NYSE$EOG

EOG Resources Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

EOG Resources reported Q4 2025 operating revenues of $5.64B and net income of $701M ($1.30 diluted EPS).

Fourth-quarter total operating revenues were $5.64 billion; net income was $701 million ($1.30 diluted EPS). Full-year 2025 net income was $4.98 billion. The Encino acquisition closed in Q4, adding scale in the Permian.

  • Q4 operating revenues $5.64B; net income $701M.
  • Encino acquisition closed; FY25 net income $4.98B.
  • Oil and gas volumes and pricing drove quarterly results.
  • Capital discipline and shareholder returns remain priorities.

Headline financials

Total Revenue

$5.64B

Previous: $5.59B+0.9%
EPS (adj)

$1.30

Previous: $1.00+30.0%
Total Production (MBoed)

1.4M

Previous: 1.1M+27.7%
Dividend per Share

$1.02

Previous: $0.97+4.6%
Operating Margin

16.7%

Previous: 28.5%-41.4%
Net Debt-to-Capital Ratio

13.2%

Previous: -8.7%+251.7%
Capital Expenditures

-$1.54B

Previous: -$1.37B-13.0%
Free Cash Flow

$1.07B

No prior period
Net Income

$701M

Previous: $2.02B-65.3%
Operating Income

$943M

Previous: $1.59B-40.8%
Cash & Equivalents

$3.4B

No prior period
Total Assets

$51.8B

No prior period

Revenue & EPS history

EOG Resources · Revenue · Quarterly

$5.64B

Q4 2025+0.9%vs Q4 2024
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

The release discusses EOG Resources's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • EOG Resources cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q4 2025

Historical avgQ4 2025

+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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