EOG Raises Third-Quarter Tax Expense Estimate on Higher Oil Prices
Filed with the SEC on · Summarized by InvestorsBot
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 previous estimate of $545 million to $645 million, due to higher realized crude oil prices linked to the ongoing Middle East conflict. The company did not update or confirm other third-quarter or full-year 2026 guidance and reported receiving $40 million in net cash from commodity derivative settlements during the quarter.