Jun 2026 (Q2 FY26) — Aug 5, 2026
EOG Resources Q2 FY26 — Record Financial Performance and Exploration Success
Read the full callEOG Resources (EOG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
EOG Resources earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,620 | +57.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 40.9 | +9.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2,724 | +102.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
26 of 27 judged targets kept · 39 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dorado direct well cost per foot in 2026 | below $700 per foot | Mar 2026 | Year-to-date, direct well costs are less than $700 per foot or 7% lower than last year | Achieved |
| Full-year 2026 free cash flow | approximately $4.5 billion at strip pricing | Dec 2025 | At strip pricing and using guidance midpoints, our 2026 plan generates $8 billion in free cash flow | Revised Down |
| Full-year 2026 capital expenditures | $6.5 billion at the midpoint of guidance | Dec 2025 | we expect to deliver 5% oil production growth and 14% total production growth, with capital expenditures unchanged at $6.5 billion | On Track |
1 of EOG RESOURCES INC's 66 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 63 more targets are in the full ledger.
Claimed
- Achieved record adjusted earnings per share of $5.07, adjusted cash flow per share of $8.29, and free cash flow of $2.8 billion.
- Returned over $1.8 billion to shareholders in Q2 FY26, comprising $540 million in regular dividends and $1.3 billion in share repurchases.
- UAE exploration wells produced over 25,000 barrels of oil per well in the first 30 days, exceeding expectations.
- Identified a new Austin Chalk sweet spot in Lavaca County, organically leasing 60,000 net acres with wells achieving less than 1-year payout at $65 WTI.
- Delaware Basin drilling feet per day increased 13% and completed lateral feet per day increased 5% year-to-date, reducing direct well costs by $15 per foot.
Qualified
- Operations in Bahrain have been intermittent due to ongoing conflict, impacting exploration timelines.
- Experienced slight inflation across various services, though largely mitigated by efficiency gains.
Price
$157.65 −0.23% · −$0.36
Performance +48.4% 1Y
1Y: $106.22 on 17 Oct 2025 → $157.65. High $158.01 (16 Oct 2026), low $101.78 (16 Dec 2025).
- Previous close
- $158.01
- 52-week range
- $101.78 – $158.01
- One year
- +48.17%
Overview
- Symbol
- EOG
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
26 of 27 judged targets kept · 39 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dorado direct well cost per foot in 2026 | below $700 per foot | Mar 2026 | Year-to-date, direct well costs are less than $700 per foot or 7% lower than last year | Achieved |
| Full-year 2026 free cash flow | approximately $4.5 billion at strip pricing | Dec 2025 | At strip pricing and using guidance midpoints, our 2026 plan generates $8 billion in free cash flow | Revised Down |
| Full-year 2026 capital expenditures | $6.5 billion at the midpoint of guidance | Dec 2025 | we expect to deliver 5% oil production growth and 14% total production growth, with capital expenditures unchanged at $6.5 billion | On Track |
Claimed
- Achieved record adjusted earnings per share of $5.07, adjusted cash flow per share of $8.29, and free cash flow of $2.8 billion.
- Returned over $1.8 billion to shareholders in Q2 FY26, comprising $540 million in regular dividends and $1.3 billion in share repurchases.
- UAE exploration wells produced over 25,000 barrels of oil per well in the first 30 days, exceeding expectations.
- Identified a new Austin Chalk sweet spot in Lavaca County, organically leasing 60,000 net acres with wells achieving less than 1-year payout at $65 WTI.
- Delaware Basin drilling feet per day increased 13% and completed lateral feet per day increased 5% year-to-date, reducing direct well costs by $15 per foot.
Qualified
- Operations in Bahrain have been intermittent due to ongoing conflict, impacting exploration timelines.
- Experienced slight inflation across various services, though largely mitigated by efficiency gains.
The full ledger
Open EOG RESOURCES INC’s full ledger
A free account opens 5 company ledgers a month. All 66 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
EOG Resources Q1 FY26 — Record FCF outlook as capital reallocates from gas to oil
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
EOG Resources Q4 FY25 — Strong FCF, Shareholder Returns, and Strategic Portfolio Expansion
Read the full callEvery analysed call
EOG Resources earnings calls (EOG)
Financials
What the filings say
Net profit, year on year: +103% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5,965 | 5,585 | 5,669 | 5,478 | 5,847 | 5,638 | 6,921 | 8,620 |
| Expenses | 3,876 | 3,993 | 3,810 | 3,731 | 4,011 | 4,695 | 4,323 | 5,092 |
| Operating profit | 2,089 | 1,592 | 1,859 | 1,747 | 1,836 | 943 | 2,598 | 3,528 |
| Operating margin | 35.0% | 28.5% | 32.8% | 31.9% | 31.4% | 16.7% | 37.5% | 40.9% |
| Interest | 31 | 38 | 47 | 51 | 71 | 66 | 66 | 67 |
| Profit before tax | 2,134 | 1,624 | 1,877 | 1,751 | 1,824 | 910 | 2,555 | 3,499 |
| Tax rate | 21.6% | 23.0% | 22.1% | 23.2% | 19.4% | 23.0% | 22.5% | 22.1% |
| Net profit | 1,673 | 1,251 | 1,463 | 1,345 | 1,471 | 701 | 1,980 | 2,724 |
| EPS ($ per share) | 2.97 | — | 2.66 | 2.48 | 2.72 | — | 3.72 | 5.18 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 206 | 206 | 206 | 206 | 206 | 206 | 206 | 206 |
| Reserves | 13,543 | 15,649 | 14,170 | 15,919 | 18,472 | 22,634 | 26,941 | 29,765 |
| Total liabilities | 14,570 | 15,485 | 15,503 | 16,056 | 16,592 | 15,767 | 17,835 | 21,966 |
| Fixed assets | 28,076 | 30,364 | 28,599 | 28,426 | 29,429 | 32,297 | 34,212 | 42,341 |
| Total assets | 33,934 | 37,125 | 35,805 | 38,236 | 41,371 | 43,857 | 47,186 | 51,799 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 7,769 | 8,163 | 5,008 | 8,791 | 11,093 | 11,340 | 12,143 | 10,044 |
| Cash from investing | -6,170 | -6,177 | -3,348 | -3,419 | -5,056 | -6,340 | -5,967 | -10,936 |
| Cash from financing | -839 | -1,513 | -359 | -3,493 | -5,273 | -5,694 | -4,361 | -2,804 |
| Net cash flow | — | 472 | 1,301 | 1,880 | 763 | -694 | 1,814 | -3,696 |
| Capital expenditure | -237 | -598 | -221 | -212 | -774 | -944 | -1,165 | -748 |
| Free cash flow | 7,531 | 7,565 | 4,787 | 8,579 | 10,319 | 10,396 | 10,978 | 9,296 |
EOG revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Trinidad | — | 2% | 2% | 2% | 2% | 2% | 1% | 1% | +41.1% |
| Other International | 0% | — | 0% | 0% | <1% | <1% | <1% | <1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
109 filings between Oct 31, 2025 and Sep 25, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$10.81M
12 sales by 5 insiders
42% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 62
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 15
- Tax withheld — shares kept back by the company to cover tax
Also filed: 14 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Yacob Ezra Y | — | $5.47M | Aug 24, 2026 |
| Leitzell Jeffrey R. | — | $3.07M | Sep 25, 2026 |
| Donaldson Michael P | — | $1.09M | Sep 11, 2026 |
| Janssen Ann D. | — | $931.5K | Mar 19, 2026 |
| CRISP CHARLES R | — | $257.0K | May 28, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 25, 2026 | Distefano Laura B. VP & CAO | Award | 5,772 | $0 |
| Sep 25, 2026 | Donaldson Michael P EVP & Chief Legal Officer | Award | 9,975 | $0 |
| Sep 25, 2026 | Leitzell Jeffrey R. EVP & COO | Sale 10b5-1 plan | 9,039 | $1.27M |
| Sep 25, 2026 | Leitzell Jeffrey R. EVP & COO | Award 10b5-1 plan | 13,680 | $0 |
| Sep 25, 2026 | Yacob Ezra Y Chairman & CEO | Award | 37,905 | $0 |
| Sep 15, 2026 | Leitzell Jeffrey R. EVP & COO | Tax withheld | 1,905 | $292.9K |
| Sep 15, 2026 | Donaldson Michael P EVP & Chief Legal Officer | Tax withheld | 3,234 | $497.2K |
| Sep 15, 2026 | Distefano Laura B. VP & CAO | Tax withheld | 1,521 | $233.8K |
| Sep 15, 2026 | Yacob Ezra Y Chairman & CEO | Tax withheld | 11,908 | $1.83M |
| Sep 15, 2026 | Janssen Ann D. EVP & Chief Financial Officer | Tax withheld | 2,978 | $457.8K |
| Sep 11, 2026 | Donaldson Michael P EVP & Chief Legal Officer | Sale | 7,336 | $1.09M |
| Sep 1, 2026 | Distefano Laura B. VP & CAO | Tax withheld | 974 | $144.5K |
| Aug 24, 2026 | Yacob Ezra Y Chairman & CEO | Sale | 35,942 | $5.47M |
| Jul 31, 2026 | Donaldson Michael P EVP & Chief Legal Officer | Award | 148 | $22.0K |
| Jul 31, 2026 | Leitzell Jeffrey R. EVP & COO | Award | 4 | $620 |
| Jul 31, 2026 | Dugle Lynn A Director | Award | 42 | $6.2K |
| Jul 31, 2026 | GAUT C CHRISTOPHER Director | Award | 143 | $21.3K |
| Jul 31, 2026 | Kerr Michael T. Director | Award | 365 | $54.3K |
| Jul 31, 2026 | CLARK JANET F Director | Award | 314 | $46.7K |
| Jul 31, 2026 | CRISP CHARLES R Director | Award | 283 | $42.0K |
| Jul 31, 2026 | DANIELS ROBERT P Director | Award | 446 | $66.4K |
| Jul 31, 2026 | Yacob Ezra Y Chairman & CEO | Award | 2 | $357 |
| Jun 30, 2026 | Yacob Ezra Y Chairman & CEO | Award | 163 | $14.9K |
| Jun 30, 2026 | Janssen Ann D. EVP & Chief Financial Officer | Award | 233 | $21.3K |
| Jun 30, 2026 | Donaldson Michael P EVP & Chief Legal Officer | Award | 233 | $21.3K |
| May 28, 2026 | CRISP CHARLES R Director | Sale | 1,887 | $257.0K |
| May 27, 2026 | Kerr Michael T. Director | Award | 57 | $7.6K |
| May 27, 2026 | DANIELS ROBERT P Director | Award | 57 | $7.6K |
| May 27, 2026 | Dugle Lynn A Director | Award | 57 | $7.6K |
| May 26, 2026 | CHANDLER JOHN D Director | Award | 1,541 | $0 |
| May 26, 2026 | DANIELS ROBERT P Director | Award | 1,541 | $0 |
| May 26, 2026 | Kerr Michael T. Director | Award | 1,541 | $0 |
| May 26, 2026 | CLARK JANET F Director | Award | 1,541 | $0 |
| May 26, 2026 | CRISP CHARLES R Director | Award | 1,541 | $0 |
| May 26, 2026 | ROBERTSON JULIE J Director | Award | 1,541 | $0 |
| May 26, 2026 | Dugle Lynn A Director | Award | 1,541 | $0 |
| May 26, 2026 | GAUT C CHRISTOPHER Director | Award | 1,541 | $0 |
| Apr 30, 2026 | DANIELS ROBERT P Director | Disposition to issuer | 1 | $78 |
| Apr 30, 2026 | CLARK JANET F Director | Award | 330 | $46.4K |
| Apr 30, 2026 | DANIELS ROBERT P Director | Award | 455 | $63.9K |
| Apr 30, 2026 | CRISP CHARLES R Director | Disposition to issuer | 1 | $88 |
| Apr 30, 2026 | CRISP CHARLES R Director | Award | 297 | $41.7K |
| Apr 30, 2026 | Donaldson Michael P EVP & Chief Legal Officer | Award | 155 | $21.8K |
| Apr 30, 2026 | CLARK JANET F Director | Disposition to issuer | 1 | $88 |
| Apr 30, 2026 | Leitzell Jeffrey R. EVP & COO | Award | 4 | $616 |
| Apr 30, 2026 | Yacob Ezra Y Chairman & CEO | Disposition to issuer | 0 | $1 |
| Apr 30, 2026 | Yacob Ezra Y Chairman & CEO | Award | 3 | $355 |
| Apr 30, 2026 | Leitzell Jeffrey R. EVP & COO | Disposition to issuer | 0 | $1 |
| Apr 30, 2026 | Kerr Michael T. Director | Disposition to issuer | 1 | $88 |
| Apr 30, 2026 | Kerr Michael T. Director | Award | 370 | $52.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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