EOG raises Q3 2026 current tax expense guidance to $835M-$935M on higher crude realizations

EOG RESOURCES INC

Q3 2026 current tax expense guidance lifted to $835M-$935M from the prior $545M-$645M forecast issued with Q2 results on August 4, 2026.
EOG attributes the increase to higher crude oil prices realized in Q3 2026 and anticipated for full year 2026 due to the ongoing conflict in the Middle East.
EOG is not updating or confirming any other Q3 2026 or full year 2026 ranges included in the August 4, 2026 guidance.
Q3 2026 benchmarks: NYMEX WTI crude averaged $85.68 per barrel; Henry Hub natural gas averaged $2.95 per MMBtu.
EOG received $40 million net cash from settlements of Financial Commodity Derivative Contracts in Q3 2026; no cash yet from the Brent-linked gas sales contract, with deliveries starting January 2027.

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