EOG Resources Inc (EOG)
NYSE:EOG
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.01Last Year’s EPS
2.32Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, cost reductions, robust free cash flow generation, disciplined capital allocation and aggressive shareholder returns, while acknowledging near-term natural gas weakness, some operational disruptions, exploration timing slippage, and geopolitical volatility. Positives (financial strength, productivity gains, marketing/infrastructure advantages and projected record free cash flow) materially outweigh the contained lowlights and risks, which management is actively mitigating.Company Guidance
Strong Quarterly Financial Results
Generated $1.8 billion in adjusted net income, $1.5 billion in free cash flow, adjusted EPS of $3.41 and adjusted cash flow from operations per share of $5.85 for Q1 2026.
Robust Free Cash Flow Outlook and Shareholder Returns
At current strip pricing and guidance midpoints, management projects a record $8.5 billion in 2026 free cash flow and expects to return at least 70% of free cash flow this year; returned nearly $950 million in Q1 (≈$550M regular dividend, ≈$400M repurchases) with $2.9 billion remaining repurchase authorization.
Capital Discipline: Flat CapEx with Increased Oil/NGLs
Maintaining a $6.5 billion 2026 capital budget while increasing full-year oil production guidance by ~2 thousand barrels/day and NGL guidance by ~6 thousand barrels/day via capital reallocation from gas to oil-weighted assets.
Operational Efficiency and Cost Reductions
Reduced average well cost by 7% and operating costs by 4% year-over-year; key operating metrics (volumes, per-unit cash operating costs, DD&A) beat guidance midpoints; average ROCE of 27% (2022–2026 period cited).
Productivity Gains in Drilling and Completions
Drilled feet/day increased vs. 2025 average: Utica +22%, Powder River +13%, Eagle Ford +12%. Completed lateral feet/day increases: Delaware +17%, Eagle Ford +12%. Maximum pumping rate capacity up ~20% per frac fleet since 2023.
High Utilization of Strategic Infrastructure and Marketing Advantages
Janus processing averaged 300 MMcf/d in operation (94% utilization) with a 100% utilization month in March. Access to ~250 kbpd export capacity out of Corpus Christi. Cheniere LNG contract phased to 420k BTUs/day (linked to JKM or Henry Hub); additionally supplying 300k BTUs/day Henry Hub-linked.
Shareholder Return Track Record and Capital Deployment
Repurchased ~3.2M shares in Q1 and ~2.3M additional shares Apr 1–28; $7.1 billion repurchased since 2023, reducing share count by >10%. Company has returned ≈$20 billion to shareholders (2022–2026 reference) and emphasizes sustaining a regular dividend (never reduced in 28 years).
Balance Sheet and Liquidity Strength
Ended Q1 with >$3.8 billion cash (≈$450M increase since YE 2025) and net debt of $4.1 billion; maintains a leverage target of total debt <1x EBITDA at $45 WTI / $2.50 Henry Hub to preserve financial flexibility.
Successful M&A and International Expansion
Bolt-on acquisition activity (e.g., Eagle Ford) and the nCino/Encino integration increased oil production and delivered operational synergies; expanded international footprint with concessions in UAE and Bahrain to pursue high-quality exploration opportunities.
EOG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EOG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $140.82 | $134.69 | -4.35% |
Feb 24, 2026 | $122.75 | $121.56 | -0.97% |
Nov 06, 2025 | $103.21 | $103.61 | +0.39% |
Aug 07, 2025 | $112.91 | $113.21 | +0.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does EOG Resources Inc (EOG) report earnings?
EOG Resources Inc (EOG) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is EOG Resources Inc (EOG) earnings time?
EOG Resources Inc (EOG) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EOG EPS forecast?
EOG EPS forecast for the fiscal quarter 2026 (Q2) is 5.01.