EOG Resources Q3 revenue ease past estimates amid strong price realizations

EOG Resources

05/11/2026 21:40

Overview
US oil and gas producer's Q3 revenue rose and beat analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised regular quarterly dividend by 8%

Outlook
EOG sees Q4 2026 crude oil equivalent volumes at 1,385.5-1,432.0 MBoed
Company expects FY 2026 capital expenditures of $6.3 bln to $6.7 bln
EOG forecasts FY 2026 cash operating costs at $10.30-$11.00/Boe

Result Drivers
RECORD PRODUCTION - Co said record oil, NGL and natural gas volumes drove results
STRONG PRICE REALIZATIONS - Co said higher realized prices contributed to financial performance

Company press release: ID:nPn3RYGKDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$8.55 bln
$7.40 bln (12 Analysts)
Q3 Adjusted EPS
Beat
$4.87
$4.46 (25 Analysts)
Q3 EPS
 
$5.33
 
Q3 Adjusted Net Income
Beat
$2.54 bln
$2.32 bln (18 Analysts)
Q3 Net Income
 
$2.78 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 20 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for EOG Resources, Inc. is $161.50, about 9.8% above its November 4 closing price of $147.06
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)