Earnings Preview: What To Expect From EOG Resources' Report
Earnings Preview: What To Expect From EOG Resources' Report.
The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
With a market cap of $75.1 billion, EOG Resources, Inc. (EOG) is an independent energy company that explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas across major producing basins in the United States, the Republic of Trinidad and Tobago, and other international locations. It also provides crude oil and condensate gathering, processing, and marketing services.
The Houston, Texas-based company is set to announce its fiscal Q2 2026 results after the market closes on Tuesday, Aug. 4. Ahead of the event, analysts expect EOG to report an adjusted EPS of $5.08, a climb of nearly 119% from $2.32 in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
For fiscal 2026, analysts forecast the leading oil and gas producer to post adjusted EPS of $16.19, an increase of 59.4% from $10.16 in fiscal 2025.
Shares of EOG Resources have risen 21.8% over the past 52 weeks, surpassing the S&P 500 Index's ($SPX) 18.6% gain. However, the stock has lagged behind the State Street Energy Select Sector SPDR ETF's (XLE) 36.2% return over the same time frame.
EOG Resources' shares fell 4.4% following its Q1 2026 results on May 5, despite beating expectations with revenue of $6.92 billion and adjusted EPS of $3.41. Management indicated that Q2 production would be roughly flat sequentially and projected weaker natural gas liquids pricing, with realizations expected to decline to about 27% of WTI crude from approximately 31% in Q1.
Additionally, EOG maintained its full-year capital expenditure plan of about $6.5 billion and only modestly increased its full-year oil and NGL production outlook, which investors viewed as underwhelming given the strong commodity price environment.
Analysts' consensus rating on EOG stock is cautiously optimistic overall, with a "Moderate Buy" rating. Out of 31 analysts covering the stock, 13 recommend a "Strong Buy," two have a "Moderate Buy" rating, and 16 give a "Hold" rating. The average analyst price target is $156.89, suggesting a potential upside of 10.1% from the current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Sinergia Empresarial continuará el seguimiento de esta información sobre earnings Preview: What To Expect From EOG Resources' Report y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
