EOG · 8-K · 20260804PR000147

Operating Expense Trends

EOG RESOURCES INC · 2026-08-04 · Importance 57 · Surprise 38 · In source text

Second-quarter 2026 total operating expenses increased 36% year over year to $5.092 billion, compared with $3.731 billion in the second quarter of 2025. Marketing costs increased 60% to $1.950 billion, gathering, processing and transportation costs increased 49% to $676 million, and taxes other than income increased 43% to $431 million. Depreciation, depletion and amortization increased 20% to $1.259 billion, consistent with higher production and asset levels. General and administrative expense increased 15% to $213 million, while impairment expense declined to $19 million from $39 million.

Key facts

• 2Q 2026 Total Operating Expenses: $5,092 million source
• 2Q 2026 Depreciation, Depletion and Amortization (DD&A): $1,259 million source
• 2Q 2026 Lease and Well expense: $467 million source
• 2Q 2026 Gathering, Processing and Transportation Costs: $676 million source
• Effective January 1, 2024, EOG combined Transportation Costs and Gathering and Processing Costs into one line item titled Gathering, Processing and Transportation Costs. source
• G&A (Non-GAAP) for fiscal year 2025 excludes costs related to the Encino acquisition, as reflected in the accompanying reconciliation schedules. source
• The per-Boe impact of acquisition-related costs and consulting fees on G&A and total Cash Operating Costs for fiscal year 2025, 2024 and 2022 was $(0.19), $(0.02) and $(0.05), respectively. source
• 2Q 2026 Composite Average Operating Expenses per Boe: $39.69 source

Impact estimates