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EOG Resources (EOG)
NYSE:EOG
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.31Last Year’s EPS
2.87Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, substantial free cash flow generation ($4.7B in 2025), disciplined capital allocation, meaningful cost reductions (7% company-wide; ~20% in the Delaware 2023–2025), successful Encino integration and Utica cost improvements (well cost < $600/ft), and a robust shareholder return program (100% of 2025 FCF returned, 8% dividend increase). Lowlights were mostly near-term or execution/messaging related: inventory builds pressuring near-term prices, perception concerns around Permian productivity as development mixes into additional landing zones with lower per‑foot productivity, a still-stable service cost market with only partial cost hedging, and international opportunities remaining early-stage. On balance the highlights materially outweigh the lowlights: the company presents a resilient, cash-generative profile with a conservative balance sheet and continued focus on returning capital while investing selectively for growth.Company Guidance
Strong Free Cash Flow and Shareholder Returns
Generated $4.7 billion in free cash flow in 2025 and nearly $1 billion in Q4; returned 100% of 2025 free cash flow to shareholders through an 8% regular dividend increase and $2.5 billion in share repurchases; paid $2.2 billion in regular dividends ($3.95/share) for the year and returned $14 billion to shareholders over the past three years.
Robust Profitability and Cash Metrics
Reported adjusted net income of $5.5 billion ($10.16/share) for 2025; Q4 adjusted EPS of $2.27 and adjusted cash flow from operations per share of $4.86; 2025 return on capital employed (ROCE) of 19% and three-year average ROCE of ~24%.
Material Reserve and Production Replacement
Increased proved reserves by 16% to 5.5 billion boe; net proved reserve additions (ex-price revisions) replaced 254% of 2025 total production.
Capital Discipline and 2026 Financial Outlook
2026 capital program midpoint $6.5 billion expected to generate ~ $4.5 billion in free cash flow at current strip pricing; plan to return 90%–100% of annual free cash flow; breakeven price to cover 2026 capex and regular dividend is $50 WTI.
Operational Efficiency and Lower Costs
Company-wide well cost reductions of 7% in 2025; Delaware Basin well costs reduced ~20% from 2023–2025 to at-or-below $725/ft; targeted low single-digit well-cost reductions in 2026 through sustainable efficiency gains.
Encino Integration and Utica Cost Wins
Completed $150 million Encino synergy target ahead of schedule; Encino integration drove >35% increase in drilled feet/day, >10% increase in completed feet/day, >30% reduction in casing cost in some areas, and Utica well cost below $600/ft by year-end 2025.
Dorado Transition to Foundational Gas Asset
Dorado achieved 2025 exit gross production of ~750 MMcf/d and targets 1 Bcf/d exit in 2026; reduced well cost to about $750/ft and reported a low breakeven of ~$1.40/Mcf; improved drilled feet/day +30% (2023–2025) and completed lateral feet/day +20% (2023–2025).
Balance Sheet and Liquidity Strength
Ended 2025 with $3.4 billion cash, $7.9 billion long-term debt, an undrawn $3.0 billion revolver, and total liquidity ~ $6.4 billion; $3.3 billion remaining under current share repurchase authorization; conservative leverage target (total debt <1x EBITDA at bottom cycle).
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 |
|---|---|---|---|
Feb 24, 2026 | $123.70 | $122.50 | -0.97% |
Nov 06, 2025 | $104.01 | $104.41 | +0.39% |
Aug 07, 2025 | $113.78 | $114.09 | +0.27% |
May 01, 2025 | $108.67 | $107.88 | -0.73% |
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 (EOG) report earnings?
EOG Resources (EOG) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is EOG Resources (EOG) earnings time?
EOG Resources (EOG) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
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 (Q1) is 2.31.