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# EOG Raises Third-Quarter Current Tax Forecast To $835 Million-$935 Million On Higher Oil Prices
- URL: https://www.bullished.co/eog-raises-third-quarter-current-tax-forecast-to-835-million-935-million-on-higher-oil-e968a03e/
- Published: 2026-10-08T20:36:26.000Z
- Updated: 2026-10-08T20:36:26.000Z
- Description: The 8-K ties the bigger bill to crude running above August expectations because of the Middle East conflict; other 2026 guidance is left as is.
- Author: Matteo Parrino
- Tags: Earnings, EOG, Industry: Energy

EOG Resources now expects third-quarter current tax expense of [$835 million to $935 million](https://www.sec.gov/Archives/edgar/data/0000821189/000082118926000202/eog-20261008.htm?ref=bullished.co), up from the $545 million to $645 million it guided to on August 4, according to an 8-K filed Thursday. Current tax expense is the part of the tax bill due now rather than deferred.

## What the 8-K says

EOG blamed the higher estimate on crude prices realized in the third quarter, and those anticipated for the full year, coming in above what it assumed on August 4\. The filing attributes the higher prices to ["the ongoing conflict in the Middle East."](https://www.sec.gov/Archives/edgar/data/0000821189/000082118926000202/eog-20261008.htm?ref=bullished.co)

The low ends of the old and new ranges sit $290 million apart, both figures stated in the filing.

[NYMEX West Texas Intermediate crude averaged $85.68](https://www.sec.gov/Archives/edgar/data/0000821189/000082118926000202/eog-20261008.htm?ref=bullished.co) per barrel in the quarter ended September 30, and Henry Hub natural gas averaged $2.95 per million British thermal units. EOG cautioned that its own realized prices differ from those benchmarks because of delivery location, quality and revenue adjustments.

## Hedges and the Brent-linked gas contract

EOG received net cash of $40 million in the quarter from settling its financial price-hedging contracts. It booked no cash from its 10-year natural gas sales agreement linked to Brent crude, because deliveries are expected to begin in January 2027.

Both the hedges and the Brent-linked contract are accounted for at market value, the filing says.

## What it changes for holders

The update covers one line item. EOG said it is not updating or confirming any other third-quarter or full-year 2026 ranges from the August 4 guidance, so those figures neither moved nor were reaffirmed.

EOG shares closed at $148.51 on Thursday, up about 3% on the session. The filing was accepted at 4:17 p.m. ET, after the session ended, so that move came before the disclosure.

The remaining 2026 guidance ranges from August 4 stand unconfirmed, so EOG's full third-quarter results are the next place to see how the rest of the year's outlook holds.

### Sources

- [8-K Filing — EOG RESOURCES INC (EOG)](https://www.sec.gov/Archives/edgar/data/0000821189/000082118926000202/eog-20261008.htm?ref=bullished.co) — SEC EDGAR