Eog Resources vs EQT (EOG vs EQT)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Eog Resources is the larger company by revenue ($22.6B vs $8.6B) and market value ($77.8B vs $34.8B). EQT has grown revenue faster over the last 4 fiscal years (+27.0% cumulative vs +21.4%). EQT runs the higher operating margin (37.6% vs 28.2%). Eog Resources trades at the lower trailing P/E (11.3x vs 12.9x).
About Eog Resources
EOG Resources Inc explores, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in the United States, Trinidad and Tobago, and select international areas including Bahrain and the United Arab Emirates. The company operates in major U.S. basins such as the Delaware Basin, South Texas, Appalachian Basin, and Rocky Mountain area, focusing on crude oil and natural gas plays. EOG also markets its production through pipelines and local markets, selling crude oil, natural gas liquids, and purity products at prevailing market prices.
About EQT
EQT Corp is a natural gas company operating primarily in the Appalachian Basin. It engages in upstream activities including the production of natural gas, natural gas liquids, and oil, as well as gathering and transmission through its pipeline infrastructure. The company serves customers involved in power generation, industrial consumption, data centers, and LNG exports.
Head to head (EOG FY2025 vs EQT FY2025)
| Metric | EOGFY2025 | EQTFY2025 |
|---|---|---|
| Revenue | $22.63B | $8.64B |
| Revenue growth (YoY) | -4.5% | 63.9% |
| Gross margin | — | 82.3% |
| Operating margin | 28.2% | 37.6% |
| Net margin | 22.0% | 23.6% |
| Net income | $4.98B | $2.04B |
| Diluted EPS | $9.12 | $3.31 |
| FCF margin | — | 32.8% |
| ROE | 16.7% | 7.5% |
| Long-term debt / equity | 0.27× | 0.27× |
| Market cap | $77.81B | $34.77B |
| P/E | 11.3× | 12.9× |
Fundamentals are from each company’s SEC filings (EOG FY2025, EQT FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| EOG | $18.64B | $25.70B | $24.19B | $23.70B | $22.63B |
| EQT | $6.80B | $12.11B | $5.04B | $5.27B | $8.64B |
Peer standing
Where each company ranks among the 61 oil and gas companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | EOG | EQT |
|---|---|---|
| Operating margin | 28.2%71st percentile of 50 | 37.6%90th percentile of 50 |
| Net margin | 22.0%81st percentile of 58 | 23.6%84th percentile of 58 |
| Revenue growth (YoY) | -4.5%29th percentile of 59 | +63.9%88th percentile of 59 |
| ROE | 16.7%85th percentile of 49 | 7.5%50th percentile of 49 |
| P/E | 11.3×45th percentile of 41 | 12.9×58th percentile of 41 |
| Long-term debt / equity | 0.27×22nd percentile of 37 | 0.27×25th percentile of 37 |
| Short interest (days to cover) | 4.51d54th percentile of 60 | 3.44d37th percentile of 60 |
Short interest
| FINRA settlement data | EOG | EQT |
|---|---|---|
| Shares sold short | 14.6M | 19.2M |
| Change vs prior settlement | -10.2% | +5.5% |
| Days to cover | 4.51 | 3.44 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | EOG | EQT |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 1 ($5.5M) | 4 ($15.0M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both Eog Resources and EQT as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.