EOG Resources stock raises dividend after record Q3 output

Published on 11/11/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EOG Resources stock follows record oil, NGL and gas production in the third quarter. A higher payout and new gas plans support the outlook.

Record output expands shareholder returns

EOG Resources posted record oil, natural gas liquids and natural gas production for the third quarter.
Adjusted net income reached 2.54 billion US dollars, while free cash flow totaled 2.176 billion US dollars.
The company kept its 2026 capital spending guidance at 6.3 billion to 6.7 billion US dollars.
A new gas sales agreement and Janus processing expansion strengthen EOG's longer-term growth plans.

EOG Resources, US26875P1012, Illustration mit AI erstellt.

EOG Resources stock traded at 137.70 euros on Lang & Schwarz at 17:01 CET on Wednesday, November 11. The company posted record production across oil, natural gas liquids and natural gas for the third quarter ended September 30, according to ad-hoc-news.de.

Production supports stronger cash generation

Adjusted net income reached 2.54 billion US dollars, or 4.87 US dollars per share, compared with 1.47 billion US dollars, or 2.71 US dollars per share, in the prior-year quarter. Revenue rose to 8.55 billion US dollars from 5.85 billion US dollars, while GAAP net income reached 2.78 billion US dollars.

Total crude oil equivalent production increased to 1.433 million barrels per day from 1.301 million barrels per day a year earlier. Oil and condensate output reached 550.4 thousand barrels per day, NGL production totaled 357.1 thousand barrels per day and natural gas volumes came to 3.153 billion cubic feet per day. Each stream exceeded its quarterly guidance midpoint.

Operating cash flow totaled 3.813 billion US dollars and free cash flow reached 2.176 billion US dollars. EOG repurchased 7.0 million shares for 1.0 billion US dollars during the quarter and paid 544 million US dollars in regular dividends.

Dividend and gas strategy move forward

The board declared a regular quarterly dividend of 1.10 US dollars per share, payable on January 29, 2027, to shareholders of record on January 15. The indicated annual rate is 4.40 US dollars per share.

Management kept full-year 2026 capital spending guidance at 6.3 billion to 6.7 billion US dollars, with a midpoint of 6.5 billion US dollars. Total crude oil equivalent production is guided at 1.3932 million to 1.4250 million barrels per day for the year.

EOG also signed a long-term gas sales agreement linked to JKM pricing. The arrangement is intended to lift premium-priced LNG feedgas exposure above 1 billion cubic feet per day by 2030. The company additionally approved an expansion of its Janus gas processing plant in the Delaware Basin.