Filing Flows › EOG Resources (EOG) › Q1 2026
EOG Resources (EOG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
EOG Resources (EOG) reported revenue of $6.9B for the first quarter 2026 (Q1 2026), +22% from a year earlier and +23% from the quarter before. Operating margin was 37.5%, net earnings $2.0B (28.6% of revenue).
EOG Resources, Q1 2026: revenue $6.9B (+22% year over year), operating margin 37.5%, net earnings $2.0B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9B | +23% | +22% |
| Operating profit | $2.6B | +176% | +40% |
| Net earnings | $2.0B | +182% | +35% |
| Operating cash flow | $3.0B | +14% | +30% |
| Free cash flow | $1.5B | +38% | +62% |
What changed
Revenue was $6.9B in Q1 2026, up 22% year over year and up 23% from the previous quarter. United States was the largest line at 99% of revenue. United States added $1.2B year over year (up 22%), 99% of the total change.
Operating profit was $2.6B, a 37.5% margin (up 4.7 points year over year). Of the extra revenue versus Q1 2025, 59% reached operating profit, above the 33% margin then. Total costs grew 13% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $2.0B, up 35% year over year. The effective tax rate was 22.5%.
Operating cash flow was $3.0B (up 30% year over year), 150% of net earnings. Non-cash charges added back $1.2B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $1.5B left free cash flow of $1.5B.
Questions
What was EOG Resources' revenue in the first quarter 2026?
EOG Resources (EOG) reported revenue of $6.9B for the first quarter 2026 (Q1 2026), +22% from a year earlier and +23% from the quarter before.
Was EOG Resources profitable in the first quarter 2026?
Operating profit was $2.6B (37.5% of revenue) and net earnings $2.0B.
Source: EOG Resources 10-Q on SEC EDGAR.