Filing Flows › EOG Resources (EOG) › Q2 2026 › vs Q1 2026
EOG Resources (EOG) Q2 2026 vs Q1 2026 (quarter over quarter)
EOG Resources's revenue rose $1.7B (+25%) from $6.9B in Q1 2026 to $8.6B in Q2 2026. The biggest changes: United States +$1.7B (+24%); Trinidad +$28.0M (+28%); Other International +$7.0M (+175%). Operating margin 40.9% against 37.5% (+3.4 pts).
EOG Resources, Q2 2026: revenue $8.6B (+57% year over year), operating margin 40.9%, net earnings $2.7B, operating cash flow $4.7B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 40.9% | 37.5% | +3.4 pts |
| Net margin | 31.6% | 28.6% | +3.0 pts |
| Free cash flow margin | 35.2% | 21.3% | +13.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| United States | $8.5B | $6.8B | $1.7B | +24% |
| Trinidad | $127M | $99.0M | $28.0M | +28% |
| Other International | $11.0M | $4.0M | $7.0M | +175% |
| Revenue | $8.6B | $6.9B | $1.7B | +25% |
| Operating profit | $3.5B | $2.6B | $930M | +36% |
| Costs & expenses | $5.1B | $4.3B | $769M | +18% |
| Pre-tax earnings | $3.5B | $2.6B | $944M | +37% |
| Other expense, net | $29.0M | $43.0M | −$14.0M | -33% |
| General & admin | $213M | $185M | $28.0M | +15% |
| Other operating costs | $4.9B | $4.1B | $741M | +18% |
| Net earnings | $2.7B | $2.0B | $744M | +38% |
| Income tax | $775M | $575M | $200M | +35% |
| Depreciation & amortization | $1.3B | $1.2B | $66.0M | +6% |
| Share-based compensation | $60.0M | $58.0M | $2.0M | +3% |
| Working capital & other | $626M | −$265M | $891M | — |
| Operating cash flow | $4.7B | $3.0B | $1.7B | +57% |
| Free cash flow (OCF − capex) | $3.0B | $1.5B | $1.6B | +105% |
| Capital expenditures | $1.6B | $1.5B | $147M | +10% |
Questions
How much did EOG Resources's revenue grow quarter over quarter in Q2 2026?
EOG Resources's revenue rose $1.7B (+25%) from $6.9B in Q1 2026 to $8.6B in Q2 2026.
What drove EOG Resources's revenue change in Q2 2026?
United States +$1.7B (+24%); Trinidad +$28.0M (+28%); Other International +$7.0M (+175%).