EOG Resources stock falls 1.76 percent after strong Q2 results

Published on 09/28/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EOG Resources stock traded at USD 140.35 on September 25, 2026, below its USD 154.16 52-week high. Raymond James lifted its target to USD 186.

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EOG Resources stock (ISIN US26875P1012) traded at USD 140.35 on the NYSE on September 25, 2026, down 1.76 percent from the previous close of USD 142.86. The decline came even as second-quarter 2026 revenue reached USD 8.62 billion and diluted GAAP earnings per share rose to USD 5.15.

Second-quarter earnings set a high bar

According to StockTitan, EOG reported USD 2.724 billion of net income and USD 3.528 billion of operating income for Q2 2026. Operating cash flow was USD 4.669 billion, while the company reported USD 2.799 billion in non-GAAP free cash flow.

The quarterly revenue figure was 57.4 percent above the prior-year period, and adjusted EPS of USD 5.07 exceeded the USD 5.01 consensus estimate, according to Zacks on September 25, 2026. That combination gives the stock a strong earnings reference point, but it also raises the comparison hurdle for the next report.

Raymond James raises its target

Raymond James maintained its Strong Buy rating and raised its EOG Resources price target from USD 183 to USD 186 on September 17, 2026, as shown on Yahoo Finance. The new target stands 32.56 percent above the September 25 share price.

The broader target average was USD 162.00, placing the Raymond James view USD 24.00 above that consensus figure. EOG's share price was 8.97 percent below its 52-week high of USD 154.16, while the 52-week low stood at USD 101.59.

Next checkpoint arrives in November

Yahoo Finance lists November 5, 2026, as EOG Resources' next earnings date. The company also has a USD 1.02 dividend with an October 16, 2026, ex-dividend date, giving investors two dated checkpoints after the September share-price decline.

EOG Resources had a market capitalization of USD 73.6 billion and volume of 2,660,830 shares on September 25, 2026. For investors, the key test is whether the Q2 earnings comparison can remain strong while the stock trades below both the Raymond James target and its yearly high.