EOG raises Q3 2026 current tax expense guidance to $835 million-$935 million
EOG Resources said on October 8, 2026 that it now expects third quarter 2026 current tax expense of $835 million to $935 million, up from its August 4, 2026 forecast of $545 million to $645 million. The company attributed the increase to higher crude oil prices realized in the third quarter and expected for the full year amid the ongoing Middle East conflict. EOG said it is not updating any other third quarter or full year 2026 guidance from August.
Key points
- Current tax expense guidance for Q3 2026 raised to $835 million-$935 million from $545 million-$645 million set on August 4, 2026
- Increase reflects higher crude oil prices realized in Q3 2026 and anticipated for the full year due to the ongoing Middle East conflict
- Q3 2026 NYMEX WTI crude averaged $85.68 per barrel; EOG received net cash of $40 million from financial commodity derivative settlements
- All other third quarter and full year 2026 guidance from August 4, 2026 was not updated
The filing
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 October 08, 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.