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Compared to Estimates, EOG Resources (EOG) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, EOG Resources (EOG - Free Report) reported revenue of $8.55 billion, up 46.2% over the same period last year. EPS came in at $4.87, compared to $2.71 in the year-ago quarter.

The reported revenue represents a surprise of +13.43% over the Zacks Consensus Estimate of $7.54 billion. With the consensus EPS estimate being $4.45, the EPS surprise was +9.44%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how EOG Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Crude Oil and Condensate Volumes per day - Total: 550.4 millions of barrels of oil per day versus 549.54 millions of barrels of oil per day estimated by eight analysts on average.
  • Natural Gas Liquids Volumes per day - Total: 357.1 millions of barrels of oil per day versus 344.86 millions of barrels of oil per day estimated by eight analysts on average.
  • Crude Oil Equivalent Volumes per day - Total: 1433.1 millions of barrels of oil equivalent per day versus 1414.31 millions of barrels of oil equivalent per day estimated by seven analysts on average.
  • Natural Gas Volumes per day - Total: 3153 millions of cubic feet per day compared to the 3107.25 millions of cubic feet per day average estimate based on six analysts.
  • Average Crude Oil and Condensate Prices per bbl - Composite: $86.72 versus $87.15 estimated by five analysts on average.
  • Average Natural Gas Liquids Prices per bbl - Composite: $26.13 compared to the $24.97 average estimate based on five analysts.
  • Average Natural Gas Prices per mcf - Composite: $3.74 compared to the $3.44 average estimate based on five analysts.
  • Revenues- Natural Gas: $1.09 billion versus $1.02 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +53.5% change.
  • Revenues- Crude Oil and Condensate: $4.39 billion compared to the $4.49 billion average estimate based on five analysts. The reported number represents a change of +35.4% year over year.
  • Revenues- Natural Gas Liquids: $858 million versus the five-analyst average estimate of $786.39 million. The reported number represents a year-over-year change of +42.1%.
  • Revenues- Gathering, Processing and Marketing: $1.85 billion compared to the $1.36 billion average estimate based on four analysts. The reported number represents a change of +56.7% year over year.
  • Revenues- Other, Net: $21 million versus $21.76 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +23.5% change.

View all Key Company Metrics for EOG Resources here>>>

Shares of EOG Resources have returned +2% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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