EOG Resources (EOG) stock
Energy · Oil & Gas Exploration & Production
EOG Resources (EOG) is an Oil & Gas Exploration & Production company in the Energy sector, headquartered in Houston, Texas. As of October 23, 2026, EOG closed at $163.03, a market capitalization of $85.51 billion, the 146th largest company in the S&P 500. Over the last twelve months it generated $26.72 billion in revenue (+59% year over year) and $6.61 billion in free cash flow. The stock trades at 12.7x trailing earnings and 10.1x forward earnings.
- 1-year total return: +55.6% (dividends reinvested)
- 5-year return: +17.6% a year
- 52-week range: $101.59 – $165.11
- Gross margin 62.6%, operating margin 40.7%
- Dividend yield: 2.50%, 8 straight years of increases
- FI Handbook report card: A- across 10 metrics
- 8th largest of 21 Energy stocks in the S&P 500
EOG price chart
1Y price change: +50.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| EOG | +15.7% | +60.2% | +55.6% | +11.3% | +17.6% | +9.2% | +13.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1989.
EOG key statistics
- Market cap
- $85.5B
- #146 in S&P 500
- P/E (TTM)
- 12.7x
- Forward P/E
- 10.1x
- EPS (TTM)
- $12.85
- Revenue (TTM)
- $26.7B
- +59%
- Free cash flow
- $6.6B
- Gross margin
- 62.6%
- Operating margin
- 40.7%
- Return on equity
- 22.5%
- Dividend yield
- 2.50%
- 52-week range
- $101.59 – $165.11
- Beta
- 0.37
- Price / sales
- 3.2x
- EV / EBITDA
- 6.1x
- Debt / equity
- 0.26x
- Employees
- 3,400
EOG report card
A-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth58.7%A
- Gross margin62.6%A
- Operating margin40.7%A
- FCF margin24.8%B
- Return on equity22.5%B
- Net debt / EBITDA0.2xB
- Forward P/E10.1xA
- PEG ratio1.4xB
- Shareholder yield5.5%A
- Share count change / yr-1.2%B
EOG Resources financials
Revenue went from $7.7B in fiscal 2016 to $22.6B in fiscal 2025, growing 12.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7B | $11.2B | $17.3B | $17.4B | $11.0B | $18.6B | $25.7B | $24.2B | $23.7B | $22.6B |
| Operating income | -$1.2B | $926.4M | $4.5B | $3.7B | -$544.0M | $6.1B | $10.0B | $9.6B | $8.1B | $6.4B |
| Net income | -$1.1B | $2.6B | $3.4B | $2.7B | -$605.0M | $4.7B | $7.8B | $7.6B | $6.4B | $5.0B |
| EPS (diluted) | $-1.98 | $4.46 | $5.89 | $4.71 | $-1.04 | $7.99 | $13.22 | $13.00 | $11.25 | $9.12 |
| Buybacks | $82.1M | $63.4M | $63.5M | $25.0M | $16.0M | $41.0M | $118.0M | $1.0B | $3.2B | $2.6B |
| Diluted shares | 553.4M | 578.7M | 580.4M | 581.0M | 579.0M | 584.0M | 587.0M | 584.0M | 569.0M | 546.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into EOG?
A reverse DCF asks what growth the current price requires. With an enterprise value of $88.9B and $6.6B of trailing free cash flow, EOG Resources needs to grow free cash flow about 0.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 17.9x vs. median 16.2x (10th–90th percentile 9.3x–64.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
EOG dividend
- Dividend yield
- 2.50%
- Annual dividend
- $4.08
- Years of increases
- 8
- 5-yr dividend growth
- 22.8%
- per year
- Payout ratio
- 31%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
EOG analyst price targets
29 analysts' average 12-month target is $166.41 (+2% vs. $163.03). Targets range from $141.00 to $213.00.
EOG earnings
Next report: November 5, 2026. EOG Resources has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $8.5B (+59% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 4, 2026 | $4.97 | $5.07 | +2.1% |
| May 5, 2026 | $3.21 | $3.41 | +6.2% |
| Feb 24, 2026 | $2.20 | $2.27 | +3.4% |
| Nov 6, 2025 | $2.45 | $2.71 | +10.8% |
| Aug 7, 2025 | $2.20 | $2.32 | +5.2% |
| May 1, 2025 | $2.77 | $2.87 | +3.5% |
| Feb 27, 2025 | $2.57 | $2.74 | +6.8% |
| Nov 7, 2024 | $2.77 | $2.89 | +4.2% |
Stocks like EOG
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 COP ConocoPhillips | +3.55% | +73% | $181.2B | 20.0x | Compare |
 OXY Occidental Petroleum Corporatio | +2.67% | +53% | $64.1B | 18.2x | Compare |
 FANG Diamondback Energy | +4.37% | +43% | $57.6B | 40.0x | Compare |
 DVN Devon Energy | +4.49% | +58% | $56.5B | 11.2x | Compare |
 EQT EQT | +1.76% | +5% | $34.8B | 12.9x | Compare |
 TPL Texas Pacific Land | +1.38% | +9% | $23.3B | 43.1x | Compare |
 EXE Expand Energy | +0.29% | -9% | $21.6B | 8.0x | Compare |
 APA APA | +4.98% | +117% | $18.2B | 11.0x | Compare |
EOG news
- Is EOG Resources (EOG) Stock Undervalued Right Now? · Oct 20, 2026
- The Zacks Analyst Blog Highlights EOG Resources, ExxonMobil, Diamondback Energy and Chevron · Oct 20, 2026
- EOG Resources (EOG) Stock May Trade Below Fair Value After Its 113% Run · Oct 20, 2026
- What EOG Resources (EOG) Earnings Beat Means For Shareholders · Oct 20, 2026
- Is EOG Resources (EOG) Still Cheap On Strong Earnings And A New 52 Week High? · Oct 20, 2026
EOG stock FAQ
What is EOG's market cap?
EOG Resources's market capitalization is $85.51 billion as of October 23, 2026, ranking 146th in the S&P 500.
What is EOG's P/E ratio?
EOG trades at a trailing price-to-earnings ratio of 12.7x and a forward P/E of 10.1x. Its median P/E over the period we track is 16.2x.
Does EOG pay a dividend?
Yes. EOG Resources pays $4.08 per share a year, a 2.50% yield. It has raised its dividend 8 years in a row. Dividends grew 22.8% a year over the last five years.
How much has EOG stock returned?
Including reinvested dividends, EOG returned +55.6% over one year, +17.6% a year over five years, +9.2% a year over ten years through October 23, 2026.
Is EOG stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies EOG Resources must grow free cash flow about 1% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the EOG price target?
29 analysts cover EOG with an average 12-month price target of $166.41, +2% from the current price.
When does EOG report earnings?
EOG Resources is expected to report earnings on November 5, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does EOG Resources have?
EOG Resources has about 3,400 full-time employees, or $7.9 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology