How EOG Resources (EOG) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/04/2026
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. · Wikipedia
More about the company
It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.
Key growth driver: Crude Oil & Condensate — the fastest-growing revenue line: $4,901, +65% y/y. · by the Q2 2026 report
How does EOG Resources make money?
EOG Resources brought in $8.62 billion of revenue in Q2 2026, up 57.4% year over year. The largest source was Crude Oil & Condensate: $4.90 billion, or 57% of the total, followed by Gathering, Processing & Mktg ($2.01B, 23%) and Natural Gas ($812M, 9%); other lines add the remaining 10%. Net income for the quarter was $2.72 billion, up 102.5% year over year.
Revenue by source, Q2 2026
- Crude Oil & Condensate$4.90B · 57% · +64.8%
- Gathering, Processing & Mktg$2.01B · 23% · +61.3%
- Natural Gas$812M · 9% · +35.3%
- Natural Gas Liquids$770M · 9% · +44.2%
- Derivatives & Other≈$126M · 1%
Shares of $8.62B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is EOG’s next earnings date?
Thursday, November 5, 2026confirmed · after market close
EOG Resources (EOG) is scheduled to report results for the quarter ending Sep 2026 on Nov 5, 2026. Consensus EPS forecast: $4.15 (8 analysts), vs $2.71 in the same quarter last year.
What time does EOG report? Usually after market close: the last 4 results releases reached the SEC at 4:19 pm, 4:17 pm, 4:18 pm, 4:31 pm ET.
Last report: Aug 4, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$8,620
+57.4%
Operating income
$3,528
+101.9%
40.9% margin
Net income
$2,724
+102.5%
31.6% margin · EPS $5.15
Verdict: an oil-price quarter — revenue +57% to $8.6B on $98 realized US crude (vs $65 a year ago), operating income doubled to $3.5B and net income +103% to $2.7B; volumes added only ~9%, so the earnings jump is mostly price, not barrels.
Dividend declared $1.02/share; 6M net income $4.7B; diluted shares 529M avg. Realized US crude $98.18/Bbl, total liquids volumes 548.8 MBbld.
Source and notation
≈ marks grouped lines. Source: EOG Resources press release 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
EOG earnings history: past report dates
| Jul 9, 2026 Thu | 4:17 pmafter market close | Jun 30, 2026 | $8.6B+57% y/y | $5.15+109% y/y |
| Apr 9, 2026 Thu | 4:31 pmafter market close | Mar 31, 2026 | $6.9B+22% y/y | $3.70+40% y/y |
| Jan 12, 2026 Mon | 4:50 pmafter market close | Dec 31, 2025 | ≈$5.6B+1% y/y | ≈$1.31−42% y/y |
| Oct 8, 2025 Wed | 4:19 pmafter market close | Sep 30, 2025 | $5.8B−2% y/y | $2.70−8% y/y |
| Jul 9, 2025 Wed | 4:31 pmafter market close | Jun 30, 2025 | $5.5B−9% y/y | $2.46−17% y/y |
| Apr 10, 2025 Thu | 4:17 pmafter market close | Mar 31, 2025 | $5.7B−7% y/y | $2.65−15% y/y |
| Feb 27, 2025 Thu | 4:27 pmafter market close | Dec 31, 2024 | ≈$5.6B−12% y/y | ≈$2.25−34% y/y |
| Nov 7, 2024 Thu | 4:22 pmafter market close | Sep 30, 2024 | $6.0B−4% y/y | $2.95−15% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
EOG Resources: 5-year financials
| 2025 | 22,632 | 6,385 | 4,980 |
| 2024 | 23,698 | 8,082 | 6,403 |
| 2023 | 24,186 | 9,603 | 7,594 |
| 2022 | 25,702 | 9,966 | 7,759 |
| 2021 | 18,642 | 6,102 | 4,664 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 20262025 10-K cover: a single class — Common Stock $0.01 (NYSE: EOG). sec.gov ↗
- Feb 2026Diluted share count −5.7% over 2020–2025; buybacks of $3.25B in 2024 and $2.56B in 2025; SBC 0.95% of revenue (XBRL). data.sec.gov ↗
- Feb 2026Per-share dividend including specials: $1.50 (2020), $8.88 (2022), $3.71 (2024), $3.99 (2025) — the specials were one-offs, while the regular dividend keeps rising. data.sec.gov ↗
- Feb 2026Legal Proceedings in the 2025 10-K lists only environmental matters; no shareholder suits or SEC cases. sec.gov ↗
Scoring: 2.0 with no deductions = 2.0 (single share class, shares −5.7% over 5 years, regular dividend rising, no shareholder suits or SEC cases)
- Share classes
- Single class of common stock (10-K cover: Common Stock, NYSE).
- Dilution
- Diluted shares −5.7% over 2020–2025 (the 2025 Encino acquisition was paid in cash), SBC 0.95% of revenue; buybacks of $3.2B (2024), $2.6B (2025).
- Disclosure
- Full 10-K/10-Q reporting.
- Dividends
- Regular dividend rising; the 2021–2023 specials were one-offs (the total falling from $8.88 in 2022 to $3.99 in 2025 reflects their end, not a cut to the regular dividend).
- Lawsuits & regulators
- Item 3 of the 2025 10-K refers to Contingencies: environmental matters with sanctions >$1M; no shareholder suits or SEC cases.
- Related parties
- No material related-party transactions in the 2026 proxy.
How the score works · checked as of Sep 2026
EOG Resources (EOG) earnings: FAQ
How does EOG Resources make money?
EOG Resources brought in $8.62 billion of revenue in Q2 2026, up 57.4% year over year. The largest source was Crude Oil & Condensate: $4.90 billion, or 57% of the total, followed by Gathering, Processing & Mktg ($2.01B, 23%) and Natural Gas ($812M, 9%); other lines add the remaining 10%. Net income for the quarter was $2.72 billion, up 102.5% year over year.
When is EOG's next earnings date?
EOG Resources (EOG) is scheduled to report on Nov 5, 2026, after market close.
What time does EOG report earnings?
EOG Resources is scheduled to report after market close on Nov 5, 2026. Its last results releases were filed after market close, most recently at 4:19 pm ET on Aug 4, 2026.
When did EOG last report earnings?
EOG Resources reported Q2 2026 results on Aug 4, 2026.
What is the EPS estimate for EOG's next earnings?
The consensus EPS forecast is $4.15 (8 analysts), vs $2.71 in the same quarter last year.
Where can I find EOG Resources's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to EOG's filings; this page breaks the latest report down in a Sankey chart.
What was EOG's net income in Q2 2026?
EOG Resources reported net income of $2,724M for Q2 2026 (+102.5% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing. How we make the breakdowns · Report an error
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