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EOG Resources (EOG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · EOG Resources (EOG) Q3 2026 earnings results →
Q3 2026 Revenue up 46% year over year to $8.5B · 33¢ of every $1 of revenue kept as net profit · operating margin 41.9%
EOG Resources made $8.5B in Q3 2026 (+46% Y/Y): United States $8.4B, Trinidad $113M. Operating margin 41.9%, net earnings $2.8B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.5B in Q3 2026, up 46% year over year and down 1% from the previous quarter. United States was the largest line at 99% of revenue. United States added $2.7B year over year (up 46%), 99% of the total change.
Operating profit was $3.6B, a 41.9% margin (up 10.5 points year over year). Of the extra revenue versus Q3 2025, 65% reached operating profit, above the 31% margin then. Total costs grew 24% against revenue growth of 46%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $2.8B, up 89% year over year. The effective tax rate was 22.0%.
Operating cash flow was $3.8B (up 23% year over year), 137% of net earnings. Non-cash charges added back $1.3B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.32B. Capital expenditures of $1.5B left free cash flow of $2.3B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $8.5B | +46% | 41.9% | $2.8B | $3.8B |
| Q2 2026 | 10-Q | Aug 4, 2026 | $8.6B | +57% | 40.9% | $2.7B | $4.7B |
| Q1 2026 | 10-Q | May 5, 2026 | $6.9B | +22% | 37.5% | $2.0B | $3.0B |
| Q4 2025 | 10-K | Feb 24, 2026 | $5.6B | +0.9% | 16.7% | $701M | $2.6B |
| Q3 2025 | 10-Q | Nov 6, 2025 | $5.8B | -2% | 31.4% | $1.5B | $3.1B |
| Q2 2025 | 10-Q | Aug 7, 2025 | $5.5B | -9% | 31.9% | $1.3B | $2.0B |
| Q1 2025 | 10-Q | May 1, 2025 | $5.7B | -7% | 32.8% | $1.5B | $2.3B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- SND — 11% of the supplier’s revenue · Stated in 10-K (sentence) · source
- PUMP · Stated in 10-K (named, share not stated) · source
- WBI · Stated in 10-K (named, share not stated) · source
- DTI · Stated in 10-K (named, share not stated) · source
- LB · Stated in 10-K (named, share not stated) · source
About EOG Resources
EOG Resources, Inc., a Delaware corporation organized in 1985, together with its subsidiaries (collectively, EOG), explores for, develops, produces and markets crude oil, natural gas liquids (NGLs) and natural gas primarily in major producing basins in the United States of America (United States or U.S.), the Republic of Trinidad and Tobago (Trinidad) and, from time to time, select other international areas, including the Kingdom of Bahrain and the United Arab Emirates. EOG's principal producing areas are further described in "Exploration and Production" below.
In its own words, from its 10-K, filed Feb 24, 2026.
EOG Resources against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +46% against the peers' median +48%. Operating margin: 41.9% against the peers' median 33.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
| PR Permian Resources | Q3 2026 | $2.0B | +48% | 45.4% |
Source: EOG Resources 10-Q on SEC EDGAR · CIK 821189 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns EOG and who is buying
More on EOG
- How EOG Resources makes money: revenue by segment
- EOG Resources next earnings date and what analysts expect
- EOG Resources stock forecast, price target and fair value
- Who owns EOG Resources stock: holders, funds and Congress trades
- EOG Resources guidance and outlook
- Is EOG Resources a takeover target? LBO and rumors
- EOG Resources recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results