Eog Resources (EOG) Operating Margin (2009 - 2026)
Eog Resources (EOG) posted Operating Margin of 37.54% for Q1 2026, up 124.43% sequentially from 16.73% in Q4 2025, and up 475.0% YoY from 6.53% in Q1 2025.
Eog Resources (EOG) Operating Margin (2009 - 2026) Analysis & Trends
Eog Resources has reported Operating Margin for 18 years, with the latest figure at 37.54% in Q1 2026.
- Quarterly Operating Margin rose 475.0% year-over-year to 37.54% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 29.83% (down 317.0% YoY) and the FY2025 annual result came in at 28.21%, down 589.0% from the prior year.
- Operating Margin climbed to 37.54% in Q1 2026 per EOG's latest filing, from 16.73% in the prior quarter.
- Over five years, Operating Margin peaked at 48.25% in Q3 2022 and troughed at 13.71% in Q1 2022.
- A 5-year average of 34.61% and a median of 35.35% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2025: Operating Margin surged 2885 bps in 2023, then sank 1178 bps in 2025.
- Over 5 years, Operating Margin stood at 42.46% in 2022, then dropped by 7 bps to 39.39% in 2023, then dropped by 28 bps to 28.5% in 2024, then plunged by 41 bps to 16.73% in 2025, then soared by 124 bps to 37.54% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 37.54%, 16.73%, and 31.4% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 45.16% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 32.14% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 77.96% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 22.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.93% |
| 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% |