EOG Resources (EOG) AI Stock Analysis

• Market Cap: $56.16B
• Dividend Yield: 3.79%
• Average Volume (3M): 3.59M
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.56
• Revenue Growth: -5.15%
• EPS Growth: -19.06%
• Country: US
• Employees: 3,150
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 2.71
• Shares Outstanding: 542,598,450
• 10 Day Avg. Volume: 4,214,944
• 30 Day Avg. Volume: 3,592,884
• PEG Ratio: -0.80
• Price to Book (P/B): 2.36
• Price to Sales (P/S): 2.97
• P/FCF Ratio: 10.22
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 2.90
• Enterprise Value/Gross Profit: 3.97
• Enterprise Value/Ebitda: 5.69
• 1Y Price Target: $136.56
• Price Target Upside: 31.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 20
• EPS Forecast (FY): 10.21
• Revenue Forecast (FY): $22.77B

• Rating: 78 Outperform
• Price Target: $127.00 ▲(22.71% Upside)

EOG Resources' overall stock score reflects its strong financial performance, attractive valuation, and positive earnings call insights. The company's strategic initiatives and robust shareholder returns are significant strengths, while technical indicators and recent corporate events provide additional support. However, challenges such as declining revenue growth and market uncertainties slightly temper the outlook.

Positive Factors

Operational Efficiency

Improved capital efficiency through cost reduction and increased lateral length enhances EOG's competitive position and profitability.

Financial Flexibility

The new credit agreement enhances financial flexibility, supporting operational leverage and growth opportunities.

International Expansion

International expansion into the UAE and Bahrain diversifies EOG's portfolio and opens new growth avenues.

Negative Factors

Revenue Growth Challenges

A declining revenue growth rate indicates potential challenges in maintaining top-line growth, impacting long-term financial performance.

Free Cash Flow Concerns

Negative free cash flow growth could signal potential cash flow challenges, affecting reinvestment and dividend capabilities.

High-Spec Service Costs

Resilient high-spec service costs may increase operational expenses, impacting margins and profitability.

EOG Resources Business Overview & Revenue Model

Company Description

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

How the Company Makes Money

EOG Resources generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids. The company employs a revenue model based on the production and sale of hydrocarbons, with a significant portion of its income coming from oil sales given the higher price point compared to natural gas. EOG strategically invests in exploration and development projects in key oil-rich regions, allowing it to enhance its production capabilities. Additionally, EOG benefits from its operational efficiency and cost management strategies, which contribute to its profitability. The company also engages in hedging activities to mitigate risks associated with price fluctuations in the commodities market. Key partnerships with service companies and joint ventures in certain plays further bolster EOG's ability to maximize its production and revenue potential.

EOG Resources Financial Statement Overview

Summary

EOG Resources has a strong financial foundation with robust profitability and a stable balance sheet. However, challenges such as declining revenue growth and negative free cash flow growth in the TTM period are notable concerns. The company's operational efficiency and prudent financial management provide a solid base for future growth.

Income Statement

EOG Resources has demonstrated strong profitability with a consistent net profit margin above 24% in recent years. However, the TTM data shows a decline in revenue growth rate, indicating potential challenges in maintaining top-line growth. Despite this, the company maintains solid EBIT and EBITDA margins, reflecting operational efficiency.

Balance Sheet

The company's balance sheet is robust, with a low debt-to-equity ratio indicating prudent financial leverage. The return on equity remains healthy, showcasing effective utilization of shareholder funds. The equity ratio is stable, suggesting a solid capital structure.

Cash Flow

EOG Resources has a strong operating cash flow to net income ratio, indicating efficient cash generation relative to earnings. However, the free cash flow growth rate has been negative in the TTM period, which could signal potential cash flow challenges. The free cash flow to net income ratio remains reasonable, supporting dividend payments and potential reinvestments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.58B	23.38B	23.18B	29.49B	19.67B	9.87B
Gross Profit	16.50B	17.70B	18.24B	24.62B	14.32B	4.95B
EBITDA	11.54B	12.46B	13.33B	13.62B	9.76B	2.87B
Net Income	5.53B	6.40B	7.59B	7.76B	4.66B	-605.00M
Balance Sheet
Total Assets	52.20B	47.19B	43.86B	41.37B	38.24B	35.80B
Cash, Cash Equivalents and Short-Term Investments	3.53B	7.09B	5.28B	5.97B	5.21B	3.33B
Total Debt	8.13B	5.07B	4.16B	5.96B	5.91B	6.75B
Total Liabilities	21.91B	17.84B	15.77B	16.59B	16.06B	15.50B
Stockholders Equity	30.29B	29.35B	28.09B	24.78B	22.18B	20.30B
Cash Flow
Free Cash Flow	3.89B	5.77B	5.16B	6.09B	4.94B	1.54B
Operating Cash Flow	10.20B	12.14B	11.34B	11.09B	8.79B	5.01B
Investing Cash Flow	-10.45B	-5.97B	-6.34B	-5.06B	-3.42B	-3.35B
Financing Cash Flow	-2.34B	-4.36B	-5.69B	-5.27B	-3.49B	-359.02M

EOG Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 103.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EOG, the sentiment is Negative. The current price of 103.5 is below the 20-day moving average (MA) of 107.16, below the 50-day MA of 106.94, and below the 200-day MA of 113.17, indicating a bearish trend. The MACD of -1.42 indicates Positive momentum. The RSI at 41.65 is Neutral, neither overbought nor oversold. The STOCH value of 25.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EOG.

EOG Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FANG	81 Outperform	$41.92B	10.17	10.92%	2.70%	60.29%	-17.62%
DVN	79 Outperform	$22.38B	8.39	18.35%	2.64%	11.14%	-21.32%
COP	78 Outperform	$113.12B	12.95	15.37%	3.43%	8.41%	-16.12%
EOG	78 Outperform	$56.16B	10.31	18.48%	3.79%	-5.15%	-19.06%
EQT	76 Outperform	$33.66B	18.40	8.19%	1.17%	64.84%	219.47%
OXY	67 Neutral	$39.26B	29.00	5.82%	2.39%	-2.48%	-65.26%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

EOG Resources Corporate Events

EOG Resources Appoints John D. Chandler to Board

On December 10, 2025, EOG Resources appointed John D. Chandler to its Board of Directors and the Audit Committee. Chandler, who has over 30 years of experience in the energy industry, brings significant financial leadership and business development expertise, having previously served as CFO for The Williams Companies and Magellan Midstream Partners. His appointment is expected to enhance EOG’s strategic capabilities in the oil and gas sector.

EOG Resources Secures New $3 Billion Credit Agreement

On December 3, 2025, EOG Resources, Inc. entered into a new $3.0 billion senior unsecured Revolving Credit Agreement with JPMorgan Chase Bank, replacing its previous $1.9 billion agreement from June 2023. This strategic move enhances EOG’s financial flexibility, as the previous facility was terminated without penalty and had no outstanding borrowings, positioning the company for improved operational leverage and potential growth opportunities.

EOG Resources Completes $1 Billion Debt Offering

On November 24, 2025, EOG Resources completed a public offering of $1 billion in debt securities, including $750 million in 4.400% Senior Notes due 2031 and $250 million in 5.950% Senior Notes due 2055. The proceeds from this offering are intended to repay or redeem EOG’s 4.15% Senior Notes due 2026. This strategic financial move is expected to optimize EOG’s debt structure and potentially enhance its market positioning by reducing near-term debt obligations.

EOG Resources Releases Q3 2025 Financial Results

EOG Resources, Inc. released its third quarter 2025 financial and operational results, along with forecasts for the fourth quarter and full year 2025. The announcement provides insights into the company’s performance metrics, including income statements, cash flow, and commodity pricing, which are crucial for stakeholders to assess EOG’s market positioning and operational efficiency.