EOG RESOURCES INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: EOG Resources delivered a strong Q1 FY2026 with revenue surging 22.1% YoY to $6.92B and net income rising 35.3% to $1.98B, driven by robust operating cash flow of $2.97B, though long-term debt more than doubled following what appears to be a significant acquisition or capital deployment.
Drawn from management commentary in the Q1 2026 10-Q:
EOG posted Q1 FY2026 revenue of $6.92B, up 22.1% from $5.67B in Q1 FY2025, with net income climbing 35.3% to $1.98B. Operating income grew even faster at 39.8% YoY to $2.60B, reflecting strong commodity price realization and operational efficiency gains.
Operating margin expanded approximately 470 basis points YoY to 37.5%, while net margin reached 28.6%. This improvement suggests EOG benefited from higher realized prices and disciplined cost management relative to revenue growth, with D&A rising a more modest 17.8% to $1.19B.
Operating cash flow increased 29.6% YoY to $2.97B, significantly outpacing the prior year's $2.29B. This robust cash generation underscores the quality of EOG's asset base and its ability to convert earnings into cash, supporting ongoing capital returns and investment programs.
Revenue
$6.92B
++22.09% YoY
EPS (Basic)
$3.72
++39.85% YoY
Operating Income
$2.6B
++39.75% YoY
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