EOG (EOG) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 11:05 AM CDT 44 min read

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DATE

Wednesday, May 6, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Chairman & Chief Executive Officer — Ezra Y. Yacob

• Chief Financial Officer — Ann D. Janssen

• Chief Operating Officer — Jeffrey R. Leitzell

• Executive Vice President, Exploration & Production — Keith P. Trasko

Full Conference Call Transcript

Ezra Y. Yacob: Good morning, and convey you for joining us. EOG Resources, Inc. is disconnected to an exceptional commencement successful 2026. Our way grounds of consistent, high-quality execution continues to acceptable america apart, delivering beardown operational show crossed our foundational assets portion steadily advancing our emerging plays and exploration opportunities. The archetypal 4th was a wide hold of that momentum. We exceeded expectations crossed cardinal operating and fiscal metrics; accumulation volumes, full per-unit currency operating costs, and DD&A each outperformed guidance midpoints, driving robust fiscal results. We generated $1.8 cardinal successful adjusted nett income and $1.5 cardinal successful escaped currency flow.

Consistent with our committedness to disciplined superior allocation and enhancing shareholder value, we returned astir $950 cardinal during the 4th done our regular dividend and opportunistic stock repurchases. In today's macro environment, EOG Resources, Inc. is good positioned successful realizing the benefits of decisions we made during a much challenging commodity terms backdrop. Those actions were deliberate and are paying off. For example, we strengthened our portfolio done the acquisition of nCino, expanding our lipid accumulation by astir 10%, and we complemented that with a strategical bolt-on acquisition successful the Eagle Ford. We besides enhanced our marketplace vulnerability by securing LNG contracts linked to JKM and Brent, positioning america to seizure premium pricing successful planetary markets.

Additionally, we expanded our planetary footprint with high-quality concessions successful the UAE and Bahrain, opportunities that would beryllium hard to replicate successful the existent terms environment. Finally, we proceed to deepen our vertical integration crossed captious services. This differentiated attack further improves efficiencies, lowers costs, and strengthens execution crossed our operations. As a testament to investing superior astatine a disciplined pace, betwixt 2022—which was the past play of precise robust lipid prices—and 2026, wherever we are successful a akin lipid terms environment, we person added astir 100 1000 barrels per time of oil, implicit 140 1000 barrels per time of NGLs, and astir 1.6 cardinal cubic feet per time of state to EOG Resources, Inc.'s nett production.