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AI brief of an SEC Form 8-K · EOG Resources (EOG)

EOG raises Q1 2026 current tax expense guidance to $500 million-$600 million

Mixed Impact 4 of 5 guidance Written later

On April 9, 2026, EOG updated its first quarter 2026 guidance for current tax expense, raising it to $500 million-$600 million from the $230 million-$330 million range it gave on February 24, 2026. EOG said higher crude oil prices in the first quarter, and those expected for the full year, tied to the Middle East conflict drove the change. EOG is not updating any other first quarter or full year 2026 guidance ranges from February.

Key points

  • Q1 2026 current tax expense guidance now $500 million-$600 million, up from $230 million-$330 million.
  • EOG cited higher crude oil prices realized in Q1 2026 and anticipated for full year 2026 due to the Middle East conflict.
  • NYMEX West Texas Intermediate crude averaged $72.17 per barrel and Henry Hub natural gas averaged $4.96 per million British thermal units in Q1 2026.
  • EOG paid net cash of $53 million to settle financial commodity derivative contracts in Q1 2026; no other guidance ranges were updated.

The filing

CompanyEOG Resources (EOG)
Form8-K, current report
Filed with the SECApr 9, 2026, 4:31 PM ET
Accession number0000821189-26-000078

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 09, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.