NYSE$EOG

EOG Resources Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

EOG Resources reported Q1 2026 total operating revenues of $6.92B with net income of $1.98B and diluted EPS of $3.70.

Total operating revenues were $6.92 billion versus $5.67 billion on higher crude, NGL, and gas realizations. Net income was $1.98 billion, or $3.70 per diluted share, compared with $1.46 billion and $2.65 per share in Q1 2025.

  • Total operating revenues $6.92B (+22% YoY).
  • Operating income $2.60B.
  • Net income $1.98B; diluted EPS $3.70.
  • Crude and condensate revenue $3.58B.

Headline financials

Total Revenue

$6.92B

Previous: $5.67B+22.1%
EPS (adj)

$3.70

Previous: $2.65+39.6%
Capital Expenditures

-$1.64B

Previous: -$1.38B-19.0%
Free Cash Flow

$1.32B

No prior period
Net Income

$1.98B

Previous: $1.46B+35.3%
Operating Income

$2.6B

Previous: $1.86B+39.8%
Gross Profit

$6.92B

Previous: $2.6B+166.7%
Cash & Equivalents

$3.85B

No prior period
Total Assets

$53.4B

No prior period

Revenue & EPS history

EOG Resources · Revenue · Quarterly

$6.92B

Q1 2026+22.1%vs Q1 2025
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

EOG Resources · $6.11B total across 4 segments · Q3 2023

  • Crude Oil and Condensate
    $3.72B-9.5%
  • Gathering, Proc. & Marketing
    $1.48B-5.3%
  • Natural Gas Liquids
    $501M-27.7%
  • Natural Gas
    $417M-66.2%

Forward guidance

Management discusses capital discipline, dividend, and Delaware Basin inventory depth.

Tailwinds

  • Earnings up on commodity price and volume.
  • Strong free cash flow generation.

Headwinds

  • Commodity price sensitivity remains high.
  • Service cost inflation in the basin.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.6%

Avg return

30 days after

47%

34 / 73 earnings

Positive

+12.2%

Q1 2020

Best reaction

-10.8%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-8.3%-1.9%
Q4 2025+0.0%+4.0%+20.9%
Q3 2025+0.4%+3.6%+6.8%
Q2 2025+0.3%+3.0%+1.7%
Q1 2025-0.9%-3.3%-2.8%
Q4 2024-2.8%-6.7%-3.1%
Q3 2024+5.4%+4.7%+0.5%
Q2 2024-3.1%-3.6%+1.6%
Q1 2024+0.1%+0.2%-4.2%
Q4 2023-3.9%-2.1%+7.3%
Q3 2023+3.2%-1.3%-0.5%
Q2 2023-0.2%-1.3%+0.7%
Q1 2023+2.8%+2.5%+0.8%
Q4 2022-2.8%-3.9%-10.3%
Q3 2022+4.9%+9.3%+2.5%
Q2 2022+3.3%+4.5%+17.3%
Q1 2022+6.0%-4.2%+14.2%
Q4 2021-2.8%+5.5%+12.9%
Q3 2021+4.6%+6.8%-5.5%
Q2 2021-4.0%-5.8%-7.7%
Q1 2021+8.3%+7.1%+14.0%
Q4 2020-10.8%-10.9%+3.5%
Q3 2020-4.1%+17.1%+47.1%
Q2 2020-3.8%-2.6%-15.0%
Q1 2020+12.2%+8.5%+29.4%
Q4 2019+0.1%-1.2%-43.0%
Q3 2019+1.0%-0.3%-0.1%
Q2 2019-3.9%-8.8%-13.6%
Q1 2019-1.1%-0.1%-10.9%
Q4 2018+0.3%+1.8%+0.5%
Q3 2018-2.8%+1.9%-1.9%
Q2 2018-2.5%-0.9%-5.8%
Q1 2018-1.7%-1.2%+1.5%
Q4 2017-7.4%-7.3%-3.9%
Q3 2017+2.2%+3.7%+0.6%
Q2 2017-3.0%-4.9%-10.7%
Q1 2017+0.8%+4.2%-3.0%
Q4 2016+0.7%+2.4%+0.7%
Q3 2016+0.9%+2.7%+14.1%
Q2 2016+9.5%+9.7%+7.9%
Q1 2016-0.8%
Q4 2015-2.9%
Q3 2015-1.4%
Q2 2015-3.1%
Q1 2015-4.4%
Q4 2014-2.8%
Q3 2014+9.6%
Q2 2014-4.6%
Q1 2014+6.8%
Q4 2013+3.4%
Q3 2013-4.5%
Q2 2013+1.3%
Q1 2013+9.5%
Q4 2012-0.6%
Q3 2012+5.9%
Q2 2012+6.3%
Q1 2012-3.2%
Q4 2011-0.8%
Q3 2011+7.4%
Q2 2011-2.1%
Q1 2011-0.7%
Q4 2010-2.3%
Q3 2010-7.7%
Q2 2010-3.6%
Q1 2009-7.4%
Q1 2010+2.4%
Q4 2009+1.5%
Q4 2007+1.5%
Q3 2009+5.9%
Q3 2008+5.9%
Q2 2009-4.2%
Q2 2008-4.2%
Q4 2008-4.2%

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