EOG Resources Q4 adjusted EPS beats analyst expectations

Overview

• Oil and gas producer's Q4 adjusted EPS beat analyst expectations

• Adjusted net income for Q4 slightly beat analyst estimates

• Company announced $6.5 bln capital plan for 2026

Outlook

• EOG Resources announces $6.5 bln capital plan for 2026

• Company targets 5% oil production growth and 13% total production growth in 2026

• EOG expects $4.5 bln in free cash flow using current strip pricing midpoints

Result Drivers

• OPERATIONAL EXECUTION - EOG exceeded oil and total volume targets, and reduced well and cash operating costs, contributing to strong financial results

• MARKETING STRATEGY - Differentiated marketing strategy led to peer-leading U.S. price realizations, strengthening margins

• STRATEGIC ACQUISITIONS - Strategic Encino acquisition and international exploration in UAE and Bahrain enhanced portfolio strength

Company press release: ID:nPn535vFWa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

• Wall Street's median 12-month price target for EOG Resources Inc is $134.00, about 9.6% above its February 23 closing price of $122.31

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

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