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EOG

EOG Resources, Inc.

EOG

EOG Resources, Inc. • NYSE
$107.85 ▲ 1.55% (+1.65)
Market Cap $59.10 B
52w High $138.18
52w Low $102.52
Dividend Yield 4.08%
P/E 10.71
Volume 1.53M
Outstanding Shares 548.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.732B ▲ $1.709B ▲ $1.471B ▲ 25.663% ▲ $2.72 ▲ $3.064B ▲
Q2-2025 $5.355B ▼ $1.704B ▼ $1.345B ▼ 25.117% ▲ $2.48 ▼ $2.855B ▼
Q1-2025 $5.842B ▲ $2.129B ▼ $1.463B ▲ 25.043% ▲ $2.66 ▲ $2.937B ▲
Q4-2024 $5.65B ▼ $3.926B ▲ $1.251B ▼ 22.142% ▼ $2.25 ▼ $2.681B ▼
Q3-2024 $5.865B $1.908B $1.673B 28.525% $2.97 $3.196B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.53B ▼ $52.199B ▲ $21.914B ▲ $30.285B ▲
Q2-2025 $5.216B ▼ $46.284B ▼ $17.046B ▼ $29.238B ▼
Q1-2025 $6.599B ▼ $46.982B ▼ $17.466B ▼ $29.516B ▲
Q4-2024 $7.092B ▲ $47.186B ▲ $17.835B ▲ $29.351B ▼
Q3-2024 $6.122B $46.151B $16.577B $29.574B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.471B ▲ $3.111B ▲ $-5.963B ▼ $1.167B ▲ $-1.686B ▼ $1.448B ▲
Q2-2025 $1.345B ▼ $2.032B ▼ $-1.781B ▼ $-1.635B ▼ $-1.383B ▼ $239M ▼
Q1-2025 $1.463B ▲ $2.289B ▼ $-1.43B ▼ $-1.352B ▼ $-493M ▼ $806M ▼
Q4-2024 $1.251B ▼ $2.763B ▼ $-1.276B ▲ $-516M ▲ $970M ▲ $1.398B ▼
Q3-2024 $1.673B $3.588B $-1.561B $-1.336B $691M $2.086B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas Gathering Transportation Marketing and Processing
Natural Gas Gathering Transportation Marketing and Processing
 $1.34Bn ▲$1.34Bn ▲$1.25Bn ▼$1.18Bn ▼
Natural Gas Production
Natural Gas Production
 $490.00M ▲$640.00M ▲$600.00M ▼$710.00M ▲
Oil and Condensate
Oil and Condensate
 $3.26Bn ▲$3.29Bn ▲$2.97Bn ▼$3.24Bn ▲
Other Net
Other Net
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement EOG’s income statement shows a company that moved from a difficult year in 2020 to several years of very strong profitability. Revenue more than doubled after 2020 and has stayed high, even after easing off the peak levels seen in 2022 when energy prices spiked. Profitability is robust: operating income and net income remain strong, indicating that EOG is not just benefitting from higher commodity prices but also from good cost control and efficient operations. Earnings have cooled somewhat from their peak, which is consistent with a normalization in oil and gas prices, but they are still at a healthy level by historical standards.

Balance Sheet

Balance Sheet The balance sheet looks solid and increasingly resilient. Total assets have steadily grown, suggesting ongoing investment and expansion of the asset base. Cash has built up over time, offering a comfortable liquidity cushion. At the same time, debt has been trimmed down from earlier levels, while shareholders’ equity has risen steadily. This points to a conservative financial structure, with a stronger net financial position and more room to maneuver through future commodity cycles or to fund new projects without overstretching the balance sheet.

Cash Flow

Cash Flow Cash generation is a key strength. Cash flow from operations has increased meaningfully since 2020 and has stayed strong, even as conditions normalized after the surge in energy prices. After funding its capital spending program, EOG still produces solid free cash flow, indicating that its projects generally pay for themselves with room to spare. Capital spending has risen as the company invests in drilling and development, but these investments remain well covered by internally generated cash, which supports both reinvestment in the business and the potential for ongoing capital returns to shareholders.

Competitive Edge

Competitive Edge EOG holds a strong competitive position as a low-cost, technology-focused oil and gas producer. Its strategy of only drilling wells that meet high return thresholds creates discipline and helps protect profitability when prices are weaker. The company’s deep technical expertise, advanced drilling and completion methods, and use of in-house technologies contribute to lower costs and better well performance. A diversified portfolio across multiple top-tier U.S. shale basins, combined with control over parts of its supply chain and thoughtful marketing of its production, further strengthens its edge. The main structural risk is that the business remains heavily exposed to volatile oil and gas prices and to long-term shifts in energy policy and demand.

Innovation and R&D

Innovation and R&D Innovation at EOG is less about traditional lab research and more about applied technology and process improvement. The “premium” and “double premium” well framework is essentially an R&D filter, forcing the company to focus only on high-return projects. EOG has pioneered and refined advanced horizontal drilling and fracturing techniques, real-time data-driven drilling, and more efficient completion designs. Its use of proprietary tools, in-house equipment, and vertically integrated sand and logistics improve both costs and reliability. On the frontier side, EOG is exploring new plays like Utica and Dorado, testing carbon capture projects, and setting long-term emissions goals. These efforts suggest a company that is actively adapting its toolkit to both current shale opportunities and the evolving low-carbon landscape, even though its core business remains hydrocarbon-focused.

Summary

Overall, EOG appears to be a financially strong, disciplined, and highly efficient oil and gas producer. Profitability and cash generation are solid, the balance sheet is conservative, and the company seems to manage growth with a strong emphasis on returns rather than sheer volume. Its competitive edge is rooted in technology, cost leadership, and a culture that emphasizes continuous improvement and capital discipline. Key uncertainties remain tied to commodity price volatility, regulatory trends, and the long-term path of the energy transition. How well EOG continues to replenish its inventory of high-return drilling locations and advances its emissions and diversification initiatives will be central to its future performance profile.

NEWS

November 6, 2025 · 4:15 PM UTC

EOG Resources Reports Third Quarter 2025 Results

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September 24, 2025 · 4:15 PM UTC

EOG Resources Schedules Conference Call and Webcast of Third Quarter 2025 Results for November 7, 2025

Read more