회사 개요
EOG Resources, Inc. is a prominent entity within the Energy sector, specifically operating in the Oil & Gas E&P industry, where it explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas across producing basins in the United States, the Republic of Trinidad and Tobago, and international locations. The company's operational scope extends beyond domestic extraction to include the supply of crude oil and condensate, establishing a diversified footprint in global hydrocarbon markets. EOG operates with a substantial scale, evidenced by a market capitalization of $73.27B and an annual revenue of $22.65B, supported by a workforce of 3,400 employees. These valuation and revenue figures indicate that the company maintains a significant position within the capital markets, reflecting the high asset values and revenue generation capacity typical of major upstream energy producers who manage complex extraction and marketing operations across multiple geopolitical regions.
재무 건전성
The company reports a trailing twelve-month revenue of $22.65B with a corresponding net income of $4.98B and EBITDA of $11.72B, revealing a cost structure where net income is approximately 22.0% of total revenue. The gap between the $22.65B revenue and the $4.98B net income highlights the substantial operational expenses, including depletion, depletion of assets, and general administrative costs inherent to the E&P business model. EOG generates $2.33B in free cash flow, which provides the financial flexibility necessary to service debt obligations, fund capital expenditures, or return capital to shareholders without compromising operational liquidity. The company's margin profile is defined by a gross margin of 62.0%, an operating margin of 16.9%, and a profit margin of 22.0%, indicating that while extraction costs are managed effectively to preserve gross profitability, operating expenses significantly impact the bottom line relative to sales. Regarding capital structure, the company holds $3.40B in cash against $9.13B in debt, resulting in a debt-to-equity ratio of 30.62%, which suggests a balance sheet that is leveraged but maintains a prudent level of gross debt relative to equity. Liquidity is supported by a current ratio of 1.63, indicating that the company possesses sufficient current assets to cover its short-term liabilities with a comfortable buffer. Management effectiveness is further evidenced by a Return on Equity of 16.8% and a Return on Assets of 8.2%, demonstrating the ability to generate substantial returns on shareholder capital and utilize the asset base efficiently.
밸류에이션 평가
Valuation metrics for EOG show a trailing P/E ratio of 14.98 and a forward P/E of 10.64, implying that the market expects earnings to grow significantly in the future to justify the lower forward multiple. The price-to-book ratio stands at 2.46, indicating that the market values the company at a significant premium over its book value, likely reflecting the high quality and reserve value of its underlying oil and gas assets. Alternative valuation measures such as the price-to-sales ratio of 3.23 and an EV/EBITDA of 6.74 suggest a valuation that is reasonable relative to sales volume and earnings power before interest, taxes, depreciation, and amortization. Price action analysis reveals a 52-week high of $151.87 and a 52-week low of $101.59, providing a reference range for assessing current trading levels relative to historical volatility over the past year. The stock exhibits a beta of 0.33, which indicates that the share price is significantly less volatile than the broader market, suggesting a defensive characteristic relative to the typically high-beta nature of the energy sector.
Growth & Income
Recent performance data indicates a revenue growth of 0.0% and an earnings growth of -41.7% year-over-year, revealing that earnings are currently contracting at a much faster rate than revenue, which is a notable divergence often seen during commodity price cycles or periods of cost inflation. As a dividend payer, EOG offers a dividend yield of 3.0% with a payout ratio of 43.3%, suggesting that the current dividend distribution is sustainable given the company's earnings trajectory and free cash flow generation capabilities. The combination of flat revenue growth and declining earnings growth points to a cyclical downturn or specific operational headwinds rather than a structural failure in the business model. Overall, the growth and income profile reflects a mature energy producer currently navigating a period of earnings contraction while maintaining a robust dividend yield and a conservative enough balance sheet to withstand market fluctuations.