EOG Resources updated its third quarter 2026 financial outlook, increasing the forecast for current tax expense from a previous range of $545 million to $645 million. The company now expects the expense to fall between $835 million and $935 million. This revision is driven by higher realized crude oil prices during the quarter and anticipated full-year pricing levels resulting from ongoing geopolitical conflicts in the Middle East. EOG explicitly stated it is not updating or confirming any other guidance ranges for the third quarter or the full year 2026 previously issued on August 4, 2026. Additionally, the company reported receiving $40 million in net cash from settlements of financial commodity derivative contracts during the quarter. EOG Resources operates as an independent oil and natural gas exploration and production company.
