EOG Resources, Inc.EOG
NYSE•Energy•Oil & Gas E&P
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
EOG Resources, Inc. (EOG) reported trailing twelve months revenue of $23.88B as of March 2026, a 2.8% increase year-over-year. Quarterly revenue reached $6.92B, reflecting continued top-line momentum.
EOG Resources, Inc. generated $5.50B in TTM net income, with quarterly EBITDA of $3.79B. The operating margin expanded from 32.8% to 37.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (37.5%) and net margin (28.6%) indicates moderate non-operating costs. Net margin has improved from 25.8% a year ago, signaling stronger bottom-line efficiency.
EOG trades at a P/E of 14.5x (below the broader market average) and a P/S of 3.3x. The price-to-book ratio of 2.6x reflects a moderate premium to book value.
The company generated $1.45B in free cash flow over the trailing twelve months, a 55.0% increase year-over-year, indicating cash generation ability. The balance sheet shows $53.38B in total assets with $7.90B in long-term debt against $30.91B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~31.2% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 20.6% suggests a durable competitive advantage and efficient capital allocation.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 10.7% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 117.9% recently — increasing financial risk even if the current ratio is manageable.
Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 6.5% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation