Form 10-Q · Quarterly report
EOG Resources 10-Q, filed Aug 4, 2026
- Filed
- CIK
- 0000821189
- Accession no.
- 0000821189-26-000149
Summary
EOG Resources realized higher crude oil and condensate prices in the first half of 2026 than it had expected at the start of the year and now anticipates higher full-year 2026 prices, which it attributes to the ongoing conflict in the Middle East; first-half average NYMEX prices were $82.57 per barrel of crude and $3.92 per MMBtu of natural gas, up 22% and 10% year over year. EOG guided 2026 capital expenditures to roughly $6.3–6.7 billion and forecast full-year oil production growth of about 5% and total production growth of about 14% versus 2025.
Key points
- EOG commenced crude oil production in the United Arab Emirates in June 2026 and continues exploration programs there and in Bahrain.
- EOG's debt-to-total capitalization ratio was 20% at June 30, 2026, down from 21% at December 31, 2025.
- The board declared a quarterly cash dividend of $1.02 per share on February 24, 2026, paid April 30, 2026 to stockholders of record as of April 16, 2026.
- EOG reiterated a commitment to return at least 70% of annual net cash provided by operating activities less capital expenditures to stockholders through dividends and buybacks.
- First-half 2026 drilling and completion activity was concentrated in the Delaware Basin, the Utica and the Eagle Ford, with major producing areas in New Mexico, Texas and Ohio.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT'S DISCUSSION Overview EOG Resources, Inc., together with its subsidiaries (collectively, EOG), is one of the largest independent (non-integrated) crude oil and natural gas companies in the United States of America (United States) with proved reserves in the United States and the Republic of Trinidad and Tobago (Trinidad). EOG is focused on being among the highest return and lowest cost producers, committed to strong environmental performance and playing a significant role in the long-term future of energy. EOG operates under a consistent business and operational strategy that focuses on a comprehensive approach to developing acreage through industry cycles. …
An excerpt of the text as filed with the SEC, cut for length.
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