EOG Resources reported second-quarter 2026 adjusted earnings of $5.07 per share, up 118.5% year over year and beating the Zacks Consensus Estimate of $5.01 by 1.2%. Revenues jumped 57.4% to $8.62 billion, exceeding the consensus mark of $7.87 billion by 9.6%, driven by higher oil prices and impressive production. Total production increased 24.4% from 1,134.1 thousand barrels of oil equivalent per day in the year-ago quarter, with crude oil and condensate output rising 8.8% and natural gas liquids volumes soaring 34.2% to 346.8 thousand barrels per day. The composite realized price for crude oil and condensate was $98.15 per barrel, up 51.4% from $64.82 a year earlier, pushing crude oil and condensate revenues to $4.90 billion from $2.97 billion. Adjusted cash flow from operations reached $4.39 billion, and after $1.59 billion of capital expenditures, free cash flow totaled $2.80 billion versus $973 million a year ago, supporting $540 million in regular dividends and $1.29 billion in share repurchases during the quarter.
EOG Resources IncEOG's Q2 earnings surged 118.5% on higher oil prices and record production, beating estimates.
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