Eog resources to acquire encino acquisition partners from cpp investments and encino energy, strengthening premier utica asset; increases regular dividend 5%

Houston , may 30, 2025 /prnewswire/ -- eog resources, inc. (eog) today announced a definitive agreement with canada pension plan investment board (cpp) and encino energy under which eog will acquire encino acquisition partners (eap or encino) for $5.6 billion, inclusive of eap's net debt. eog currently expects to fund the acquisition through $3.5 billion of debt and $2.1 billion of cash on hand.
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