EOG Resources Stock Rallies 14.8% on Strong Q2 Results

Earnings

โดย Zacks Investment Research·

Summary · why it matters

EOG Resources shares have gained 14.8% over the past 12 weeks, supported by stronger second-quarter results, higher production, and a 4.2% increase in the Zacks Consensus Estimate for current fiscal year earnings over the past four weeks. Second-quarter 2026 adjusted earnings rose 118.5% to $5.07 per share, beating the Zacks Consensus Estimate of $5.01 by 1.2%, while revenues increased 57.4% to $8.62 billion and topped the consensus mark by 9.6%. Total production grew 24.4% to 1,410.4 thousand barrels of oil equivalent per day, with crude oil and condensate volumes up 8.8% and composite realized price up 51.4% to $98.15 per barrel. The company estimates about 12 billion barrels of oil equivalent of resource potential across its multi-basin portfolio and targets 5% oil production growth and 14% total production growth in 2026. Second-quarter free cash flow reached $2.8 billion, up from $973 million a year earlier, and EOG paid $540 million in regular dividends while repurchasing $1.29 billion of shares during the quarter. EOG's forward 12-month price-to-sales ratio is 2.82, slightly above its five-year median of 2.76 but below the 3.60 for the Zacks sub-industry, and the Zacks Consensus Estimate for earnings is $16.87 per share for 2026 before falling to $14.12 in 2027.

EOG Resources Inc ▲