# EOG Resources Projects Up to $935 Million Q3 Tax Expense as Jefferies Raises Price Target

- URL: https://stocks.freetheai.org/news/eog-resources-projects-up-to-935-million-q3-tax-expense-as-jefferies-raises-f969be
- Published: 2026-10-12T11:00:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NYSE:EOG](https://stocks.freetheai.org/symbols/NYSE-EOG)
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EOG Resources, Inc. (EOG) anticipates current tax expenses between $835 million and $935 million for the third quarter of 2026. Alongside the tax projection, official filings disclosed $40 million in net cash received from commodity derivative settlements during the period. No cash was received from Brent-linked gas agreements, which remain set to begin deliveries in January 2027.

Following updated evaluations of the company and broader energy market, Jefferies raised its price target for EOG Resources from $175 to $185 per share. The stock was last trading at $148.20, down 0.24% on the day. The target increase reflects analyst confidence even as the company outlined significant quarterly tax obligations.

Looking ahead, market participants will watch for full third-quarter earnings disclosures to evaluate complete cash flow and operating performance, alongside updates on contract preparations leading into 2027.

## Key points

- EOG Resources expects third-quarter 2026 current tax expenses of $835 million to $935 million.
- Jefferies raised its price target on EOG Resources from $175 to $185 per share.
- EOG Resources received $40 million in net cash from financial commodity derivative settlements in Q3 2026.
- EOG Resources recorded no cash from Brent-linked gas contracts ahead of scheduled January 2027 deliveries.

## Questions and answers

### What is EOG Resources' expected Q3 2026 tax expense?

EOG Resources expects its third-quarter 2026 current tax expense to range between $835 million and $935 million.

### What is the new price target for EOG Resources from Jefferies?

Jefferies raised its price target on EOG Resources from $175 to $185 per share.

### When do deliveries for EOG's Brent-linked gas contracts start?

Deliveries under EOG Resources' Brent-linked gas contracts are scheduled to begin in January 2027.