Filing Flows › EOG Resources (EOG) › Q4 2025
EOG Resources (EOG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
EOG Resources (EOG) reported revenue of $5.6B for the fourth quarter 2025 (Q4 2025), +0.9% from a year earlier and -4% from the quarter before. Operating margin was 16.7%, net earnings $701M (12.4% of revenue).
EOG Resources, Q4 2025: revenue $5.6B (+0.9% year over year), operating margin 16.7%, net earnings $701M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | -4% | +0.9% |
| Operating profit | $943M | -49% | -41% |
| Net earnings | $701M | -52% | -44% |
| Operating cash flow | $2.6B | -16% | -5% |
| Free cash flow | $1.1B | -34% | -29% |
What changed
Revenue was $5.6B in Q4 2025, up 1% year over year and down 4% from the previous quarter. Crude Oil and Condensate was the largest line at 53% of revenue.
Operating profit was $0.94B, a 16.7% margin (down 11.8 points year over year). Operating profit fell $0.65B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Total costs grew 18% against revenue growth of 1%. The fastest-growing cost line was General & admin (+19%). Net earnings were $0.70B, down 44% year over year. The effective tax rate was 23.0%.
Operating cash flow was $2.6B (down 5% year over year), 373% 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 added $0.62B. Capital expenditures of $1.5B left free cash flow of $1.1B.
Questions
What was EOG Resources' revenue in the fourth quarter 2025?
EOG Resources (EOG) reported revenue of $5.6B for the fourth quarter 2025 (Q4 2025), +0.9% from a year earlier and -4% from the quarter before.
Was EOG Resources profitable in the fourth quarter 2025?
Operating profit was $943M (16.7% of revenue) and net earnings $701M.
Source: EOG Resources 10-K on SEC EDGAR.