EOG Resources 8-K

Summary

Q3 2026 current tax expense guidance update. EOG raised its expected tax expense as realized and anticipated crude oil prices increased amid the ongoing Middle East conflict. It did not update or confirm any other Q3 or FY2026 guidance ranges.

Key Figures

• Q3 2026 derivative contract settlements: $40M net cash received; no cash received from the Brent-linked gas sales contract, with deliveries expected to begin in January 2027.
• Q3 2026 average NYMEX prices: WTI crude oil $85.68/barrel and Henry Hub natural gas $2.95/MMBtu.

Guidance

• Q3 2026 current tax expense: $835M-$935M, raised from $545M-$645M.

Investor Takeaways

• Q3 current tax expense versus the updated range will show how higher crude prices flow through to taxes; the filing leaves other Q3 and FY2026 outlook ranges unconfirmed.