EOG Resources

EOG

Market cap $58.5B

EOG Resources (EOG) maintains a Buy rating, supported by strong financials, robust free cash flow, and a diversified multi-basin and international growth strategy. EOG's integration of Encino, cost reductions, and international expansion drive higher FCF guidance, with 89% of 2025's estimated FCF already allocated to shareholder returns via dividends and buybacks. Macro factors - including potential Fed rate cuts, geopolitical tensions, and OPEC actions - create both risks and opportunities for EOG, but natural gas exposure offers long-term potential.

EOG Resources (EOG) is downgraded to 'hold' as oil price weakness limits upside despite strong operational execution and a solid balance sheet. EOG's Encino acquisition offers significant synergy potential, cost efficiencies, and over 2 billion barrels of undeveloped resources, supporting long-term durability. EOG maintains industry-leading cost control, robust free cash flow, and a 3.9% dividend yield, returning ~90% of FCF to shareholders via buybacks and dividends.

EOG Resources, Inc. ( EOG ) Q3 2025 Earnings Call November 7, 2025 10:00 AM EST Company Participants Pearce Hammond - Vice President of Investor Relations Ezra Yacob - CEO & Chairman Ann Janssen - Executive VP & CFO Jeffrey Leitzell - Executive VP & COO Keith Trasko - Senior Vice President of Exploration & Production Conference Call Participants Neil Mehta - Goldman Sachs Group, Inc., Research Division Stephen Richardson - Evercore ISI Institutional Equities, Research Division Joshua Silverstein - UBS Investment Bank, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Leo Mariani - ROTH Capital Partners, LLC, Research Division Scott Hanold - RBC Capital Markets, Research Division David Deckelbaum - TD Cowen, Research Division Wei Jiang - Barclays Bank PLC, Research Division Presentation Operator Good day, everyone, and welcome to the EOG Resources Third Quarter 2025 Earnings Results Conference Call. As a reminder, this call is being recorded.

EOG posts Q3 EPS of $2.71, topping estimates on strong output growth, though lower price realization weighs on revenue.

EOG Resources (EOG) came out with quarterly earnings of $2.71 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.89 per share a year ago.

EOG Resources beat analysts' estimates for third-quarter profit on Thursday, as a rise in output helped the U.S. oil and gas producer offset a drop in crude prices.

HOUSTON , Nov. 6, 2025 /PRNewswire/ -- EOG Resources, Inc. (EOG) today reported third quarter 2025 results. The attached supplemental financial tables and schedules for the reconciliation of non–GAAP measures to GAAP measures and related definitions and discussion, along with a related presentation, are also available on EOG's website at http://investors.eogresources.com/investors.

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