EOG Resources raises Q1 2026 tax expense guidance to $500-600M on higher oil prices

EOG RESOURCES INC

Q1 2026 current tax expense now $500M-$600M, up from prior $230M-$330M guidance (Feb 24, 2026).
Increase reflects higher realized crude oil prices in Q1 due to Middle East conflict.
Paid net cash $53M for financial commodity derivative settlements in Q1.
NYMEX WTI averaged $72.17/bbl and Henry Hub natural gas $4.96/MMBtu for Q1.
No other Q1 or full-year 2026 guidance ranges confirmed or updated.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EOG RESOURCES INC updated its first quarter 2026 guidance (raised).

Period: first quarter 2026
Guidance: raised
Result: guidance update

Exact text from the filing

EOG now expects its first quarter 2026 current tax expense to be $500 million - $600 million.

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Source: SEC EDGAR

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