Eog Resources (EOG) Gross Margin (2015 - 2023)
Eog Resources' (EOG) quarterly Gross Margin came in at 96.15% in Q4 2023, down 33.0% year-over-year from 143.5% in Q4 2022, and little changed quarter-over-quarter from 96.14% in Q3 2023.
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Eog Resources (EOG) Gross Margin (2015 - 2023) Analysis & Trends
Eog Resources has disclosed Gross Margin across 9 years of filings, most recently posting 96.15% for Q4 2023.
- In Q4 2023, Gross Margin fell 33.0% year-over-year to 96.15%; the TTM figure through Dec 2023 stood at 96.04% (down 20.0% YoY), while the FY2023 annual figure was 96.04%, down 20.0% from the prior year.
- Gross Margin came in at 96.15% for Q4 2023 at Eog Resources, roughly flat from 96.14% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 96.71% in Q2 2022 to a low of 86.22% in Q2 2020.
- Average Gross Margin over 5 years is 94.95%, with a median of 95.62% recorded in 2019.
- Year-over-year, Gross Margin plunged 1007 bps in 2020 and jumped 861 bps in 2021.
- Over 5 years, Gross Margin stood at 95.19% in 2019, then dropped by 2 bps to 93.42% in 2020, then grew by 3 bps to 96.23% in 2021, then rose by 0 bps to 96.47% in 2022, then fell by 0 bps to 96.15% in 2023.
- Per Business Quant data, the three most recent Gross Margin figures were 96.15% in Q4 2023, 96.14% in Q3 2023, and 95.77% in Q2 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | 82.99% |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | - |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 81.22% |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 78.58% |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | - |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | 93.93% |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 94.91% |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | 100.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 96.15% |
| Sep 30, 2023 | 96.14% |
| Jun 30, 2023 | 95.77% |
| Mar 31, 2023 | 96.10% |
| Dec 31, 2022 | 96.47% |
| Sep 30, 2022 | 96.62% |
| Jun 30, 2022 | 96.71% |
| Mar 31, 2022 | 94.28% |
| Dec 31, 2021 | 96.23% |
| Sep 30, 2021 | 95.40% |
| Jun 30, 2021 | 94.83% |
| Mar 31, 2021 | 94.53% |
| Dec 31, 2020 | 93.42% |
| Sep 30, 2020 | 91.99% |
| Jun 30, 2020 | 86.22% |
| Mar 31, 2020 | 95.59% |
| Dec 31, 2019 | 95.19% |
| Sep 30, 2019 | 95.37% |
| Jun 30, 2019 | 96.29% |
| Mar 31, 2019 | 95.65% |