EOG Resources' Q4 performance mixed, stock price slightly up

LootboxPhobia · 2026-02-25T08:58:14+00:00

EOG Resources reports Q4 earnings of $2.27 per share, beating expectations, but revenue fell short of market forecasts. Oil production increased by 10% year-over-year, and the company reported free cash flow of $1 billion. The board announced a dividend of $1.02 per share and plans for capital expenditures of $6.5 billion in 2026, with the goal of maintaining oil production.

LootboxPhobia

2026-02-25 08:58:14

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Houston - EOG Resources Inc. (NYSE:EOG) announced adjusted earnings of $2.27 per share for the fourth quarter, beating analysts’ expectations of $2.22, but revenue of $5.64 billion fell short of the market estimate of $5.78 billion. Following the earnings release, the stock rose 0.8%.

This independent oil and gas producer reported a net profit of $701 million for the quarter ending December 31, 2025, or $1.30 per share, calculated under GAAP standards. Revenue decreased 13% year-over-year from $5.59 billion in Q4 2024.

In the fourth quarter, oil production reached 546,100 barrels per day, up 10% year-over-year, with total production at 1.4 million barrels of oil equivalent per day, a 28% increase from the same period last year. The company generated $1 billion in free cash flow during the quarter and returned $675 million to shareholders through share repurchases.

“2025 has been an exceptionally strong operational year for EOG,” said CEO Ezra Yacob. “We exceeded our initial oil and total production targets, capital expenditures were in line with expectations, and we continued to lower well costs and cash operating costs.”

For the full year 2025, EOG generated $4.7 billion in free cash flow and returned 100% of that cash flow to shareholders through dividends and $2.5 billion in share repurchases. Since launching the buyback program in 2023, the company has reduced its share count by approximately 10%.

EOG announced a $6.5 billion capital plan for 2026, aiming to maintain oil production at the level of Q4 2025. The plan projects a 5% year-over-year increase in oil production and a 13% increase in total production. The company expects to generate $4.5 billion in free cash flow in 2026 at current market prices.

The board declared a quarterly dividend of $1.02 per share, payable on April 30, 2026.

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