Goldman Sachs Adjusts EOG Resources' PT to $133 From $132, Keeps Neutral Rating
AI Sentiment
Highly Positive
8/10
as of 03-23-2026 2:26pm EST
EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2024, it reported net proven reserves of 4.7 billion barrels of oil equivalent. Net production averaged roughly 1,062 thousand barrels of oil equivalent per day in 2024 at a ratio of 69% oil and natural gas liquids and 31% natural gas.
| Founded: | 1985 | Country: | United States |
| Employees: | N/A | City: | HOUSTON |
| Market Cap: | 70.3B | IPO Year: | 2005 |
| Target Price: | $142.47 | AVG Volume (30 days): | 5.2M |
| Analyst Decision: | Buy | Number of Analysts: | 21 |
| Dividend Yield: | Dividend Payout Frequency: | quarterly | |
| EPS: | 9.12 | EPS Growth: | -18.93 |
| 52 Week Low/High: | $101.59 - $140.92 | Next Earning Date: | 04-30-2026 |
| Revenue: | $22,632,000,000 | Revenue Growth: | -4.50% |
| Revenue Growth (this year): | 6.22% | Revenue Growth (next year): | 5.08% |
| P/E Ratio: | 15.25 | Index: | |
| Free Cash Flow: | N/A | FCF Growth: | -40.22% |
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EVP & Chief Financial Officer
Avg Cost/Share
$140.04
Shares
4,161
Total Value
$582,706.44
Owned After
100,246.383
SEC Form 4
EVP & Chief Financial Officer
Avg Cost/Share
$134.37
Shares
2,597
Total Value
$348,814.10
Owned After
100,246.383
EVP & COO
Avg Cost/Share
$130.00
Shares
2,000
Total Value
$260,000.00
Owned After
88,045.492
SEC Form 4
EVP & COO
Avg Cost/Share
$126.57
Shares
1,774
Total Value
$224,535.18
Owned After
88,045.492
SEC Form 4
EVP & COO
Avg Cost/Share
$125.00
Shares
2,000
Total Value
$250,000.00
Owned After
88,045.492
SEC Form 4
EVP & COO
Avg Cost/Share
$105.68
Shares
2,000
Total Value
$211,360.00
Owned After
88,045.492
SEC Form 4
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| Janssen Ann D. | EOG | EVP & Chief Financial Officer | Mar 19, 2026 | Sell | $140.04 | 4,161 | $582,706.44 | 100,246.383 | |
| Janssen Ann D. | EOG | EVP & Chief Financial Officer | Mar 12, 2026 | Sell | $134.37 | 2,597 | $348,814.10 | 100,246.383 | |
| Leitzell Jeffrey R. | EOG | EVP & COO | Mar 3, 2026 | Sell | $130.00 | 2,000 | $260,000.00 | 88,045.492 | |
| Leitzell Jeffrey R. | EOG | EVP & COO | Mar 2, 2026 | Sell | $126.57 | 1,774 | $224,535.18 | 88,045.492 | |
| Leitzell Jeffrey R. | EOG | EVP & COO | Feb 19, 2026 | Sell | $125.00 | 2,000 | $250,000.00 | 88,045.492 | |
| Leitzell Jeffrey R. | EOG | EVP & COO | Dec 31, 2025 | Sell | $105.68 | 2,000 | $211,360.00 | 88,045.492 |
SEC 8-K filings with transcript text
Feb 24, 2026 · 100% conf.
1D
-0.50%
$123.38
Act: -1.21%
5D
-3.20%
$120.03
Act: +3.23%
20D
-6.16%
$116.36
eog-202602240000821189FALSE00008211892026-02-242026-02-24
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 24, 2026
(Exact name of registrant as specified in its charter)
Delaware1-974347-0684736 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
1111 Bagby, Sky Lobby 2 Houston, Texas 77002 (Address of principal executive offices) (Zip Code)
713-651-7000 (Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per shareEOGNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On February 24, 2026, EOG Resources, Inc. issued a press release announcing fourth quarter 2025 financial and operational results and first quarter and full year 2026 forecast and benchmark commodity pricing information (see Item 7.01 below). A copy of this release is attached as Exhibit 99.1 to this filing and is incorporated herein by reference. This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or Securities Exchange Act of 1934, as amended.
Item 7.01 Regulation FD Disclosure.
Accompanying the press release announcing fourth quarter 2025 financial and operational results attached hereto as Exhibit 99.1 is first quarter and full year 2026 forecast and benchmark commodity pricing information for EOG Resources, Inc., which information is incorporated herein by reference. This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of EOG Resources, Inc. dated February 24, 2026 (including the accompanying first quarter and full year 2026 forecast and benchmark commodity pricing information).
104 Cover Page Interactive Data File (formatted as Inline XBRL).
2
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
(Registrant)
Date: February 24, 2026By:/s/ ANN D. JANSSEN Ann D. Janssen Executive Vice President and Chief Financial Officer (Principal Financial Officer and Duly Authorized Officer)
3
Jan 12, 2026 · 100% conf.
1D
-0.50%
$123.38
Act: -1.21%
5D
-3.20%
$120.03
Act: +3.23%
20D
-6.16%
$116.36
eog-202601120000821189false00008211892026-01-122026-01-12
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 12, 2026
(Exact name of registrant as specified in its charter)
Delaware1-974347-0684736 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
1111 Bagby, Sky Lobby 2 Houston, Texas 77002 (Address of principal executive offices) (Zip Code)
713-651-7000 (Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per shareEOGNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
I. Price Risk Management and Other
With the objective of enhancing the certainty of future revenues and cash flows, from time to time EOG enters into financial price swap, option, swaption, collar and basis swap contracts (collectively, Financial Commodity Derivative Contracts). EOG accounts for its Financial Commodity Derivative Contracts using the mark-to-market accounting method.
In addition, EOG accounts for its 10-year natural gas sales agreement that is linked to Brent crude oil prices (Brent Linked Gas Sales Contract) using the mark-to-market accounting method.
During the fourth quarter of 2025, EOG paid net cash of $21 million for settlements of Financial Commodity Derivative Contracts. There was no cash received related to the Brent Linked Gas Sales Contract as deliveries are expected to commence in January 2027.
For the quarter ended December 31, 2025, U.S. New York Mercantile Exchange (NYMEX) West Texas Intermediate crude oil averaged $59.17 per barrel, and NYMEX natural gas at Henry Hub averaged $3.55 per million British thermal units. EOG's actual realizations for crude oil and natural gas for the quarter ended December 31, 2025, differ from these NYMEX prices due to delivery location (basis), quality and appropriate revenue adjustments. EOG's actual realizations for natural gas liquids (NGLs) are influenced by the components extracted, including ethane, propane, butane and natural gasoline, among others, and the respective market pricing for each component.
II. Forward-Looking Statements
Information Regarding Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements and projections regarding EOG's future financial position, operations, performance, business strategy, goals, returns and rates of return, budgets, reserves, levels of production, capital expenditures, operating costs and asset sales, statements regarding future commodity prices, statements regarding the plans and objectives of EOG's management for future operations and statements and projections regarding the strategic rationale for, and anticipated benefits of, EOG's acquisition of Encino Acquisition Partners, LLC (Encino) are forward‐looking statements. EOG typically uses words such as "expect," "anticipate," "estimate," "project," "strategy," "intend," "plan," "target," "aims," "ambition," "initiative," "goal," "may," "will," "focused on," "should" and "believe" or the negative of those terms or other variations or comparable terminology to identify its forward‐looking statements. In particular, statements, express or implied, concerning (i) EOG's future financial or operating results and retu
Nov 6, 2025
eog-202511060000821189FALSE00008211892025-11-062025-11-06
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2025
(Exact name of registrant as specified in its charter)
Delaware1-974347-0684736 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
1111 Bagby, Sky Lobby 2 Houston, Texas 77002 (Address of principal executive offices) (Zip Code)
713-651-7000 (Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per shareEOGNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 6, 2025, EOG Resources, Inc. issued a press release announcing third quarter 2025 financial and operational results and fourth quarter and full year 2025 forecast and benchmark commodity pricing information (see Item 7.01 below). A copy of this release is attached as Exhibit 99.1 to this filing and is incorporated herein by reference. This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or Securities Exchange Act of 1934, as amended.
Item 7.01 Regulation FD Disclosure.
Accompanying the press release announcing third quarter 2025 financial and operational results attached hereto as Exhibit 99.1 is fourth quarter and full year 2025 forecast and benchmark commodity pricing information for EOG Resources, Inc., which information is incorporated herein by reference. This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of EOG Resources, Inc. dated November 6, 2025 (including the accompanying fourth quarter and full year 2025 forecast and benchmark commodity pricing information).
104 Cover Page Interactive Data File (formatted as Inline XBRL).
2
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
(Registrant)
Date: November 6, 2025By:/s/ ANN D. JANSSEN Ann D. Janssen Executive Vice President and Chief Financial Officer (Principal Financial Officer and Duly Authorized Officer)
3
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