EOG Resources, Inc.
EOG - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$81.88B
Close$
Earnings Call Q3 2026
November 6, 2026 - AI Summary
Record operating quarter + strong cost discipline (good)
- Q3 delivered record oil, NGL, and natural gas production with all 3 streams above guidance midpoint.
- Total per-unit cash operating costs and DD&A below guidance midpoint → supports strong margins and cash generation.
- Capex in Q3 also below midpoint, mainly due to operational timing.
2026 guidance + “3-year scenario” carried into 2027 with low single-digit oil growth (good)
- Full-year 2026 expectations: ~5% oil production growth and ~14% total production growth; capex unchanged at $6.5B.
- 2027: company expects to stay consistent with its 3-year scenario and deliver low single-digit oil production growth (assumes current supply/demand fundamentals persist).
- Rationale: management believes the market “needs more oil supply” next year if fundamentals hold.
Shareholder return: dividend growth + continued buybacks (very good)
- Regular dividend increased 8% to an indicated $4.40/share annual run rate (confidence in free cash flow).
- Company reiterates returning minimum 70% of free cash flow to investors in 2026.
- Q3 capital returned: ~$1.5B total (~$540M dividend, ~$1.0B share repurchases).
- Since 2023, share count reduced ~13%; $10.6B remaining under repurchase authorization (as of Sept 30).
- Surprise/positive angle: 8% dividend increase for 2027 discussed as evidence of “confidence” and a “pristine balance sheet.”
Exclusive for Stockcircle Pro members
Sign up
$298.41
88.5% upside
Current Fair Value
88.5% upsideUndervalued by 88.5% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $81.88 Billion |
|---|---|
| Enterprise Value | $84.39 Billion |
| Annual dividend | $4.08 |
| Dividend yield | 2.58% |
| Earnings per Share | $9.16 |
| Beta | 0.27 |
| Outstanding Shares | 518,000,000 |
Return
| Return on Equity | 24.73% |
|---|---|
| Return on Assets | 14.50% |
| Return on Invested Capital | 20.47% |
Valuation & Multiples
| P/E Ratio | 10.17 |
|---|---|
| PEG | 11.42 |
| Price to Sales | 2.83 |
| Price to Book Ratio | 2.51 |
| Enterprise Value to Revenue | 2.89 |
| Enterprise Value to EBIT | 8.16 |
| Enterprise Value to Net Income | 10 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 0.25 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 5, 2026
EPS
$4.87
Est. $4.47Revenue
$8.55 B
Est. $7.26 BNext Earnings Call
Expected Date
February 23, 2027
EPS Estimate
$5.43
Consensus analyst estimateRevenue Estimate
$8.16 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.02, calls and puts are about even.
| Put/Call Ratio | 1.0187▲ 42.38% |
|---|---|
| Total Calls | 123,103▼ 97.24% |
| Total Puts | 125,400▼ 95.28% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 13.37%▼ 84.86% |
|---|---|
| Total Invested | $9.75B▼ 85.65% |
| Investors Holding | 896▼ 809.00% |
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...