Form 10-Q · Quarterly report
EOG Resources 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0000821189
- Accession no.
- 0000821189-26-000227
Summary
EOG Resources said it realized higher crude oil and condensate prices during the first nine months of 2026 than it had expected at the start of the year, attributing the increase to the ongoing conflict in the Middle East, and set estimated 2026 capital expenditures of roughly $6.3 billion to $6.7 billion. The company also reported completing the $220 million sale of its Barnett Shale interests on September 15, 2026 and the $180 million sale of its Woodford Oil Window interests on October 19, 2026, and said it commenced crude oil production in the United Arab Emirates in June 2026.
Key points
- Average NYMEX crude oil and natural gas prices for the first nine months of 2026 were $83.62 per barrel and $3.60 per MMBtu, up 25% and 6% respectively from the same period in 2025.
- EOG expects full-year 2026 crude oil and condensate production to increase about 5% and total production about 14% versus 2025.
- EOG's debt-to-total capitalization ratio was 19% at September 30, 2026, compared with 21% at December 31, 2025.
- EOG estimated that each $1.00 per barrel change in crude oil and condensate price affects full-year 2026 net income by about $175 million and pretax operating cash flow by about $224 million.
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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