EOG

Baker Hughes BKR is set to report third-quarter 2026 results on Oct 27, after market close. In the last reported quarter, its earnings of 64 cents per share beat the Zacks Consensus Estimate of 51 cents, driven by strong Oilfield Services & Equipment execution, firm Industrial & Energy Technology profitability and record order momentum. The oilfield services player's earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 17.4%. This is depicted in the graph below: Baker Hughes Company price-eps-surprise | Baker Hughes Company Quote The Zacks Consensus Estimate for third-quarter earnings per share of 64 cents has been revised upward over the past 30 days. The estimated figure indicates a 5.9% decline from the prior-year reported number. The Zacks Consensus Estimate for revenues of $7.78 billion implies an 11% improvement from the year-ago recorded figure. According to data from the U.S. Energy Information Administration, average Cushing, OK, WTI spot prices stood at $80.46, $83.90 and $97.31 per barrel in July, August and September 2026, respectively, significantly higher than $68.39, $64.86 and $63.96 per barrel in the corresponding months of 2025. The substantial year-over-year increase in crude prices, primarily driven by geopolitical tensions surrounding the Iran war, likely created a favorable business environment for Baker Hughes. Stronger commodity prices may have supported upstream spending and demand for oilfield services, potentially benefiting the company's third-quarter earnings and cash flows. However, the positive impact of elevated oil prices may have been partly offset by disruptions stemming from the Middle East conflict. Project delays, supply-chain challenges and higher operating costs could have affected BKR's operations and weighed on quarterly profitability. Our proven model does not conclusively predict an earnings beat for BKR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you will see below. Earnings ESP: BKR has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Zacks Rank: BKR currently sports a Zacks Rank #1. Here are some energy stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle. ExxonMobil Holdings Corporation XOM has an Earnings ESP of +5.37% and currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM's earnings is pegged at $3.96 per share, indicating a 110.6% improvement from the prior-year reported figure. EOG Resources EOG has an Earnings ESP of +2.43% and carries a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5. The Zacks Consensus Estimate for EOG's earnings is pegged at $4.44 per share, suggesting a 63.4% improvement from the prior-year reported figure. BP plc BP has an Earnings ESP of +7.13% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for BP's earnings is pegged at $2.66 per share, suggesting a 212.9% increase from the prior-year reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baker Hughes Company (BKR) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report ExxonMobil Holdings Corporation (XOM) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EQT Corporation EQT is set to release third-quarter 2026 results on Oct. 27, after market close. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share on revenues of $1.75 billion. Let us delve into the factors that may have influenced the pure-play Appalachian natural gas producer's performance in the third quarter. Before that, it is worth taking a look at EQT's prior-quarter performance. In the last reported quarter, EQT's earnings missed the Zacks Consensus Estimate due to lower realized natural gas-equivalent prices despite an increase in sales volume. The company beat on earnings in three of the trailing four quarters, while missing the same once, delivering an average surprise of 8.4%. This is depicted in the graph below: EQT Corporation price-eps-surprise | EQT Corporation Quote The Zacks Consensus Estimate for EQT's third-quarter earnings has seen one upward and five downward revisions over the past 60 days. The estimated figure of 38 cents represents a 26.9% year-over-year decline. Meanwhile, the Zacks Consensus Estimate for revenues suggests a 0.1% decrease from the prior-year quarter's level. According to the U.S. Energy Information Administration, the Henry Hub natural gas spot price (in dollars per million Btu) for July, August and September of 2026 was $2.89, $2.78 and $2.95, respectively, marking a decline from $3.20, $2.91 and $2.97 reported a year ago. The significant year-over-year decrease in natural gas prices in the September-end quarter of 2026 is likely to have hurt EQT's earnings. Our proven model does not conclusively predict an earnings beat for EQT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here. The natural gas producer has an Earnings ESP of -0.08% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before earnings reported with our Earnings ESP Filter. Here are some energy firms that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle. ExxonMobil Holdings Corporation XOM has an Earnings ESP of +5.18% and a Zacks Rank #1 at present. You can see the complete list of today's Zacks #1 Rank stocks here. XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM's earnings is pegged at $3.93 per share, indicating a 109% improvement from the prior-year reported figure. EOG Resources EOG has an Earnings ESP of +1.93% and a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5. The Zacks Consensus Estimate for EOG's earnings is pegged at $4.39 per share, suggesting a 62% improvement from the prior-year reported figure. BP plc BP has an Earnings ESP of +5.44% and a Zacks Rank #1 at present. BP is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for BP's earnings is pegged at $2.43 per share, suggesting a 185.9% increase from the prior-year reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EQT Corporation (EQT) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report ExxonMobil Holdings Corporation (XOM) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Eni SpA E is set to report third-quarter 2026 results on Oct. 23, after the closing bell. In the last reported quarter, its earnings of $1.76 per share missed the Zacks Consensus Estimate of $1.90 due to higher commodity realizations, production growth and stronger segment profitability. The integrated energy player's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average negative surprise being 0.22%. This is depicted in the graph below: The Zacks Consensus Estimate for third-quarter earnings per share of $1.92 hasn't seen any revisions over the past seven days. The estimated figure indicates a 113.3% improvement from the prior-year reported number. The Zacks Consensus Estimate for revenues of $22.7 billion implies a 5.3% decrease from the year-ago recorded figure. Eni SpA price-eps-surprise | Eni SpA Quote To understand how oil prices behaved in the September quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration ("EIA"). The average Europe Brent spot prices for July, August and September of this year were $83.76 per barrel, $91.08 per barrel and $114.16 per barrel, respectively, per EIA data. Commodity prices were $71.04 per barrel, $67.87 per barrel and $67.99 per barrel in the prior-year respective quarters, according to the EIA. A constructive oil-price backdrop, driven by the Middle East conflicts, aided the upstream businesses in the September quarter. This, in turn, is expected to have backed Eni's exploration and production operations. Our proven model doesn't indicate an earnings beat for E this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That isn't the case here, as you will see below. Earnings ESP: E has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Zacks Rank: E currently carries a Zacks Rank #2. Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle. ExxonMobil Holdings Corporation XOM has an Earnings ESP of +6.68% and currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM's earnings is pegged at $3.92 per share, indicating a 108.5% improvement from the prior-year reported figure. EOG Resources EOG has an Earnings ESP of +1.93% and carries a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5. The Zacks Consensus Estimate for EOG's earnings is pegged at $4.39 per share, suggesting a 62% improvement from the prior-year reported figure. BP plc BP has an Earnings ESP of +4.33% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for BP's earnings is pegged at $2.30 per share, suggesting a 171% increase from the prior-year reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eni SpA (E) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report ExxonMobil Holdings Corporation (XOM) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

- EOG Resources recently reported earnings growth and consistent quarterly outperformance, supported by efficient asset use, production gains in key basins, and disciplined execution across its portfolio. - The company's recent momentum is closely tied to rising earnings estimates, where repeated upward revisions reflect how operators view its drilling efficiency and infrastructure buildout as contributing to its long-term profitability potential. - We will now see how EOG Resources' investment narrative could be influenced by its consistent earnings results and estimate upgrades. Scan how EOG Resources fits into the broader energy opportunity set by comparing it with our hand picked 20 high quality undiscovered gems that share strong fundamentals and earnings momentum traits. To own EOG Resources, you need to be comfortable with a story built on efficient shale development, disciplined well costs, and steady infrastructure buildout, while acknowledging that revenue and earnings are expected to ease slightly over the next few years. Recent earnings outperformance and the share price hitting new highs do not materially change that core thesis. The key near term swing factor is whether operational gains in areas like the Delaware Basin and Encino Utica can offset commodity price pressure and forecast declines in revenue and profit. The main risk is that newer, higher risk projects and gas focused growth fail to deliver enough cash flow to justify ongoing capital allocation. The freshest data point that ties closest to this story is EOG Resources reaching a new 52 week high after a run of four straight earnings beats. That performance lines up with rising earnings estimates and a strong Zacks growth and momentum profile, but the operational read through matters more than the share price reaction. Consistent estimate upgrades suggest the market is taking the drilling productivity, cost controls, and infrastructure utilization at assets like Dorado and Janus seriously as practical catalysts. For you as an investor, the question is whether those same levers can keep offsetting risks such as expected earnings declines, an unstable dividend record, and ongoing exposure to long term oil and gas demand uncertainty. EOG Resources' current earnings are about US$6.9b, with analysts projecting revenue to stay broadly flat and earnings to reach US$7.2b by 2029. That outlook implies revenues of roughly US$27.1b and a profit figure of US$7.2b in the same forecast year, which would mean an earnings increase of roughly US$0.3b from today. Uncover why EOG Resources' fair value indicates a 3% potential upside to its current price that may not last much longer. One alternate angle on EOG Resources puts Dorado front and center as a potential long term catalyst. The most optimistic analysts were already penciling in revenue of about US$29.3b and earnings of US$8.6b by 2029, well above consensus. That view has not yet factored in this latest earnings surprise, so you may see those narratives shift again. Explore 3 other EOG Resources fair value estimates, including one that suggests as much as 75% upside from the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so consider doing your own analysis and going with your instincts. - A great starting point for your EOG Resources research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision. - See our latest analysis for EOG Resources. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easier to evaluate EOG Resources' overall financial health at a glance. If EOG Resources has sharpened your thinking about quality and earnings resilience, use that same lens to scan a broader watchlist with the Simply Wall St Screener. - For investors hunting for quality at a reasonable entry point, review a focused set of 35 high quality undervalued stocks that pair stronger fundamentals with what may be relatively undemanding prices. - If income is a priority and you care about consistency, screen for 8 dividend fortresses that combine higher yields with underlying business strength. - When capital preservation ranks high on your checklist, start with a 32 resilient stocks with low risk scores that scores well on balance sheet robustness and earnings stability. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include EOG. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

EOG Resources (EOG) recently reached a new 52 week high following a series of quarterly earnings beats and sustained upward revisions to profit forecasts, bringing renewed focus to its growth profile and valuation. Recent headlines around EOG Resources have centred on its earnings beats and stronger profit forecasts, and the share price has responded with a 30 day share price return of 9.3% and a year to date share price gain of 46.97% at a recent price of $157.65. The 1 year total shareholder return of 52.88% and 5 year total shareholder return of 112.74% indicate momentum that has been building rather than fading. Spot emerging momentum stories that sit beside EOG Resources by scanning our curated list of 20 high quality undiscovered gems featuring improving earnings trends and strong underlying fundamentals. EOG Resources now trades near its 52 week high after strong earnings and brisk gains in recent months. Does the current valuation still offer a favourable trade off between upside potential and downside risk for new buyers? Against a recent close of $157.65, the most followed narrative pegs fair value for EOG Resources at $162.00, implying modest undervaluation based on a 7.24% discount rate and a long earnings runway built on inventory depth and capital discipline. EOG Resources is still integrating and developing the Encino Utica position, where direct well costs are now below $600 per foot and synergy targets of $150 million have already been exceeded ahead of schedule. This can extend the productive drilling runway and support future revenue and earnings. See why 68 investors see EOG Resources as 3% undervalued. Result: Fair Value of $162.00 (UNDERVALUED) Still, the EOG Resources story can be knocked off course if new international and gas focused projects underperform, or if a lower share count fails to offset earnings pressure. Find out about the key risks to this EOG Resources narrative. Feeling either excited or cautious about EOG Resources after this run of results and narrative support? Act while the data is fresh and weigh the upside against the red flags by lining up the 3 key rewards and 3 important warning signs. Do not stop with EOG Resources. Put this momentum in context by lining it up against a broader watchlist built from focused, data driven stock ideas. - Explore potential opportunities by scanning companies that score well on quality and valuation using the 35 high quality undervalued stocks. - Prioritise resilience and sleep easier at night by filtering for businesses with stronger financial foundations through the list of solid balance sheet and fundamentals (25 results). - Focus on potential income streams by zeroing in on higher yielding opportunities via the 8 dividend fortresses. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include EOG. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

SLB SLB is set to report third-quarter 2026 results on Oct. 23, before the opening bell. In the last reported quarter, its earnings of 55 cents per share beat the Zacks Consensus Estimate of 51 cents, driven by growth in Digital and Production Systems, along with broad-based gains outside the Middle East. The oilfield service player's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 4.94%. This is depicted in the graph below: SLB Limited price-eps-surprise | SLB Limited Quote The Zacks Consensus Estimate for third-quarter earnings per share of 62 cents hasn't seen any revisions over the past seven days. The estimated figure indicates a 10.1% decline from the prior-year reported number. The Zacks Consensus Estimate for revenues of $9.3 billion implies a 4.04% increase from the year-ago recorded figure. To have an idea of how oil prices behaved in the September quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration ("EIA"). The average Cushing, OK, WTI spot prices for July, August and September of this year were $80.46, $83.90 and $97.31 per barrel, respectively, per EIA data. Commodity prices were $68.39, $64.86 and $63.96 per barrel, respectively, in prior-year, respective quarters, according to the EIA. A constructive oil-price backdrop, driven by the Middle East conflicts, aided the exploration and production businesses in the September quarter of this year. This, in turn, is expected to have backed demand for SLB's oilfield services. Our proven model doesn't indicate an earnings beat for SLB this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That isn't the case here, as you will see below. Earnings ESP: SLB currently has an Earnings ESP of -1.45%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Zacks Rank: SLB currently carries a Zacks Rank #3 at present. Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle. Baker Hughes Company BKR has an Earnings ESP of +1.15% and currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. Baker Hughes is scheduled to release third-quarter 2026 earnings on Oct. 27. The Zacks Consensus Estimate for BKR's earnings is pegged at 65 cents per share, indicating a 4.4% decline from the prior-year reported figure. EOG Resources EOG has an Earnings ESP of +0.59% and flaunts a Zacks Rank #1 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5. The Zacks Consensus Estimate for EOG's earnings is pegged at $4.39 per share, suggesting a 62% improvement from the prior-year reported figure. BP plc BP has an Earnings ESP of +7.29% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for BP's earnings is pegged at $2.09 per share, suggesting a 146% increase from the prior-year reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SLB Limited (SLB) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Baker Hughes Company (BKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Kinder Morgan Inc. KMI is set to report third-quarter 2026 results on Oct. 21, after market close. In the last reported quarter, the company's adjusted earnings of 37 cents per share topped the Zacks Consensus Estimate of 31 cents, benefiting from broad-based segment growth, led by higher natural gas transportation and gathering volumes. The company's earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while meeting the same once, delivering an average surprise of 12.77%. This is depicted in the graph below: Kinder Morgan, Inc. price-eps-surprise | Kinder Morgan, Inc. Quote The Zacks Consensus Estimate for third-quarter earnings per share of 33 cents has witnessed one downward revision and no upward revisions in the past seven days. The estimated figure reflects a 13.8% jump from the prior-year reported figure. The consensus estimate for revenues of $4.38 billion implies a 5.7% increase from the year-ago recorded figure. Kinder Morgan is a leading midstream energy player in North America, with an extensive natural gas pipeline network comprising around 58,600 miles of transmission and 6,800 miles of gathering pipelines. The company transports nearly 40% of the natural gas produced in the United States. Due to the contractual nature of its business, with minimal exposure to commodity pricing volatility, KMI is likely to have generated stable earnings and cash flows in the third quarter. The majority of its cash flows are anchored by fee-based contracts or take-or-pay agreements. The pipeline company is expected to have benefited from sustained natural gas demand driven by higher LNG exports, industrial demand and electricity generation needs. For the third quarter, natural gas gathering volumes are expected to average 4,649 British thermal units per day (BBtu/d) from 4,380 BBtu/d in the prior-year quarter, according to the Zacks Consensus Estimate. These factors are anticipated to have driven demand and pricing dynamics, aiding Kinder Morgan's quarterly performance. Our proven model indicates an earnings beat for KMI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below. Earnings ESP: KMI has an Earnings ESP of +1.52%. You can uncover the best stocks before they are reported with our Earnings ESP Filter. Zacks Rank: Kinder Morgan currently carries a Zacks Rank #3. Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle. Baker Hughes Company BKR has an Earnings ESP of +1.15% and currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. Baker Hughes is scheduled to release third-quarter 2026 earnings on Oct. 27. The Zacks Consensus Estimate for BKR's earnings is pegged at 65 cents per share, indicating a 4.4% decline from the prior-year reported figure. EOG Resources EOG has an Earnings ESP of +0.59% and carries a Zacks Rank #3 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5. The Zacks Consensus Estimate for EOG's earnings is pegged at $4.39 per share, suggesting a 62% improvement from the prior-year reported figure. BP plc BP has an Earnings ESP of +7.29% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for BP's earnings is pegged at $2.09 per share, suggesting a 145.9% increase from the prior-year reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Baker Hughes Company (BKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider EOG Resources (EOG). This company, which is in the Zacks Oil and Gas - Exploration and Production - United States industry, shows potential for another earnings beat. When looking at the last two reports, this oil and gas company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.14%, on average, in the last two quarters. For the last reported quarter, EOG Resources came out with earnings of $5.07 per share versus the Zacks Consensus Estimate of $5.01 per share, representing a surprise of 1.20%. For the previous quarter, the company was expected to post earnings of $3.07 per share and it actually produced earnings of $3.41 per share, delivering a surprise of 11.07%. Thanks in part to this history, there has been a favorable change in earnings estimates for EOG Resources lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. EOG Resources has an Earnings ESP of +0.76% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on November 5, 2026. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EOG Resources, Inc. (EOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EOG Resources has delivered a strong run for long term holders, yet the recent pullback raises a fresh question about what investors are paying for its earnings today. With the stock still well above levels seen several years ago, the issue is whether the current price fairly reflects the profits the business generates. Over the past 5 years, EOG Resources has returned 133.9%, which puts a lot of embedded optimism about its earning power under the microscope. The company’s fortunes remain closely tied to how efficiently it can convert its hydrocarbon assets into sustained earnings, which can affect how much investors are willing to pay per dollar of profit. The analysts covering EOG Resources have run their own numbers. See what analysts think EOG Resources's shares could be worth. The stock’s next move may depend on whether that recent price level is justified by the earnings investors are effectively capitalizing today. If you are considering how much you are paying for each dollar of EOG Resources earnings, it can be helpful to compare that metric across 33 high quality undervalued stocks. For EOG Resources, earnings are a natural anchor for valuation because profits sit at the center of how investors usually rate oil and gas producers. The stock currently trades on a P/E of 11.0x, which is below the broader Oil and Gas sector average of 13.5x and far under the peer group level of about 20.4x. That gap indicates the market is pricing each dollar of EOG Resources earnings at a lower level than many comparable businesses. The fair P/E implied by a more tailored model, which blends the company’s growth profile, profitability, size and risk, points to a higher ratio than where the shares trade today. EOG Resources therefore changes hands at a discount to what that framework suggests investors might typically pay for its earnings power. The key question for you is whether the quality and durability of those earnings line up with that cheaper headline multiple. Explore the numbers behind EOG Resources's P/E valuation. Simply Wall St Narratives pick up where the P/E puzzle leaves off for EOG Resources by spelling out what kind of future growth, margins and earnings path would need to play out for the stock to end up worth meaningfully more or less than it is today. Each scenario sets out the assumptions that sit behind its own idea of fair value, so you can compare those inputs with EOG Resources' actual results as new numbers arrive. One of the top community narratives on EOG Resources: 25% undervalued Discover why this Narrative puts EOG Resources at 25% undervalued. Price tags and earnings multiples only tell part of the story, since the people directing EOG Resources and the way their pay is structured can strongly influence how that story unfolds over time. See who runs EOG Resources and how they are paid. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include EOG. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

It has been about a month since the last earnings report for Chord Energy Corporation (CHRD). Shares have added about 11.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Chord Energy Corporation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Chord reported second-quarter 2026 adjusted earnings of $6.44 per share, up 259.8% from $1.79 a year ago. The bottom line missed the Zacks Consensus Estimate of $6.68 by 3.6%. Total quarterly revenues rose 57.2% to $1.5 billion from $950.3 million. The top line beat the Zacks Consensus Estimate of $1.4 billion by 4.2%. The strong quarterly revenues were driven by higher oil output, and stronger oil and natural gas liquids (NGL) realizations. Total production reached 286.4 thousand barrels of oil equivalent per day (MBoe/d). CHRD's oil production was 165.4 thousand barrels per day (MBbl/d), up 5.6% from 156.7 MBbl/d in the year-ago quarter. Oil represented 57.8% of total production, compared with 55.6% a year earlier. Natural gas liquids production fell 2.0% to 53 thousand barrels per day (MBbl/d) from 54.1 MBbl/d recorded in the prior-year quarter. Natural gas production declined 4.2% to 408 million cubic feet per day (MMcf/d) from 425.9 MMcf/d in the second quarter of 2025. The company had 66 gross and 47 net operated wells turned in line during the quarter. Chord's average oil sales price, excluding realized derivatives, increased 52.5% to $93.99 per barrel from $61.62 per barrel a year earlier. The average NGL sales price, excluding realized derivatives, increased 59.5% to $9.25 per barrel from $5.80 per barrel in the year-ago quarter. Crude oil revenues rose to $1.42 billion, while NGL revenues increased to $44.6 million and natural gas revenues fell to $34.7 million. Lease operating expense (LOE) increased to $267.8 million from $257.0 million a year ago, while LOE per barrel of oil equivalent rose to $10.28 from $10.02. Production taxes rose to $125.9 million from $69.0 million. Gathering, processing and transportation expense declined to $62.8 million from $74.1 million. Depreciation, depletion and amortization increased to $409.2 million from $377.0 million. Total select operating expenses were $865.7 million, up from $777.1 million. Net cash provided by operating activities reached $1.12 billion, up from $419.8 million a year ago. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $923.5 million from $547.2 million, while adjusted free cash flow increased to $413.4 million from $140.8 million. CHRD returned 54% of adjusted free cash flow to shareholders in the quarter. It repurchased 1,104,346 shares for $147.4 million and declared a base dividend of $1.30 per share. As of June 30, 2026, Chord had cash and cash equivalents of $611.6 million, while total debt was $1.50 billion and liquidity was $2.58 billion. Chord maintained its full-year 2026 oil-volume midpoint at 161 MBbl/d, with guidance to be in the range of 160.2-161.8 MBbl/d. Total production is projected to be in the range of 278.2-281.8 MBoe/d, while capital expenditures are expected to be between $1.36 billion and $1.44 billion. For the third quarter, oil volumes are expected to be in the range of 161.5-164.5 Mbo/d and capital spending between $360 million and $390 million. Chord raised the full-year LOE midpoint to $10.30 per barrel of oil equivalent (Boe), reflecting additional production-enhancement initiatives, higher workover costs and higher non-operated LOE. The company expects about $3.0 billion of adjusted EBITDA and $1.3 billion of adjusted free cash flow for 2026, assuming $75 WTI and $3 Henry Hub in the second half. Since the earnings release, investors have witnessed a upward trend in estimates revision. The consensus estimate has shifted 18.26% due to these changes. Currently, Chord Energy Corporation has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock has a score of A on the value side, putting it in the top quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Chord Energy Corporation has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Chord Energy Corporation is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, EOG Resources (EOG), a stock from the same industry, has gained 7.2%. The company reported its results for the quarter ended June 2026 more than a month ago. EOG Resources reported revenues of $8.62 billion in the last reported quarter, representing a year-over-year change of +57.4%. EPS of $5.07 for the same period compares with $2.32 a year ago. EOG Resources is expected to post earnings of $4.31 per share for the current quarter, representing a year-over-year change of +59%. Over the last 30 days, the Zacks Consensus Estimate has changed +6.4%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for EOG Resources. Also, the stock has a VGM Score of A. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chord Energy Corporation (CHRD) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for EOG Resources (EOG). Shares have added about 11% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is EOG Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. EOG Resources, Inc. reported second-quarter 2026 adjusted earnings of $5.07 per share, up 118.5% year over year and above the Zacks Consensus Estimate of $5.01 by 1.2%. Revenues jumped 57.4% to $8.62 billion and beat the consensus mark of $7.87 billion by 9.6%. The strong quarter reflected higher oil prices and impressive production. Total production increased 24.4% from 1,134.1 thousand barrels of oil equivalent per day (MBoE/D) in the year-ago quarter. Our model predicted a 22.4% year-over-year increase in the metric for the June quarter of this year. Crude oil and condensate output rose 8.8%, while natural gas liquids volumes soared 34.2% to 346.8 thousand barrels per day (MBbl/D). Natural gas production climbed 38.6% to 3,089 million cubic feet per day (MMcf/D). The company also established oil production in the United Arab Emirates after successful tests of two one-mile lateral wells, each averaging more than 25,000 barrels of cumulative oil production during the first 30 days. The composite realized price for crude oil and condensate was $98.15 per barrel, up 51.4% from $64.82 a year earlier. Natural gas liquids fetched $24.41 per barrel, a 7.5% increase. The composite natural gas price declined 2.4% to $2.89 per Mcf. Even so, stronger oil realizations more than offset the softer gas price and supported a sharp increase in crude oil and condensate revenues to $4.90 billion from $2.97 billion. Lease and well expenses increased to $467 million from $396 million, while gathering, processing and transportation costs rose to $676 million from $455 million. The increases reflected the company's larger production base. On a per-unit basis, lease and well costs improved to $3.64 per Boe from $3.84. Gathering, processing and transportation costs rose to $5.27 per Boe from $4.41, while non-GAAP cash operating costs increased to $10.57 per Boe from $9.94. Adjusted cash flow from operations reached $4.39 billion, up from $2.50 billion in the prior-year period. After $1.59 billion of capital expenditures, free cash flow totaled $2.80 billion versus $973 million a year ago. EOG paid $540 million in regular dividends and repurchased $1.29 billion of shares during the June quarter. Cash and cash equivalents were $4.91 billion at June 30, 2026, up from $3.85 billion at the end of the first quarter. Current and long-term debt was $7.93 billion. Net debt declined to $3.02 billion from $4.08 billion sequentially. The net debt-to-total capitalization ratio improved to 8.7% from 11.7%, preserving financial flexibility while the company continued substantial shareholder distributions. For the third quarter, EOG expects crude oil and condensate production of 546 to 551 MBbl/D and total output of 1,389.7 to 1,434.7 MBoE/D. Capital expenditures are projected at $1.6 to $1.7 billion. For 2026, the company forecasts crude oil and condensate volumes of 546.3 to 551.1 MBbl/D and total production of 1,378.3 to 1,423.1 MBoE/D. Full-year capital expenditures are expected to range from $6.3 billion to $6.7 billion, while management projects oil production to increase 5% and total production 14% in 2026. In the past month, investors have witnessed a upward trend in fresh estimates. The consensus estimate has shifted 6.42% due to these changes. Currently, EOG Resources has a strong Growth Score of A, a score with the same score on the momentum front. Following the exact same course, the stock has a grade of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, EOG Resources has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. EOG Resources is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, EQT Corporation (EQT), a stock from the same industry, has gained 8.8%. The company reported its results for the quarter ended June 2026 more than a month ago. EQT reported revenues of $1.81 billion in the last reported quarter, representing a year-over-year change of +13.2%. EPS of $0.39 for the same period compares with $0.45 a year ago. EQT is expected to post earnings of $0.49 per share for the current quarter, representing a year-over-year change of -5.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -12.2%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for EQT. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EOG Resources, Inc. (EOG) : Free Stock Analysis Report EQT Corporation (EQT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research