PerpEquities

Equity · Energy

Is EOG Resources (EOG) tradable as a perp? Not yet

EOG Resources explores, develops, produces, and markets crude oil, natural gas liquids, and natural gas in the U.S. and internationally.

Not yet listed on any perp exchange

No perpetual-futures venue lists EOG yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 1h ago
Market cap
$76.8B
Updated 1h ago
Revenue
$26.7B
Trailing 12 months
Revenue growth
+25%
Next fiscal year
Profit margin
+25.7%
P/E
11.2
Peer P/E 15.9
Free cash flow
$6.7B
Trailing 12 months
More metrics
Net income
$6.9B
Trailing 12 months
P/S
2.9
Peer P/E
15.9
Similar listed perps
Revenue estimate
$28.2B
Next fiscal year
Earnings
2026-11-05
Revenue est. $6.9B · Updated 1h ago
Dividend
$1.02
2026-10-16

Fundamental detail

Annual + quarterly
Latest revenue$22.6B
Net margin+22.1%
Free cash flow$3.9B
Net debt$5B
2020$9.9B
2021$19.7B
2022$29.5B
2023$23.2B
2024$23.4B
2025$22.6B
PeriodRevenueGrowthNet incomeFCF
2020$9.9B-42%-$605M$1.5B
2021$19.7B+99%$4.7B$4.9B
2022$29.5B+50%$7.8B$6.1B
2023$23.2B-21%$7.6B$5.2B
2024$23.4B+1%$6.4B$5.8B
2025$22.6B-3%$5B$3.9B
PeriodGross marginOperating marginNet marginROEROA
2020+50.2%-5.5%-6.1%-3.0%-1.7%
2021+72.8%+31.0%+23.7%+21.0%+12.2%
2022+83.5%+33.8%+26.3%+31.3%+18.8%
2023+78.7%+41.4%+32.8%+27.0%+17.3%
2024+75.7%+34.6%+27.4%+21.8%+13.6%
2025+68.1%+35.1%+22.1%+16.7%+9.6%
PeriodCashDebtNet debtCurrent ratio
2020$3.3B$6.8B$3.4B1.69
2021$5.2B$5.9B$698M2.12
2022$6B$6B-$14M1.90
2023$5.3B$4.2B-$1.1B2.44
2024$7.1B$5.1B-$2B2.10
2025$3.4B$8.4B$5B1.63
PeriodMarket capEnterprise valueP/SP/E
2020$28.9B$32.3B2.9-48.0
2021$51.6B$52.3B2.611.1
2022$75.5B$75.5B2.69.7
2023$70.3B$69.2B3.09.3
2024$69.4B$67.4B3.010.8
2025$56.6B$61.6B2.511.5
Q3 2024$5.9B
Q4 2024$5.7B
Q1 2025$5.8B
Q2 2025$5.4B
Q3 2025$5.7B
Q4 2025$5.6B
Q1 2026$6.8B
Q2 2026$8.6B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$5.9B-4%$1.7B$2.1B
Q4 2024$5.7B-6%$1.3B$1.4B
Q1 2025$5.8B0%$1.5B$806M
Q2 2025$5.4B-11%$1.3B$239M
Q3 2025$5.7B-2%$1.5B$1.4B
Q4 2025$5.6B0%$701M$1.1B
Q1 2026$6.8B+16%$2B$1.3B
Q2 2026$8.6B+61%$2.7B$2.9B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+68.2%+35.6%+28.5%+5.7%+3.6%
Q4 2024+97.7%+28.2%+22.1%+4.3%+2.7%
Q1 2025+68.3%+31.8%+25.0%+5.0%+3.1%
Q2 2025+64.4%+32.6%+25.1%+4.6%+2.9%
Q3 2025+61.8%+32.0%+25.7%+4.9%+2.8%
Q4 2025+77.8%+44.1%+12.4%+2.3%+1.4%
Q1 2026+79.3%+38.4%+29.3%+6.4%+3.7%
Q2 2026+63.6%+40.9%+31.6%+8.5%+5.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$6.1B$4.1B-$2B2.31
Q4 2024$7.1B$5.1B-$2B2.10
Q1 2025$6.6B$5.1B-$1.5B1.87
Q2 2025$5.2B$4.6B-$620M1.79
Q3 2025$3.5B$8.1B$4.6B1.62
Q4 2025$3.4B$8.4B$5B1.63
Q1 2026$3.8B$8.3B$4.5B1.72
Q2 2026$4.9B$8.3B$3.3B1.85
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$69.3B$67.3B11.810.3
Q4 2024$68.3B$66.3B12.113.6
Q1 2025$70.5B$69B12.112.1
Q2 2025$64.9B$64.3B12.112.1
Q3 2025$60.7B$65.3B10.610.3
Q4 2025$56.6B$61.6B10.020.2
Q1 2026$76.9B$81.4B11.49.7
Q2 2026$68.2B$71.6B7.96.3

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$8.6BQ2 2026
$2.2B$4.3B$6.5B$8.6BQ3 2023: $6.1BQ4 2023: $6BQ1 2024: $5.8BQ2 2024: $6BQ3 2024: $5.9BQ4 2024: $5.7BQ1 2025: $5.8BQ2 2025: $5.4BQ3 2025: $5.7BQ4 2025: $5.6BQ1 2026: $6.8BQ2 2026: $8.6BQ3 2023Q2 2026
Net income$2.7BQ2 2026
$681M$1.4B$2B$2.7BQ3 2023: $2BQ4 2023: $2BQ1 2024: $1.8BQ2 2024: $1.7BQ3 2024: $1.7BQ4 2024: $1.3BQ1 2025: $1.5BQ2 2025: $1.3BQ3 2025: $1.5BQ4 2025: $701MQ1 2026: $2BQ2 2026: $2.7BQ3 2023Q2 2026
EBITDA$4.8BQ2 2026
$1.2B$2.4B$3.6B$4.8BQ3 2023: $3.5BQ4 2023: $3.5BQ1 2024: $3.4BQ2 2024: $3.2BQ3 2024: $3.2BQ4 2024: $2.7BQ1 2025: $2.9BQ2 2025: $2.9BQ3 2025: $3.1BQ4 2025: $2.4BQ1 2026: $3.8BQ2 2026: $4.8BQ3 2023Q2 2026
Free cash flow$2.9BQ2 2026
$721.8M$1.4B$2.2B$2.9BQ3 2023: $1.2BQ4 2023: $1.6BQ1 2024: $1.1BQ2 2024: $1.2BQ3 2024: $2.1BQ4 2024: $1.4BQ1 2025: $806MQ2 2025: $239MQ3 2025: $1.4BQ4 2025: $1.1BQ1 2026: $1.3BQ2 2026: $2.9BQ3 2023Q2 2026
EPS$5.15Q2 2026
$1.29$2.58$3.86$5.15Q3 2023: $3.48Q4 2023: $3.42Q1 2024: $3.1Q2 2024: $2.95Q3 2024: $2.95Q4 2024: $2.23Q1 2025: $2.65Q2 2025: $2.46Q3 2025: $2.7Q4 2025: $1.3Q1 2026: $3.7Q2 2026: $5.15Q3 2023Q2 2026
Cash / Debt$4.9BQ2 2026
$2.1B$4.2B$6.3B$8.4BQ3 2023 · Cash: $5.3BQ3 2023 · Debt: $4.1BQ4 2023 · Cash: $5.3BQ4 2023 · Debt: $4.2BQ1 2024 · Cash: $5.3BQ1 2024 · Debt: $4.1BQ2 2024 · Cash: $5.4BQ2 2024 · Debt: $4.1BQ3 2024 · Cash: $6.1BQ3 2024 · Debt: $4.1BQ4 2024 · Cash: $7.1BQ4 2024 · Debt: $5.1BQ1 2025 · Cash: $6.6BQ1 2025 · Debt: $5.1BQ2 2025 · Cash: $5.2BQ2 2025 · Debt: $4.6BQ3 2025 · Cash: $3.5BQ3 2025 · Debt: $8.1BQ4 2025 · Cash: $3.4BQ4 2025 · Debt: $8.4BQ1 2026 · Cash: $3.8BQ1 2026 · Debt: $8.3BQ2 2026 · Cash: $4.9BQ2 2026 · Debt: $8.3BQ3 2023Q2 2026
CashDebt
Profitability+63.6%Q2 2026
+24.4%+48.8%+73.2%+97.7%Q3 2023 · Gross margin: +72.6%Q4 2023 · Gross margin: +75.4%Q1 2024 · Gross margin: +67.7%Q2 2024 · Gross margin: +70.2%Q3 2024 · Gross margin: +68.2%Q4 2024 · Gross margin: +97.7%Q1 2025 · Gross margin: +68.3%Q2 2025 · Gross margin: +64.4%Q3 2025 · Gross margin: +61.8%Q4 2025 · Gross margin: +77.8%Q1 2026 · Gross margin: +79.3%Q2 2026 · Gross margin: +63.6%Q3 2023 · Operating margin: +41.8%Q4 2023 · Operating margin: +41.5%Q1 2024 · Operating margin: +38.9%Q2 2024 · Operating margin: +35.3%Q3 2024 · Operating margin: +35.6%Q4 2024 · Operating margin: +28.2%Q1 2025 · Operating margin: +31.8%Q2 2025 · Operating margin: +32.6%Q3 2025 · Operating margin: +32.0%Q4 2025 · Operating margin: +44.1%Q1 2026 · Operating margin: +38.4%Q2 2026 · Operating margin: +40.9%Q3 2023 · Net margin: +33.2%Q4 2023 · Net margin: +33.0%Q1 2024 · Net margin: +30.7%Q2 2024 · Net margin: +28.0%Q3 2024 · Net margin: +28.5%Q4 2024 · Net margin: +22.1%Q1 2025 · Net margin: +25.0%Q2 2025 · Net margin: +25.1%Q3 2025 · Net margin: +25.7%Q4 2025 · Net margin: +12.4%Q1 2026 · Net margin: +29.3%Q2 2026 · Net margin: +31.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+61.0%Q2 2026
+6.9%+24.9%+42.9%+61.0%Q3 2024: -4.1%Q4 2024: -6.3%Q1 2025: +0.1%Q2 2025: -11.2%Q3 2025: -2.3%Q4 2025: -0.2%Q1 2026: +15.7%Q2 2026: +61.0%Q3 2023Q2 2026
Shares outstanding529MQ2 2026
145.8M291.5M437.3M583MQ3 2023: 583MQ4 2023: 581MQ1 2024: 577MQ2 2024: 572MQ3 2024: 568MQ4 2024: 561MQ1 2025: 553MQ2 2025: 546MQ3 2025: 544MQ4 2025: 539.2MQ1 2026: 535MQ2 2026: 529MQ3 2023Q2 2026
Valuation6.3Q2 2026
5.010.115.120.2Q3 2023 · P/E: 9.0Q4 2023 · P/E: 8.8Q1 2024 · P/E: 10.4Q2 2024 · P/E: 10.7Q3 2024 · P/E: 10.3Q4 2024 · P/E: 13.6Q1 2025 · P/E: 12.1Q2 2025 · P/E: 12.1Q3 2025 · P/E: 10.3Q4 2025 · P/E: 20.2Q1 2026 · P/E: 9.7Q2 2026 · P/E: 6.3Q3 2023 · P/S: 12.0Q4 2023 · P/S: 11.6Q1 2024 · P/S: 12.8Q2 2024 · P/S: 11.9Q3 2024 · P/S: 11.8Q4 2024 · P/S: 12.1Q1 2025 · P/S: 12.1Q2 2025 · P/S: 12.1Q3 2025 · P/S: 10.6Q4 2025 · P/S: 10.0Q1 2026 · P/S: 11.4Q2 2026 · P/S: 7.9Q3 2023Q2 2026
P/EP/S
Revenue$22.6B2025
$7.4B$14.7B$22.1B$29.5B2018: $17.2B2019: $16.9B2020: $9.9B2021: $19.7B2022: $29.5B2023: $23.2B2024: $23.4B2025: $22.6B20182025
Net income$5B2025
$1.5B$3.6B$5.7B$7.8B2018: $3.4B2019: $2.7B2020: -$605M2021: $4.7B2022: $7.8B2023: $7.6B2024: $6.4B2025: $5B20182025
EBITDA$11.3B2025
$3.4B$6.8B$10.2B$13.6B2018: $7.9B2019: $7.5B2020: $2.9B2021: $9.8B2022: $13.6B2023: $13.3B2024: $12.5B2025: $11.3B20182025
Free cash flow$3.9B2025
$1.5B$3B$4.6B$6.1B2018: $1.7B2019: $1.7B2020: $1.5B2021: $4.9B2022: $6.1B2023: $5.2B2024: $5.8B2025: $3.9B20182025
EPS$9.112025
$2.53$6.09$9.66$13.22018: $5.892019: $4.712020: -$1.042021: $7.992022: $13.22023: $132024: $11.32025: $9.1120182025
Cash / Debt$3.4B2025
$2.1B$4.2B$6.3B$8.4B2018 · Cash: $1.6B2018 · Debt: $6.1B2019 · Cash: $2B2019 · Debt: $5.5B2020 · Cash: $3.3B2020 · Debt: $6.8B2021 · Cash: $5.2B2021 · Debt: $5.9B2022 · Cash: $6B2022 · Debt: $6B2023 · Cash: $5.3B2023 · Debt: $4.2B2024 · Cash: $7.1B2024 · Debt: $5.1B2025 · Cash: $3.4B2025 · Debt: $8.4B20182025
CashDebt
Profitability+68.1%2025
+16.3%+38.7%+61.1%+83.5%2018 · Gross margin: +70.0%2019 · Gross margin: +67.0%2020 · Gross margin: +50.2%2021 · Gross margin: +72.8%2022 · Gross margin: +83.5%2023 · Gross margin: +78.7%2024 · Gross margin: +75.7%2025 · Gross margin: +68.1%2018 · Operating margin: +26.0%2019 · Operating margin: +21.8%2020 · Operating margin: -5.5%2021 · Operating margin: +31.0%2022 · Operating margin: +33.8%2023 · Operating margin: +41.4%2024 · Operating margin: +34.6%2025 · Operating margin: +35.1%2018 · Net margin: +19.9%2019 · Net margin: +16.1%2020 · Net margin: -6.1%2021 · Net margin: +23.7%2022 · Net margin: +26.3%2023 · Net margin: +32.8%2024 · Net margin: +27.4%2025 · Net margin: +22.1%20182025
Gross marginOperating marginNet margin
Revenue growth-3.5%2025
-6.5%+28.7%+64.0%+99.2%2019: -1.4%2020: -41.7%2021: +99.2%2022: +49.9%2023: -21.4%2024: +0.8%2025: -3.5%20182025
Shares outstanding539.2M2025
146.8M293.5M440.3M587M2018: 580.4M2019: 580.8M2020: 578.9M2021: 584M2022: 587M2023: 584M2024: 569M2025: 539.2M20182025
Valuation11.52025
-31.5-15.11.317.72018 · P/E: 14.72019 · P/E: 17.72020 · P/E: -48.02021 · P/E: 11.12022 · P/E: 9.72023 · P/E: 9.32024 · P/E: 10.82025 · P/E: 11.52018 · P/S: 2.92019 · P/S: 2.92020 · P/S: 2.92021 · P/S: 2.62022 · P/S: 2.62023 · P/S: 3.02024 · P/S: 3.02025 · P/S: 2.520182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202616.89$28.2B+25%16
FY 202714.67$26.1B+15%17
FY 202814.78$25.8B+14%9
FY 202914.82$24.6B+9%3
FY 203015.57$25.1B+11%3
Q1 20273.88$6.6B-2%6

Company events

6
2026-11-05EarningsActual - / Estimate 4.04-
2026-10-16Dividend$1.02-
2026-08-04EarningsActual 5.07 / Estimate 4.97Beat
2026-07-17Dividend$1.02-
2026-05-05EarningsActual 3.41 / Estimate 3.23Beat
2026-04-16Dividend$1.02-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
SLB$75.9B2.124.6+8.5%1BE$78.2B25.1317.8+7.9%24OXY$58.5B2.38.8+28.8%2LNG$56.2B2.519.9+13.1%1VLO$119B0.917.1+5.4%1VG$34.2B2.010.3+21.5%2MPC$124B0.814.6+5.6%1YPF$21.5B1.1-54.6-3.1%1

Analyst track record

How the analysts covering EOG have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings181542
Analysts3643
Buy / hold / sell75 / 106 / 0267 / 275 / 0
Upgrades / downgrades / initiations0 / 4 / 43 / 15 / 10
Price targets hit / missed91 / 84 (52%)272 / 239 (53%)
Avg. return after a rating (TipRanks)+0.2%+0.5%
Best / worst call+32.3% / -26.9%+32.3% / -26.9%

After buy calls on this stock: median 21-day move +0.6% vs S&P 500 -2.4% (n = 270)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Scott HanoldRBC Capital70% hit rate on this stock · 10 targets measuredBuytarget $175Aug 20, 2026
  2. Roger ReadWells Fargo50% hit rate on this stock · 12 targets measuredBuytarget $127Jan 27, 2026
  3. Stephen RichardsonEvercore ISI50% hit rate on this stock · 10 targets measuredBuytarget $170Aug 5, 2026

Latest ratings

DateAnalystCallTarget
Sep 17, 2026John FreemanRaymond JamesBuyMaintained$186article ↗
Sep 17, 2026John FreemanRaymond JamesBuyMaintained$186article ↗
Sep 15, 2026Josh SilversteinUBSBuyReiterated$183article ↗
Sep 14, 2026Josh SilversteinUBSBuyMaintained$183article ↗
Sep 10, 2026Betty JiangBarclaysHoldMaintained$147article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$110$120$130$140$150$160Oct 25 · Buy 14 · Hold 15 · Sell 0Oct 25Nov 25 · Buy 15 · Hold 14 · Sell 0Dec 25 · Buy 16 · Hold 14 · Sell 0Dec 25Jan 26 · Buy 13 · Hold 15 · Sell 0Feb 26 · Buy 10 · Hold 14 · Sell 0Feb 26Mar 26 · Buy 9 · Hold 16 · Sell 0Apr 26 · Buy 10 · Hold 16 · Sell 0Apr 26May 26 · Buy 10 · Hold 16 · Sell 0Jun 26 · Buy 10 · Hold 16 · Sell 0Jun 26Jul 26 · Buy 10 · Hold 16 · Sell 0Aug 26 · Buy 11 · Hold 16 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 18 · Sell 0Oct 25 · avg. target $141Nov 25 · avg. target $141Dec 25 · avg. target $140Jan 26 · avg. target $136Feb 26 · avg. target $134Mar 26 · avg. target $145Apr 26 · avg. target $148May 26 · avg. target $152Jun 26 · avg. target $152Jul 26 · avg. target $154Aug 26 · avg. target $159Sep 26 · avg. target $160Oct 25 · month-end close $106Nov 25 · month-end close $108Dec 25 · month-end close $105Jan 26 · month-end close $112Feb 26 · month-end close $124Mar 26 · month-end close $145Apr 26 · month-end close $141May 26 · month-end close $133Jun 26 · month-end close $130Jul 26 · month-end close $149Aug 26 · month-end close $145Sep 26 · month-end close $145

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 181 ratings