Eog Resources Inc

Company facts

Industry

Crude Petroleum & Natural Gas

Headquarters

Houston, Texas

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 821189

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 5 positive, 11 notable, and 0 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with buyback boost, dividend hike, asset sales, and segment detail.
  Positive

  • Board increased share repurchase authorization from $10B to $20B in May 2026; $10.6B remained available at Sept 30, 2026.
  • Quarterly dividend raised from $1.02 to $1.10 per share, effective Q1 2027.
  Notable

  • No borrowings outstanding under $3.0B revolver at Sept 30, 2026; covenant ratio of Total Debt-to-Total Capitalization ≤65% was met.
  • Performance units granted in 2022 earned a 0% performance multiple, resulting in no additional grants in Feb 2026.
  • EOG sold its interests in northern Midland Basin and Barnett Shale for $394M in proceeds, with $331M net gains on asset dispositions.
  • Subsequent event: EOG agreed to sell its Woodford Oil Window interest for $180M; closed Oct 19, 2026.
  • Encino acquisition (Aug 2025) finalized purchase price allocation in Q3 2026, net increase of $30M in oil and gas properties.

• Management's Discussion (Item 2)

  MD&A with detailed segment results, asset sales, dividend hike, and expanded buyback authorization.
  Positive

  • Board increased share repurchase authorization from $10 billion to $20 billion effective May 20, 2026.
  • Total operating revenues increased 46% to $8,549 million in Q3 2026 from $5,847 million in Q3 2025.
  • Composite crude oil price rose 31% to $86.72/bbl in Q3 2026 from $65.95/bbl in Q3 2025.
  Notable

  • Commenced crude oil production in UAE in June 2026; advancing exploration programs in Bahrain and UAE.
  • Full-year 2026 crude oil production expected to increase ~5%; total production expected to increase ~14% vs 2025.
  • Debt-to-total capitalization ratio improved to 19% at September 30, 2026 from 21% at December 31, 2025.
  • Net gains on asset dispositions of $242 million in Q3 2026 vs net losses of $18 million in Q3 2025.
  • Cash and cash equivalents of $5.7 billion plus $3.0 billion undrawn revolver at September 30, 2026.

• Unregistered Sales and Repurchases (Item 2)

  Buyback pace accelerated sharply in Q3 2026; authorization doubled to $20B in May 2026.
  Notable

  • 364,740 shares were withheld for tax obligations at $152.90, not counted against authorization.

What changed: Sep 2026 vs. Jun 2026

About 8% of EOG's Sep 2026 10-Q is new information. 21 paragraphs were added, 131 changed, and 28 removed. Below are the most important lines SECSift identified.

• Item 2 68
• Item 1 48
• Item 5 5
• Item 6 2