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| Date | Value |
|---|---|
| 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% |