EOG Resources (EOG) reported net income of $2.8 billion ($2,781 million) in the third quarter of 2026, versus $1.5 billion ($1,471 million) in the same period of 2025. Diluted earnings per share (EPS) were $5.33, compared with $2.70 a year earlier. Adjusted net income (non-GAAP, excludes items such as gains on derivatives and asset sales) was $2.5 billion ($2,540 million), or $4.87 per diluted share.
Total operating revenue came to $8.5 billion ($8,549 million), versus $5.8 billion ($5,847 million) in 3Q25. Operating income was $3.6 billion ($3,586 million), compared with $1.8 billion ($1,836 million) in 3Q25. Revenue includes $242 million in gains from asset sales.
Total production was 1,433.1 thousand barrels of oil equivalent per day, versus 1,301.2 thousand in 3Q25. The average oil price was $86.72 per barrel, compared with $65.95 in 3Q25.
Operating cash flow was $3.8 billion ($3,813 million). Adjusted free cash flow (non-GAAP) was $2.2 billion ($2,176 million), after capital expenditures of $1.6 billion ($1,597 million). During the quarter, the company paid $544 million in dividends, with a declared dividend of $1.02 per share, and spent $1.1 billion ($1,063 million) on share repurchases (buyback).
As of September 30, 2026, cash was $5.7 billion ($5,747 million) and total debt was $7.9 billion ($7,922 million). Adjusted net debt (non-GAAP) was $2.2 billion ($2,175 million), versus $4.2 billion ($4,164 million) as of September 30, 2025.
