EOG · 8-K · 20261105PR000226

Impairment Charges

EOG RESOURCES INC · 2026-11-05 · Importance 67 · Surprise 82

EOG reported $843 million of GAAP impairments in fiscal 2025, up from $391 million in fiscal 2024. Fiscal 2025 non-GAAP impairments were $186 million after excluding $657 million of impairments, primarily write-downs of natural gas and crude oil assets in the Barnett Shale and Woodford Oil Window. The company attributed those write-downs mainly to play-specific economics and resource allocation.

Key facts

• EOG's fiscal year 2025 non-GAAP impairments exclude $657 million of impairments, primarily related to write-downs to fair value of natural gas and crude oil assets in the Barnett Shale and Woodford Oil Window, mainly driven by play-specific economics and resource allocation. source
• EOG's fiscal year 2024 non-GAAP impairments exclude $291 million of impairments, primarily related to write-downs to fair value of natural gas and crude oil assets in the Rocky Mountain area. source
• GAAP impairment expenses across the five displayed periods were $843 million, $391 million, $202 million, $382 million, and $376 million. source
• Impairments excluding certain impairments (Non-GAAP) across the five displayed periods were $186 million, $100 million, $160 million, $269 million, and $361 million. source
• EOG's impairment expense was $24 million in 3Q 2026, compared with $19 million in 2Q 2026. source
• EOG excludes certain impairments attributable to commodity-price declines, sales of certain oil and gas properties, or certain other events or decisions from its non-GAAP impairment measure. source