Eog Res Inc Financials
This page shows Eog Res Inc (EOG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Eog Res Inc has an operating margin of 34.1%, meaning the company retains $34 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 39.7% the prior year.
Eog Res Inc's revenue declined 2% year-over-year, from $24.2B to $23.7B. This contraction results in a growth score of 23/100.
Eog Res Inc carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Eog Res Inc's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
Eog Res Inc earns a strong 21.8% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 27.0% the prior year.
Eog Res Inc scores 4.22, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($65.5B) relative to total liabilities ($17.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Eog Res Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Eog Res Inc generates $1.90 in operating cash flow ($12.1B OCF vs $6.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Eog Res Inc earns $58.6 in operating income for every $1 of interest expense ($8.1B vs $138.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Eog Res Inc generated $23.7B in revenue in fiscal year 2024. This represents a decrease of 2.0% from the prior year.
Eog Res Inc's EBITDA was $12.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.9% from the prior year.
Eog Res Inc reported $6.4B in net income in fiscal year 2024. This represents a decrease of 15.7% from the prior year.
Eog Res Inc earned $11.25 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 13.5% from the prior year.
Eog Res Inc held $7.1B in cash against $4.2B in long-term debt as of fiscal year 2024.
Eog Res Inc paid $3.71 per share in dividends in fiscal year 2024. This represents a decrease of 37.0% from the prior year.
Eog Res Inc had 554M shares outstanding in fiscal year 2024.
Eog Res Inc's operating margin was 34.1% in fiscal year 2024, reflecting core business profitability. This is down 5.6 percentage points from the prior year.
Eog Res Inc's net profit margin was 27.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.4 percentage points from the prior year.
Eog Res Inc's ROE was 21.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.2 percentage points from the prior year.
Eog Res Inc spent $3.2B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 212.7% from the prior year.
EOG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8B+6.7% | $5.5B-3.4% | $5.7B+1.5% | $5.6B-7.3% | $6.0B-1.6% | $6.1B-3.7% | $6.4B+2.3% | $6.2B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $239.0M+28.5% | $186.0M+8.8% | $171.0M-9.5% | $189.0M+25.2% | $151.0M-6.8% | $162.0M-15.6% | $192.0M+19.3% | $161.0M |
| Operating Income | $1.8B+5.1% | $1.7B-6.0% | $1.9B+16.8% | $1.6B-25.3% | $2.1B-6.2% | $2.3B-9.3% | $2.5B-2.1% | $2.6B |
| Interest Expense | $71.0M+39.2% | $51.0M+8.5% | $47.0M+23.7% | $38.0M+5.6% | $36.0M+9.1% | $33.0M-5.7% | $35.0M-2.8% | $36.0M |
| Income Tax | $353.0M-13.1% | $406.0M-1.9% | $414.0M+11.0% | $373.0M-20.6% | $470.0M-8.0% | $511.0M-6.6% | $547.0M+0.7% | $543.0M |
| Net Income | $1.5B+9.4% | $1.3B-8.1% | $1.5B+16.9% | $1.3B-26.0% | $1.7B-5.5% | $1.8B-10.0% | $2.0B-2.1% | $2.0B |
| EPS (Diluted) | $2.70+9.8% | $2.46-7.2% | $2.65+17.8% | $2.25-23.7% | $2.95-4.8% | $3.10-9.1% | $3.41-2.0% | $3.48 |
EOG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $52.2B+12.8% | $46.3B-1.5% | $47.0B-0.4% | $47.2B+4.3% | $45.2B+1.0% | $44.8B+2.1% | $43.9B+0.5% | $43.6B |
| Current Assets | $7.8B-15.4% | $9.2B-13.4% | $10.7B-4.9% | $11.2B+14.6% | $9.8B-1.3% | $9.9B-0.1% | $9.9B-3.1% | $10.3B |
| Cash & Equivalents | $3.5B-32.3% | $5.2B-21.0% | $6.6B-7.0% | $7.1B+30.6% | $5.4B+2.6% | $5.3B+0.3% | $5.3B-0.9% | $5.3B |
| Inventory | $945.0M+1.2% | $934.0M+4.1% | $897.0M-8.9% | $985.0M-7.9% | $1.1B-7.4% | $1.2B-9.5% | $1.3B-7.5% | $1.4B |
| Accounts Receivable | $2.7B+7.0% | $2.5B-4.5% | $2.6B-1.1% | $2.6B-0.3% | $2.7B-1.2% | $2.7B-1.0% | $2.7B-7.2% | $2.9B |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $21.9B+28.6% | $17.0B-2.4% | $17.5B-2.1% | $17.8B+11.0% | $16.1B-0.6% | $16.2B+2.5% | $15.8B-0.8% | $15.9B |
| Current Liabilities | $4.8B-7.0% | $5.2B-9.5% | $5.7B+6.8% | $5.4B+15.7% | $4.6B+8.3% | $4.3B+4.9% | $4.1B-3.6% | $4.2B |
| Long-Term Debt | $7.7B+121.7% | $3.5B-0.2% | $3.5B-17.9% | $4.2B+29.8% | $3.3B-13.5% | $3.8B-0.2% | $3.8B-0.2% | $3.8B |
| Total Equity | $30.3B+3.6% | $29.2B-0.9% | $29.5B+0.6% | $29.4B+0.7% | $29.2B+1.8% | $28.6B+1.9% | $28.1B+1.2% | $27.8B |
| Retained Earnings | $29.6B+5.2% | $28.1B+0.9% | $27.9B+3.4% | $26.9B+7.5% | $25.1B+4.9% | $23.9B+5.6% | $22.6B+2.7% | $22.0B |
EOG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.1B+53.1% | $2.0B-11.2% | $2.3B-17.2% | $2.8B-4.4% | $2.9B-0.5% | $2.9B-6.5% | $3.1B+14.8% | $2.7B |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$6.0B-234.8% | -$1.8B-24.5% | -$1.4B-12.1% | -$1.3B+16.8% | -$1.5B+4.0% | -$1.6B-6.5% | -$1.5B+2.2% | -$1.5B |
| Financing Cash Flow | $1.2B+171.4% | -$1.6B-20.9% | -$1.4B-162.0% | -$516.0M+57.6% | -$1.2B+5.8% | -$1.3B+21.8% | -$1.7B-171.0% | -$610.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $479.0M-20.4% | $602.0M-25.3% | $806.0M-18.8% | $993.0M+42.1% | $699.0M-7.9% | $759.0M+144.8% | $310.0M+184.4% | $109.0M |
EOG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 31.4%-0.5pp | 31.9%-0.9pp | 32.8%+4.3pp | 28.5%-6.9pp | 35.4%-1.7pp | 37.1%-2.3pp | 39.4%-1.8pp | 41.2% |
| Net Margin | 25.2%+0.6pp | 24.6%-1.3pp | 25.8%+3.4pp | 22.4%-5.7pp | 28.1%-1.2pp | 29.2%-2.0pp | 31.3%-1.4pp | 32.7% |
| Return on Equity | 4.9%+0.3pp | 4.6%-0.4pp | 5.0%+0.7pp | 4.3%-1.5pp | 5.8%-0.4pp | 6.3%-0.8pp | 7.1%-0.2pp | 7.3% |
| Return on Assets | 2.8%-0.1pp | 2.9%-0.2pp | 3.1%+0.5pp | 2.6%-1.1pp | 3.7%-0.2pp | 4.0%-0.5pp | 4.5%-0.1pp | 4.7% |
| Current Ratio | 1.62-0.2 | 1.79-0.1 | 1.87-0.2 | 2.10-0.0 | 2.12-0.2 | 2.32-0.1 | 2.44+0.0 | 2.43 |
| Debt-to-Equity | 0.25+0.1 | 0.120.0 | 0.12-0.0 | 0.14+0.0 | 0.11-0.0 | 0.130.0 | 0.130.0 | 0.14 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Eog Res Inc's annual revenue?
Eog Res Inc (EOG) reported $23.7B in total revenue for fiscal year 2024. This represents a -2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Eog Res Inc's revenue growing?
Eog Res Inc (EOG) revenue declined by 2% year-over-year, from $24.2B to $23.7B in fiscal year 2024.
Is Eog Res Inc profitable?
Yes, Eog Res Inc (EOG) reported a net income of $6.4B in fiscal year 2024, with a net profit margin of 27.0%.
What is Eog Res Inc's earnings per share (EPS)?
Eog Res Inc (EOG) reported diluted earnings per share of $11.25 for fiscal year 2024. This represents a -13.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Eog Res Inc's EBITDA?
Eog Res Inc (EOG) had EBITDA of $12.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Eog Res Inc have?
As of fiscal year 2024, Eog Res Inc (EOG) had $7.1B in cash and equivalents against $4.2B in long-term debt.
What is Eog Res Inc's operating margin?
Eog Res Inc (EOG) had an operating margin of 34.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Eog Res Inc's net profit margin?
Eog Res Inc (EOG) had a net profit margin of 27.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Eog Res Inc pay dividends?
Yes, Eog Res Inc (EOG) paid $3.71 per share in dividends during fiscal year 2024.
What is Eog Res Inc's return on equity (ROE)?
Eog Res Inc (EOG) has a return on equity of 21.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Eog Res Inc's operating cash flow?
Eog Res Inc (EOG) generated $12.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Eog Res Inc's total assets?
Eog Res Inc (EOG) had $47.2B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Eog Res Inc buy back shares?
Yes, Eog Res Inc (EOG) spent $3.2B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Eog Res Inc have outstanding?
Eog Res Inc (EOG) had 554M shares outstanding as of fiscal year 2024.
What is Eog Res Inc's current ratio?
Eog Res Inc (EOG) had a current ratio of 2.10 as of fiscal year 2024, which is generally considered healthy.
What is Eog Res Inc's debt-to-equity ratio?
Eog Res Inc (EOG) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Eog Res Inc's return on assets (ROA)?
Eog Res Inc (EOG) had a return on assets of 13.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Eog Res Inc's Altman Z-Score?
Eog Res Inc (EOG) has an Altman Z-Score of 4.22, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Eog Res Inc's Piotroski F-Score?
Eog Res Inc (EOG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Eog Res Inc's earnings high quality?
Eog Res Inc (EOG) has an earnings quality ratio of 1.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Eog Res Inc cover its interest payments?
Eog Res Inc (EOG) has an interest coverage ratio of 58.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Eog Res Inc?
Eog Res Inc (EOG) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.