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EQT Corporation EQT Q2 2026 earnings

Reported July 21, 2026 · After market close

Revenue$1.8BBeat by $46.6M
EPS$0.39Miss by $0.02
Revenue estimate$1.8B
EPS estimate$0.41
“EQT delivered outstanding operational and financial performance in the second quarter, driven by record-setting execution and strong well productivity that resulted in production well above the high end of guidance. Due to the sustained production outperformance resulting from our compression investments, we are raising 2026 production guidance by 90 Bcfe, while lowering our full-year CapEx guidance by $25 million. These results further demonstrate the strength of our low-cost operating model and our ability to consistently create value for shareholders.”
Toby Z. Rice

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$1.9B
EPS estimate$0.50

Financials

Q2 2026

Income statement

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Revenue$1.8B-29.2%
Gross profit$1.4B-34.3%
Operating income$394.0M-65.3%
Net income$211.4M-73.0%
EPS (diluted)$0.34-73.8%

Balance sheet

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Cash & equivalents$112.9M-79.7%
Total debt$5.7B-32.0%
Total equity$25.3B+17.9%
Total assets$41.3B+4.2%

Cash flow

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Operating cash flow$1.0B-15.6%
CapEx$650.2M+18.3%
Free cash flow$397.8M-42.5%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$34.27B+6.9%
Enterprise value$39.81B0.0%
P/E12.6×-15.4×
P/S3.6×-0.9×

Profitability

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Gross margin83.7%+5.9pp
Operating margin42.5%+12.9pp
Net margin28.4%+12.6pp
FCF margin39.4%+10.0pp

Returns & leverage

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Return on equity11.6%+5.4pp
Debt / equity0.2×-0.2×
Current ratio0.7×0.0×

Segments

By product

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Total revenues from contracts with customers$1.8B-4.4%
Natural gas$1.4B-7.5%
NGLs$152.9M+5.4%
Oil$32.8M+103%

By segment

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Upstream$1.7B-31.3%
Gathering$341.3M+6.6%
Transmission$141.2M+4.9%

FAQ

When did EQT Corporation report Q2 2026 earnings?
EQT Corporation (EQT) reported Q2 2026 earnings on July 21, 2026 after market close.
What were EQT Corporation's Q2 2026 revenue and EPS?
EQT Corporation reported revenue of $1.8B and eps of $0.39 for Q2 2026.
Did EQT Corporation beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.8B by $46.6M. EPS missed the consensus estimate of $0.41 by $0.02.
Where can I find EQT Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000033213-26-000041) and the 10-Q periodic report (0000033213-26-000043) directly on SEC EDGAR. The filing index links above go to sec.gov.