EOG Resources Reports Record Production and Expands Janus Project
EOG Resources reported record production levels for oil, natural gas, and NGLs during the third quarter of 2026. CEO Ezra Yacob noted that the company's performance was bolstered by total per-unit cash operating costs and depreciation, amortization, and depletion (DD&A) coming in below previous guidance midpoints. Looking ahead, the company is doubling its investment in the Janus expansion project to $600 million, aiming to increase capacity to 600 MMcf/d. While production remains strong, EOG anticipates low single-digit oil growth heading into 2027.
Tickers: $EOG
Topics: earnings report natural gas production oil production operating costs
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