Filing Flows › EOG Resources (EOG) › Q3 2026 › vs Q2 2026
EOG Resources (EOG) Q3 2026 vs Q2 2026 (quarter over quarter)
EOG Resources's revenue fell $71.0M (-0.8%) from $8.6B in Q2 2026 to $8.5B in Q3 2026. The biggest changes: United States −$56.0M (-0.7%); Trinidad −$14.0M (-11%). Operating margin 41.9% against 40.9% (+1.0 pts).
EOG Resources, Q3 2026: revenue $8.5B (+46% year over year), operating margin 41.9%, net earnings $2.8B, operating cash flow $3.8B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 41.9% | 40.9% | +1.0 pts |
| Net margin | 32.5% | 31.6% | +0.9 pts |
| Free cash flow margin | 27.3% | 35.2% | -7.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| United States | $8.4B | $8.5B | −$56.0M | -0.7% |
| Trinidad | $113M | $127M | −$14.0M | -11% |
| Revenue | $8.5B | $8.6B | −$71.0M | -0.8% |
| Operating profit | $3.6B | $3.5B | $58.0M | +2% |
| Costs & expenses | $5.0B | $5.1B | −$129M | -3% |
| Pre-tax earnings | $3.6B | $3.5B | $65.0M | +2% |
| General & admin | $196M | $213M | −$17.0M | -8% |
| Other operating costs | $4.8B | $4.9B | −$112M | -2% |
| Net earnings | $2.8B | $2.7B | $57.0M | +2% |
| Income tax | $783M | $775M | $8.0M | +1% |
| Depreciation & amortization | $1.3B | $1.3B | $33.0M | +3% |
| Share-based compensation | $55.0M | $60.0M | −$5.0M | -8% |
| Working capital & other | $315M | −$626M | $941M | — |
| Operating cash flow | $3.8B | $4.7B | −$856M | -18% |
| Free cash flow (OCF − capex) | $2.3B | $3.0B | −$694M | -23% |
| Capital expenditures | $1.5B | $1.6B | −$162M | -10% |
Questions
How much did EOG Resources's revenue grow quarter over quarter in Q3 2026?
EOG Resources's revenue fell $71.0M (-0.8%) from $8.6B in Q2 2026 to $8.5B in Q3 2026.
What drove EOG Resources's revenue change in Q3 2026?
United States −$56.0M (-0.7%); Trinidad −$14.0M (-11%).