Form 8-K · Current report
EOG Resources 8-K, filed Oct 8, 2026
- Filed
- CIK
- 0000821189
- Accession no.
- 0000821189-26-000202
Summary
EOG Resources raised its third-quarter 2026 current tax expense guidance to $835–935 million from the $545–645 million it forecast on August 4, 2026, attributing the increase to higher realized crude oil prices amid the ongoing conflict in the Middle East, and said it is not updating or confirming any other guidance ranges. EOG also reported receiving $40 million in net cash from commodity derivative settlements during the quarter.
Key points
- EOG expects third-quarter 2026 current tax expense of $835 million to $935 million, up from prior guidance of $545 million to $645 million issued with second-quarter results on August 4, 2026.
- The company received $40 million in net cash from settlements of financial commodity derivative contracts in the third quarter of 2026, and no cash related to its Brent-linked natural gas sales contract, with deliveries expected to begin in January 2027.
- For the quarter ended September 30, 2026, NYMEX West Texas Intermediate crude oil averaged $85.68 per barrel and NYMEX natural gas at Henry Hub averaged $2.95 per million British thermal units.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
From the filing
Item 2.02 Results of Operations and Financial Condition. I. Recent Developments On October 8, 2026, EOG Resources, Inc. (EOG) updated its guidance regarding current tax expense for the third quarter 2026. In its prior guidance for the third quarter 2026 issued with second quarter 2026 results on August 4, 2026, EOG forecasted current tax expense for the third quarter 2026 of $545 million - $645 million. Due to the higher crude oil prices realized in the third quarter 2026 and anticipated for the full year as a result of the ongoing conflict in the Middle East (versus EOG's expectations at the time of issuance of its third quarter 2026 guidance on August 4, 2026), EOG now expects its third…
An excerpt of the text as filed with the SEC, cut for length.
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