11 Best Natural Gas Stocks To Buy Now

8. EOG Resources, Inc. (NYSE:EOG)

Number of Hedge Fund Holders: 46

Next on our list of the Best Natural Gas Stocks is EOG Resources, Inc. (NYSE:EOG), one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the US and Trinidad.

EOG Resources, Inc. (NYSE:EOG) reported exceptional results during Q3 2024 with peer-leading US price realizations of $76.95 per barrel of oil and $1.84 per Mcf for natural gas. Moreover, the company’s oil production midpoint increased by 800 barrels per day, natural gas liquids by 2,800 per day, and natural gas by 24 million standard cubic feet per day. The company boasted revenue of $5.97 billion during the quarter, down almost 4% YoY but still above analysts’ estimates by $14.25 million.

EOG Resources, Inc. (NYSE:EOG) boasts a robust balance sheet and since the end of 2020 through Q3 2024, it generated more than $22 billion in free cash flow and more than $25 billion in adjusted net income. The company has also increased its regular dividend rate by 160% and has paid or committed to pay more than $13 billion directly to shareholders and $3.2 billion indirectly through share repurchases, all while reducing debt by 35%. The company has never reduced or suspended its regular dividend in the last 27 years and raised its quarterly dividend by 7.1% to $0.975 per share in November.

As a result, EOG Resources, Inc. (NYSE:EOG) was included among the 13 Best Natural Gas and Oil Dividend Stocks To Buy.