Quarterly ResultMay 5, 2026, 04:24 PM
EOG Resources Q1 Net Income $1.98B; EPS $3.70
AI Summary
EOG Resources, Inc. announced strong first quarter 2026 financial and operational results, reporting a significant increase in net income and diluted earnings per share. The company's performance was bolstered by higher commodity prices for crude oil and natural gas. EOG also provided its second quarter and full year 2026 forecast and benchmark commodity pricing information.
Key Highlights
- Net income for Q1 2026 was $1,980 million, a significant increase from $701 million in Q4 2025.
- Diluted earnings per share (GAAP) for Q1 2026 were $3.70, up from $1.30 in Q4 2025.
- Total crude oil equivalent volumes were 1,383.8 MBoed in Q1 2026.
- Average composite crude oil and condensate prices increased to $72.47/Bbl in Q1 2026 from $59.54/Bbl in Q4 2025.
- Average composite natural gas prices rose to $3.76/Mcf in Q1 2026 from $3.00/Mcf in Q4 2025.
- Free Cash Flow (Non-GAAP) for Q1 2026 was $1,493 million, up from $978 million in Q4 2025.
- EOG Resources declared dividends of $1.0200 per common share for Q1 2026.
- Total capital expenditures (Non-GAAP) were $1,636 million for Q1 2026.