With a market cap of $85.5 billion, EOG Resources, Inc. (EOG) is an independent energy company that explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas across major producing basins in the United States, the Republic of Trinidad and Tobago, and other international locations. It also provides crude oil and condensate gathering, processing, and marketing services.
The Houston, Texas-based company is set to announce its fiscal Q3 2026 results after the market closes on Thursday, Nov. 5. Ahead of the event, analysts expect EOG to report an adjusted EPS of $4.45, an increase of 64.2% from $2.71 in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
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For fiscal 2026, analysts forecast the leading oil and gas producer to post adjusted EPS of $17.70, a surge of 74.2% from $10.16 in fiscal 2025.
www.barchart.com Shares of EOG Resources have climbed 53.1% over the past 52 weeks, surpassing the S&P 500 Index's ($SPX) 13.3 gain. However, the stock has lagged behind the State Street Energy Select Sector SPDR ETF's (XLE) 57.4% return over the same time frame.
www.barchart.com EOG Resources reported Q2 2026 results on Aug. 4, with better-than-expected adjusted EPS of $5.07, as higher crude prices lifted profitability. Its average realized oil price surged to $98.15 per barrel, benefiting from crude-price spikes linked to concerns that the Iran war could disrupt Middle East supplies and daily oil production also increased to 548,800 barrels.
EOG further supported its outlook by targeting 5% oil production growth and 14% total production growth in 2026, with Q3 production expected at 546,000 barrels - 551,000 barrels of oil equivalent per day (boed) and annual capital spending of $6.3 billion - $6.7 billion.
Analysts' consensus rating on EOG stock is cautiously optimistic overall, with a "Moderate Buy" rating. Out of 32 analysts covering the stock, 11 recommend a "Strong Buy," two have a "Moderate Buy" rating, and 19 give a "Hold" rating. This configuration is slightly less bullish than three months ago, with 12 analysts suggesting a "Strong Buy."
The average analyst price target is $165.90, suggesting a potential upside of 1.7% from the current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.