NewsHK
revised its third quarter 2026 current tax expense guidance upward on October 8, 2026, citing higher crude oil prices realized during the period and anticipated for the full year due to the ongoing conflict in the Middle East.
The Houston-based company now expects its third quarter current tax expense to fall between $835 million and $935 million, a significant increase from the $545 million to $645 million range originally provided with its second quarter results on August 4, 2026.
In its Form 8-K filing with the U.S. Securities and Exchange Commission, EOG stated that this update reflects market conditions that diverged from its expectations at the time of the initial guidance.
The company clarified that it is not updating or confirming any other financial ranges for the third quarter or full year 2026 that were included in its August 4 guidance. The revision was signed by Ann D.
Keep reading