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How EOG Resources (EOG) makes money
EOG Resources (EOG) made $8.5B of revenue in the third quarter 2026 (Q3 2026), +46% from a year earlier. United States brought in $8.4B (99%); Trinidad brought in $113M (1%). Of every dollar of revenue, 42¢ was left as operating profit, 33¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| United States | $8.4B | 98.7% | -0.7% | +46% |
| Trinidad | $113M | 1.3% | -11% | +23% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $8.5B | 100.0% |
| Operating profit | $3.6B | 42.0% |
| Income tax | $783M | 9.2% |
| Net earnings | $2.8B | 32.6% |
| Operating cash flow | $3.8B | 44.7% |
| Free cash flow | $2.3B | 27.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $8.5B | +46% |
| Q2 2026 | $8.6B | +57% |
| Q1 2026 | $6.9B | +22% |
| Q4 2025 | $5.6B | +0.9% |
| Q3 2025 | $5.8B | -2% |
| Q2 2025 | $5.5B | -9% |
| Q1 2025 | $5.7B | -7% |
From EOG Resources' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does EOG Resources make money?
EOG Resources (EOG) made $8.5B of revenue in the third quarter 2026 (Q3 2026), +46% from a year earlier. United States brought in $8.4B (99%); Trinidad brought in $113M (1%). Of every dollar of revenue, 42¢ was left as operating profit, 33¢ was left as net earnings.
What is EOG Resources' biggest business?
United States: $8.4B in the third quarter 2026, 99% of revenue, +46% from a year earlier.
What is EOG Resources' profit margin?
Net earnings were $2.8B, 32.6% of revenue, in the third quarter 2026; the operating margin was 42.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.