Eog Resources Inc (EOG)

Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component

$157.96 ▲ +0.08 (0.05%)

At close 22 Oct 2026 · USD · Volume 2,199,463

Compare with COP

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueUndervalued

$202 +27.7% to fair value

$101fair band $172–$244$303

Day's range

$154.96 – $160.31

52-week range

$101.59 – $160.31

About Eog Resources Inc

EOG Resources is an independent oil and natural gas exploration and production company with operations concentrated in United States shale basins, including the Permian and Eagle Ford areas. It drills wells, produces crude oil, natural gas liquids and natural gas, and sells them at market-linked prices. Revenue therefore depends heavily on commodity prices and on the volumes it produces, which makes earnings sensitive to energy market swings.

Over the last twelve months Eog Resources Inc reported revenue of $27.0 billion, which fell 4.2% a year over the past three years. Its operating margin is 32.9% and its return on invested capital is 20%. Net debt to EBITDA is 0.2 times. A dividend is paid, with a yield of 2.6%. The X-Ray Score is 66 out of 100, a summary of these measures.

EOG news

Natural gas prices climb as Middle East tensions and cold weather lift demand3 days ago

All EOG news →

Price chart

Interactive chart Historical data & CSV

52-wk range $101.59 – $160.31Volume 2,199,463Daily, split-adjusted

Vitals

Market cap$83.6B

52-week range$101.59 – $160.31

Volume (last day)2,199,463

P/E (TTM)12.4

EBIT / EV yield10.3%

Free-cash-flow yield–

Dividend yield2.6%

Revenue (TTM)$27.0B

Net income (TTM)$6.9B

Operating margin32.9%

Return on capital20.0%

Debt incl. leases$7.9B

Cash & securities$4.9B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$202middle half of models $154 – $245

Undervalued +27.7% to fair value

Average of the 11 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $158

Undervalued < $172Fair $172 – $244Overvalued > $244

P/E multiple

$155

P/B multiple

$150

P/S multiple

$152

EV/EBITDA multiple

$156

EV/EBIT multiple

$156

EV/revenue multiple

$154

10-year DCF, EBITDA exit

$308

5-year DCF, EBITDA exit

$245

10-year DCF, revenue exit

$308

5-year DCF, revenue exit

$245

10-year DCF, growth exit · not used

$374

5-year DCF, growth exit · not used

$321

Dividend discount, stable

$190

Dividend discount, multi-stage · not used

$393

Earnings power value · not used

$328

Growth the price implies

1.5%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Average business at a low price

Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better ✓ 68 The price is not above fair value $202 fair value Debt looks manageable 0.2× EBITDA Revenue has been growing -4.2% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Strong

84/100

Cheap against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield10.3%

Fair value vs price1.3×

Growth Weak

49/100

Growing slower than most of its sector.

See the numbers →

Revenue growth (3y)-4.2%

EPS growth (3y)-11.6%

Growth consistency50%

Profitability Strong

76/100

Earns high returns on the capital it uses.

See the numbers →

Return on invested capital20.0%

Operating margin32.9%

Financial health Fair

60/100

Balance sheet is in typical shape for its sector.

See the numbers →

Piotroski F-Score4 / 9

Net debt / EBITDA0.2×

Interest cover33.0×

Dividends Weak

39/100

Dividend is modest or less certain than peers.

See the numbers →

Dividend yield2.6%

Dividend growth-25.1%

Quarterly results: last 6 quarters

-7.4%

Mar '25

-9.1%

Jun '25

-2.0%

Sep '25

+0.9%

Dec '25

+22.1%

Mar '26

+57.4%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $8.6B, diluted EPS $5.15.

Compare with peers

EXE EXPAND ENERGY Corp67 EQT EQT Corp63 APA APA Corp62 COP Conocophillips58

Other Oil & Gas Exploration & Production companies by X-Ray Score.

SWOT analysis: Eog Resources Inc

Strengthsinside the company

Return on invested capital is 20.0%, against a median of 11.4% for industry peers.
Operating margin of 32.9% is well above the 24.4% median of industry peers, a sign of pricing power or lower costs.
Net debt is only 0.2x EBITDA.
Operating profit covers interest 33x, so debt costs are a small drag.

Weaknessesinside the company

Revenue has fallen 4.2% a year over three years (median -4.6% for industry peers).
Earnings per share have declined 11.6% a year over three years.

Opportunitiesvaluation and setting

The price is 28% below our fair value estimate, with the gap larger than the margin we allow for error.
Our Market Compass rates the backdrop for Energy as favourable.
Price momentum is strong on the weekly and monthly signals (trends can reverse).

Threatsvaluation and setting

Earnings in Oil & Gas Exploration & Production follow the industry cycle, so margins and profits can swing from year to year.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare EOG with peers and sector

Medians of 8 Oil & Gas Exploration & Production peers and of 19 Energy stocks in our universe. Largest peers (X-Ray Score): COP 58, OXY 36, FANG 36, DVN 49, EQT 63, TPL 48.

Metric	EOG	Peers	Sector
X-Ray Score (out of 100)	66	54	50
Valuation	84	66	47
Growth	49	55	53
Profitability	76	52	49
Financial health	60	52	48
Dividends	39	43	55

Sector leaders: highest X-Ray Score in Energy

EOG ranks #2 of 20 in Energy and #2 of 9 in Oil & Gas Exploration & Production by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 EXE EXPAND ENERGY Corp	67
#2 EOG Eog Resources Inc (this stock)	66
#3 EQT EQT Corp	63
#4 APA APA Corp	62
#5 COP Conocophillips	58

Metric	EOG	Peers	Sector
P/E ratio	12.2x	13.4x	17.4x
PEG ratio	–	–	2.22
Price / book	2.6x	1.5x	2.6x
Price / sales	3.1x	2.9x	2.2x
EV / EBITDA	6.3x	6.6x	9.9x
Price / free cash flow	–	9.5x	15.8x
Dividend yield	2.6%	2.2%	2.3%
Gap to our fair value	+27.7%	+17.9%	+12.7%

Metric	EOG	Peers	Sector
Price change, 1 month	+14.0%	+7.2%	+7.6%
Price change, 3 months	+10.4%	+5.4%	+4.8%
Price change, 6 months	+20.4%	+4.3%	+10.6%
Price change, 1 year	+53.5%	+47.3%	+51.5%

Metric	EOG	Peers	Sector
Market value	$83.6B	$40.3B	$63.3B
Revenue (last 12 months)	$27.0B	$17.1B	$22.2B
EBITDA (last 12 months)	$13.8B	$6.7B	$7.4B
Net income (last 12 months)	$6.9B	$2.7B	$3.3B
Free cash flow (last 12 months)	–	$4.2B	$3.8B

Metric	EOG	Peers	Sector
Revenue growth, last year	−4.5%	+13.1%	+5.8%
Revenue growth, 3 years a year	−4.2%	−4.6%	−6.2%
EPS growth, 3 years a year	−11.6%	−28.7%	−22.8%
Free cash flow growth, 3 years a year	–	−13.4%	−17.7%
Dividend growth	−25.1%	−10.5%	+4.9%

Metric	EOG	Peers	Sector
Gross margin	–	–	35.2%
EBITDA margin	50.9%	48.5%	37.0%
Operating margin	32.9%	24.4%	22.9%
Net margin	25.4%	20.5%	11.6%
Return on invested capital	20.0%	11.4%	12.0%
Return on equity	21.6%	14.3%	14.6%

Metric	EOG	Peers	Sector
Net debt / EBITDA	0.2x	0.8x	1.4x
Interest cover	33.0x	33.4x	20.1x
Current ratio	1.9x	1.0x	1.1x
Piotroski F-score (0 to 9)	4	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for EOG

Each factor is rated by where EOG stands among the 20 Energy stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 9 Good · 8 Average · 2 Bad of 19 Growth: 0 · 2 · 1 Profitability: 3 · 1 · 0 Financial strength: 2 · 1 · 1 Valuation: 2 · 2 · 0 Cash flow: 2 · 1 · 0 Efficiency: 0 · 1 · 0

Factor	EOG	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	−4.2%	Average beats 61%	−5.7%	–	–
Revenue growth, last year	−4.5%	Bad beats 29%	+3.9%	−2.0%	▼ Worse
EPS growth, 3 years a year	−11.6%	Average beats 66%	−22.6%	–	–
Profitability
Operating margin	32.9%	Good beats 86%	23.0%	34.1%	≈ In line
Net margin	25.4%	Good beats 82%	13.5%	27.0%	≈ In line
Return on invested capital	20.0%	Good beats 76%	12.3%	–	–
Return on equity	21.6%	Average beats 63%	15.2%	21.8%	≈ In line
Financial strength
Net debt / EBITDA	0.2x	Good beats 92%	1.1x	-0.1x	≈ In line
Interest cover	33.0x	Average beats 55%	22.5x	50.0x	▼ Worse
Current ratio	1.85	Good beats 88%	1.19	2.10	▼ Worse
Piotroski F-score	4 / 9	Bad beats 18%	6 / 9	–	–
Valuation
P/E ratio	12.2x	Good beats 83%	17.4x	10.9x	≈ In line
Price / book	2.6x	Average beats 48%	2.6x	2.4x	≈ In line
Price / sales	3.1x	Average beats 34%	2.3x	2.9x	≈ In line
EV / EBITDA	6.3x	Good beats 82%	9.4x	5.5x	≈ In line
Cash flow
Free cash flow margin	49.4%	Good beats 87%	13.2%	46.9%	≈ In line
Cash from operations / net income	1.94	Average beats 48%	1.95	1.88	≈ In line
Accruals (lower is better)	−11.8%	Good beats 88%	−6.6%	–	–
Efficiency
Days sales outstanding	48 days	Average beats 38%	43 days	41 days	▼ Worse

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 8 Good · ● 4 Average · ● 1 Bad

Cash quality

Earnings backed by cashGood

Risk models

Altman Z''Good

Piotroski F-ScoreBad

Growth

EPS growth (3y)Average

Revenue growth (3y)Average

Growth consistencyAverage

Balance sheet

Current ratioGood

Net debt / EBITDAGood

Interest coverAverage

Valuation

Fair value vs priceGood

EBIT / EV yieldGood

Profitability

Return on invested capitalGood

Operating marginGood

Each check is graded against the company's sector, not a fixed number. Checklist score 75/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$18.6B	$25.7B	$24.2B	$23.7B	$22.6B
Operating income	$6.1B	$10.0B	$9.6B	$8.1B	$6.4B
Net income	$4.7B	$7.8B	$7.6B	$6.4B	$5.0B
Operating cash flow	$8.8B	$11.1B	$11.3B	$12.1B	$10.0B
Operating margin	32.7%	38.8%	39.7%	34.1%	28.2%
Free cash flow	–	–	–	–	–
Diluted EPS	$7.99	$13.22	$13.00	$11.25	$9.12

Fiscal years, from SEC filings.

Technical summary

Daily

Bullish

12 bullish · 0 neutral · 4 bearish

Weekly

Strongly bullish

11 bullish · 1 neutral · 0 bearish

Monthly

Strongly bullish

7 bullish · 1 neutral · 0 bearish

Moving averages (daily)

SMA 10	154.3	Bullish
EMA 10	154.3	Bullish
SMA 20	147.8	Bullish
EMA 20	150.6	Bullish
SMA 50	146.3	Bullish
EMA 50	146.3	Bullish
SMA 100	141.3	Bullish
EMA 100	142.0	Bullish
SMA 200	133.5	Bullish
EMA 200	135.0	Bullish

Oscillators (daily)

RSI (14)	70.72	Bearish
MACD (12, 26)	3.99	Bullish
Momentum (12)	10.22	Bullish
Stochastic %K (14)	88.92	Bearish
Williams %R (14)	-11.08	Bearish
CCI (20)	104.5	Bearish

Pivot points (classic, last session)

149.8

152.4

155.2

Pivot

157.7

160.5

163.1

165.9

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

4.08 USD

Yield on today's price

2.58%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
16 Oct 2026	1.0200
17 Jul 2026	1.0200
16 Apr 2026	1.0200
16 Jan 2026	1.0200
17 Oct 2025	1.0200
17 Jul 2025	0.9750
16 Apr 2025	0.9750
17 Jan 2025	0.9750
17 Oct 2024	0.9100
17 Jul 2024	0.9100
15 Apr 2024	0.9100
16 Jan 2024	0.9100

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold EOG

ETF	Share of the fund
IEO iShares U.S. Oil & Gas Exploration & P...	6.56%
FCG First Trust Natural Gas	4.50%
XLE Energy Select Sector SPDR	4.15%
FXN First Trust Energy AlphaDEX	3.49%
IYE iShares U.S. Energy	3.49%
ERX Direxion Daily Energy Bull 2X	3.23%
FENY Fidelity MSCI Energy Index	3.17%
VDE Vanguard Energy	3.05%

The eight funds with the largest weight in EOG among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.