---
title: EOG Resources (EOG) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/eog
ticker: EOG
as_of: 2026-10-17
sector: Energy
industry: Oil & Gas Exploration & Production
---
# EOG Resources (EOG)

EOG Resources (EOG) closed at $158.01 on Oct 16, 2026, undervalued by 39% vs its model value of $259.04 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $158.01 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $259.04 |
| Price vs model | undervalued by 39% vs model |
| Range of that model | $158.94 – $587.78 |
| Market value | $82.9B |
| P/E (fiscal 2025) | 17.3 |
| Net margin (fiscal 2025) | 22.1% |
| Free cash flow (fiscal 2025) | $3.5B |
| Dividend yield (trailing twelve months) | 2.58% |
| Beta | 0.27 |
| Cost of capital (WACC) | 6.93% |
| Business classification | Cyclical (Revenue declining (~-3% recent), High profitability (22% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week highs | #7 | 0.0% | https://sweetvaluelab.com/lists/near-52-week-highs |
| Best performing this year | #43 | +50.5% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.58% |
| Dividends per share, last 12 months | $4.08 |
| Coverage | — |
| Raised | 8 years in a row |
| Growth over 5 years | -3.2% a year |
| Latest payment | $1.02, ex-date Oct 16, 2026, paid Oct 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 14, 2022 | $4.80 |
| To Mar 15, 2023 | $4.08 |
| To Dec 14, 2023 | $3.98 |
| To Oct 17, 2024 | $3.64 |
| To Oct 17, 2025 | $3.95 |
| Trailing twelve months (to Oct 16, 2026) | $4.08 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $259.04 | $158.94 | $587.78 |
| DCF · Perpetuity growth · 10y | cross check | $215.65 | $140.84 | $462.12 |
| DCF · EBITDA exit · 5y | cross check | $151.72 | $66.10 | $253.83 |
| DCF · EBITDA exit · 10y | cross check | $150.75 | $88.19 | $236.91 |
| P/E · peers | cross check | $137.74 | $120.79 | $222.22 |
| P/E · own history | cross check | $139.09 | $127.67 | $194.66 |
| PEG | sanity check | $323.37 | $323.37 | $323.37 |
| EV/EBITDA · peers | cross check | $115.25 | $85.04 | $182.38 |
| EV/Revenue · peers | cross check | $113.81 | $79.74 | $169.99 |
| Earnings power value | cross check | $9.78 | $6.56 | $14.78 |
| Dividend discount | cross check | $106.90 | $68.50 | $204.45 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 3 open-market sales ($7.8M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 25, 2026 | Leitzell Jeffrey R. | EVP & COO | Grant / award (10b5-1 plan) | 13,680 | $0 |
| Sep 25, 2026 | Leitzell Jeffrey R. | EVP & COO | Open-market sell (10b5-1 plan) | 9,039 | $1.3M |
| Sep 25, 2026 | Distefano Laura B. | VP & CAO | Grant / award | 5,772 | $0 |
| Sep 25, 2026 | Donaldson Michael P | EVP & Chief Legal Officer | Grant / award | 9,975 | $0 |
| Sep 25, 2026 | Yacob Ezra Y | Chairman & CEO | Grant / award | 37,905 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 8, 2026 | 8-K | 2.02 Results of Operations (Earnings) | https://www.sec.gov/Archives/edgar/data/821189/000082118926000202/eog-20261008.htm |
| Sep 24, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/821189/000119312526400333/d40889d8k.htm |
| Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/821189/000082118926000149/eog-20260630.htm |
| Aug 4, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/821189/000082118926000147/eog-20260804.htm |
| Jul 9, 2026 | 8-K | 2.02 Results of Operations (Earnings) | https://www.sec.gov/Archives/edgar/data/821189/000082118926000140/eog-20260709.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Yacktman | 2026-06-30 | 1,243,536 | $161.3M |
| Bridgewater | 2026-06-30 | 539,429 | $70.0M |
| Bill Nygren | 2026-06-30 | 244,809 | $31.8M |

3 tracked managers in all.

## About

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company also offers crude oil and condensate, and gathering, processing and marketing. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

---

Source: https://sweetvaluelab.com/stocks/eog (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.