EOG · 10-Q · 2026Q3 · Full report
Capital Expenditure Outlook
EOG RESOURCES INC · 2026-11-05 · Importance 60 · Surprise 24 · In source text
EOG estimated full-year 2026 exploration and development and other property, plant and equipment expenditures of $6.3 billion to $6.7 billion, excluding property acquisitions and specified other items. It planned to focus substantial spending in the Delaware Basin, Utica and Eagle Ford, where it expects the highest returns. Nine-month exploration and development expenditures were $5.079 billion, down $6.414 billion year over year, principally because 2025 included $6.785 billion more in property acquisitions, including the Encino acquisition. The 2026 nine-month total comprised $3.928 billion for development drilling and facilities, $818 million for exploration, $220 million for property acquisitions and $113 million for capitalized interest.
Key facts
- EOG plans 2026 capital expenditures of approximately $6.3 billion to $6.7 billion, excluding property acquisitions, asset retirement costs, non-cash exchanges and transactions, and exploration costs incurred as operating expenses. source
- EOG's exploration and development and other property, plant and equipment expenditures for full-year 2026 were estimated at approximately $6.3 billion to $6.7 billion, excluding specified property acquisition, retirement-cost, noncash and operating-expense exploration items. source
- EOG's exploration and development expenditures for the first nine months of 2026 were $5,079 million, $6,414 million lower than the same period of 2025, primarily because property acquisitions decreased $6,785 million. source
- EOG's total expenditures for the first nine months of 2026 were $5,558 million, compared with $11,973 million for the first nine months of 2025. source
- EOG plans to focus a substantial portion of exploration and development expenditures in its major U.S. producing areas, with drilling focused on the Delaware Basin, Utica and Eagle Ford play. source
- EOG planned to spend part of its anticipated 2026 capital expenditures on leasing acreage and evaluating new prospects. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -9.8% | EOG's exploration and development and other property, plant and equipment expenditures for full-year 2026 were estimated at approximately… |