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EOG Resources EOG Dry Hole Costs

Dry Hole Costs at other companies

APA Corporation logo
APA CorporationAPA
$12M+9.1%
ConocoPhillips logo
ConocoPhillipsCOP
$20M
Devon Energy logo
Devon EnergyDVN
$25M+150%
Freeport-McMoRan Inc. logo
Freeport-McMoRan Inc.FCX
$38M-2.6%
Chevron logo
ChevronCVX
$60M-7.7%
Chevron logo
ChevronCVX
$60M-7.7%

Other financials

Income statement

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Revenue$8.6B+57.4%
Operating income$3.5B+102%
Net income$2.7B+103%
EPS (diluted)$1.57-36.2%

Balance sheet

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Cash & equivalents$4.9B-5.9%
Total debt$8.3B+79.5%
Total equity$31.9B+9.0%
Total assets$54.8B+18.4%

Cash flow

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Operating cash flow$4.7B+130%
CapEx-$144.0M-253%
Free cash flow$4.5B+133%

Valuation

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Market cap$71.44B+12.3%
Enterprise value$74.78B+18.7%
P/E10.4×-0.7×
P/S2.6×-0.2×

Profitability

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Operating margin32.9%+0.8pp
Net margin25.4%+0.2pp
FCF margin47.3%+2.7pp

Returns & leverage

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Return on equity22.5%+2.9pp
Debt / equity0.3×+0.1×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by EOG Resources in its filing.

Tagged under the XBRL concept us-gaap:ResultsOfOperationsDryHoleCosts.

The source filing: EOG Resources’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 4:19 PM EDT
Accession
0000821189-26-000147

FAQ

What is EOG Resources's dry hole costs?
EOG Resources (EOG) reported dry hole costs of $30M in Q2 2026.
How has EOG Resources's dry hole costs changed year-over-year?
EOG Resources's dry hole costs increased by 172.7% year-over-year, from $11M to $30M.
What is the long-term trend for EOG Resources's dry hole costs?
Over 4 years (2021 to 2025), EOG Resources's dry hole costs has grown at a -8.9% compound annual growth rate (CAGR), from $71M to $49M.
What does dry hole costs mean?
This metric aggregates the direct costs incurred during the drilling process for wells that are ultimately determined to be non-productive. It serves as a measure of the financial impact of unsuccessful drilling operations within the cost of revenue structure.

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