EOG Resources: Q3 Earnings Snapshot

Truist Securities raised its price target on EOG Resources (NYSE:EOG) to $166 from $160, maintaining a Hold rating. The update follows the company's Q3 earnings report, which showed strong execution and growth prospects. EOG's stock trades at a P/E ratio of 11.6 and a PEG ratio of 0.46, with a current price of $147.80. The company reported Q3 2026 earnings of $4.87 per share on revenue of $8.55 billion, exceeding expectations.

EOG Resources Inc. stock rose 1.8% after reporting Q3 adjusted EPS of $4.87 (beating $4.41 estimate) and revenue of $8.55B (exceeding $7.13B estimate), up 46% YoY. The company increased its dividend by 8% and announced a new LNG supply agreement. Barclays raised its price target to $155. EOG's stock traded at $147.56.

Barclays kept EOG Resources at Equal-Weight but raised its price target to $155 from $147, suggesting a 7% upside from the Nov 5 close of $144.89. Recent analyst targets range from $144 to $187.

EOG Resources reported Q3 earnings per share of $4.87, missing estimates by $0.05, while revenue of $8.55B beat expectations by $920M. The company also provided Q4 and updated FY26 outlooks. Net cash from operations was $3.8B, with $2.2B in free cash flow.

EOG Resources reported Q3 2026 net income of $2.78B, up 89% YoY, driven by record production and higher commodity prices. Revenue rose 46% to $8.55B. The company increased its dividend by 8% to $1.10 per share and maintained strong cash flow. EOG also announced a new natural gas sales agreement and plant expansion. Full-year production guidance was reaffirmed.

EOG Resources (NYSE: EOG) reported Q3 EPS of $4.87, beating estimates by $0.46, with revenue of $8.55B, exceeding expectations of $7.13B. The stock is up 7.53% in 3 months and 37.99% in 12 months. InvestingPro rates its financial health as 'great performance'.