EOG Resources Reports Q3 2026 Results with Record Production and Increased Dividend
EOG Resources reported strong third-quarter 2026 financial results, highlighted by an adjusted EPS of $4.87 and quarterly free cash flow of $2.2 billion. The company's performance was driven by record production volumes and disciplined per-unit cost management across its core assets, including the Delaware Basin and Utica regions. To reward shareholders, EOG increased its annual dividend rate by 8% to $4.40 per share and executed $1 billion in share repurchases during the quarter. Strategically, the company is investing $300 million to expand the Janus Gas Plant, aiming to double processing capacity in the Delaware Basin. EOG also secured a new 10-year supply agreement with ENGIE to increase LNG feed gas exposure by 2030. Despite operational intermittentness in Bahrain due to regional conflict and expectations of tightening services and modest inflation, the company maintains a robust cash balance of $5.7 billion and a WTI breakeven price below $50 per barrel.
Tickers: $EOG
Topics: dividend increase earnings free cash flow oil production share buybacks
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