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EOG Resources（EOG）与MARTIN MIDSTREAM PARTNERS L.P.（MMLP）财务数据对比。点击上方公司名可切换其他公司
EOG Resources的季度营收约是MARTIN MIDSTREAM PARTNERS L.P.的30.0倍（$5.6B vs $187.7M）。EOG Resources净利率更高（12.4% vs 1.7%，领先10.7%）。EOG Resources同比增速更快（0.9% vs -2.5%）。过去两年MARTIN MIDSTREAM PARTNERS L.P.的营收复合增速更高（0.8% vs -4.0%）
EOG Resources是一家美国能源企业，主营油气勘探开发业务。公司于特拉华州注册，总部设立在得克萨斯州休斯敦的Heritage Plaza大厦，在油气勘探领域拥有成熟的技术储备与运营经验。
Martin Midstream Partners L.P.是美国中游能源服务提供商，主营原油、天然气液、精炼石油产品及特种化学品的存储、运输、分销与加工服务，主要服务北美能源及工业领域客户。
EOG vs MMLP — 直观对比
营收规模更大
EOG
是对方的30.0倍
$187.7M
营收增速更快
EOG
高出3.5%
-2.5%
净利率更高
EOG
高出10.7%
1.7%
两年增速更快
MMLP
近两年复合增速
-4.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $187.7M |
| 净利润 | $701.0M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 16.7% | — |
| 净利率 | 12.4% | 1.7% |
| 营收同比 | 0.9% | -2.5% |
| 净利润同比 | -44.0% | 132.4% |
| 每股收益（稀释后） | $1.31 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EOGMMLP
| Q1 26 | — | $187.7M | ||
| Q4 25 | $5.6B | $174.2M | ||
| Q3 25 | $5.8B | $168.7M | ||
| Q2 25 | $5.5B | $180.7M | ||
| Q1 25 | $5.7B | $192.5M | ||
| Q4 24 | $5.6B | $171.3M | ||
| Q3 24 | $6.0B | $170.9M | ||
| Q2 24 | $6.0B | $184.5M |
净利润EOGMMLP
| Q1 26 | — | $3.2M | ||
| Q4 25 | $701.0M | $-2.9M | ||
| Q3 25 | $1.5B | $-8.4M | ||
| Q2 25 | $1.3B | $-2.4M | ||
| Q1 25 | $1.5B | $-1.0M | ||
| Q4 24 | $1.3B | $-8.9M | ||
| Q3 24 | $1.7B | $-3.3M | ||
| Q2 24 | $1.7B | $3.8M |
毛利率EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | 57.1% | ||
| Q3 25 | — | 55.1% | ||
| Q2 25 | — | 56.5% | ||
| Q1 25 | — | 53.5% | ||
| Q4 24 | — | 58.2% | ||
| Q3 24 | — | 58.5% | ||
| Q2 24 | — | 58.4% |
营业利润率EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 7.3% | ||
| Q3 25 | 31.4% | 4.1% | ||
| Q2 25 | 31.9% | 8.2% | ||
| Q1 25 | 32.8% | 7.5% | ||
| Q4 24 | 28.5% | 4.0% | ||
| Q3 24 | 35.0% | 7.4% | ||
| Q2 24 | 35.4% | 10.8% |
净利率EOGMMLP
| Q1 26 | — | 1.7% | ||
| Q4 25 | 12.4% | -1.7% | ||
| Q3 25 | 25.2% | -5.0% | ||
| Q2 25 | 24.6% | -1.3% | ||
| Q1 25 | 25.8% | -0.5% | ||
| Q4 24 | 22.4% | -5.2% | ||
| Q3 24 | 28.0% | -1.9% | ||
| Q2 24 | 28.0% | 2.0% |
每股收益（稀释后）EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | $1.31 | — | ||
| Q3 25 | $2.70 | — | ||
| Q2 25 | $2.46 | — | ||
| Q1 25 | $2.65 | — | ||
| Q4 24 | $2.25 | — | ||
| Q3 24 | $2.95 | — | ||
| Q2 24 | $2.95 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.4B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $29.8B | — |
| 总资产 | $51.8B | $537.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $6.6B | — | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.4B | — |
总债务EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | — | $428.0M | ||
| Q3 25 | — | $441.3M | ||
| Q2 25 | — | $427.8M | ||
| Q1 25 | — | $451.4M | ||
| Q4 24 | — | $437.6M | ||
| Q3 24 | — | $469.3M | ||
| Q2 24 | — | $439.4M |
股东权益EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | $29.8B | — | ||
| Q3 25 | $30.3B | — | ||
| Q2 25 | $29.2B | — | ||
| Q1 25 | $29.5B | — | ||
| Q4 24 | $29.4B | — | ||
| Q3 24 | $29.6B | — | ||
| Q2 24 | $29.2B | — |
总资产EOGMMLP
| Q1 26 | — | $537.1M | ||
| Q4 25 | $51.8B | $522.4M | ||
| Q3 25 | $52.2B | $510.1M | ||
| Q2 25 | $46.3B | $515.6M | ||
| Q1 25 | $47.0B | $533.4M | ||
| Q4 24 | $47.2B | $538.5M | ||
| Q3 24 | $46.2B | $554.8M | ||
| Q2 24 | $45.2B | $535.1M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.6B | — |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 3.73× | — |
| 过去12个月自由现金流最近4个季度 | — | $27.2M |
8季度趋势，按日历期对齐
经营现金流EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $22.4M | ||
| Q3 25 | $3.1B | $-1.2M | ||
| Q2 25 | $2.0B | $30.9M | ||
| Q1 25 | $2.3B | $-6.0M | ||
| Q4 24 | $2.8B | $42.2M | ||
| Q3 24 | $3.6B | $-15.8M | ||
| Q2 24 | $2.9B | $11.8M |
自由现金流EOGMMLP
| Q1 26 | — | $-6.0M | ||
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-7.9M | ||
| Q2 25 | — | $25.6M | ||
| Q1 25 | — | $-11.9M | ||
| Q4 24 | — | $34.2M | ||
| Q3 24 | — | $-25.6M | ||
| Q2 24 | — | $-696.0K |
自由现金流率EOGMMLP
| Q1 26 | — | -3.2% | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | -4.7% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | -15.0% | ||
| Q2 24 | — | -0.4% |
资本支出强度EOGMMLP
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 6.8% |
现金转化率EOGMMLP
| Q1 26 | — | — | ||
| Q4 25 | 3.73× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 2.14× | — | ||
| Q2 24 | 1.71× | 3.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EOG
| Oil And Condensate | $3.0B | 53% |
| Natural Gas Gathering Transportation Marketing And Processing | $1.1B | 20% |
| Natural Gas Production | $847.0M | 15% |
| Natural Gas Liquids Reserves | $666.0M | 12% |
| Other Net | $20.0M | 0% |
MMLP
| Specialty products | $61.6M | 33% |
| Transportation * | $52.8M | 28% |
| Other | $46.5M | 25% |
| Terminalling and storage * | $22.4M | 12% |
| Sulfur services | $4.4M | 2% |
