		 29.4%
Dividends / FCF 32.4% 21.1%
72nd		 28.1%
Dividend growth (YoY) 6.7% -1.5%
75th		 0.5%
Buyback yield 3.5% 0.3%
87th		 0.2%
Shareholder yield (dividends + buybacks) 6.1% 3.5%
70th		 3.2%
Share count change (YoY) -3.1% 0.2%
17th		 0.2%
Buybacks, last 5 years $13.7B $74.3M
98th		 $38.8M

Scores & forensic checks

MeasureEOGIndustry medianIndustry percentileSector median
IS score 83 57
96th		 51
IS profitability 92 66
94th		 50
IS growth 69 61
63rd		 61
IS value 76 71
60th		 57
IS momentum 93 86
63rd		 77
IS risk (safety) 90 30
89th		 50
IS quality 93 81
94th		 68
IS balance sheet 82 56
91st		 55
IS earnings quality 61 61
51st		 65
IS cash flow 81 61
74th		 50
Piotroski F-score (0-9) 8 7
79th		 6
Altman Z-score 3.8 1.6
89th		 2.0
Beneish M-score −2.72 −2.72
51st		 −2.62
Ohlson O-score −10.35 −8.38
15th		 −7.87
IS credit score 94 54
89th		 58

Per share

MeasureEOGIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $13.00 $2.27
96th		 $1.88
Book value per share $60.23 $18.64
89th		 $14.22
Tangible book per share $60.58 $19.14
89th		 $12.86
Revenue per share $50.56 $14.22
87th		 $19.06
FCF per share $12.71 $2.65
87th		 $2.05
Operating cash flow per share $25.25 $6.43
91st		 $4.95
Cash per share $9.28 $1.32
96th		 $1.70

Size (TTM)

MeasureEOGIndustry medianIndustry percentileSector median
Market cap $82.9B $4.3B
98th		 $4.1B
Revenue $26.7B $1.9B
96th		 $2.0B
EBITDA $14.1B $719.1M
96th		 $606.3M
Net income $6.9B $288.8M
96th		 $134.0M
Free cash flow $6.7B $254.3M
98th		 $199.4M
Total assets $54.8B $5.6B
89th		 $4.4B
Shareholders' equity $31.9B $2.1B
89th		 $1.8B
Employees 3,400 429
94th		 1,717

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-25Yacob Ezra Y
Director, Chairman & CEO
 Award / grant 37,905——268,448
2026-09-25Distefano Laura B.
VP & CAO
 Award / grant 5,772——27,522
2026-09-25Donaldson Michael P
EVP & Chief Legal Officer
 Award / grant 9,975——107,299
2026-09-25Leitzell Jeffrey R.
EVP & COO
 Award / grant 13,680——99,829
2026-09-25Leitzell Jeffrey R.
EVP & COO
 Open-market sale 9,039$140.61$1.3M90,790
2026-09-15Donaldson Michael P
EVP & Chief Legal Officer
 Tax withholding 3,234$153.74$497,19597,324
2026-09-15Distefano Laura B.
VP & CAO
 Tax withholding 1,521$153.74$233,83921,750
2026-09-15Yacob Ezra Y
Director, Chairman & CEO
 Tax withholding 11,908$153.74$1.8M230,543
2026-09-15Leitzell Jeffrey R.
EVP & COO
 Tax withholding 1,905$153.74$292,87586,149
2026-09-15Janssen Ann D.
EVP & Chief Financial Officer
 Tax withholding 2,978$153.74$457,83897,501
2026-09-11Donaldson Michael P
EVP & Chief Legal Officer
 Open-market sale 7,336$148.00$1.1M100,558
2026-09-01Distefano Laura B.
VP & CAO
 Tax withholding 974$148.35$144,49323,271

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired3683,987$590,376
Open-market saleDisposed454,204$8.1M
Return to issuerDisposed94$563
Tax withholdingDisposed622,520$3.5M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 12 notices · 74,434 shares · $10.8M
FiledFilerShares proposedEst. proceeds
2026-09-25Leitzell Jeffrey R.9,039$1.3M
2026-09-11Donaldson Michael P7,336$1.1M
2026-08-24Yacob Ezra Y35,942$5.5M
2026-05-28Charles Crisp1,887$256,953
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 11 trades (2 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-02-10Gilbert CisnerosHousePurchase$15,001 - $50,0002026-03-10
2026-02-10Gilbert Ray CisnerosHousePurchase$15,001 - $50,0002026-03-10
2026-01-09Gilbert CisnerosHouseSale$1,001 - $15,0002026-02-16
2026-01-09Gilbert CisnerosHouseSale (Full)$1,001 - $15,0002026-02-13
2025-04-14Katie BrittSenatePurchase$1,001 - $15,0002026-01-26
2025-04-14Katie Boyd BrittSenatePurchase$1,001 - $15,0002026-01-26
2025-04-14Katie BrittSenatePurchase$1,001 - $15,0002026-01-25
2025-04-14Katie Boyd BrittSenatePurchase$1,001 - $15,0002026-01-25
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Capital World Investors55,451,748$7.2B10.57%
BlackRock, Inc.45,522,136$5.9B8.68%
VANGUARD CAPITAL MANAGEMENT LLC34,792,072$4.5B6.63%
STATE STREET CORP33,971,430$4.4B6.48%
JPMORGAN CHASE & CO27,191,201$3.6B5.18%
Capital Research Global Investors21,516,340$2.8B4.10%
Sixth Street Partners Management Company, L.P.17,635,624$2.3B3.36%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC17,635,624$2.3B3.36%
VANGUARD PORTFOLIO MANAGEMENT LLC13,406,956$1.7B2.56%
GEODE CAPITAL MANAGEMENT, LLC12,704,111$1.6B2.42%
AMERIPRISE FINANCIAL INC9,274,800$1.2B1.77%
FRANKLIN RESOURCES INC7,081,929$918.7M1.35%
DIMENSIONAL FUND ADVISORS LP6,010,495$779.8M1.15%
PRICE T ROWE ASSOCIATES INC /MD/5,775,522$749.3M1.10%
Bank of New York Mellon Corp5,016,935$650.8M0.96%

Institutional ownership by quarter

2023-092026-0699.2%
% of shares held by 13F filers
2023-092026-061,633
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,63399.2%171670586128
2026-03-311,60796.8%274609540150
2025-12-311,50895.1%194482666170
2025-09-301,51196.5%132607568105
2025-06-301,50598.3%131633567152
2025-03-311,55197.4%156633586111
2024-12-311,52797.5%19063054491
2024-09-301,45797.4%11460456185
2024-06-301,44699.1%12863150299
2024-03-311,44299.2%143596553131
2023-12-311,44698.8%197562533114
2023-09-301,38299.5%14456050377

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-14SCHEDULE 13G/ACapital World Investors9.7%52,210,897
2026-04-29SCHEDULE 13GVanguard Capital Management7.6%40,520,709
2026-02-13SCHEDULE 13G/ACapital World Investors7.5%40,823,482
2025-08-13SCHEDULE 13G/ACapital Research Global Investors4.5%24,804,173
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.3B
VSMPX0.10%$2.3B
VTI0.10%$2.3B
VTSAX0.10%$2.3B
SCHD2.02%$2.3B
VFINX0.11%$1.9B

Share structure

Shares outstanding524,529,200
Float523,311,568
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$19.7B$29.5B$23.2B$23.4B$22.6B
Cost of revenue$5.3B$4.9B$4.9B$5.7B$7.2B
Gross profit$14.3B$24.6B$18.2B$17.7B$15.4B
R&D$0$0$0$0$0
SG&A$4.7B$7.1B$6.3B$6.4B$4.5B
Operating income$6.1B$10.0B$9.6B$8.1B$7.9B
EBITDA$9.8B$13.6B$13.3B$12.5B$11.3B
Pretax income$5.9B$9.9B$9.7B$8.2B$6.3B
Income tax$1.3B$2.1B$2.1B$1.8B$1.4B
Net income$4.7B$7.8B$7.6B$6.4B$5.0B
EPS, diluted$7.99$13.22$13.00$11.25$9.11
Diluted shares584.0M587.0M584.0M569.0M539.2M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$5.2B$6.0B$5.3B$7.1B$3.4B
Receivables$2.3B$2.9B$2.7B$2.6B$2.7B
Inventory$584.0M$1.1B$1.3B$985.0M$1.0B
Total current assets$8.6B$10.5B$9.9B$11.2B$7.1B
PP&E, net$28.4B$29.4B$32.3B$34.2B$6.8B
Goodwill & intangibles$0$0$0$0$0
Total assets$38.2B$41.4B$43.9B$47.2B$51.8B
Accounts payable$2.2B$2.5B$2.4B$2.5B$2.9B
Total current liabilities$4.0B$5.5B$4.1B$5.4B$3.7B
Long-term debt$4.9B$3.6B$3.6B$4.1B$7.9B
Total liabilities$16.1B$16.6B$15.8B$17.8B$22.0B
Shareholders' equity$22.2B$24.8B$28.1B$29.4B$29.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$4.7B$7.8B$7.6B$6.4B$5.0B
Depreciation & amortization$5.2B$3.5B$3.5B$4.1B$4.5B
Stock-based compensation$152.0M$133.0M$177.0M$199.0M$216.0M
Change in working capital−$518.0M−$1.2B$191.0M$550.0M−$840.0M
Operating cash flow$8.8B$11.1B$11.3B$12.1B$10.0B
Capital expenditure−$3.9B−$5.0B−$6.2B−$6.4B−$6.1B
Free cash flow$4.9B$6.1B$5.2B$5.8B$3.9B
Investing cash flow−$3.4B−$5.1B−$6.3B−$6.0B−$10.9B
Net debt issued / repaid−$787.0M−$35.0M−$1.3B$952.0M$1.9B
Buybacks−$41.0M−$118.0M−$1.0B−$3.2B−$2.6B
Dividends paid−$2.7B−$5.1B−$3.4B−$2.1B−$2.2B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin72.8%81.4%72.7%75.7%68.1%
Operating margin31.0%33.8%41.4%34.6%35.1%
Net margin23.7%26.3%32.8%27.4%22.1%
FCF margin25.1%20.7%22.2%24.7%15.8%
ROE22.0%33.0%28.7%22.3%16.8%
ROIC21.0%31.5%27.9%23.0%17.9%
ROA12.6%19.5%17.8%14.1%10.1%
Debt / equity0.270.240.150.170.28
Interest coverage34.3x56.3x66.5x60.6x29.8x
Current ratio2.121.902.442.101.92
Revenue growth+99.2%+49.9%−21.4%+0.8%−3.5%
EPS growth+866.1%+65.5%−0.9%−12.7%−19.1%
P/E at year end9.3x8.8x8.7x10.4x11.4x
EV / EBITDA at year end4.5x5.0x4.9x5.2x5.5x
FCF yield at year end11.41%8.92%7.81%8.68%6.29%
Dividend payout57.5%66.3%44.6%32.6%43.4%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Oil and Condensate$11.1B$16.4B$13.7B$13.9B$12.5B
Natural Gas, Gathering, Transportation, Marketing and Processing$4.3B$6.7B$5.8B$5.8B$4.9B
Natural Gas, Production$2.4B$3.8B$1.7B$1.6B$2.8B
Natural Gas Liquids$1.8B$2.6B$1.9B——
Gains (Losses) On Mark-To-Market Commodity Derivative Contracts−$1.2B−$4.0B$818.0M——
Other, Net$108.0M$118.0M$91.0M$100.0M$72.0M
Gains (Losses) On Asset Dispositions, Net$17.0M————

Revenue by region · FY2025

UNITED STATES$22.3B · 98%
TRINIDAD AND TOBAGO$359.0M · 2%
Other International$5.0M · 0%

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $4.41 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$28.8B$27.4B – $30.1B$17.73$16.23 – $18.81168.9x
2027$26.6B$25.4B – $28.3B$15.72$13.82 – $18.351710.1x
2028$25.8B$22.3B – $28.7B$15.07$10.18 – $17.62810.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$4.97$5.07+2.0%$8.0B$8.6B+7.1%
2026-05-05$3.23$3.41+5.6%$6.2B$6.9B+11.9%
2026-02-24$2.20$2.27+3.2%$5.8B$5.6B−2.2%
2025-11-06$2.46$2.71+10.2%$6.0B$5.7B−4.0%
2025-08-07$2.23$2.32+4.0%$5.4B$5.4B−1.4%
2025-05-01$2.80$2.87+2.5%$5.9B$5.8B−1.1%
2025-02-28$2.55$2.74+7.5%$6.0B$5.7B−5.2%
2024-11-08$3.01$3.44+14.3%$6.0B$5.9B−2.2%
2024-08-01$2.96$3.16+6.8%$6.1B$6.1B−0.3%
2024-05-02$2.71$2.82+4.1%$5.9B$5.9B−0.9%
2024-02-22$3.07$3.070.0%$6.2B$6.0B−2.4%
2023-11-02$3.02$3.44+13.9%$5.7B$6.1B+7.2%
2023-08-03$2.32$2.49+7.3%$5.3B$5.5B+2.8%
2023-05-04$2.48$2.69+8.5%$5.5B$5.6B+1.3%
2023-02-23$3.37$3.30−2.1%$5.8B$6.5B+11.8%
2022-11-03$3.73$3.71−0.5%$6.3B$7.6B+21.4%
2022-08-04$2.63$2.74+4.2%$5.5B$8.6B+58.0%
2022-05-05$3.69$4.00+8.4%$5.5B$6.8B+22.0%
2022-02-24$3.19$3.09−3.1%$6.0B$5.9B−0.8%
2021-11-04$2.04$2.16+5.9%$4.5B$5.2B+16.4%
2021-08-04$1.56$1.73+10.9%$4.1B$4.5B+8.5%
2021-05-06$1.44$1.62+12.5%$3.5B$4.0B+16.5%
2021-02-25$0.35$0.71+102.9%$2.3B$2.9B+24.1%
2020-11-05$0.16$0.43+168.8%$2.2B$2.3B+2.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.606-150.606-220.406-290.407-060.507-130.407-200.407-270.708-030.408-100.408-170.608-240.608-31
Week ofNotionalSharesTrades
2026-08-31$589.7M4,013,84886,241
2026-08-24$574.0M3,936,85782,429
2026-08-17$367.5M2,455,02670,191
2026-08-10$417.2M2,937,46380,027
2026-08-03$748.2M5,417,084123,293
2026-07-27$443.1M3,093,07988,058

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1561.2%
DateShort shareShort volumeTotal volume
2026-10-1561.2%595,728973,886
2026-10-1463.1%608,130964,111
2026-10-1362.7%526,288839,984
2026-10-1235.2%373,9711,063,658
2026-10-0962.9%579,450921,189
2026-10-0866.6%689,0101,034,216
2026-10-0760.7%424,993700,058
2026-10-0654.3%414,634763,272
2026-10-0564.7%581,271897,938
2026-10-0245.8%498,3261,087,811
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+2.6Jan+1.0Feb+1.9Mar+3.9Apr-0.0May+0.5Jun-0.9Jul-1.2Aug+0.2Sep+3.2Oct+3.4Nov-1.0Dec
MonthAvg returnUp yearsYears
Jan+2.6%65%20
Feb+1.0%45%20
Mar+1.9%62%21
Apr+3.9%45%20
May−0.0%45%20
Jun+0.5%50%20
Jul−0.9%45%20
Aug−1.2%45%20
Sep+0.2%50%20
Oct+3.2%55%20
Nov+3.4%55%20
Dec−1.0%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1471.3
MFI79.1
ADX20.1
Stochastic %K / %D93.7 / 94.5
Williams %R-1.6
CCI169
TSI / signal20.1 / 5.8
Chaikin money flow0.15
ATR$3.59
Bollinger width15.9%
Volume vs 20-day avg1.83x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$144.31 (+9.5%)
SMA 50$144.82 (+9.1%)
SMA 200$132.40 (+19.3%)
EMA 21$146.93 (+7.5%)
EMA 50$144.34 (+9.5%)
EMA 200$134.03 (+17.9%)
Bollinger upper$155.77 (+1.4%)
Bollinger lower$132.84 (+18.9%)
Parabolic SAR$144.75 (+9.2%)
Open the live chart, 110+ indicators

About EOG Resources, Inc.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

https://www.eogresources.com

Key executives

NameTitlePayBorn
Ezra Y. YacobChief Executive Officer & Chairman$4.8M1977
Michael DonaldsonExecutive Vice President & Chief Legal Officer$2.0M1963
Jeffrey R. LeitzellExecutive Vice President & Chief Operating Officer$2.0M1980
Ann D. JanssenExecutive Vice President & Chief Financial Officer$1.8M1965
Chase KriegerVice President of Corporate Development——
Laura DistefanoVice President & Chief Accounting Officer——
Lori A. GeigerVice President of Marketing——
Michele L. HatzSenior Vice President & Chief Human Resources Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
EZRA Y. YACOB Chairman of the Board and Chief Executive Officer2025$1.4M$12.7M$2.7M$17.6M
JEFFREY R. LEITZELL Executive Vice President and Chief Operating Officer2025$771,692$4.7M$990,000$6.6M
MICHAEL P. DONALDSON Executive Vice President and Chief Legal Officer2025$784,462$4.2M$912,600$6.2M
ANN D. JANSSEN Executive Vice President and Chief Financial Officer2025$725,385$3.4M$925,000$5.2M

Employees

3k20183k20193k20203k20213k20223k20233k20243k2025

Dividends

Ex-dateAmountPaid
2026-10-16$1.022026-10-30
2026-07-17$1.022026-07-31
2026-04-16$1.022026-04-30
2026-01-16$1.022026-01-30
2025-10-17$1.022025-10-31
2025-07-17$0.9752025-07-31
2025-04-16$0.9752025-04-30
2025-01-17$0.9752025-01-31

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage62
Intangibles61
Switching costs61
Network effect45
Efficient scale76
Our component scores (0-100) and overall 61.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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