EOG Resources (EOG) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 25, 2026 astatine 11:11 AM CST 51 min read

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Wednesday, Feb. 25, 2026 astatine 10:00 a.m. ET

• Chief Executive Officer — Ezra Y. Yacob

• Chief Financial Officer — Ann D. Janssen

• Chief Operating Officer — Jeffrey R. Leitzell

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

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Ezra Y. Yacob: Thanks, Pearce. Good greeting and convey you for joining us. 2025 was a singular twelvemonth for EOG Resources, Inc. Overall, our twelvemonth was characterized by disciplined superior allocation, beardown execution crossed our operations, and robust escaped currency travel generation. We did not conscionable just the targets acceptable distant successful our operational and superior plan, we exceeded them portion expanding our concern some domestically and internationally, laying a instauration for the future. We surpassed our archetypal lipid and full measurement targets portion delivering in-line superior expenditures. We continued driving down good costs done sustainable operating ratio gains, and our differentiated selling strategy delivered peer-leading U.S. terms realizations. Combined with little currency operating costs, we helped fortify margins.

Beyond extending our way grounds for fantabulous operational execution, 2025 was transformational. We completed the strategical Encino acquisition, entered breathtaking planetary exploration opportunities successful the UAE and Bahrain, and brought online the Janus state processing works successful the Delaware Basin. We besides continued starring connected sustainability, publishing caller emissions targets aft achieving our anterior targets up of schedule. Each of these developments fundamentally improves our concern and amended positions EOG Resources, Inc. going guardant arsenic being among the highest instrumentality and lowest outgo producers with beardown biology performance. Operational excellence successful 2025 drove outstanding fiscal results and top-tier currency returns to shareholders.

We generated $4.7 cardinal successful escaped currency travel and returned 100% to shareholders done our regular dividend, which accrued by 8%, and $2.5 cardinal successful stock repurchases. To enactment our 2025 fiscal show successful a broader perspective, EOG Resources, Inc. has generated yearly escaped currency travel each twelvemonth since 2016. We person ne'er chopped nor suspended our dividend successful 28 years. Further, implicit the past 3 years, we person generated $15 cardinal successful escaped currency travel and returned $14 cardinal to shareholders, generating an mean 24% instrumentality connected superior employed. We person done this each portion maintaining a pristine equilibrium sheet.