EOG Resources Reports Second Quarter 2026 Results
EOG Resources reported record second-quarter financial performance with net income of $2.72 billion, or $5.15 per share, and adjusted net income of $2.68 billion. The company generated $2.8 billion of free cash flow, driven by higher oil prices and operational execution that delivered costs below guidance midpoints. Production volumes reached 548.8 MBod for crude oil and condensate, with total volumes at 1,410.4 MBoed. EOG also established UAE oil production, reporting successful initial tests from two one-mile lateral wells.
Key figures
- Eps
- 5.15
- Revenue
- 8620000000
- Adjusted eps
- 5.07
- Buyback amount
- 1294000000
- Free cash flow
- 2799000000
- Oil volumes mbod
- 548.8
- Dividend per share
- 1.02
- Cash operating costs
- 10.57
- Debt to total capitalization
- 19.9 %
AI analysis
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