EOG · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

EOG RESOURCES INC · 2026-11-05 · Importance 64 · Surprise 56 · In source text

Third-quarter 2026 operating revenues rose 46% year over year to $8.549 billion; production sales increased 39% to $6.335 billion, gathering, processing and marketing revenue increased 57% to $1.846 billion, and asset dispositions generated $242 million of net gains versus $18 million of net losses a year earlier. Crude oil and condensate revenue increased 35% to $4.392 billion, driven by a $1.050 billion price contribution and $99 million from higher deliveries; the composite price rose 31% to $86.72 per barrel. NGL revenue rose 42% to $858 million, with deliveries up 15% and the composite price up 23% to $26.13 per barrel; natural gas revenue rose 53% to $1.085 billion, with deliveries up 15% and the composite price up 34% to $3.74 per Mcf. For the first nine months of 2026, operating revenue increased 42% to $24.090 billion, including production sales up 37% to $18.080 billion and gathering, processing and marketing revenue up 42% to $5.353 billion. Nine-month crude oil, NGL and natural gas revenue increased 35%, 34% and 50%, respectively, to $12.870 billion, $2.292 billion and $2.918 billion; crude oil deliveries increased 7%, NGL deliveries 28% and natural gas deliveries 31%.

Key facts

• EOG's gathering, processing and marketing revenues for the third quarter of 2026 increased $668 million, or 57%, to $1,846 million from $1,178 million in the third quarter of 2025. source
• EOG's total operating revenues for the third quarter of 2026 were $8,549 million, up $2,702 million or 46% from $5,847 million in the third quarter of 2025. source

Impact estimates