EOG · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

EOG RESOURCES INC · 2026-08-04 · Importance 69 · Surprise 64 · Matches filing data

Second-quarter 2026 operating revenues increased 57% year over year to $8,620 million, while production sales increased 58% to $6,483 million.,Crude oil and condensate revenue increased 65% to $4,901 million, driven by a $1,667 million benefit from a 51% higher composite price of $98.15 per barrel and a $260 million benefit from 9% higher deliveries.,NGL revenue increased 44% to $770 million on 34% higher deliveries, while natural gas revenue increased 35% to $812 million on 39% higher deliveries despite a 2% decline in composite natural gas prices.,For the first six months of 2026, operating revenues rose 39% to $15,541 million, including 35% growth in crude oil and condensate revenue, 30% growth in NGL revenue and 48% growth in natural gas revenue.

Key facts

• During Q2 2026, crude oil and condensate revenues increased $1,927 million, or 65%, to $4,901 million from $2,974 million for Q2 2025 due to higher composite average price ($1,667 million) and an increase of 44.6 MBbld in deliveries ($260 million). source
• Total operating revenues for the second quarter of 2026 were $8,620 million, an increase of $3,142 million, or 57%, from $5,478 million for the second quarter of 2025. source
• Total revenues from sales of EOG's production for Q2 2026 were $6,483 million, an increase of $2,375 million, or 58%, from $4,108 million for Q2 2025. source
• Gathering, processing and marketing revenues for Q2 2026 were $2,011 million, an increase of $764 million, or 61%, from $1,247 million for Q2 2025. source
• NGL revenues for Q2 2026 increased $236 million, or 44%, to $770 million from $534 million for Q2 2025, due to an increase of 88.4 MBbld in NGL deliveries ($182 million) and a higher composite average price ($54 million). source
• Natural gas revenues for Q2 2026 increased $212 million, or 35%, to $812 million from $600 million for Q2 2025 due to an increase of 860 MMcfd, or 39%, in natural gas deliveries ($232 million), partially offset by a lower composite average price ($20 million). source
• Composite crude oil and condensate price for Q2 2026 was $98.15 per barrel, up 51% from $64.82 per barrel for Q2 2025. source
• EOG recognized net gains on the mark-to-market of financial commodity and other derivative contracts of $40 million in Q2 2026 compared to net gains of $107 million in Q2 2025; the $40 million included $11 million related to the Brent linked gas sales contract. source

Impact estimates