EOG

EOG RESOURCES INC

Energy • CIK: 0000821189

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Market Cap
$56.99B
P/E (TTM)
11.4x
Rev Growth (TTM)
-4.5%
Net Margin (TTM)
22.0%
FCF Yield (TTM)
17.6%
FCF Margin (TTM)
44.4%

LATEST EARNINGS

Q1 FY2026
about 1 month ago
View source
Revenue
$5.00B
-12.5%
Net Income
$350.00M
-55.1%
EPS
$0.59
-55.0%
Operating
5.9% -11.1%
Net
7.0% -6.6%
  • Operating cash flow remained strong at $1.5 billion, demonstrating resilient cash generation despite revenue pressures.
  • Capital expenditures were managed effectively, coming in below guidance at $0.8 billion for the quarter.
  • Total crude oil equivalent volumes increased to 1,150.5 MBoed, up from 1,095.7 MBoed in the prior year's quarter, driven by higher natural gas volumes.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$10.0B
Q4 '25
$2.6B-16%
Q3 '25
$3.1B+53%
FCF Margin
TTM44.4%
Q4 '2546.3%-13%
Sector: 7.6%Top 25%
OCF Margin44.4%
OCF/NI2.02x
CapEx Coverage
FCF Yield17.6%
FCF Growth (2Y)-3%
Cash Conversion Cycle
42 days
DSO: 42+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM8.3%
Div Yield3.8%
+
Buyback (TTM)4.5%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)3.8%
FCF Payout Ratio21.8%
Free Cash Flow (TTM)$10.0B
Stock Repurchases (TTM)$2.6B
Capital Return / FCF47.0%
Est. Dividends Paid (TTM)$2.2B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
11.9%
Stable
-0.0% YoY-8.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
22.1%
8Q: 25.4%
Asset Turnover
0.46x
8Q: 0.48x
Leverage (1+D/E)
1.27x
D/E: 0.27x
DuPont: 13.0%11.9% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.60x
8Q:0.66x
-19.7%
Invested Cap Turn
0.54x
8Q:0.56x
-12.3%
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$22.6B
$5.6B3.6%
$5.8B6.7%
$5.5B3.4%
$5.7B1.5%
$5.6B6.4%
$6.0B1.0%
$6.0B1.6%
$6.1B
Operating Income
$6.4B
$943.0M48.6%
$1.8B5.1%
$1.7B6.0%
$1.9B16.8%
$1.6B23.8%
$2.1B1.9%
$2.1B6.2%
$2.3B
Net Income
$5.0B
$701.0M52.3%
$1.5B9.4%
$1.3B8.1%
$1.5B16.9%
$1.3B25.2%
$1.7B1.0%
$1.7B5.5%
$1.8B
Operating Cash Flow
$10.0B
$2.6B16.0%
$3.1B53.1%
$2.0B11.2%
$2.3B17.2%
$2.8B23.0%
$3.6B24.2%
$2.9B0.5%
$2.9B
Free Cash Flow
$10.0B
$2.6B16.0%
$3.1B53.1%
$2.0B11.2%
$2.3B17.2%
$2.8B23.0%
$3.6B24.2%
$2.9B0.5%
$2.9B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
11.4x
Volatile
8Q: 45.3x+2315%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
11.4x
vs sector
Cash Flow
5.7x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
1.0P/E per %ROIC
ROIC: 11.9%
Shareholder Returns
Dividend
3.8%
Buyback
4.5%
Total Yield
8.3%
Market Cap$56.99B
EV$57.60B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
83/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
16.8%
8Q:
Return on Invested Capital (ROIC)Top 25%
11.9%
8Q:
-8.8%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 22.1%
Asset Turnover: 0.46x

Earnings Quality

Cash Conversion

2.02x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover0.54x

Working Capital

Cash Conversion Cycle42 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
44/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
-4.5%
OpInc Growth YoY
-40.8%
EPS Growth YoY
-19.0%
FCF 3Y CAGR
-3.3%

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
Operating
28.2%
Top 25% in sector
Net
22.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+22.4 pts
FCF: 44.4% | Net: 22.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid
Net Debt / EBITDA
Net Debt: $4.54B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.27x
Balance sheet risk & solvency analysis