EOG Resources stock gains support from record output and dividend hike

Published on 11/09/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EOG Resources stock follows record third-quarter output and stronger adjusted earnings. The company raised its regular dividend by 8 percent.

Record Output Supports Higher Returns

EOG reported third-quarter adjusted earnings of 4.87 US dollars per diluted share and free cash flow of 2.176 billion US dollars.
Management maintained full-year 2026 guidance for 5 percent oil-production growth and 6.5 billion US dollars of capital spending.
The higher dividend and new gas-market agreements strengthen the focus on recurring shareholder returns and future infrastructure capacity.

EOG Resources, US26875P1012, Illustration mit AI erstellt.

EOG Resources reported record oil, natural gas liquids and natural gas production for the third quarter on Thursday, November 5, while stronger commodity prices lifted adjusted earnings. The company also raised its regular quarterly dividend by 8 percent, according to its release carried by PR Newswire.

Adjusted net income reached 2.540 billion US dollars, or 4.87 US dollars per diluted share, in the three months ended September 30. GAAP net income was 2.781 billion US dollars, or 5.33 US dollars per diluted share, while revenue rose to 8.549 billion US dollars.

Production Beats Quarterly Targets

Total crude oil equivalent production rose to 1.433 million barrels of oil equivalent per day from 1.301 million a year earlier. Crude oil and condensate volumes reached 550.4 thousand barrels per day, natural gas liquids totaled 357.1 thousand barrels per day and natural gas production was 3.153 billion cubic feet per day. Each stream exceeded the company's guidance midpoint.

EOG generated 2.176 billion US dollars of free cash flow and 3.813 billion US dollars of operating cash flow. Capital spending was 1.597 billion US dollars, below the quarterly guidance midpoint, while net debt fell to 2.175 billion US dollars at the end of September.

Dividend and Gas Strategy Advance

The board declared a regular dividend of 1.10 US dollars per share, payable January 29, 2027, to shareholders of record on January 15. The indicated annual rate is 4.40 US dollars per share. EOG also repurchased 7.0 million shares for 1.0 billion US dollars during the quarter.

The company entered a long-term gas sales agreement linked to Japan Korea Marker pricing that is expected to lift premium-priced LNG feedgas exposure above 1 billion cubic feet per day by 2030. EOG also approved an expansion of its Janus gas-processing plant in the Delaware Basin.

Management kept full-year 2026 capital-spending guidance at 6.5 billion US dollars and expects oil production growth of 5 percent and total production growth of 14 percent. Fourth-quarter total oil-equivalent production is forecast at 1.3855 million to 1.4320 million barrels per day.

EOG Resources stock traded at 131.30 euros on Lang & Schwarz at 16:00 CET on Monday, November 9, 2026.