EOG RESOURCES INC (EOG) Fundamental Analysis & Valuation

NYSE:EOG • US26875P1012

131.41 USD
+0.38 (+0.29%)
At close: Mar 6, 2026
132.5 USD
+1.09 (+0.83%)
After Hours: 3/6/2026, 8:14:14 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This EOG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, EOG scores 6 out of 10 in our fundamental rating. EOG was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. EOG has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. EOG has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. EOG Profitability Analysis

1.1 Basic Checks

  • EOG had positive earnings in the past year.
  • EOG had a positive operating cash flow in the past year.
  • Each year in the past 5 years EOG has been profitable.
  • In the past 5 years EOG always reported a positive cash flow from operatings.
EOG Yearly Net Income VS EBIT VS OCF VS FCFEOG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

1.2 Ratios

  • EOG has a Return On Assets of 9.61%. This is amongst the best in the industry. EOG outperforms 88.41% of its industry peers.
  • With an excellent Return On Equity value of 16.69%, EOG belongs to the best of the industry, outperforming 83.09% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 12.04%, EOG belongs to the best of the industry, outperforming 89.37% of the companies in the same industry.
  • EOG had an Average Return On Invested Capital over the past 3 years of 15.63%. This is significantly below the industry average of 22.17%.
Industry RankSector Rank
ROA 9.61%
ROE 16.69%
ROIC 12.04%
ROA(3y)13.5%
ROA(5y)14.29%
ROE(3y)21.85%
ROE(5y)23.58%
ROIC(3y)15.63%
ROIC(5y)16.8%
EOG Yearly ROA, ROE, ROICEOG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

1.3 Margins

  • With an excellent Profit Margin value of 21.97%, EOG belongs to the best of the industry, outperforming 80.68% of the companies in the same industry.
  • In the last couple of years the Profit Margin of EOG has declined.
  • The Operating Margin of EOG (32.04%) is better than 76.81% of its industry peers.
  • In the last couple of years the Operating Margin of EOG has grown nicely.
  • EOG's Gross Margin of 61.92% is fine compared to the rest of the industry. EOG outperforms 71.98% of its industry peers.
  • In the last couple of years the Gross Margin of EOG has grown nicely.
Industry RankSector Rank
OM 32.04%
PM (TTM) 21.97%
GM 61.92%
OM growth 3Y-7.2%
OM growth 5Y17.24%
PM growth 3Y-10.14%
PM growth 5YN/A
GM growth 3Y-0.61%
GM growth 5Y2.37%
EOG Yearly Profit, Operating, Gross MarginsEOG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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7

2. EOG Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EOG is creating value.
  • Compared to 1 year ago, EOG has less shares outstanding
  • Compared to 5 years ago, EOG has less shares outstanding
  • Compared to 1 year ago, EOG has a worse debt to assets ratio.
EOG Yearly Shares OutstandingEOG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
EOG Yearly Total Debt VS Total AssetsEOG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • EOG has an Altman-Z score of 3.69. This indicates that EOG is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.69, EOG belongs to the top of the industry, outperforming 85.02% of the companies in the same industry.
  • The Debt to FCF ratio of EOG is 2.30, which is a good value as it means it would take EOG, 2.30 years of fcf income to pay off all of its debts.
  • EOG's Debt to FCF ratio of 2.30 is amongst the best of the industry. EOG outperforms 83.09% of its industry peers.
  • A Debt/Equity ratio of 0.27 indicates that EOG is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.27, EOG is doing good in the industry, outperforming 67.63% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 2.3
Altman-Z 3.69
ROIC/WACC1.46
WACC8.25%
EOG Yearly LT Debt VS Equity VS FCFEOG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B

2.3 Liquidity

  • EOG has a Current Ratio of 1.63. This is a normal value and indicates that EOG is financially healthy and should not expect problems in meeting its short term obligations.
  • EOG has a better Current ratio (1.63) than 69.08% of its industry peers.
  • EOG has a Quick Ratio of 1.42. This is a normal value and indicates that EOG is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.42, EOG is doing good in the industry, outperforming 69.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.63
Quick Ratio 1.42
EOG Yearly Current Assets VS Current LiabilitesEOG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. EOG Growth Analysis

3.1 Past

  • EOG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.40%.
  • Measured over the past years, EOG shows a very strong growth in Earnings Per Share. The EPS has been growing by 47.43% on average per year.
  • Looking at the last year, EOG shows a decrease in Revenue. The Revenue has decreased by -4.29% in the last year.
  • Measured over the past years, EOG shows a quite strong growth in Revenue. The Revenue has been growing by 15.39% on average per year.
EPS 1Y (TTM)-12.4%
EPS 3Y-9.56%
EPS 5Y47.43%
EPS Q2Q%-17.15%
Revenue 1Y (TTM)-4.29%
Revenue growth 3Y-4.01%
Revenue growth 5Y15.39%
Sales Q2Q%-0.62%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.88% on average over the next years.
  • EOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.55% yearly.
EPS Next Y-5.31%
EPS Next 2Y5.87%
EPS Next 3Y9.25%
EPS Next 5Y7.88%
Revenue Next Year4.25%
Revenue Next 2Y4.99%
Revenue Next 3Y5.55%
Revenue Next 5Y6.55%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
EOG Yearly Revenue VS EstimatesEOG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
EOG Yearly EPS VS EstimatesEOG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 5 10

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5

4. EOG Valuation Analysis

4.1 Price/Earnings Ratio

  • EOG is valuated correctly with a Price/Earnings ratio of 12.92.
  • Based on the Price/Earnings ratio, EOG is valued a bit cheaper than 73.91% of the companies in the same industry.
  • EOG is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 13.65, EOG is valued correctly.
  • Based on the Price/Forward Earnings ratio, EOG is valued a bit cheaper than the industry average as 69.57% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. EOG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 12.92
Fwd PE 13.65
EOG Price Earnings VS Forward Price EarningsEOG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 72.95% of the companies in the same industry are more expensive than EOG, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of EOG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 20.43
EV/EBITDA 6.38
EOG Per share dataEOG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The decent profitability rating of EOG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y5.87%
EPS Next 3Y9.25%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. EOG Dividend Analysis

5.1 Amount

  • EOG has a Yearly Dividend Yield of 3.11%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.40, EOG pays a bit more dividend than its industry peers.
  • EOG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.11%

5.2 History

  • On average, the dividend of EOG grows each year by 22.90%, which is quite nice.
  • EOG has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)22.9%
Div Incr Years0
Div Non Decr Years0
EOG Yearly Dividends per shareEOG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

5.3 Sustainability

  • 43.39% of the earnings are spent on dividend by EOG. This is a bit on the high side, but may be sustainable.
  • EOG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.39%
EPS Next 2Y5.87%
EPS Next 3Y9.25%
EOG Yearly Income VS Free CF VS DividendEOG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B
EOG Dividend Payout.EOG Dividend Payout, showing the Payout Ratio.EOG Dividend Payout.PayoutRetained Earnings

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EOG Fundamentals: All Metrics, Ratios and Statistics

EOG RESOURCES INC

NYSE:EOG (3/6/2026, 8:14:14 PM)

After market: 132.5 +1.09 (+0.83%)

131.41

+0.38 (+0.29%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-24
Earnings (Next)04-29
Inst Owners95.07%
Inst Owner Change-1.9%
Ins Owners0.24%
Ins Owner Change3.09%
Market Cap70.50B
Revenue(TTM)22.67B
Net Income(TTM)4.98B
Analysts74.21
Price Target135.23 (2.91%)
Short Float %2.88%
Short Ratio3.16
Dividend
Industry RankSector Rank
Dividend Yield 3.11%
Yearly Dividend3.95
Dividend Growth(5Y)22.9%
DP43.39%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.51%
Min EPS beat(2)2.58%
Max EPS beat(2)10.43%
EPS beat(4)4
Avg EPS beat(4)4.65%
Min EPS beat(4)1.75%
Max EPS beat(4)10.43%
EPS beat(8)8
Avg EPS beat(8)4.52%
EPS beat(12)11
Avg EPS beat(12)5.14%
EPS beat(16)13
Avg EPS beat(16)4.19%
Revenue beat(2)0
Avg Revenue beat(2)-3.32%
Min Revenue beat(2)-3.44%
Max Revenue beat(2)-3.2%
Revenue beat(4)0
Avg Revenue beat(4)-2.94%
Min Revenue beat(4)-4.48%
Max Revenue beat(4)-0.63%
Revenue beat(8)4
Avg Revenue beat(8)1.13%
Revenue beat(12)8
Avg Revenue beat(12)3.2%
Revenue beat(16)11
Avg Revenue beat(16)2.05%
PT rev (1m)-1.31%
PT rev (3m)-3.36%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)-6.12%
EPS NY rev (1m)-0.29%
EPS NY rev (3m)1.78%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)-2.42%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-2.63%
Valuation
Industry RankSector Rank
PE 12.92
Fwd PE 13.65
P/S 3.11
P/FCF 20.43
P/OCF 7.02
P/B 2.36
P/tB 2.36
EV/EBITDA 6.38
EPS(TTM)10.17
EY7.74%
EPS(NY)9.63
Fwd EY7.33%
FCF(TTM)6.43
FCFY4.89%
OCF(TTM)18.72
OCFY14.25%
SpS42.25
BVpS55.61
TBVpS55.61
PEG (NY)N/A
PEG (5Y)0.27
Graham Number112.8
Profitability
Industry RankSector Rank
ROA 9.61%
ROE 16.69%
ROCE 15.42%
ROIC 12.04%
ROICexc 12.98%
ROICexgc 12.98%
OM 32.04%
PM (TTM) 21.97%
GM 61.92%
FCFM 15.22%
ROA(3y)13.5%
ROA(5y)14.29%
ROE(3y)21.85%
ROE(5y)23.58%
ROIC(3y)15.63%
ROIC(5y)16.8%
ROICexc(3y)17.99%
ROICexc(5y)19.64%
ROICexgc(3y)17.99%
ROICexgc(5y)19.64%
ROCE(3y)20.01%
ROCE(5y)21.52%
ROICexgc growth 3Y-21.52%
ROICexgc growth 5Y24.64%
ROICexc growth 3Y-21.52%
ROICexc growth 5Y24.64%
OM growth 3Y-7.2%
OM growth 5Y17.24%
PM growth 3Y-10.14%
PM growth 5YN/A
GM growth 3Y-0.61%
GM growth 5Y2.37%
F-Score5
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 2.3
Debt/EBITDA 0.67
Cap/Depr 147.81%
Cap/Sales 29.09%
Interest Coverage 39.26
Cash Conversion 85.67%
Profit Quality 69.28%
Current Ratio 1.63
Quick Ratio 1.42
Altman-Z 3.69
F-Score5
WACC8.25%
ROIC/WACC1.46
Cap/Depr(3y)160.01%
Cap/Depr(5y)145.33%
Cap/Sales(3y)27.22%
Cap/Sales(5y)24.37%
Profit Quality(3y)75.76%
Profit Quality(5y)82.35%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.4%
EPS 3Y-9.56%
EPS 5Y47.43%
EPS Q2Q%-17.15%
EPS Next Y-5.31%
EPS Next 2Y5.87%
EPS Next 3Y9.25%
EPS Next 5Y7.88%
Revenue 1Y (TTM)-4.29%
Revenue growth 3Y-4.01%
Revenue growth 5Y15.39%
Sales Q2Q%-0.62%
Revenue Next Year4.25%
Revenue Next 2Y4.99%
Revenue Next 3Y5.55%
Revenue Next 5Y6.55%
EBIT growth 1Y-14.12%
EBIT growth 3Y-10.92%
EBIT growth 5Y35.28%
EBIT Next Year71.26%
EBIT Next 3Y27.4%
EBIT Next 5Y16.79%
FCF growth 1Y-40.22%
FCF growth 3Y-17.27%
FCF growth 5Y17.46%
OCF growth 1Y-17.29%
OCF growth 3Y-3.26%
OCF growth 5Y14.93%

EOG RESOURCES INC / EOG FAQ

What is the fundamental rating for EOG stock?

ChartMill assigns a fundamental rating of 6 / 10 to EOG.


What is the valuation status of EOG RESOURCES INC (EOG) stock?

ChartMill assigns a valuation rating of 5 / 10 to EOG RESOURCES INC (EOG). This can be considered as Fairly Valued.


Can you provide the profitability details for EOG RESOURCES INC?

EOG RESOURCES INC (EOG) has a profitability rating of 7 / 10.


What is the earnings growth outlook for EOG RESOURCES INC?

The Earnings per Share (EPS) of EOG RESOURCES INC (EOG) is expected to decline by -5.31% in the next year.


How sustainable is the dividend of EOG RESOURCES INC (EOG) stock?

The dividend rating of EOG RESOURCES INC (EOG) is 5 / 10 and the dividend payout ratio is 43.39%.