Eog Resources (EOG) Operating Expenses (2009 - 2026)
Eog Resources (EOG) reported Operating Expenses of $4.3 billion for Q1 2026, up 13.46% on a YoY basis from $3.8 billion in Q1 2025, and down 7.92% sequentially from $4.7 billion in Q4 2025.
Eog Resources (EOG) Operating Expenses (2009 - 2026) Analysis & Trends
Eog Resources (EOG) has 18 years of Operating Expenses data on file, last reported at $4.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 13.46% year-over-year to $4.3 billion; the trailing twelve-month figure through Mar 2026 stood at $16.8 billion (up 7.62% YoY), and the FY2025 full-year result was $16.2 billion, up 4.04% from the prior year.
- Operating Expenses fell to $4.3 billion in Q1 2026, from $4.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.7 billion in Q4 2025 to a low of $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.
- Across the five-year window, Operating Expenses soared 51.75% in 2022 and fell 20.0% in 2023, its largest moves.
- Tracing EOG's Operating Expenses over 5 years: stood at $3.9 billion in 2022, then fell by 0.34% to $3.9 billion in 2023, then gained by 3.63% to $4.0 billion in 2024, then rose by 17.58% to $4.7 billion in 2025, then slipped by 7.92% to $4.3 billion in 2026.
- Business Quant data shows EOG's Operating Expenses at $4.3 billion in Q1 2026, $4.7 billion in Q4 2025, and $4.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 4.32 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 4.12 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 4.86 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 60.22 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 54.49 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.64 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 2.87 Bn |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 2.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 2.97 Bn |