EOG Resources (EOG) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and EOG Resources published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. EOG Resources reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted (non-GAAP), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue here is EOG's Total Operating Revenues and Other. It includes gathering, processing and marketing revenue from sales of third-party oil and gas, derivative mark-to-market gains and gains on asset sales, alongside sales of EOG's own production.
• The exhibit EOG filed with its Q3 2026 Form 8-K is its supplemental financial and operating data. It contains no outlook; EOG's 2026 plan figures on this page come from its 10-Q.
• EOG acquired Encino, a Utica producer, on August 1, 2025, so the year-ago quarter includes only two months of it.

Source: EOG Q3 2026 supplemental financial and operating data, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How EOG Resources splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• EOG Resources's Crude Oil and Condensate revenue was $4.4 billion in Q3 2026, up 35% from $3.2 billion in Q3 2025, 51% of total revenue.
• EOG Resources's Natural Gas Liquids revenue was $858 million in Q3 2026, up 42% from $604 million in Q3 2025, 10% of total revenue.
• EOG Resources's Natural Gas revenue was $1.1 billion in Q3 2026, up 53% from $707 million in Q3 2025, 13% of total revenue.
• EOG Resources's Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net revenue was $105 million in Q3 2026, down 9% from $116 million in Q3 2025, 1% of total revenue.
• EOG Resources's Gathering, Processing and Marketing revenue was $1.8 billion in Q3 2026, up 57% from $1.2 billion in Q3 2025, 22% of total revenue.
• EOG Resources's Gains (Losses) on Asset Dispositions, Net revenue was $242 million in Q3 2026, 3% of total revenue.
• EOG Resources's Other, Net revenue was $21.0 million in Q3 2026, up 24% from $17.0 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total operating revenues and other and GAAP diluted EPS, each as first reported in that quarter's supplemental data exhibit to EOG's Form 8-K.

We do not hold a confirmed date for EOG Resources's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

EOG Resources' total operating revenues and other rose $2,702 million, or 46%, to $8,549 million in Q3 2026 from $5,847 million a year earlier. Sales of EOG's own production brought in $6,335 million: crude oil and condensate $4,392 million, natural gas liquids $858 million and natural gas $1,085 million. The rest came from gathering, processing and marketing ($1,846 million), net gains on derivative contracts ($105 million) and net gains on asset dispositions ($242 million). (EOG Form 10-Q, Q3 2026, Nov 5, 2026; EOG Q3 2026 supplemental financial and operating data (Form 8-K, Exhibit 99.1), Nov 5, 2026)

Crude oil and condensate revenue rose $1,149 million, or 35%. EOG attributes $1,050 million of that to a higher composite average price and $99 million to deliveries that rose 15.9 MBbld, or 3%, mainly from the Utica. The composite crude price was $86.72 per barrel, against $65.95 a year earlier, and the 10-Q links the higher crude prices EOG realized in 2026 to the conflict in the Middle East. (EOG Form 10-Q, Q3 2026, Nov 5, 2026)

Natural gas revenue rose 53% to $1,085 million on a composite price of $3.74 per Mcf, against $2.80, and deliveries up 408 MMcfd, or 15%. NGL revenue rose 42% to $858 million on a price of $26.13 per barrel, against $21.25, and deliveries up 47.8 MBbld. EOG says the added gas and NGL volumes came mainly from the Utica and Permian Basin; it acquired Utica producer Encino on August 1, 2025 for $4,471 million in cash. Total production was 1,433.1 MBoed, against 1,301.2 MBoed a year earlier. (EOG Form 10-Q, Q3 2026, Nov 5, 2026; EOG Q3 2026 supplemental financial and operating data (Form 8-K, Exhibit 99.1), Nov 5, 2026)

Gathering, processing and marketing revenue, $1,846 million, comes mostly from selling third-party crude oil, NGLs and natural gas, plus gathering fees and sales of EOG-owned sand. It is largely offset by marketing costs, which were $1,781 million in the quarter. (EOG Form 10-Q, Q3 2026, Nov 5, 2026; EOG Q3 2026 supplemental financial and operating data (Form 8-K, Exhibit 99.1), Nov 5, 2026)

EOG Resources is almost entirely a US producer: at the end of 2025 about 99% of its net proved reserves of 5,514 MMBoe were in the United States and 1% in Trinidad. In 2025 two purchasers, both crude oil refiners, each accounted for more than 10% of its production and marketing revenues. (EOG Form 10-K, 2025, Feb 24, 2026)

EOG Resources' GAAP diluted EPS was $5.33 in Q3 2026, against $2.70 a year earlier, and adjusted EPS was $4.87, against $2.71. The adjusted figure removes $0.37 per share of gains on asset dispositions and $0.15 of mark-to-market derivative gains, and adds back $0.06 of cash received on derivative settlements. The asset gains came mainly from selling EOG's entire Barnett Shale interest for $220 million, a sale that closed on September 15, 2026. (EOG Q3 2026 supplemental financial and operating data (Form 8-K, Exhibit 99.1), Nov 5, 2026; EOG Form 10-Q, Q3 2026, Nov 5, 2026)

EOG's net effective tax rate rose to 22% from 19%, which the 10-Q attributes to the absence of certain 2025 state tax benefits related to the Encino acquisition. (EOG Form 10-Q, Q3 2026, Nov 5, 2026)

Buybacks cut EOG's diluted share count to 522 million from 544 million a year earlier. EOG repurchased 7,048,447 shares in the quarter at an average of $142.99 and 19.8 million shares for about $2,704 million in the first nine months of 2026, with about $10.6 billion left under its authorization. (EOG Q3 2026 supplemental financial and operating data (Form 8-K, Exhibit 99.1), Nov 5, 2026; EOG Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

EOG Resources filed no outlook with its Q3 2026 results: the 8-K exhibit is financial and operating data only. In its 10-Q EOG estimates total 2026 capital expenditures of about $6.3 billion to $6.7 billion and expects full-year crude oil and condensate production to rise about 5% from 2025 and total production about 14%. (EOG Form 10-Q, Q3 2026, Nov 5, 2026; EOG Q3 2026 supplemental financial and operating data (Form 8-K, Exhibit 99.1), Nov 5, 2026)

EOG also gives its sensitivity to oil prices. As of September 30, 2026, each $1.00 per barrel change in crude oil and condensate price, with the estimated change in NGL price, moves net income by about $175 million and pretax cash flow by about $224 million. (EOG Form 10-Q, Q3 2026, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover EOG Resources, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones EOG Resources's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning EOG is on is EOG a buy or a sell?, what analysts expect next is on the EOG forecast, and what the company does is on the EOG Resources (EOG) stock page.

Every number on this page can be traced to a document EOG Resources published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.