# EOG Resources, Inc. (EOG)

> Source: Nexqual · https://nexqual.com/EOG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, EOG Resources, Inc. (EOG), nexqual.com/EOG" · informational, not investment advice.

**Price:** USD 157.96 (+0.05% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 157.96 · day 154.96–160.31 · 52w 101.59–160.31 · market cap null · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $27.0B, net income $6.88B (25.4% margin) (SEC filings).
- 2 of 80 tracked superinvestors hold EOG (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 2.64 on a 1–5 scale) (33 analysts), mean target USD 166.41 (range 141–213).
- Total return with dividends: 1Y +50.8% vs S&P 500 +14.9%; 5Y +117.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 4.46, revenue estimate $7.18B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $18.6B | $25.7B | $24.2B | $23.7B | $22.6B | $27.0B |
| Operating income | $6.10B | $9.97B | $9.60B | $8.08B | $6.38B | $8.90B |
| Net income | $4.66B | $7.76B | $7.59B | $6.40B | $4.98B | $6.88B |
| EPS (diluted) | $7.99 | $13.22 | $13.00 | $11.25 | $9.12 | — |
| Operating margin | 32.7% | 38.8% | 39.7% | 34.1% | 28.2% | 32.9% |
| Net margin | 25.0% | 30.2% | 31.4% | 27.0% | 22.0% | 25.4% |
| Revenue growth | +69.0% | +37.9% | -5.9% | -2.0% | -4.5% | — |
| Cash + short-term investments | $5.21B | $5.97B | $5.28B | $7.09B | $3.40B | — |
| Total debt | $5.11B | $5.08B | $3.80B | $4.75B | $7.94B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 11.5x, Dec 2024 10.9x, Dec 2023 9.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold EOG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Yacktman Asset Management |  | 1.99% | $161M | Added +1.8% |
| Bill Nygren | Oakmark Funds | 0.04% | $31.8M | Reduced -94.1% |

## Analysts
Consensus Hold (mean 2.64 on a 1–5 scale), 33 analysts; mean target USD 166.41 (low 141, high 213).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Susquehanna | Target raised | Positive | $170 → $187 |
| 2026-10-15 | Scotiabank | Initiated | Sector Perform | $144 |
| 2026-10-15 | Morgan Stanley | Target raised | Equal-Weight | $157 → $163 |
| 2026-10-09 | UBS | Target raised | Buy | $183 → $186 |
| 2026-10-02 | Truist Securities | Target raised | Hold | $153 → $160 |
| 2026-09-17 | Raymond James | Target raised | Strong Buy | $183 → $186 |
| 2026-09-14 | UBS | Target raised | Buy | $158 → $183 |
| 2026-09-03 | Seaport Global | Initiated | Neutral |  |
| 2026-08-27 | Citigroup | Target raised | Neutral | $141 → $150 |
| 2026-08-24 | Goldman Sachs | Target raised | Neutral | $127 → $151 |
| 2026-08-19 | Morgan Stanley | Target raised | Equal-Weight | $156 → $157 |
| 2026-08-17 | Barclays | Target lowered | Equal-Weight | $153 → $147 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +50.8% | +117.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +51.0% | +16.8% |
| Volatility (annualized) | 29.2% | 34.4% |
| Max drawdown | -13.7% (Mar 2026→Apr 2026) | -31.0% (Jun 2022→Jul 2022) |

## Peers (Oil & Gas E&P)
OXY (Occidental Petroleum Corporatio) USD 62.5 -0.32% · CNQ (Canadian Natural Resources Limi) USD 53.92 -0.59% · FANG (Diamondback Energy, Inc.) USD 197.14 -1.89% · DVN (Devon Energy Corporation) USD 49.18 -1.38% · COP (ConocoPhillips) USD 145.63 -0.03% · EQT (EQT Corporation) USD 54.67 +1.11%

## More
Full page: https://nexqual.com/EOG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name EOG in their own reports (relationship from EOG's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | WaterBridge Infrastructure LLC (WBI) | 10-K 2026-03-16 | "Our customers include many of the top-tier operators in the regions in which we operate, including bpx energy, Chevron Corporation, Devon, EOG Resources, Inc. and Permian Resources Corporation." |
| supplier | Drilling Tools International Corp (DTI) | 10-K 2026-03-06 | "Our customer base is comprised of: (i) diversified OSCs, which account for approximately 48% of 2025 revenue, including but not limited to Baker Hughes Company, Halliburton Company, Phoenix Energy, an…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $4.46 | $3.99 | +11.7% | $7.18B | 27 |
| Next quarter (ends 2026-12-31) | $4.87 | $3.88 | +25.6% | $7.63B | 25 |
| Current fiscal year (ends 2026-12-31) | $17.98 | $16.60 | +8.3% | $29.90B | 29 |
| Next fiscal year (ends 2027-12-31) | $16.21 | $14.67 | +10.5% | $26.90B | 30 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-06 (includes earnings 2026-11-05): ±6.4%; earnings reaction alone ±3.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 33.8% | ±4.0% |
| 2026-11-06 | 14 | 39.6% | ±6.4% |
| 2026-11-13 | 21 | 35.0% | ±6.9% |
| 2026-11-20 | 28 | 35.8% | ±8.1% |
| 2026-11-27 | 35 | 36.1% | ±9.0% |
| 2026-12-04 | 42 | 33.6% | ±9.2% |
| 2026-12-18 | 56 | 33.0% | ±10.5% |
| 2027-01-15 | 84 | 31.3% | ±12.1% |