Eog Resources (EOG) Operating Expenses (2009 - 2026)
Eog Resources (EOG) posted Operating Expenses of $4.3 billion for Q1 2026, down 7.92% sequentially from $4.7 billion in Q4 2025, and up 13.46% YoY from $3.8 billion in Q1 2025.
Eog Resources (EOG) Operating Expenses (2009 - 2026) Analysis & Trends
Eog Resources has reported Operating Expenses for 18 years, with the latest figure at $4.3 billion in Q1 2026.
- Quarterly Operating Expenses rose 13.46% year-over-year to $4.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.8 billion (up 7.62% YoY) and the FY2025 annual result came in at $16.2 billion, up 4.04% from the prior year.
- Operating Expenses fell to $4.3 billion in Q1 2026 per EOG's latest filing, from $4.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $4.7 billion in Q4 2025 and troughed at $3.4 billion in Q1 2022.
- A 5-year average of $3.9 billion and a median of $3.9 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 51.75% in 2022, then decreased 20.0% in 2023.
- Over 5 years, Operating Expenses stood at $3.9 billion in 2022, then slipped by 0.34% to $3.9 billion in 2023, then grew by 3.63% to $4.0 billion in 2024, then climbed by 17.58% to $4.7 billion in 2025, then fell by 7.92% to $4.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.3 billion, $4.7 billion, and $4.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 2.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.09 Bn |
| Mar 31, 2026 | 4.32 Bn |
| Dec 31, 2025 | 4.70 Bn |
| Sep 30, 2025 | 4.01 Bn |
| Jun 30, 2025 | 3.73 Bn |
| Mar 31, 2025 | 3.81 Bn |
| Dec 31, 2024 | 3.99 Bn |
| Sep 30, 2024 | 3.88 Bn |
| Jun 30, 2024 | 3.90 Bn |
| Mar 31, 2024 | 3.85 Bn |
| Dec 31, 2023 | 3.85 Bn |
| Sep 30, 2023 | 3.66 Bn |
| Jun 30, 2023 | 3.60 Bn |
| Mar 31, 2023 | 3.47 Bn |
| Dec 31, 2022 | 3.87 Bn |
| Sep 30, 2022 | 3.93 Bn |
| Jun 30, 2022 | 4.50 Bn |
| Mar 31, 2022 | 3.44 Bn |
| Dec 31, 2021 | 3.52 Bn |
| Sep 30, 2021 | 3.29 Bn |