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Home/News Feed/EOG Resources reports $2B Q1 net income, raises full-year oil production guidance, and returns $950M to shareholders.
EOG
$132.74
-$0.80 -0.60%

EOG Resources reports $2B Q1 net income, raises full-year oil production guidance, and returns $950M to shareholders.

Company Fundamentals
05 May 2026
PRNewsWire
View Source
Bullish
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EOG Resources announced a strong first quarter 2026 with a net income of $2.0 billion and adjusted net income of $1.8 billion. The company generated $1.5 billion in free cash flow, paid $544 million in dividends, and repurchased $402 million in shares. Operational performance exceeded guidance with higher volumes and better cost control, prompting an increase in full-year oil and NGL production guidance. EOG plans to reallocate capital towards liquids assets while maintaining its overall capital budget, positioning itself for growth and shareholder returns amid a dynamic market environment.

More News (EOG)

EOG Resources upgraded to buy on strong Q1 results and solid financial health amid market volatility

EOG Resources upgraded to buy on strong Q1 results and solid financial health amid market volatility

EOG Resources has been upgraded to a buy rating due to its strong Q1 performance, which included a 22% revenue increase, significant cost reductions, and $1.49 billion in free cash flow. These results support continued dividends and share buybacks. D...

Analyst Insights
Bullish
2 days ago
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