EOG Resources Q4 adjusted EPS beats analyst expectations

EOG Resources

24/02/2026 21:33

Overview

Oil and gas producer's Q4 adjusted EPS beat analyst expectations

Adjusted net income for Q4 slightly beat analyst estimates

Company announced $6.5 bln capital plan for 2026

Outlook

EOG Resources announces $6.5 bln capital plan for 2026

Company targets 5% oil production growth and 13% total production growth in 2026

EOG expects $4.5 bln in free cash flow using current strip pricing midpoints

Result Drivers

OPERATIONAL EXECUTION - EOG exceeded oil and total volume targets, and reduced well and cash operating costs, contributing to strong financial results

MARKETING STRATEGY - Differentiated marketing strategy led to peer-leading U.S. price realizations, strengthening margins

STRATEGIC ACQUISITIONS - Strategic Encino acquisition and international exploration in UAE and Bahrain enhanced portfolio strength

Company press release: ID:nPn535vFWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$2.27
$2.19 (26 Analysts)
Q4 EPS
$1.30
Q4 Adjusted Net Income
Slight Beat*
$1.22 bln
$1.21 bln (20 Analysts)
Q4 Net Income
$701 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 16 "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 $134.00, about 9.6% above its February 23 closing price of $122.31

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)