EOG Resources, Inc.

EOG Resources, Inc.

EOG

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Market Cap$71.04B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
EOG Resources, Inc.EOG Resources, Inc.12.93.03%18%3.20.3

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Strong Q1 2026 performance + record cash generation (good/surprising) - Outperformed guidance midpoints on production volumes, total per-unit cash operating costs, and DD&A despite a significant winter storm and third-party downtime. - Reported $1.8B adjusted net income and ~$1.5B free cash flow (FCF) in Q1. - Continued capital/operational execution translated into adjusted EPS $3.41 and adjusted cash flow from ops/share $5.85.
2026 outlook: pivot to more oil/liquids while keeping CapEx flat (forecast) - 2026 capital budget maintained at $6.5B, but company is reallocating from natural gas toward oil-weighted assets. - Oil production guidance increased by +2 kbpd and NGL guidance by +6 kbpd (capital spend unchanged). - Near-term gas approach: moderating development at Dorado due to current gas prices, while still investing to leverage learnings/infrastructure and lower breakevens. - Record forecast: using guidance midpoints and strip pricing, EOG expects ~$8.5B free cash flow in 2026 and expects to return at least 70% of FCF (company says this would be a record annual cash return).
Shareholder returns: dividend + aggressive buybacks with capacity to keep going (forecast/opportunity) - Q1 returned ~$950M: ~$550M regular dividend + ~$400M share repurchases. - At March 31, $2.9B remaining under the buyback authorization → substantial capacity for additional buybacks. - Buybacks were tactically opportunistic: ~3.2M shares repurchased in first four months; a large portion occurred in March (10b5-1 timing) and then April 1–28 repurchased ~2.3M shares. - Management emphasized supporting the sustainably growing regular dividend; special dividends remain “in the mix,” but buybacks are the preferred supplemental mechanism.

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$155.00

Target Price by Analysts

9.5% upsideEOG Resources Target Price DetailsTarget Price
$348.84

Current Fair Value

146.5% upside

Undervalued by 146.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$71.04 Billion
Enterprise Value$76.27 Billion
Dividend Yield$4.04 (3.03%)
Earnings per Share$9.16
Beta0.28
Outstanding Shares532,000,000

Return

Return on Equity17.79%ROE
Return on Assets10.30%
Return on Invested Capital18.48%

Valuation & Multiples

P/E Ratio12.91P/E Ratio
PEG36.53PEG
Price to Sales3.22Price to Sales
Price to Book Ratio2.44Price to Book Ratio
Enterprise Value to Revenue3.25
Enterprise Value to EBIT8.42
Enterprise Value to Net Income13
Total Debt to Enterprise0.12
Debt to Equity0.29Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$2.42
Average shareholder expectation
Revenue Estimate
$5.76 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$5.01
Average shareholder expectation
Revenue Estimate
$7.86 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7157▼ 38.52%
Total Calls4,642,055▼ 0.52%
Total Puts3,322,464▼ 35.33%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %94.11%▲ 1.60%
Total Invested$73.31B▲ 38.50%
Investors Holding1,661▲ 91.00%

ESG Score

No data

About EOG Resources, Inc.

CEO: William Thomas

Relevant Senate Committees

Joint Committee on Taxation

This committee provides crucial analysis and scoring for tax legislation, directly influencing corporate tax rates, deductions, and credits that significantly impact EOG Resources' profitability and capital investment planning.

Finance

This committee's control over tax policy (e.g., corporate tax rates, energy-specific tax incentives or disincentives) and trade policy directly impacts EOG Resources' profitability, investment strategies, and the global market for its products.

Agriculture, Nutrition, and Forestry

The committee's oversight of the CFTC and the regulation of futures and derivatives markets for commodities like crude oil and natural gas directly impacts EOG Resources' hedging strategies, price discovery, and revenue certainty.

Energy and Natural Resources

This committee directly oversees national energy policy, including leasing regulations for public lands and resource extraction, which are critical for EOG Resources' exploration and production activities.

Environment and Public Works

The committee's oversight of the EPA and environmental regulations directly affects EOG Resources' operational costs, permitting processes for drilling, and compliance requirements related to emissions and water use.

Foreign Relations

This committee's influence on sanctions, treaties, and foreign policy directly impacts global crude oil and natural gas prices, which are the primary revenue drivers for EOG Resources.