Companies
EOG Resources Inc
NYSE: EOG
$148.20
▼ $0.31 (−0.21%) today
Markets closed · 5:20pm ET

EOG Resources (EOG) Q2 2025 Earnings

Reported Aug 7, 2025, 4:24pm ET · SEC source
$2.32
Beat +6.42%
EPS · est. $2.18
$5.5B
Beat +0.99%
Revenue · est. $5.4B
+1.1%
Beating market
EOG vs S&P since report
6 quarters
Consecutive EPS beats

How Did EOG Stock React to Q2 2025 Earnings?

% change · around the report
−1%0+1%+2%Aug 7Aug 8report 4:24pm ETearnings+0.9%+1.3%
−1%0+1%+2%Aug 7Aug 8earnings+0.9%+1.3%
EOG +1.3%S&P 500 +0.9%
−1%0+1%+2%Aug 7Aug 8report 4:24pm ETearnings+1.1%+1.3%
−1%0+1%+2%Aug 7Aug 8earnings+1.1%+1.3%
EOG +1.3%NASDAQ +1.1%
0+2%+4%Aug 6Aug 15report 4:24pm ETearnings+1.6%+3.9%
0+2%+4%Aug 6Aug 15earnings+1.6%+3.9%
EOG +3.9%S&P 500 +1.6%
0+2%+4%Aug 6Aug 15report 4:24pm ETearnings+1.3%+3.9%
0+2%+4%Aug 6Aug 15earnings+1.3%+3.9%
EOG +3.9%NASDAQ +1.3%
+0.27%
Day of report
+0.48%
Next session
+2.33%
One week
+3.42%
30 days

S&P 500 over the same 30 days: +2.36%.

Did EOG Beat Earnings? Q2 2025 Results

Yes. EOG Resources reported Q2 2025 earnings of $2.32 a share on Aug 7, 2025, beating the $2.18 consensus estimate by 6.4%. Revenue was $5.5B against a $5.4B estimate.

EOG Resources delivered a stronger-than-expected second quarter, posting adjusted earnings of $2.32 per diluted share against a Wall Street consensus of $2.20, a 5.37% beat, while revenue of $5.48 billion edged past estimates by roughly 1% — even as total revenues slid 9.1% year-over-year under the weight of sharply lower crude prices. The central story of the quarter was a classic volume-versus-price tension: U.S. crude realizations fell to $64.84 per barrel from $82.71 a year ago, compressing margins and pulling operating cash flow down to $2.03 billion from $2.89 billion, yet total production surged approximately 8.3% year-over-year to 1,134.1 thousand barrels of oil equivalent per day, providing a meaningful buffer. Natural gas volumes were a particular bright spot, jumping to 2,229 MMcfd from 1,872 MMcfd, aided by improved domestic gas prices. EOG also raised its full-year production outlook following the close of its $5.6 billion Encino acquisition, strengthening confidence in its multi-basin growth trajectory heading into the second half of 2025.

Key Takeaways
  • Total crude oil equivalent production grew to 1,134.1 MBoed in Q2 2025 from 1,047.5 MBoed in Q2 2024
  • U.S. natural gas prices improved to $2.87/Mcf from $1.57/Mcf year-over-year
  • Crude oil and condensate volumes rose to 504.2 MBbld from 490.7 MBbld year-over-year
  • Natural gas volumes surged to 2,229 MMcfd from 1,872 MMcfd year-over-year
  • Lower U.S. crude oil prices at $64.84/Bbl versus $82.71/Bbl in Q2 2024 pressured revenues
  • Cash operating costs (non-GAAP) declined to $10.17/Boe from $10.33/Boe year-over-year

EOG YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$2.0B$4.0B$6.0B$6.0B$5.5BRevenue$2.1B$1.7BOperating Income$1.7B$1.3BNet Income
$0$2.0B$4.0B$6.0BRevenueOperating IncomeNet Income
EOG income statement, Q2 2025 versus Q2 2024
Metric Q2 2025 Q2 2024 Year over year
Revenue $5.5B $6.0B −9.1%
Operating Income $1.7B $2.1B −18.0%
Net Income $1.3B $1.7B −20.4%

EOG Revenue by Segment

Crude Oil and Condensate$3.0B
Gathering, Processing and Marketing$1.2B
Natural Gas$600.0M
Natural Gas Liquids$534.0M

Figures from SEC filings and company reports. Not investment advice.