Reading the tape
NYSE: EOG
EOG Resources, Inc.
Energy · Oil & Gas Exploration & Production
Market Cap
$75.84B
52w High
$151.87
52w Low
$101.59
P/E
15.33
Volume
963.61K
Outstanding Shares
535.72M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 29.64%Revenue (TTM): -3.47%FCF (TTM): -38.28%P/FCF: 71st pct
What changed
The stock rose 29.64% over the last year. Revenue declined 3.47% over the trailing twelve months. Operating margin moved from 34.57% to 35.14%. Free cash flow declined 38.28% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 71st percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 35.14%) would need to stabilize or improve to justify the move. Revenue is declining 3.47% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids.
CEOEzra Y. Yacob
SectorEnergy
IndustryOil & Gas Exploration & Production
Employees3,150
IPO dateOct 4, 1989
Valuation
Forward P/E—
EV/EBITDA5.45
Enterprise value$61.64B
Stock splits
Apr 1, 2014↑ Forward
Every 1 shares became 2
Mar 2, 2005↑ Forward
Every 1 shares became 2
Jun 16, 1994↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-0.21%
Gross margin68.11%▼10.04%vs FY2024
Operating margin35.14%▲1.66%vs FY2024
ROE16.69%▼23.48%vs FY2024
Analyst consensus
RatingBuy
Target price$137.93▼2.57%
39
Buy
27
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $3.21 · Revenue est $6.18B
View
Dividends
$4.04/shareQuarterlySafeEOG pays a dividend with a 2.85% dividend yield, growing at 22.8% annually, covered 1.8× by free cash flow.
Dividend Yield
2.85%
Annual Div / Share
$4.04
5yr CAGR
+22.8%
Doubles every ~3.4yr
Payout Ratio
43.39%
Safe
Dividend Growth Rate
3yr CAGR
-23.47%
5yr CAGR
+22.8%
10yr CAGR
+19.4%
Dividend Safety
8/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$3.94+8.4%
2024$3.64-35.3%
2023$5.63-36.1%
2022$8.80+90.8%
2021$4.61+226.5%
2020$1.41+39.2%
2019$1.01+34.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$29/yr
$2/mo
In 5 yrs
$50/yr+76%
$4/mo
In 10 yrs
$89/yr+211%
$7/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$29/yr $2/mo | $50/yr+76% $4/mo | $89/yr+211% $7/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 2.85% → 8.85% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 22.8% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in EOG
STOCK Act disclosures from senators and representatives.
Katie Britt
ALsenateRepublicanPurchaseSpouse2025-04-14$1,001 - $15,000+286d to disclose