EOG Resources reported a mixed third quarter with strong operational performance in oil and gas volumes, offset by lower composite prices and increased operating costs. The company made a significant acquisition, impacting its financial leverage and cash flow.
Total oil equivalent volumes increased to 1,301.2 MBoed in Q3 2025, up from 1,095.7 MBoed in Q3 2024, driven by higher natural gas volumes.
positiveNatural gas volumes saw a significant increase, with US volumes reaching 2,511 MMcfd and total volumes at 2,745 MMcfd in Q3 2025.
positiveThe company declared a dividend of $0.9750 per common share for Q3 2025, an increase from $0.9100 in prior quarters.
positiveComposite average crude oil and condensate prices decreased to $65.95/Bbl in Q3 2025 from $71.66/Bbl in Q3 2024.
negativeTotal operating expenses per Boe increased to $25.82 in Q3 2025 from $25.10 in Q3 2024, impacting margins.
attentionThe acquisition of Encino Acquisition Partners, LLC resulted in a significant outflow of $4.464 billion in investing activities for Q3 2025.
attentionNet income for Q3 2025 was $1,471 million, a decrease from $1,673 million in Q3 2024, impacted by lower revenues and higher expenses.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
The company completed the acquisition of Encino Acquisition Partners, LLC, which is expected to add significant production and reserves.
EOG is focused on optimizing its operations and capital allocation in the current commodity price environment.
The company continues to prioritize returning capital to shareholders through dividends and share repurchases.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.