EOG RESOURCES INC(EOG)Stock Analysis
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Rank #275 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
EOG Stock Analysis & AI Quality Score
AI stock analysis and institutional research for EOG RESOURCES INC (EOG), a Energy sector company. 13F Pro's AI-powered ranking engine scores EOG at 71.1/100 on a 32-signal composite quality model, placing it at rank #275 of 2,879 stocks — the top 10% of the AI-ranked universe. EOG scores in the top quartile across revenue scale (93.9), free cash flow (91.1), balance sheet strength (90.1). Areas of concern include earnings quality (28.9) and revenue growth (32.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), EOG RESOURCES INC reports quarterly revenue of $6.9B, net income of $2.0B, free cash flow of $3.0B. 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. EOG RESOURCES INC's 13F Pro composite quality score has ranged between 8 and 89 since 2021, currently 71.1 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving EOG's Business? Latest 10-Q Breakdown
AI-extracted from EOG RESOURCES INC's 10-Q filed 2026-05-05 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
EOG Resources posted net income of $1,980M in Q1 2026, up 35% YoY, driven by 22% revenue growth to $6,921M on higher crude oil volumes from Utica acquisition and stronger commodity prices.
Biggest Revenue Drivers
Total revenue: $6,921M+22% YoY
Increased production of 46.4 MBbld primarily from Utica, partially offset by lower composite price.
Higher margins on crude oil marketing activities and increased production handling.
940 MMcfd increase in volumes primarily from Utica and Permian Basin, plus 10% higher composite price.
90.4 MBbld production increase from Utica and Permian Basin, partially offset by 16% lower price.
Net gains compared to $191M losses in Q1 2025; includes $119M gains on Brent-linked gas sales contract.
Largest Expense Items
Increased with higher third-party crude oil and natural gas purchasing volumes and transportation.
Increased DD&A on oil and gas properties due to higher US production volumes and Encino acquisition.
Increased costs for Utica production ($221M) reflecting higher NGL extraction and processing volumes.
Increased operating and maintenance costs in US ($44M) and lease and well administrative expenses ($19M).
Watch Items from the Filing
- Encino acquisition integration: $4,471M cash acquisition closed August 2025; contributes significant Utica production and adds complexity; purchase price allocation still preliminary as of March 31, 2026.
- Natural gas price exposure: 10-year contract from 2027 commits 180,000 MMBtud to fixed Brent-linked pricing; limits upside if commodity prices decline but locks in protection against weakness.
- Debt-to-capitalization ratio of 20% at Q1 2026; manageable but increased from Encino deal; $3.0B revolving credit undrawn provides liquidity cushion.
- Geopolitical exposure: 43 MBbld Trinidad oil production exposed to ongoing Middle East conflict affecting global prices; 2% of total crude output but with higher realized prices.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$6.9B
Net Income
Q1 2026
$2.0B
Free Cash Flow
Q1 2026
$3.0B
D/E Ratio
Q1 2026
0.26
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-7.8% YoYNet Income
-17.5% YoYOperating Income
-18.9% YoYEPS (Diluted)
-14.9% YoYTotal Assets
+14.1% YoYTotal Debt
-6.4% YoYOp. Cash Flow
+9.5% YoY| Metric | FY 2024 | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $23.70B -7.8% | $25.70B +133.0% | $11.03B -36.5% | $17.38B +0.6% | $17.28B +54.1% | $11.21B |
| Net Income | $6.40B -17.5% | $7.76B +1382.5% | $-605.0M -122.1% | $2.73B -20.0% | $3.42B +32.4% | $2.58B |
| Operating Income | $8.08B -18.9% | $9.97B +1932.0% | $-544.0M -114.7% | $3.70B -17.2% | $4.47B +382.4% | $926.4M |
| EPS (Diluted) | $11.25 -14.9% | $13.22 +1371.2% | $-1.04 -122.1% | $4.71 -20.0% | $5.89 +32.1% | $4.46 |
| Total Assets | $47.19B +14.1% | $41.37B +15.5% | $35.80B -3.6% | $37.13B +9.4% | $33.93B +13.7% | $29.83B |
| Total Debt | $4.75B -6.4% | $5.08B -12.7% | $5.82B +12.4% | $5.18B -14.9% | $6.08B -4.8% | $6.39B |
| Operating Cash Flow | $12.14B +9.5% | $11.09B +121.5% | $5.01B -38.7% | $8.16B +5.1% | $7.77B +82.1% | $4.27B |
AI Insight: EOG Financial Trends
EOG's Q1 2026 revenue and net income hit table highs, but total debt has more than doubled since Q2 2024, a structural shift demanding scrutiny.
• Revenue rebounded sharply to $6,921M in Q1 2026, the highest in the dataset, up 26.4% from the Q2 2025 trough of $5,478M.
• Net income reached $1,980M in Q1 2026, recovering strongly after collapsing to $701M in Q4 2025, the table's lowest.
• Total debt surged from $3,776M in Q3 2024 to $7,936M in Q4 2025, remaining near that level at $7,931M in Q1 2026.
• Operating cash flow declined from $3,588M in Q3 2024 to $2,032M in Q2 2025, partially recovering to $2,966M in Q1 2026.
⚠ Debt more than doubled to $7,931M by Q1 2026 versus $3,776M in Q3 2024 — equity growth has not kept pace.
⚠ Q4 2025 operating income collapsed to $943M, the lowest in the table — monitor whether Q1 2026's $2,598M recovery is durable.
⚠ Operating CF of $2,966M in Q1 2026 remains well below the Q3 2024 peak of $3,588M despite higher revenue — watch conversion efficiency.
AI Insight: EOG Ratio Trends
Q1 2026 margin and returns surge to multi-quarter highs, but TTM figures remain depressed by a weak Q4 2025.
• Operating margin rebounded sharply to 37.5% in Q1 2026 from a trough of 16.7% in Q4 2025 — the highest single-quarter level in the dataset.
• ROIC hit 26.8% in Q1 2026, recovering well above the Q4 2025 low of 10.0% and exceeding the Q2 2024 peak of 25.9%.
• D/E rose steadily from 0.13 in Q2–Q3 2024 to 0.27 in Q4 2025, remaining elevated at 0.26 in Q1 2026.
• TTM net profit margin of 23.0% trails the Q1 2026 standalone reading of 28.6%, reflecting Q4 2025 drag on trailing results.
⚠ Q4 2025 was a severe outlier — OpMargin collapsed to 16.7% and ROIC to 10.0%. Confirm whether one-off or structural.
⚠ D/E doubled from 0.13 in mid-2024 to 0.26–0.27 by late 2025; sustained leverage expansion warrants monitoring.
⚠ Q1 2026 strength is encouraging — watch whether margins hold above 30% through Q2 2026 to confirm a durable recovery.
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Available Research
13F Pro tracks comprehensive data for EOG RESOURCES INC including:
Top Institutional Holders of EOG
Capital World Investors
$7.5B51,890,964 shBlackRock, Inc.
$6.4B44,260,333 shVANGUARD CAPITAL MANAGEMENT LLC
$5.1B35,054,131 shSTATE STREET CORP
$4.9B33,921,548 shCapital Research Global Investors
$3.8B26,056,870 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$2.4B16,279,433 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.9B13,351,332 shGEODE CAPITAL MANAGEMENT, LLC
$1.8B12,782,758 shAMERIPRISE FINANCIAL INC
$1.5B10,561,599 shFRANKLIN RESOURCES INC
$1.1B7,819,024 sh
| Fund | Value | Shares |
|---|---|---|
| Capital World Investors | $7.5B | 51,890,964 |
| BlackRock, Inc. | $6.4B | 44,260,333 |
| VANGUARD CAPITAL MANAGEMENT LLC | $5.1B | 35,054,131 |
| STATE STREET CORP | $4.9B | 33,921,548 |
| Capital Research Global Investors | $3.8B | 26,056,870 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2.4B | 16,279,433 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.9B | 13,351,332 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.8B | 12,782,758 |
| AMERIPRISE FINANCIAL INC | $1.5B | 10,561,599 |
| FRANKLIN RESOURCES INC | $1.1B | 7,819,024 |
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Popular Research
Is EOG a good stock to buy?
13F Pro's AI-powered analysis of EOG RESOURCES INC (EOG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for EOG are available on the EOG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own EOG?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling EOG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of EOG RESOURCES INC's investment landscape.