EOG · 8-K · 20260804PR000147
Margin Drivers
EOG RESOURCES INC · 2026-08-04 · Importance 69 · Surprise 64
Second-quarter 2026 operating income increased to $3.528 billion from $1.747 billion in the second quarter of 2025 and $2.598 billion in the first quarter of 2026. Operating income margin expanded to 40.9% from 31.9% year over year, primarily reflecting higher realized commodity prices and production volumes. Composite revenue from crude oil, NGLs and natural gas increased to $50.52 per Boe from $39.80 per Boe year over year, while composite operating income increased to $27.50 per Boe from $16.93 per Boe. The GAAP composite margin including exploration costs increased to $25.51 per Boe from $14.94 per Boe in the prior-year quarter.