EOG

EOG RESOURCES INC

EnergyCIK 0000821189

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Market Cap
$77.82B
P/E (TTM)
14.2x
Rev Growth (TTM)
+2.8%
Net Margin (TTM)
23.0%
FCF Yield (TTM)
13.8%
FCF Margin (TTM)
44.9%

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LATEST EARNINGS

Q1 FY2026
3 months 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$10.7B
Q1 '26
$3.0B+14%
Q4 '25
$2.6B-16%
FCF Margin
TTM44.9%
Q1 '2642.9%-7%
Sector: 8.5%Top 25%
OCF Margin44.9%
OCF/NI1.95x
CapEx Coverage
FCF Yield13.8%
FCF Growth (2Y)-7%
Cash Conversion Cycle
42 days
DSO: 42+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM5.6%
Div Yield2.8%
+
Buyback (TTM)2.8%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)2.8%
FCF Payout Ratio20.2%
Free Cash Flow (TTM)$10.7B
Stock Repurchases (TTM)$2.2B
Capital Return / FCF40.5%
Est. Dividends Paid (TTM)$2.2B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
12.8%
Stable
-0.0% YoY-3.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
23.3%
8Q: 25.4%
Asset Turnover
0.48x
8Q: 0.48x
Leverage (1+D/E)
1.26x
D/E: 0.26x
DuPont: 13.9%12.8% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.60x
8Q:0.65x
-13.0%
Invested Cap Turn
0.55x
8Q:0.56x
-6.4%
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
14.2x
Volatile
8Q: 45.3x+1088%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
14.2x
vs sector
Cash Flow
7.5x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
1.1P/E per %ROIC
ROIC: 12.8%
Shareholder Returns
Dividend
2.8%
Buyback
2.8%
Total Yield
5.6%
Market Cap$77.82B
EV$80.03B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
86/100
Exceptional

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

Returns on Capital

Return on Equity (ROE)Top 25%
18.4%
8Q:
Return on Invested Capital (ROIC)Top 25%
12.8%
8Q:
-3.8%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 23.3%
Asset Turnover: 0.48x

Earnings Quality

Cash Conversion

1.95x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover0.55x

Working Capital

Cash Conversion Cycle42 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
49/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
2.8%
OpInc Growth YoY
39.8%
EPS Growth YoY
-6.0%
FCF 3Y CAGR
-7.4%

Growth Quality Analysis

Working Capital Drag: FCF growth lagging revenue by 10.2%

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
Operating
29.8%
Top 25% in sector
Net
23.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+21.9 pts
FCF: 44.9% | Net: 23.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid
Net Debt / EBITDA
Net Debt: $4.08B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.26x
Balance sheet risk & solvency analysis