EOG Resources' stock surged 7.45% during the night session, driven by positive investor reaction to the company's latest financial performance and strategic announcements.

The energy company reported its fourth-quarter and full-year 2025 results, highlighting strong free cash flow of US$4.70 billion that was fully returned to shareholders through dividends and US$2.50 billion in share buybacks. The company also affirmed a US$1.02 per-share dividend payable in April 2026 and demonstrated efficiency gains alongside reserve growth.

Adding to the positive sentiment, Jefferies raised its price target on EOG Resources to $146 from $140 while maintaining a Buy rating on the shares following the quarterly report. The company's earnings call further emphasized its disciplined cash management approach and outlined new production and exploration plans for 2026.