Eog Resources (EOG) Operating Margin (2009 - 2026)

Eog Resources' (EOG) quarterly Operating Margin came in at 37.54% in Q1 2026, up 475.0% year-on-year from 6.53% in Q1 2025, and up 124.43% quarter-over-quarter from 16.73% in Q4 2025.

Eog Resources (EOG) Operating Margin (2009 - 2026) Analysis & Trends

Eog Resources has disclosed Operating Margin across 18 years of filings, most recently posting 37.54% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 37.54%, up 475.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 29.83% (down 317.0% YoY), and the FY2025 annual result was 28.21%, down 589.0% from the prior year.
  • Operating Margin came in at 37.54% for Q1 2026 at Eog Resources, up from 16.73% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 48.25% in Q3 2022 to a low of 13.71% in Q1 2022.
  • The 5-year median for Operating Margin is 35.35% (2024), against an average of 34.61%.
  • Across the five-year window, Operating Margin soared 2885 bps in 2023 and sank 1178 bps in 2025, its largest moves.
  • Eog Resources' Operating Margin stood at 42.46% in 2022, then decreased by 7 bps to 39.39% in 2023, then decreased by 28 bps to 28.5% in 2024, then plunged by 41 bps to 16.73% in 2025, then jumped by 124 bps to 37.54% in 2026.
  • The last three Operating Margin figures came in at 37.54% (Q1 2026), 16.73% (Q4 2025), and 31.4% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 72.10%
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 45.70%
4 Eog Resources 72.93 Bn 69.08 Bn - 37.54%
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 71.82%
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 2.74%
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 24.92%
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 60.26%
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 71.27%
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn -0.60%

Historic Data

Download Data
DateValue
Mar 31, 2026 37.54%
Dec 31, 2025 16.73%
Sep 30, 2025 31.40%
Jun 30, 2025 31.89%
Mar 31, 2025 32.79%
Dec 31, 2024 28.50%
Sep 30, 2024 35.02%
Jun 30, 2024 35.35%
Mar 31, 2024 37.09%
Dec 31, 2023 39.39%
Sep 30, 2023 41.16%
Jun 30, 2023 35.35%
Mar 31, 2023 42.55%
Dec 31, 2022 42.46%
Sep 30, 2022 48.25%
Jun 30, 2022 39.19%
Mar 31, 2022 13.71%
Dec 31, 2021 41.83%
Sep 30, 2021 30.87%
Jun 30, 2021 28.29%