EOG Q1 2025 Earnings
Reported May 1, 2025 at 4:23 PM ET · SEC Source
Q1 25 EPS
$2.87
Q1 25 Revenue
$5.67B
vs S&P Since Q1 25
+0.7%
BEATING MARKET
EOG +27.9% vs S&P +27.2%
Market Reaction
Did EOG Beat Earnings? Q1 2025 Results
EOG Resources delivered a sequentially stronger first quarter in 2025, posting adjusted earnings of $2.87 per share on revenue of $5.67 billion as disciplined production growth and a sharp recovery in natural gas prices helped offset a meaningful pul… Read more EOG Resources delivered a sequentially stronger first quarter in 2025, posting adjusted earnings of $2.87 per share on revenue of $5.67 billion as disciplined production growth and a sharp recovery in natural gas prices helped offset a meaningful pullback in crude oil realizations. GAAP diluted EPS came in at $2.65, up from $2.23 in Q4 2024, though both measures trailed the year-ago quarter when oil fetched $78.45 per barrel versus $72.87 this period. The real story behind the numbers was volume momentum: total production climbed to 1,090.4 MBoed from 1,028.8 MBoed a year earlier, while natural gas prices surged to $3.41 per Mcf from just $2.26, providing a meaningful cushion against weaker oil revenue. Free cash flow reached $1.33 billion, supporting $806 million in share repurchases alongside $0.98 per share in dividends. EOG also trimmed its 2025 capital expenditure outlook and indicated plans to hold oil production steady through the remainder of the year, signaling confidence in operational efficiency even as commodity price uncertainty lingers across the broader energy sector.
Key Takeaways
- • Higher natural gas prices ($3.41/Mcf composite in Q1 2025 vs $2.26/Mcf in Q1 2024)
- • Total production volumes increased to 1,090.4 MBoed from 1,028.8 MBoed year-over-year
- • Crude oil and condensate volumes grew to 502.1 MBbld from 487.4 MBbld
- • Lower realized crude oil prices ($72.87/bbl composite vs $78.45/bbl in Q1 2024)
- • Disciplined capital expenditures and strong free cash flow generation
EOG YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
EOG Revenue by Segment
With YoY comparisons, source: SEC Filings
EOG Earnings Trends
EOG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EOG EPS Trend
Earnings per share: estimate vs actual
EOG Revenue Trend
Quarterly revenue: estimate vs actual
EOG Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $2.22 | $2.27 | +2.25% | $5.64B | — |
| FY Full Year | $10.10 | $10.16 | +0.57% | $22.63B | +1.13% |
| Q3 25 BEAT | $2.45 | $2.71 | +10.78% | $5.85B | +4.66% |
| Q2 25 BEAT | $2.20 | $2.32 | +5.37% | $5.48B | +0.99% |
| Q1 25 | — | $2.87 | — | $5.67B | — |