2 hours ago
Description
(AWP Alliance News) - EOG Resources raised its forecast for third-quarter 2026 current tax expense to USD 835 million-USD 935 million. The prior range, issued with second-quarter results on Aug. 4, was USD 545 million-USD 645 million.
The update reflects higher crude oil prices realized in the quarter, with NYMEX WTI averaging USD 85.68 a barrel, driven by expectations tied to the ongoing Middle East conflict. EOG received USD 40 million of net cash from settlements of Financial Commodity Derivative Contracts in the quarter.
The company left all other third-quarter and full-year 2026 guidance ranges unchanged.
https://www.sec.gov/Archives/edgar/data/821189/0000821189-26-000202-ind…
Disclaimer: This news brief was created using generative artificial intelligence. EOG Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission, on October 08, 2026, and is solely responsible for the information contained therein.
