| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 86 | 11.5x | 17.8x | Top tier | |
Growth | 78 | 19.1% | 7.1% | Top tier | |
Quality | 89 | 18.7% | 4.5% | Top tier | |
Safety | 86 | 0.3x | 2.6x | Top tier | |
Capital Return | 60 | 2.08% | 2.12% | Around median | |
Momentum | 82 | 14.3% | 2.9% | Top tier | |
Sentiment | 64 | 17 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
EOG Resources explores, develops, and produces oil and natural gas across a multi-basin portfolio that includes Delaware, Eagle Ford, Utica, and Dorado, alongside international exploration programs in the UAE and Bahrain. It generates revenue from the sale of oil, natural gas, and natural gas liquids production, while facilities such as the Janus gas processing plant and the Verde pipeline support its ability to access markets and improve net realized prices; Janus, with a capacity of 300 million cubic feet per day, increased net realizations by more than $0.65 per thousand cubic feet during the first half of fiscal year 2026.
In quarter 2 of fiscal year 2026, revenue according to EDGAR data was approximately $8.6 billion and net income was $2.7 billion, implying a derived net income margin of approximately 31%. Earnings per share according to EDGAR were approximately $5.15, while adjusted earnings per share reported by management were $5.07 versus analyst expectations of $5.01, and revenue reported in the earnings release rose 57.4% to $8.62 billion, supported by 24.4% production growth and favorable oil prices.
Free cash flow in quarter 2 of fiscal year 2026 reached a record $2.8 billion, and adjusted cash flow from operations was $8.29 per share. EOG returned just over $1.8 billion to shareholders, including $540 million through regular dividends and $1.3 billion through share repurchases, and ended the quarter with $4.9 billion in liquidity and $3 billion in net debt.
The average analyst price target is $159.85, with a wide range between $134 and $193 and a Buy consensus, and the average is slightly above the 52-week range high of $153.67, while the highest target is significantly above that high. In contrast, Roth Capital's Neutral rating and $138 target on August 5, 2026 reflect a degree of caution despite the record results, and the available data do not include a valid price-to-earnings multiple that can be used to confirm whether the valuation is low or high on an earnings basis.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Revenue reached $8.62 billion, up 57.4%, driven by a 24.4% increase in production and favorable oil prices. The company delivered adjusted earnings per share of $5.07 versus expectations of $5.01, while EDGAR data showed net income of $2.7 billion and earnings per share of $5.15. Free cash flow also reached a record $2.8 billion, and adjusted cash flow from operations reached $8.29 per share.
EOG drilled and completed two wells with one-mile laterals and began production from them in June 2026, with average production during the first 30 days exceeding 25 thousand barrels of oil per well. The project is located within a 900 thousand-acre concession in partnership with ADNOC and has a three-year exploration phase with an option for ADNOC to participate under the project structure. However, the two wells tested the same area and formation, so the company will need to test other areas and formations and monitor the response to artificial lift and decline curves before demonstrating large-scale development viability.
The company returned just over $1.8 billion in quarter 2 of fiscal year 2026, split between $540 million in regular dividends and $1.3 billion in share repurchases. Total shareholder returns during the first half of fiscal year 2026 were approximately $2.8 billion, with a commitment to return at least 70% of annual free cash flow. As of June 30, 2026, $11.7 billion remained under the repurchase authorization, and the company has not reduced or suspended its regular dividend for 28 years.
Automated analysis for informational purposes only — not investment advice.
EOG is targeting 5% growth in oil production and 14% growth in total production during fiscal year 2026, with capital expenditures unchanged at $6.5 billion. The plan projects free cash flow of $8 billion at market curve prices and the midpoint of guidance ranges, with a WTI breakeven below $50 per barrel. Management said Utica and the integration of Encino are driving an important portion of oil growth, while Delaware production could decline slightly year over year.
In Delaware, daily drilling footage increased 13% and direct costs declined to below $710 per foot during the first half of fiscal year 2026. In Eagle Ford, daily completion footage increased 11% compared with fiscal year 2025, and direct costs fell to below $525 per foot, while Dorado costs declined to below $700 per foot, or by 7%. The internal drilling motor program also improved average footage drilled per run by 70% since 2023, and avoiding a single motor failure could save between $100 thousand and $250 thousand.
The analyst consensus is Buy, with an average price target of $159.85, a high target of $193, and a low target of $134. The average target is slightly above the 52-week range high of $153.67, but the wide target range reflects meaningful differences in estimates of the impact of oil prices and operational execution. On August 5, 2026, Roth Capital raised its target from $132 to $138 while maintaining a Neutral rating, providing a more cautious view than the broader consensus.
