Filing Flows › EOG Resources (EOG) › Q2 2025
EOG Resources (EOG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
EOG Resources (EOG) reported revenue of $5.5B for the second quarter 2025 (Q2 2025), -9% from a year earlier and -3% from the quarter before. Operating margin was 31.9%, net earnings $1.3B (24.6% of revenue).
EOG Resources, Q2 2025: revenue $5.5B (-9% year over year), operating margin 31.9%, net earnings $1.3B, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5B | -3% | -9% |
| Operating profit | $1.7B | -6% | -18% |
| Net earnings | $1.3B | -8% | -20% |
| Operating cash flow | $2.0B | -11% | -30% |
| Free cash flow | $333M | -63% | -78% |
What changed
Revenue was $5.5B in Q2 2025, down 9% year over year and down 3% from the previous quarter. United States was the largest line at 98% of revenue. United States lost $0.57B year over year (down 10%), 104% of the total change.
Operating profit was $1.7B, a 31.9% margin (down 3.5 points year over year). Total costs fell 4% while revenue fell 9%. The fastest-growing cost line was General & admin (+23%). Net earnings were $1.3B, down 20% year over year. The effective tax rate was 23.2%.
Operating cash flow was $2.0B (down 30% year over year), 151% of net earnings. Non-cash charges added back $1.1B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.42B. Capital expenditures of $1.7B left free cash flow of $0.33B.
Questions
What was EOG Resources' revenue in the second quarter 2025?
EOG Resources (EOG) reported revenue of $5.5B for the second quarter 2025 (Q2 2025), -9% from a year earlier and -3% from the quarter before.
Was EOG Resources profitable in the second quarter 2025?
Operating profit was $1.7B (31.9% of revenue) and net earnings $1.3B.
Source: EOG Resources 10-Q on SEC EDGAR.