EOG

EX-99.1

2 exh99-1110526.htm

PRESS RELEASE OF EOG RESOURCES, INC.

Document

EXHIBIT 99.1

Table of Contents

Third Quarter 2026

Supplemental Financial and Operating DataPage

Income Statements 10

Volumes and Prices 11

Balance Sheets 12

Cash Flow Statements 13

Non-GAAP Financial Measures

14

Adjusted Net Income 15

Net Income Per Share 19

Adjusted Net Income Per Share 20

Cash Flow from Operations and Free Cash Flow 21

Net Debt-to-Total Capitalization Ratio

23

Revenues, Costs and Margins Per Barrel of Oil Equivalent 24

Additional Key Financial Information 28

9

Income Statements

In millions of USD, except share data (in millions) and per share data (Unaudited)

20252026

1st Qtr2nd Qtr3rd Qtr4th QtrYear1st Qtr2nd Qtr3rd Qtr4th QtrYear

Operating Revenues and Other

Crude Oil and Condensate3,293 2,974 3,243 2,991 12,501 3,577 4,901 4,392 12,870

Natural Gas Liquids572 534 604 666 2,376 664 770 858 2,292

Natural Gas637 600 707 847 2,791 1,021 812 1,085 2,918

Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net(191)107 116 (19)13 113 40 105 258

Gathering, Processing and Marketing1,340 1,247 1,178 1,149 4,914 1,496 2,011 1,846 5,353

Gains (Losses) on Asset Dispositions, Net(1)— (18)(16)(35)31 58 242 331

Other, Net19 16 17 20 72 19 28 21 68

Total5,669 5,478 5,847 5,638 22,632 6,921 8,620 8,549 24,090

Operating Expenses

Lease and Well401 396 431 447 1,675 462 467 493 1,422

Gathering, Processing and Transportation Costs 440 455 587 652 2,134 654 676 693 2,023

Exploration Costs41 74 71 50 236 45 47 54 146

Dry Hole Costs34 11 — 4 49 23 30 29 82

Impairments44 39 71 689 843 39 19 24 82

Marketing Costs1,325 1,216 1,134 1,120 4,795 1,384 1,950 1,781 5,115

Depreciation, Depletion and Amortization1,013 1,053 1,169 1,226 4,461 1,193 1,259 1,292 3,744

General and Administrative171 186 239 224 820 185 213 196 594

Taxes Other Than Income341 301 309 283 1,234 338 431 401 1,170

Total3,810 3,731 4,011 4,695 16,247 4,323 5,092 4,963 14,378

Operating Income 1,859 1,747 1,836 943 6,385 2,598 3,528 3,586 9,712

Other Income, Net65 55 59 33 212 23 38 45 106

Income Before Interest Expense and Income Taxes1,924 1,802 1,895 976 6,597 2,621 3,566 3,631 9,818

Interest Expense, Net47 51 71 66 235 66 67 67 200

Income Before Income Taxes1,877 1,751 1,824 910 6,362 2,555 3,499 3,564 9,618

Income Tax Provision414 406 353 209 1,382 575 775 783 2,133

Net Income1,463 1,345 1,471 701 4,980 1,980 2,724 2,781 7,485

Dividends Declared per Common Share0.9750 1.9950 — 1.0200 3.9900 1.0200 1.0200 1.0200 3.0600

Net Income Per Share

Basic2.66 2.48 2.72 1.31 9.17 3.72 5.18 5.37 14.26

Diluted2.65 2.46 2.70 1.30 9.12 3.70 5.15 5.33 14.18

Average Number of Common Shares

Basic550 543 541 537 543 532 526 518 525

Diluted553 546 544 539 546 535 529 522 528

10

Volumes and Prices

(Unaudited)

20252026

1st Qtr2nd Qtr3rd Qtr4th QtrYear1st Qtr2nd Qtr3rd Qtr4th QtrYear

Crude Oil and Condensate Volumes (MBod) (A)

United States500.9 503.1 532.9 544.5520.5 546.5 546.2 547.7 546.8

Trinidad1.2 1.1 1.6 1.51.4 1.9 2.1 2.0 2.0

Other International (B) — — — 0.1 — 0.1 0.5 0.7 0.4

Total502.1 504.2 534.5 546.1 521.9 548.5 548.8 550.4  549.2

Average Crude Oil and Condensate Prices

($/Bbl) (C)

United States$72.90 $64.84 $65.97 $59.54 $65.65 $72.48 $98.18 $86.73 $85.85

Trinidad61.12 54.50 57.74 57.0757.59 68.91 88.87 84.62 81.07

Other International — — — 63.98 — 89.12 103.40 87.96 94.53

Composite72.87 64.82 65.95 59.5465.63 72.47 98.15 86.72 85.83

Natural Gas Liquids Volumes (MBbld) (A)

United States241.7 258.4 309.3 342.1 288.2 332.1 346.8 357.1 345.4

Total241.7 258.4 309.3 342.1 288.2 332.1 346.8 357.1  345.4

Average Natural Gas Liquids Prices ($/Bbl) (C)

United States$26.29 $22.70 $21.25 $21.15 $22.58 $22.20 $24.41 $26.13 $24.31

Composite26.29 22.70 21.25 21.1522.58 22.20 24.41 26.13 24.31

Natural Gas Volumes (MMcfd) (A)

United States1,834 1,977 2,511 2,859 2,299 2,769 2,784 2,882 2,812

Trinidad246 252 230 195 230 239 293 260 265

Other International (B) — — 4 11 4 12 12 11 11

Total2,080 2,229 2,745 3,065 2,533 3,020 3,089 3,153  3,088

Average Natural Gas Prices ($/Mcf) (C)

United States$3.36 $2.87 $2.71 $2.94 $2.94 $3.75 $2.77 $3.73 $3.42

Trinidad3.78 3.65 3.80 3.943.78 3.91 3.99 3.92 3.94

Other International (B) — — 3.27 3.29 3.28 3.26 3.27 3.30 3.28

Composite3.41 2.96 2.80 3.003.02 3.76 2.89 3.74 3.46

Crude Oil Equivalent Volumes (MBoed) (D)

United States1,048.3 1,090.9 1,260.7 1,363.0 1,191.8 1,340.1 1,357.1 1,385.1 1,360.9

Trinidad42.1 43.2 39.8 34.2 39.8 41.7 50.9 45.6 46.1

Other International — — 0.7 1.8 0.6 2.0 2.4 2.4 2.3

Total1,090.4 1,134.1 1,301.2 1,399.0 1,232.2 1,383.8 1,410.4 1,433.1  1,409.3

Total MMBoe (D) 98.1 103.2 119.7 128.7449.8 124.5 128.3 131.8 384.7

(A)Thousand barrels per day or million cubic feet per day, as applicable.

(B)Crude oil and condensate volumes are from UAE and Bahrain operations. Natural gas volumes are from Bahrain operations; n

eog-20261008

0000821189false00008211892026-10-082026-10-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 8, 2026

EOG RESOURCES, INC.

(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. ☐

EOG RESOURCES, INC.

Item 2.02    Results of Operations and Financial Condition.

I.    Recent Developments

On October 8, 2026, EOG Resources, Inc. (EOG) updated its guidance regarding current tax expense for the third quarter 2026. In its prior guidance for the third quarter 2026 issued with second quarter 2026 results on August 4, 2026, EOG forecasted current tax expense for the third quarter 2026 of $545 million - $645 million.

Due to the higher crude oil prices realized in the third quarter 2026 and anticipated for the full year as a result of the ongoing conflict in the Middle East (versus EOG's expectations at the time of issuance of its third quarter 2026 guidance on August 4, 2026), EOG now expects its third quarter 2026 current tax expense to be $835 million - $935 million.

EOG is not updating or confirming any other ranges for the third quarter 2026 or full year 2026 included in the guidance issued on August 4, 2026.

II.    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 third quarter of 2026, EOG received net cash of $40 million from 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 September 30, 2026, U.S. New York Mercantile Exchange (NYMEX) West Texas Intermediate crude oil averaged $85.68 per barrel, and NYMEX natural gas at Henry Hub averaged $2.95 per million British thermal units. EOG's actual realizations for crude oil and natural gas for the quarter ended September 30, 2026, 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.

III.    Forward-Looking Statements

This Current Report on Form 8-K may include certain "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, including statements 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

EX-99.1

2 exh99-1080426.htm

PRESS RELEASE OF EOG RESOURCES, INC.

Document

EXHIBIT 99.1

Table of Contents

Second Quarter 2026

Supplemental Financial and Operating DataPage

Income Statements 10

Volumes and Prices 11

Balance Sheets 12

Cash Flow Statements 13

Non-GAAP Financial Measures

14

Adjusted Net Income 15

Net Income Per Share 19

Adjusted Net Income Per Share 20

Cash Flow from Operations and Free Cash Flow 21

Net Debt-to-Total Capitalization Ratio

23

Revenues, Costs and Margins Per Barrel of Oil Equivalent 24

Additional Key Financial Information 28

9

Income Statements

In millions of USD, except share data (in millions) and per share data (Unaudited)

20252026

1st Qtr2nd Qtr3rd Qtr4th QtrYear1st Qtr2nd Qtr3rd Qtr4th QtrYear

Operating Revenues and Other

Crude Oil and Condensate3,293 2,974 3,243 2,991 12,501 3,577 4,901 8,478

Natural Gas Liquids572 534 604 666 2,376 664 770 1,434

Natural Gas637 600 707 847 2,791 1,021 812 1,833

Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net(191)107 116 (19)13 113 40 153

Gathering, Processing and Marketing1,340 1,247 1,178 1,149 4,914 1,496 2,011 3,507

Gains (Losses) on Asset Dispositions, Net(1)— (18)(16)(35)31 58 89

Other, Net19 16 17 20 72 19 28 47

Total5,669 5,478 5,847 5,638 22,632 6,921 8,620 15,541

Operating Expenses

Lease and Well401 396 431 447 1,675 462 467 929

Gathering, Processing and Transportation Costs 440 455 587 652 2,134 654 676 1,330

Exploration Costs41 74 71 50 236 45 47 92

Dry Hole Costs34 11 — 4 49 23 30 53

Impairments44 39 71 689 843 39 19 58

Marketing Costs1,325 1,216 1,134 1,120 4,795 1,384 1,950 3,334

Depreciation, Depletion and Amortization1,013 1,053 1,169 1,226 4,461 1,193 1,259 2,452

General and Administrative171 186 239 224 820 185 213 398

Taxes Other Than Income341 301 309 283 1,234 338 431 769

Total3,810 3,731 4,011 4,695 16,247 4,323 5,092 9,415

Operating Income 1,859 1,747 1,836 943 6,385 2,598 3,528 6,126

Other Income, Net65 55 59 33 212 23 38 61

Income Before Interest Expense and Income Taxes1,924 1,802 1,895 976 6,597 2,621 3,566 6,187

Interest Expense, Net47 51 71 66 235 66 67 133

Income Before Income Taxes1,877 1,751 1,824 910 6,362 2,555 3,499 6,054

Income Tax Provision414 406 353 209 1,382 575 775 1,350

Net Income1,463 1,345 1,471 701 4,980 1,980 2,724 4,704

Dividends Declared per Common Share0.9750 1.9950 — 1.0200 3.9900 1.0200 1.0200 2.0400

Net Income Per Share

Basic2.66 2.48 2.72 1.31 9.17 3.72 5.18 8.89

Diluted2.65 2.46 2.70 1.30 9.12 3.70 5.15 8.84

Average Number of Common Shares

Basic550 543 541 537 543 532 526 529

Diluted553 546 544 539 546 535 529 532

10

Volumes and Prices

(Unaudited)

20252026

1st Qtr2nd Qtr3rd Qtr4th QtrYear1st Qtr2nd Qtr3rd Qtr4th QtrYear

Crude Oil and Condensate Volumes (MBbld) (A)

United States500.9 503.1 532.9 544.5520.5 546.5 546.2 546.3

Trinidad1.2 1.1 1.6 1.51.4 1.9 2.1 2.0

Other International (B) — — — 0.1 — 0.1 0.5 0.3

Total502.1 504.2 534.5 546.1 521.9 548.5 548.8   548.6

Average Crude Oil and Condensate Prices

($/Bbl) (C)

United States$72.90 $64.84 $65.97 $59.54 $65.65 $72.48 $98.18 $85.40

Trinidad61.12 54.50 57.74 57.0757.59 68.91 88.87 79.20

Other International — — — 63.98 — 89.12 103.40 101.81

Composite72.87 64.82 65.95 59.5465.63 72.47 98.15 85.38

Natural Gas Liquids Volumes (MBbld) (A)

United States241.7 258.4 309.3 342.1 288.2 332.1 346.8 339.5

Total241.7 258.4 309.3 342.1 288.2 332.1 346.8   339.5

Average Natural Gas Liquids Prices ($/Bbl) (C)

United States$26.29 $22.70 $21.25 $21.15 $22.58 $22.20 $24.41 $23.34

Composite26.29 22.70 21.25 21.1522.58 22.20 24.41 23.34

Natural Gas Volumes (MMcfd) (A)

United States1,834 1,977 2,511 2,859 2,299 2,769 2,784 2,777

Trinidad246 252 230 195 230 239 293 266

Other International (B) — — 4 11 4 12 12 12

Total2,080 2,229 2,745 3,065 2,533 3,020 3,089   3,055

Average Natural Gas Prices ($/Mcf) (C)

United States$3.36 $2.87 $2.71 $2.94 $2.94 $3.75 $2.77 $3.25

Trinidad3.78 3.65 3.80 3.943.78 3.91 3.99 3.95

Other International (B) — — 3.27 3.29 3.28 3.26 3.27 3.27

Composite3.41 2.96 2.80 3.003.02 3.76 2.89 3.32

Crude Oil Equivalent Volumes (MBoed) (D)

United States1,048.3 1,090.9 1,260.7 1,363.0 1,191.8 1,340.1 1,357.1 1,348.6

Trinidad42.1 43.2 39.8 34.2 39.8 41.7 50.9 46.4

Other International — — 0.7 1.8 0.6 2.0 2.4 2.2

Total1,090.4 1,134.1 1,301.2 1,399.0 1,232.2 1,383.8 1,410.4   1,397.2

Total MMBoe (D) 98.1 103.2 119.7 128.7449.8 124.5 128.3 252.9

(A)Thousand barrels per day or million cubic feet per day, as applicable.

(B)Crude oil and condensate volumes are from UAE and Bahrain operations. Natural gas volumes are from Bahrain operations; natural gas realized price represents contract price less partner's processing and distribution costs.

(C)Dollars per barrel or per thousand cubic feet, as applicable. Excludes the impact of financial commodity and other derivative instruments (see Note 9 to the Condensed Consolidated