AI-extracted from the 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 2026 total operating revenues rose 57% to $8,620M as EOG's composite crude oil price jumped 51% to $98.15/Bbl and Utica volumes lifted production.
Biggest Revenue Drivers
Gathering, Processing and Marketing$2,011M+61% YoY
Sales of third-party crude oil, NGLs and natural gas, gathering fees and EOG-owned sand sales
Crude Oil and Condensate$4,901M+65% YoY
Higher composite average price ($1,667M) and 44.6 MBbld, or 9%, more deliveries, primarily from the Utica
Biggest Revenue Drivers
Total revenue: $8.6B+57% YoY
Gathering, Processing and Marketing$2,011M+61% YoY
Sales of third-party crude oil, NGLs and natural gas, gathering fees and EOG-owned sand sales
Crude Oil and Condensate$4,901M+65% YoY
Higher composite average price ($1,667M) and 44.6 MBbld, or 9%, more deliveries, primarily from the Utica
Natural Gas$812M+35% YoY
860 MMcfd, or 39%, higher deliveries from the Utica and Permian Basin, partially offset by a lower composite price
Natural Gas Liquids$770M+44% YoY
88.4 MBbld, or 34%, more NGL deliveries from the Utica and Permian Basin plus an 8% higher price
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net$40M
Included $11 million of gains related to the Brent linked gas sales contract, versus $107 million of net gains a year ago
Largest Expense Items
Marketing Costs$1,950Mvs $1,216M a year ago
Costs to purchase third-party crude oil, natural gas and sand plus associated transportation
Depreciation, Depletion and Amortization$1,259M+$206M YoY
Increased production in the United States ($229M) and Trinidad ($6M), partly offset by lower U.S. unit rates ($47M)
Gathering, Processing and Transportation Costs$676M+$221M YoY
Increased production in the Utica ($219M) and Permian Basin ($9M), partially offset by lower Eagle Ford costs
Lease and Well$467M+$71M YoY
Higher U.S. operating and maintenance costs ($50M) and lease and well administrative expenses ($18M)
Margins: Operating income rose to $3,528M from $1,747M; per-Boe costs were roughly flat at $20.90 vs $20.74, as lower lease and well, DD&A and G&A unit rates offset higher GP&T of $5.27 per Boe.
Watch Items from the Filing
Composite natural gas price fell 2% to $2.89 per Mcf and U.S. gas realizations declined to $2.77, even as gas volumes rose 39%.
Each $1.00/Bbl change in oil price plus estimated NGL change moves full-year net income about $172 million; each $0.10/Mcf gas move, about $60 million.
Board raised share repurchase authorization from $10 billion to $20 billion effective May 20, 2026; $11.7 billion remained available at June 30, 2026.
Encino purchase price allocation remains preliminary, including valuations of oil and gas properties and deferred taxes; $28 million of revisions recorded in the first half.
Interest expense, net rose to $67 million on 2025 senior note issuances; debt-to-total capitalization was 20% with $7,890 million of senior notes outstanding.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
15 transactions in EOG reported by 8 members of Congress under the STOCK Act, most recent trade Feb 10, 2026. Reported transactions, not recommendations.
About EOG RESOURCES INC (EOG): stock profile, AI score and financials
EOG RESOURCES INC (EOG) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores EOG at 70.0/100 on a composite quality score built from its SEC filings, placing it at rank #227 of 2,925 stocks — the top 10% of the AI-ranked universe. EOG scores in the top quartile across revenue scale (94.4), free cash flow (94.3), balance sheet strength (91.4). Based on the latest XBRL financial filings (Q2 2026), EOG RESOURCES INC reports quarterly revenue of $8.6B, net income of $2.7B, an operating margin of 40.9%. Top institutional holders of EOG by reported 13-F value include Capital World Investors, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. EOG trades on the NYSE exchange and files with the SEC under CIK 821189. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EOG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EOG RESOURCES INC directly from SEC EDGAR.