EOG Resources' second quarter revenue of $8.62B beat estimates, driven by a 24.4% surge in production.

EOG Resources reported second quarter 2026 revenue of $8.62 billion and diluted EPS of $5.15, beating consensus estimates. The strong results were primarily driven by higher-than-expected production volumes and favorable commodity pricing.

Key Highlights

• Total daily crude oil equivalent production increased 24.4% year-over-year to 1,410.4 thousand barrels of oil equivalent per day (MBoed).
• The company generated $2.89 billion in free cash flow during the quarter.
• EOG repurchased $1.3 billion of its common stock, executing on its recently expanded share buyback authorization.