More from EOG Q2 2026

EOG Resources, Inc.

EOG2026 Q2Energy & Utilities

1mo

UAE international unconventionals: two 1-mile wells and early production results

EOG brought online two 1-mile lateral wells in June within the UAE 900,000-acre concession and reported early operational success.
Management said that in the first 30 days these wells averaged over 25,000 barrels of oil per well during natural flow.
The wells are naturally flowing up casing now and will be placed on artificial lift in the coming weeks.
For the balance of 2026, EOG targeted lateral lengths in excess of 2 miles and plans to complete additional wells in the region.
In Q&A, management described a 3-year exploration phase and said they are not applying strict time lines or strict results, focusing on production over time and response to lift.

EOG Resources, Inc.

EOG2026 Q2Energy & Utilities

1mo

Financial Performance Summary

2026 free cash flow plan: ~$8 billion at strip pricing using guidance midpoints; WTI breakeven noted as below $50/barrel.
Adjusted earnings per share (EPS) of $5.07 and adjusted cash flow from operations per share of $8.29 in Q2 2026.
Balance sheet strength: $4.9 billion cash at quarter end (up ~$1.1 billion vs. end of Q1) and net debt of $3 billion.
Generated free cash flow (FCF) of $2.8 billion, described as a record performance.
Regular dividend track record: not cut or suspended in 28 years; reiterated intent to return at least 70% of annual free cash flow in 2026.
Returned just over $1.8 billion to shareholders, including $540 million regular dividend and $1.3 billion share repurchases.

EOG Resources, Inc.

EOG2026 Q2Energy & Utilities

1mo

25,000+ bbl/day per well

UAE early production exceeded expectations during natural flow

Management reported that the first 30 days of production from the two 1-mile lateral wells produced on average over 25,000 barrels of oil per well, with results described as exceeding expectations during the natural flow period.

More from EOG Q2 2026

EOG Resources, Inc.

EOG2026 Q2Energy & Utilities

1mo

UAE international unconventionals: two 1-mile wells and early production results

EOG brought online two 1-mile lateral wells in June within the UAE 900,000-acre concession and reported early operational success.
Management said that in the first 30 days these wells averaged over 25,000 barrels of oil per well during natural flow.
The wells are naturally flowing up casing now and will be placed on artificial lift in the coming weeks.
For the balance of 2026, EOG targeted lateral lengths in excess of 2 miles and plans to complete additional wells in the region.
In Q&A, management described a 3-year exploration phase and said they are not applying strict time lines or strict results, focusing on production over time and response to lift.

EOG Resources, Inc.

EOG2026 Q2Energy & Utilities

1mo

Financial Performance Summary

2026 free cash flow plan: ~$8 billion at strip pricing using guidance midpoints; WTI breakeven noted as below $50/barrel.
Adjusted earnings per share (EPS) of $5.07 and adjusted cash flow from operations per share of $8.29 in Q2 2026.
Balance sheet strength: $4.9 billion cash at quarter end (up ~$1.1 billion vs. end of Q1) and net debt of $3 billion.
Generated free cash flow (FCF) of $2.8 billion, described as a record performance.
Regular dividend track record: not cut or suspended in 28 years; reiterated intent to return at least 70% of annual free cash flow in 2026.
Returned just over $1.8 billion to shareholders, including $540 million regular dividend and $1.3 billion share repurchases.

EOG Resources, Inc.

EOG2026 Q2Energy & Utilities

1mo

25,000+ bbl/day per well

UAE early production exceeded expectations during natural flow

EOG Resources, Inc. Earnings Quote from Ezra Yacob

More from EOG Q2 2026

EOG Resources, Inc. 2026 Q2: UAE international unconventionals: two 1-mile wells and early production results

EOG Resources, Inc. 2026 Q2: Financial Performance summary

More from EOG Q2 2026

More from EOG Q2 2026

EOG Resources, Inc. 2026 Q2: UAE international unconventionals: two 1-mile wells and early production results

EOG Resources, Inc. 2026 Q2: Financial Performance summary