Q2 26 EPS
$5.07
BEAT +1.53%
Est. $4.99
Q2 26 Revenue
$8.62B
BEAT +7.90%
Est. $7.99B
vs S&P Since Q2 26
-7.0%
TRAILING MARKET
EOG -6.8% vs S&P +0.2%
Market Reaction
Did EOG Beat Earnings? Q2 2026 Results
EOG Resources posted a standout second quarter of 2026, with adjusted EPS of $5.07 beating the $4.99 consensus estimate by 1.53%, extending the company's streak of topping Wall Street EPS expectations to five consecutive quarters. Revenue climbed to … Read more EOG Resources posted a standout second quarter of 2026, with adjusted EPS of $5.07 beating the $4.99 consensus estimate by 1.53%, extending the company's streak of topping Wall Street EPS expectations to five consecutive quarters. Revenue climbed to $8.62 billion, a 61.0% surge from the year-ago period and well ahead of the $7.99 billion consensus, as sharply higher crude oil prices proved to be the single most powerful driver of the quarter's outperformance. EOG's composite crude oil realized price of $98.15 per barrel, up from $65.63 in Q2 2025, fueled crude oil and condensate revenue that nearly doubled year over year to $4.90 billion, while total production reached 1,410.4 MBoed as the integration of acquired Encino assets bolstered volumes. Free cash flow hit $2.80 billion, more than double the prior-year figure, enabling EOG to return capital aggressively through $1.30 billion in share repurchases and a $1.02 per share dividend. Institutional interest in the stock has notably increased alongside the strong results.
Key Takeaways
- • Significantly higher realized crude oil prices ($98.15/Bbl composite vs. $65.63/Bbl in Q2 2025)
- • Higher production volumes (1,410.4 MBoed vs. 1,134.1 MBoed in Q2 2025) driven by organic growth and Encino acquisition integration
- • Expanded NGL volumes (346.8 MBbld vs. 258.4 MBbld in Q2 2025)
- • Natural gas volumes rose to 3,089 MMcfd from 2,229 MMcfd year-over-year
- • Controlled operating costs with non-GAAP cash operating costs at $10.17/Boe
EOG YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
EOG Revenue by Segment
With YoY comparisons, source: SEC Filings
EOG Earnings Trends
EOG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EOG EPS Trend
Earnings per share: estimate vs actual
EOG Revenue Trend
Quarterly revenue: estimate vs actual
EOG Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $4.99 | $5.07 | +1.53% | $8.62B | +7.90% |
| Q1 26 BEAT | $3.21 | $3.41 | +6.23% | $6.92B | +14.14% |
| Q4 25 BEAT FY | $2.20 | $2.27 | +3.38% | $5.64B | +4.73% |
| FY Full Year | $10.10 | $10.16 | +0.57% | $22.63B | +1.13% |
| Q3 25 BEAT | $2.49 | $2.71 | +8.84% | $5.85B | +4.66% |
| Q2 25 BEAT | $2.18 | $2.32 | +6.42% | $5.48B | +0.99% |
| Q1 25 BEAT | $2.77 | $2.87 | +3.59% | $5.67B | -3.28% |