EOG Resources posts record Q3 2026 earnings, raises dividend and signs new gas sales deal
EOG Resources reported third‑quarter 2026 net income of $2.8 billion, or $5.33 per share, and adjusted earnings of $4.87 per share. Revenue rose 46% year‑over‑year to $8.55 billion. The board increased the regular quarterly dividend 8% to $1.10 per share and repurchased $1.0 billion of stock. The company also announced a long‑term natural‑gas sales agreement linked to the Japan‑Korea Marker (JKM) and approved expansion of its Janus gas processing plant.
Why it matters
EOG said the dividend increase reflects confidence in its cash‑flow generation and ability to sustain shareholder returns. Barclays raised its price target on the stock to $155, indicating analyst support for the earnings beat and strategic initiatives.
Key facts
- 1Net income was $2.8 billion, or $5.33 per share. prnewswire.com
- 2Adjusted earnings were $4.87 per share. finance.yahoo.com
- 3Total revenue was $8.55 billion. prnewswire.com
- 4The regular quarterly dividend was increased 8% to $1.10 per share. prnewswire.com
- 5The company repurchased $1.0 billion of shares during the quarter. prnewswire.com
- 6EOG entered a new long‑term natural‑gas sales agreement linked to JKM pricing, targeting over 1 billion cubic feet per day by 2030. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.