EOG Resources, Inc.
EOG - Insider Information
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+ FollowMarket Cap$77.36B
Close$
Earnings Call Q2 2026
August 5, 2026 - AI Summary
Record Q2 results + momentum into H2 (strong execution)
- EOG reported adjusted EPS of $5.07 and adjusted cash flow from operations per share of $8.29, generating free cash flow (FCF) of $2.8B (record).
- Operations: total company volumes above guidance midpoint; Q2 LOE and GP&T expenses were lower-than-expected.
- Forward-looking: management expects operational momentum to carry through the back half of 2026.
Shareholder returns + capital policy (good)
- Returned just over $$1.8B in Q2: $540M dividend + $1.3B share repurchases.
- Board/buyback capacity is substantial: $11.7B remaining under repurchase authorization (as of June 30).
- Dividend remains a key pillar: regular dividend not cut or suspended in 28 years.
- Commitment: return at least 70% of annual FCF to shareholders in 2026 (with dividends + buybacks).
2026 outlook / forecasts (key numbers)
- Production growth expectation: ~5% oil growth and ~14% total production growth for 2026.
- Capital spending unchanged at $6.5B for the full year (Q2 capex came in below the midpoint due to timing shifts, mainly in Gulf states).
- FCF forecast: at strip prices using guidance midpoints, ~$8B in 2026 FCF.
- Cost economics: plan targets WTI breakeven below $50/bbl (mid-cycle strategy / low-cost positioning).
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$289.88
97.1% upside
Current Fair Value
97.1% upsideUndervalued by 97.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $77.36 Billion |
|---|---|
| Enterprise Value | $81.40 Billion |
| Annual dividend | $4.08 |
| Dividend yield | 2.46% |
| Earnings per Share | $9.16 |
| Beta | 0.27 |
| Outstanding Shares | 526,000,000 |
Return
| Return on Equity | 21.58% |
|---|---|
| Return on Assets | 12.55% |
| Return on Invested Capital | 21.88% |
Valuation & Multiples
| P/E Ratio | 12.81 |
|---|---|
| PEG | 12.5 |
| Price to Sales | 2.94 |
| Price to Book Ratio | 2.45 |
| Enterprise Value to Revenue | 3.04 |
| Enterprise Value to EBIT | 7.52 |
| Enterprise Value to Net Income | 11 |
| Total Debt to Enterprise | 0.11 |
| Debt to Equity | 0.28 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 6, 2026
EPS Estimate
$5.02
Consensus analyst estimateRevenue Estimate
$7.88 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 5, 2026
EPS Estimate
$4.47
Consensus analyst estimateRevenue Estimate
$7.26 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 59.49% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.24%▼ 94.00% |
|---|---|
| Total Invested | $3.08B▼ 95.47% |
| Investors Holding | 616▼ 1089.00% |
About EOG Resources, Inc.
3,400 employees
CEO: William Thomas
EOG Resources, Inc., alongside its subsidiaries, is an independent energy company engaged in the entire value chain of the crude oil and natural gas industry. This includes the exploration, development, production, and marketing of crude...