Recent EOG Resources shows a gross margin of 63.5%, an operating margin of 35.8%, an EBITDA margin of 53%, and a net margin of 27.5%. The company's available margins all improved, with operating margin showing the strongest expansion of 4.6 percentage points.
EOG margin history
Over the last 3 years, EOG Resources's margins averaged 62.51% gross, 34.18% operating, 52.44% EBITDA, and 26.83% net. Compared with their three-year averages, all four current margins are higher.
EOG margin expansion
Gross margin expanded by 1.6 percentage points, operating margin by 4.6 percentage points, EBITDA margin by 1.9 percentage points, and net margin by 3 percentage points, led by operating margin with an increase of 4.6 percentage points.
EOG Gross margin
Looking at the last 3 years, EOG Resources had an average gross margin of 62.51%. Against its three-year average, EOG Resources's gross margin is currently 63.5%, 1 percentage points above its three-year average. Looking back over the last 3 years, EOG Resources's gross margin reached 63.7% at its highest point in Dec 2023 and 61.2% at its lowest in Mar 2025.
EOG Operating margin
Reviewing the last 3 years, EOG Resources recorded an average operating margin of 34.18%. EOG Resources's current operating margin is 35.8% and is 1.6 percentage points above its three-year average. The highest operating margin for EOG Resources was 39.7% in Dec 2023, while the lowest was 28.2% in Dec 2025.
EOG EBITDA margin
In the last 3 years, EOG Resources had an average EBITDA margin of 52.44%. The current EBITDA margin stands at 53%, 0.6 percentage points above its three-year average. Looking back over the last 3 years, EOG Resources's EBITDA margin reached 55.1% at its highest point in Dec 2023 and 48.9% at its lowest in Dec 2025.
EOG Net margin
The average net margin for EOG Resources was 26.83% over the last 3 years. Currently, the current net margin for EOG Resources is 27.5%, 0.7 percentage points above its three-year average. The net margin for EOG Resources moved between 22% in Dec 2025 and 31.4% in Dec 2023.
EOG margin group comparison
EOG Resources's gross margin of 63.5% is above the Energy sector, the industry and its peers average. Looking at its Energy sector average of 42.7%, EOG Resources's gross margin is 49% higher.
EOG margin peer comparison
Frequently asked questions
What is EOG Resources's gross margin?
As of Sep 30, 2026, EOG has a gross margin of 63.5%.
What is EOG Resources's operating margin?
For the period ending Sep 30, 2026, EOG recorded an operating margin of 35.8%.
What is EOG Resources's EBITDA margin?
The current EBITDA margin for EOG is 53% as of Sep 30, 2026.
What is EOG Resources's net margin?
The current net margin for EOG is 27.5% as of Sep 30, 2026.
What are the average margins of EOG?
The three-year average margins for EOG were 62.5% gross, 34.2% operating, 52.4% EBITDA, and 26.8% net.
What are the highest historical margins of EOG?
Over this 5-year history, EOG peaked at 65.4% gross in Jun 2023, 43.2% operating in Mar 2023, 56.7% EBITDA in Jun 2023, and 33.8% net in Mar 2023.
What are the lowest historical margins of EOG?
In the last 5 years, the lowest margins reported by EOG were 61.2% gross in Mar 2025, 28.2% operating in Dec 2025, 48.9% EBITDA in Dec 2025, and 22% net in Dec 2025.