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EOG RESOURCES INCEOG

Sector
Energy
Industry
Crude Petroleum & Natural Gas
Exchange
NYSE

Stock Price $EOG

Latest filings

You are here#9 of 25 in Energy by market cap

Filing record · 2016–202610-K1110-Q328-K137

EOG filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 137 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Material agreement8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Sep ’21Sep ’21
  4. Leadership change8-K · Dec ’25Dec ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $22.63B
YoY changeLargest recent move+69.0%in FY21Latest −4.5%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All EOG Financial Metrics52 metrics

Income Statement12

Balance Sheet22

Cash Flow13

Per Share5

02—Overview

EOG RESOURCES INC Financial Overview 2021–2025

Updated Jul 10, 2026

In FY2025, EOG Resources executed a massive $5.7 billiona acquisition of Encino Acquisition Partners to enter the Utica shale, yet still returned a combined $4.8 billion to shareholders through buybacks and dividends. This underscores the central investment thesis: EOG operates a highly efficient production machine capable of self-funding major acreage expansion without sacrificing capital returns or balance sheet health.

The company’s long-term trajectory highlights steady resource accumulation, with net proved reserves growing from 3,747 MMBoe in FY2021 to 5,514 MMBoe by the end of FY2025. Across that same span, operating revenues climbed from $18.6 billion in FY2021 to $22.6 billionb in FY2025, successfully weathering multiple commodity cycles. While a 15% drop in average U.S. crude oil prices pushed FY2025 net income down to $4.98 billion, operational momentum quickly rebounded. In Q1 2026, total operating revenues jumped 22% year-over-year to $6.92 billion, driven by a 60% surge in natural gas revenues. Despite this underlying production growth and an expanding footprint, the market maintained a conservative valuation on the stock, with shares closing FY2025 at $105.01 and trading at 11.5x earnings.

Recent Developments (Q4 2025 and Q1 2026)

EOG Resources doubled its share repurchase authorization to $20 billionc following a profitable Q1 2026. Net income surged to $1.98 billion, or $3.70 per share, up from $1.46 billion in Q1 2025. This bottom-line growth was supported by a 9% year-over-year increase in crude oil and condensate revenues, driving operating cash flows up by $677 million to $2.97 billion. Management also revised Q1 2026 tax expense guidance upward to a range of $500 million to $600 million, reflecting higher realized crude prices tied to Middle East conflicts.

Bulls point to this strong cash generation and the expanded buyback limit as clear catalysts for continued equity appreciation. Bears warn that escalating tax burdens and vulnerability to geopolitical commodity shocks could pressure future margins. At 15.4x earnings as of May 5, 2026, the stock seems reasonably valued relative to its recent profitability spike.

What to watch: execution of the newly expanded $20 billiond share repurchase program; impacts of ongoing Middle East tensions on benchmark crude pricing.

03—Filings

Recent SEC Filings

  1. 8-KEOG RESOURCES INC 8-K Report, Financial Results (Oct 8, 2026)EOG Resources, Inc. (EOG) has issued an update to its financial guidance for the third quarter of 2026, specifically concerning its current tax expense. This adjustment is a direct result of higher-than-anticipated crude oil prices, which are attributed in part to the ongoing conflict in the Middle East. The company now forecasts its third quarter 2026 current tax expense to be in the range of $835 million to $935 million, a significant increase from its previous guidance of $545 million to $645 million provided on August 4, 2026. This upward revision in tax expense, driven by favorable commodity price realizations, is a key indicator for investors. While not affecting other previously issued guidance ranges for the third quarter or full year 2026, this change highlights the sensitivity of EOG's tax obligations to prevailing market prices for crude oil. Investors should note that EOG is not confirming or updating any other financial metrics at this time, but the increased tax burden suggests robust revenue generation during the period due to elevated oil prices.
  2. 8-KEOG RESOURCES INC 8-K Report, Executive Changes (Sep 24, 2026)EOG Resources announced in an 8-K filed September 24, 2026 that CFO Ann D. Janssen will retire. Her last day as Executive Vice President and Chief Financial Officer is December 31, 2026, and she will then serve as an advisor to EOG beginning January 1, 2027. The Board appointed Jeffrey W. Hibbard, 44, to succeed her as EOG's CFO effective January 1, 2027. Hibbard has been Senior Vice President, Finance since joining EOG in August 2025 and previously spent more than 20 years at Morgan Stanley, most recently as a Managing Director in its Global Energy Group. The CEO's statements in the press release emphasize continuity in capital discipline and the balance sheet, and the transition is planned well in advance, with roughly a year of overlap in the filing's timeline. The filing also discloses changes to long-term incentive design approved September 22, 2026. Future restricted stock and RSU grants, starting with grants effective September 25, 2026, will vest ratably over three years rather than in a single cliff at year three. The company says this aligns its practices with peers and supports recruiting and retention. Separately, the form of performance unit award agreement is amended so that if three-year TSR is negative and the performance multiple exceeds target, the excess above target is halved. This replaces the prior "Negative TSR Cap" and also updates the peer group. Full agreement forms are to be filed with the Q3 2026 10-Q. For investors, the CFO change is orderly and internally sourced, which limits near-term execution risk. The incentive changes are more notable for their shareholder-alignment implications: the new negative-TSR treatment is a more direct payout restraint than the prior cap, while faster RSU vesting is a retention-oriented change that could modestly raise compensation expense timing. Neither item alters EOG's reported financial results or guidance in this filing.
  3. 8-KEOG RESOURCES INC 8-K Report, Financial Results (Aug 4, 2026)EOG Resources reported strong second quarter 2026 results, with net income of $2.72 billion ($5.15 diluted EPS) versus $1.35 billion ($2.46) in the year-earlier quarter, and adjusted net income of $2.68 billion ($5.07 per diluted share, non-GAAP). Total operating revenues rose about 57% year over year to $8.62 billion, driven by a sharp increase in realized crude oil prices to a composite $98.15 per barrel from $64.82. Crude oil and condensate volumes were roughly flat at about 549 thousand barrels per day, and total production was 1,410 MBoed (128.3 MMBoe), up about 24% from 2Q25 following the Encino acquisition in 3Q25. Cash generation was robust. Net cash from operating activities was $4.67 billion in the quarter ($7.64 billion year to date), and free cash flow (non-GAAP) was $2.80 billion in 2Q26 and $4.29 billion for the first half. EOG spent $1.30 billion on share repurchases in the quarter ($1.72 billion year to date) and paid $1.02 per share in quarterly dividends. Balance sheet strength improved: cash rose to $4.91 billion, total debt was $7.93 billion, and net debt-to-total capitalization (non-GAAP) fell to 8.7% from 13.2% at year-end 2025. The 8-K itself is a Regulation FD and earnings-release filing. The attached press release references third quarter and full-year 2026 forecasts and benchmark pricing, but those forecast figures are incorporated by reference to materials not reproduced in the text provided, so the specific outlook cannot be assessed from this filing alone.
  4. 8-KEOG RESOURCES INC 8-K Report, Financial Results (Jul 9, 2026)EOG Resources Inc. (EOG) has filed an 8-K report on July 9, 2026, detailing its financial performance and risk management strategies for the second quarter of 2026. A key takeaway for investors is EOG's proactive approach to managing revenue and cash flow certainty through financial commodity derivative contracts. During the quarter, the company received $45 million in net cash from the settlements of these contracts, demonstrating their effectiveness in stabilizing financial results. Furthermore, the filing provides context on commodity pricing, noting that average NYMEX WTI crude oil was $92.85 per barrel and NYMEX natural gas at Henry Hub averaged $2.89 per million British thermal units for the quarter. EOG's actual realized prices may differ due to factors like location, quality, and product mix. Investors should also note that EOG's 10-year natural gas sales agreement, linked to Brent crude oil prices, is set to commence deliveries in January 2027, with no cash received yet from this specific contract. The company continues to emphasize forward-looking statements and refers investors to its 2025 Form 10-K for detailed risk factors and further information.
  5. 8-KEOG RESOURCES INC 8-K Report, Shareholder Vote Results (May 21, 2026)EOG Resources, Inc. (EOG) filed an 8-K on May 21, 2026, detailing the results of its 2026 Annual Meeting of Stockholders held on May 20, 2026. The meeting primarily focused on electing directors, ratifying the appointment of auditors, and a non-binding advisory vote on executive compensation. All proposals received overwhelming support from shareholders, indicating strong confidence in the current board and company policies. The election of all nine director nominees passed with at least 96.39% of the votes cast, the ratification of Deloitte & Touche LLP as auditors for 2026 was approved by 96.28% of votes, and the "Say-on-Pay" advisory vote received 96.58% approval. In addition to the annual meeting results, EOG Resources also announced a significant expansion of its Share Repurchase Authorization. The Board of Directors increased the authorization from $10 billion to $20 billion, effective May 20, 2026. As of March 31, 2026, approximately $2.9 billion remained available under the original $10 billion authorization, having already repurchased $7.1 billion worth of stock. This doubling of the repurchase program signals a strong commitment from management to return value to shareholders and reflects confidence in the company's financial health and future prospects.
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04—See also

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