EOG · 10-Q · 2026Q3 · Full report
Income Tax Rate Changes
EOG RESOURCES INC · 2026-11-05 · Importance 63 · Surprise 64 · Matches filing data
Third-quarter 2026 income tax expense increased to $783 million from $353 million in 2025, primarily because pretax income rose. The quarter's net effective tax rate increased to 22% from 19%, primarily because certain 2025 state tax benefits related to the Encino acquisition did not recur. For the first nine months of 2026, income tax expense increased to $2.133 billion from $1.173 billion, primarily due to higher pretax income, while the effective tax rate remained 22%.
Key facts
- EOG's third-quarter 2026 income taxes were $783 million versus $353 million in the third quarter of 2025, primarily due to increased pretax income; its net effective tax rate rose to 22% from 19%, mainly because certain 2025 state tax benefits related to the Encino acquisition did not recur. source
- EOG's net effective tax rate for the first nine months of 2026 was 22%, unchanged from the year-earlier period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -5.0% | EOG's third-quarter 2026 income taxes were $783 million versus $353 million in the third quarter of 2025, primarily due to increased… |