NYSE$EOG
EOG Resources Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
EOG Resources Inc reported Q2 2026 net income of $2.7 billion on total revenues of $8.6 billion.
EOG Resources Inc delivered strong second quarter 2026 results driven by higher crude oil and condensate prices and increased production volumes from the Utica and Permian Basin. Net income rose to $2.7 billion with operating income of $3.5 billion. The company maintained a solid balance sheet with $4.9 billion in cash and cash equivalents while advancing its capital program and returning cash to shareholders through dividends and share repurchases.
- Total revenues reached $8.62 billion, up 57% year-over-year, led by crude oil and condensate sales of $4.9 billion.
- Net income of $2.72 billion and diluted EPS of $5.15 reflected robust commodity price realizations and production growth.
- Crude oil equivalent volumes averaged 1,410.4 MBoed, with U.S. production contributing 1,357.1 MBoed.
- Cash and cash equivalents increased to $4.91 billion, supporting ongoing development and shareholder returns.
Headline financials
Revenue & EPS history
EOG Resources · Revenue · Quarterly
$8.62B
Revenue by segment
EOG Resources · $8.49B total across 4 segments · Q2 2026
- Crude Oil and Condensate$4.9B—57.7%
- Gathering, Processing and Marketing$2.01B—23.7%
- Natural Gas$812M—9.6%
- Natural Gas Liquids$770M—9.1%
Forward guidance
EOG updated its 2026 capital budget to $6.3-$6.7 billion with expected oil production growth of approximately 5% and total production growth of 14% for the full year.
Tailwinds
- Continued focus on high-return plays in Delaware Basin, Utica and Eagle Ford
- Strong balance sheet with significant liquidity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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 2008 | +5.9% | — | — | |
| Q3 2009 | +5.9% | — | — | |
| Q2 2009 | -4.2% | — | — | |
| Q2 2008 | -4.2% | — | — | |
| Q4 2008 | -4.2% | — | — |
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