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EQT Corporation EQT Q1 2026 earnings

Reported April 21, 2026 · After market close

Revenue estimate$3.2B
EPS estimate$2.08

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$1.8B
EPS estimate$0.45

Financials

Q1 2026

Income statement

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Revenue$3.4B+94.2%
Gross profit$3.0B+119%
Operating income$2.0B+310%
Net income$1.5B+514%
EPS (diluted)$2.36+490%

Balance sheet

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Cash & equivalents$326.6M+15.9%
Total debt$6.0B-28.6%
Total equity$25.1B+21.2%
Total assets$41.7B+5.0%

Cash flow

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Operating cash flow$3.1B+75.5%
CapEx$598.5M+19.8%
Free cash flow$2.5B+97.9%

Valuation & ratios

Valuation

as of 07/09/26
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Market cap$32B+24.5%
Enterprise value$37.67B+13.4%
P/E9.7×-59.9×
P/S3.1×-1.5×

Profitability

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Gross margin84.9%+16.1pp
Operating margin46.6%+28.7pp
Net margin31.9%+25.3pp
FCF margin39.4%

Returns & leverage

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Return on equity14.3%+12.3pp
Debt / equity0.2×-0.2×
Current ratio0.7×+0.1×

Segments

By product

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Total revenues from contracts with customers$3.6B+49.6%
Natural gas$3.3B+58.8%
NGLs$157.1M-9.6%
Oil$28.5M+35.9%

By segment

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Upstream$3.2B
Gathering$335.0M-0.1%
Transmission$161.5M+10.4%

Versus estimates

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Questions, answered.

When did EQT Corporation report Q1 2026 earnings?
EQT Corporation (EQT) reported Q1 2026 earnings on April 21, 2026 after market close.
What were EQT Corporation's Q1 2026 revenue and EPS?
EQT Corporation reported revenue of $3.4B and diluted EPS of $2.33 for Q1 2026.
Did EQT Corporation beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.2B by $163.4M. EPS beat the consensus estimate of $2.08 by $0.25.
Where can I find EQT Corporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000033213-26-000028) and the 10-Q periodic report (0000033213-26-000030) directly on SEC EDGAR. The filing index links above go to sec.gov.