EOG Resources, Inc. (EOG) Income Statement
EOG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEOG revenue and net income
Where EOG's revenue goes
2025Each bar shows an amount and its share of revenue. EOG kept 22.0% of revenue as net income.
EOG profit margins
EOG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.1% | −8.4% | +18.1% | +10.1% |
| Gross profit | −20.6% | −17.1% | +23.2% | +13.3% |
| Operating income | −21.0% | −13.8% | — | — |
| Net income | −22.2% | −13.7% | — | — |
| EPS (diluted) | −12.4% | −9.6% | +47.4% | +67.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EOG quarterly EPS vs estimates
EOG Resources beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $4.39).
EOG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.65B | $23.38B | $23.18B | $29.49B | $19.67B | $9.87B | $16.94B | $17.18B | $11.21B | $7.46B |
| Cost of revenue | $8.60B | $5.68B | $4.95B | $4.87B | $5.34B | $4.92B | $5.60B | $5.16B | $4.60B | $4.60B |
| Gross profit | $14.05B | $17.70B | $18.24B | $24.62B | $14.32B | $4.95B | $11.35B | $12.02B | $6.60B | $2.86B |
| Research & development | — | — | — | — | $154.0M | $42.0M | — | $0 | $0 | $0 |
| Sales, general & admin | $1.10B | $6.39B | $6.35B | $7.11B | $4.68B | $3.18B | $5.84B | $5.63B | $3.76B | $2.40B |
| Total operating expenses | $7.67B | $9.62B | $8.63B | $14.65B | $8.22B | $5.50B | $7.65B | $7.55B | $5.68B | $4.08B |
| Operating income | $6.38B | $8.08B | $9.60B | $9.97B | $6.10B | −$544.0M | $3.70B | $4.47B | $926.4M | −$1.23B |
| Interest income | $210.0M | $277.0M | $240.0M | $179.0M | $178.0M | $205.3M | $185.1M | $245.1M | $274.4M | $281.7M |
| Interest expense | $220.0M | $138.0M | $148.0M | $179.0M | $178.0M | $205.0M | $185.0M | $245.1M | $274.4M | $281.7M |
| Income before taxes | $6.36B | $8.22B | $9.69B | $9.90B | $5.93B | −$739.0M | $3.54B | $4.24B | $661.2M | −$1.56B |
| Income taxes | $1.38B | $1.81B | $2.10B | $2.14B | $1.27B | −$134.0M | $810.0M | $822.0M | −$1.92B | −$460.8M |
| Net income | $4.98B | $6.40B | $7.59B | $7.76B | $4.66B | −$605.0M | $2.73B | $3.42B | $2.58B | −$1.10B |
| EBITDA | $11.72B | $12.46B | $13.33B | $13.62B | $9.76B | $2.87B | $7.48B | $7.92B | $4.34B | $2.28B |
| EPS (diluted) | $10.17 | $11.61 | $11.69 | $13.75 | $8.60 | $1.46 | $4.98 | $5.55 | $1.11 | −$1.62 |
| Gross margin | 62.0% | 75.7% | 78.7% | 83.5% | 72.8% | 50.2% | 67.0% | 70.0% | 58.9% | 38.3% |
| Operating margin | 28.2% | 34.6% | 41.4% | 33.8% | 31.0% | −5.5% | 21.8% | 26.0% | 8.3% | −16.4% |
| Net margin | 22.0% | 27.4% | 32.8% | 26.3% | 23.7% | −6.1% | 16.1% | 19.9% | 23.0% | −14.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.62B | $6.76B | $5.64B | $5.73B | $5.36B | $5.84B | $5.65B | $5.87B | $6.03B | $5.83B | $6.03B | $6.11B |
| Cost of revenue | $1.67B | $1.40B | $1.25B | $2.19B | $1.90B | $1.85B | $132.0M | $1.87B | $1.80B | $1.88B | $1.49B | $1.67B |
| Gross profit | $6.95B | $5.36B | $4.39B | $3.54B | $3.45B | $3.99B | $5.52B | $4.00B | $4.23B | $3.95B | $4.54B | $4.44B |
| Sales, general & admin | $2.16B | $1.57B | $265.9M | $1.37B | $1.40B | $1.50B | $1.51B | $1.67B | $1.64B | $1.57B | $1.70B | $1.54B |
| Total operating expenses | $3.42B | $2.76B | $1.90B | $1.71B | $1.70B | $2.13B | $3.93B | $1.91B | $2.10B | $1.68B | $2.04B | $1.88B |
| Operating income | $3.53B | $2.60B | $2.49B | $1.84B | $1.75B | $1.86B | $1.59B | $2.09B | $2.13B | $2.27B | $2.50B | $2.56B |
| Interest income | — | — | $37.0M | $71.0M | $51.0M | $47.0M | $38.0M | $31.0M | — | — | — | $36.0M |
| Interest expense | $67.0M | $66.0M | $51.0M | $71.0M | $51.0M | $47.0M | $38.0M | $31.0M | $36.0M | $33.0M | $35.0M | $36.0M |
| Income before taxes | $3.50B | $2.56B | $887.3M | $1.82B | $1.75B | $1.88B | $1.62B | $2.13B | $2.16B | $2.30B | $2.54B | $2.57B |
| Income taxes | $775.0M | $575.0M | $186.3M | $353.0M | $406.0M | $414.0M | $373.0M | $461.0M | $470.0M | $511.0M | $547.0M | $543.0M |
| Net income | $2.72B | $1.98B | $701.0M | $1.47B | $1.34B | $1.46B | $1.25B | $1.67B | $1.69B | $1.79B | $1.99B | $2.03B |
| EBITDA | $4.83B | $3.81B | $2.16B | $3.06B | $2.85B | $2.94B | $2.68B | $3.20B | $3.18B | $3.41B | $3.50B | $3.51B |
| EPS (diluted) | $5.07 | $3.41 | $2.27 | $2.71 | $2.32 | $2.87 | $2.74 | $2.89 | $3.16 | $2.82 | $3.07 | $3.44 |
| Gross margin | 80.6% | 79.3% | 77.8% | 61.8% | 64.4% | 68.3% | 97.7% | 68.2% | 70.2% | 67.7% | 75.4% | 72.6% |
| Operating margin | 40.9% | 38.4% | 44.1% | 32.0% | 32.6% | 31.8% | 28.2% | 35.6% | 35.3% | 38.9% | 41.5% | 41.8% |
| Net margin | 31.6% | 29.3% | 12.4% | 25.7% | 25.1% | 25.0% | 22.1% | 28.5% | 28.0% | 30.7% | 33.0% | 33.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EOG's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EOG financial results
In fiscal year 2025 (ended December 31, 2025), EOG Resources reported revenue of $22.7 billion, down 3.1% from the year before. It had net income of $5.0 billion (down 22.2%), a net profit margin of 22.0%. Diluted earnings per share came to $10.17. Over five years revenue grew at an average rate of 18.1% a year.
See the EOG stock overview for the latest quote and news, or the EOG chart for price history and technical indicators.
EOG income statement FAQ
What is EOG Resources's annual revenue?
EOG Resources reported total revenue of $22.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.1% from $23.4 billion the previous year.
Is EOG Resources profitable?
Yes. EOG Resources reported net income of $5.0 billion in fiscal 2025, a net profit margin of 22.0%; its operating margin was 28.2%.
What is EOG Resources's gross margin?
EOG Resources's gross margin was 62.0% in fiscal 2025: for every $100 of revenue, EOG Resources kept $62 after the direct cost of its products and services.
How fast is EOG Resources growing?
Revenue grew 18.1% a year on average over the last five fiscal years, from $9.9 billion to $22.7 billion.
What are EOG Resources's earnings per share?
EOG Resources earned $10.17 per diluted share in fiscal 2025, compared with $11.61 a year earlier.
When will EOG Resources report its next earnings?
EOG Resources is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does EOG Resources's fiscal year end?
EOG Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.