Background: Perioperative fluid therapy can influence oxygen delivery and tissue oxygenation, but its effects in horses are poorly understood. Objectives: To compare two intraoperative fluid administration strategies on peripheral tissue oxygenation (StO 2 ) and cardiorespiratory variables in isoflurane-anaesthetised horses. Study Design: In vivo, randomised experimental study. Methods: Sixteen euvolemic adult horses undergoing coeliotomy for intestinal sampling were anaesthetised with xylazine, ketamine, and midazolam, maintained on isoflurane with a constant-rate lidocaine infusion. Horses received lactated Ringer’s solution at either 2.5 mL/kg/hr (maintenance; MNT) or 40 mL/kg/hr (overhydration; OHD) for 120 minutes. Peripheral tissue oxygenation was measured at the extensor carpi radialis using near-infrared spectroscopy (NIRS). Heart rate, respiratory rate, mean arterial pressure (MAP), central venous pressure (CVP), cardiac output (CO), serum lactate, and urine output were recorded at baseline, 60, and 120 minutes. Data were analysed using mixed-effects linear regression and Bland–Altman repeated-measures correlation. Results: Over time, StO 2 increased in both groups (P = 0.019) and it was weakly correlated with MAP and lactate (ρ = 0.36, P = 0.05). At 60 and 120 minutes, MAP, CVP, and lactate concentrations were significantly higher in the OHD group (P < 0.01). Cardiac output increased over time in the MNT group and slightly declined in the OHD group, indicating a significant interaction (LR χ 2 = 8.27, P = 0.016). Urinary output was 0.72 (0.53–1.63) mL/kg/hr with OHD compared to 0.37 (0.20–0.58) mL/kg/hr with MNT (P < 0.05). Main limitations: Small sample size and short observation window may have influenced results. Conclusions: High-rate fluid therapy increased MAP, CVP, and urine output compared with MNT, but did not enhance StO 2 or CO. Tissue oxygenation increased over time regardless of fluid rate, suggesting limited benefits of aggressive crystalloid administration for this purpose.