How does EOG Resources (EOG) make money?

EOG Resources (EOG) generates revenue primarily from Oil and Condensate, which accounted for 60.6% of total revenue in TTM through Q1 2026. The company reported $23.5B in revenue and converted 23.4% of it into net profit, equivalent to roughly $5.5B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of EOG Resources (EOG)?

EOG Resources (EOG) reported a gross profit margin of 71.3% in TTM through Q1 2026, equivalent to $16.7B in gross profit on $23.5B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of EOG Resources (EOG)?

EOG Resources (EOG) reported an operating profit margin of 36.9% in TTM through Q1 2026, equivalent to $8.67B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of EOG Resources (EOG)?

EOG Resources (EOG) reported a net profit margin of 23.4% in TTM through Q1 2026, equivalent to $5.5B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is EOG Resources (EOG) profitable?

Yes. EOG Resources (EOG) reported $5.5B in net income for TTM through Q1 2026, with a net profit margin of 23.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does EOG Resources (EOG) spend on capital expenditures?

EOG Resources (EOG) spent $6.64B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 28.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does EOG Resources (EOG) generate?

EOG Resources (EOG) generated $4.08B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 17.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of EOG Resources (EOG)?

EOG Resources (EOG) had an effective tax rate of 21.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of EOG Resources (EOG)?

EOG Resources (EOG) reports revenue across 4 reportable product segments, led by Oil and Condensate at 60.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does EOG Resources (EOG) generate most of its revenue?

UNITED STATES is the largest geographic market for EOG Resources (EOG), accounting for 98.4% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How EOG Resources Makes Money: 2026 Visual Revenue Map

EOG Resources (EOG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

EOG Resources (EOG) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for EOG Resources (EOG), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Oil and Condensate	$14.2B	60.6%
Natural Gas, Gathering, Transportation, Marketing and Processing	$5.64B	24%
Natural Gas, Production	$3.53B	15%
Other, Net	$80.1M	0.3%
Total	$23.5B	100%

Oil and Condensate$14.2B
Natural Gas, Gathering, Transportation, Marketing and Processing$5.64B
Natural Gas, Production$3.53B
Other, Net$80.1M
Total$23.5B

EOG Resources (EOG) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for EOG Resources (EOG), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$23.5B	98.4%
TRINIDAD AND TOBAGO	$368M	1.5%
Other International	$8M	0%
Total	$23.9B	100%

UNITED STATES
TRINIDAD AND TOBAGO
Other International
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, EOG Resources (EOG) reports revenue across 4 reportable product segments; the largest segment was Oil and Condensate at 60.6%, followed by Natural Gas, Gathering, Transportation, Marketing and Processing (24%) and Natural Gas, Production (15%). Geographically, UNITED STATES accounted for 98.4% of revenue, followed by TRINIDAD AND TOBAGO (1.5%) and Other International (0%).

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