EOG · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

EOG RESOURCES INC · 2026-11-05 · Importance 69 · Surprise 64 · In source text

Net cash provided by operating activities increased $4.016 billion year over year to $11.448 billion for the first nine months of 2026. The increase primarily reflected $4.916 billion of higher production-sales revenue, $609 million less net cash paid for income taxes and $148 million of higher gathering, processing and marketing margins. These benefits were partly offset by $895 million of higher cash operating expenses, $374 million more cash used in working capital and other assets and liabilities, and $85 million of higher interest paid. Investing cash use was $4.685 billion, down $4.489 billion year over year, principally because the prior-year period included the $4.464 billion Encino acquisition and 2026 had higher asset-sale proceeds.

Key facts

• EOG's net cash provided by operating activities was $11,448 million for the first nine months of 2026, an increase of $4,016 million year over year. source
• EOG's net cash used in investing activities was $4,685 million for the first nine months of 2026, down $4,489 million from the year-earlier period, primarily because of the 2025 Encino acquisition ($4,464 million) and higher asset-sale proceeds ($373 million). source
• EOG's net cash used in financing activities was $4,412 million for the first nine months of 2026, including $2,780 million of share and other treasury-stock purchases and $1,628 million of dividends. source

Impact estimates