What is EQT Corporation's gathering — exploration?

EQT Corporation (EQT) reported gathering — exploration of $0 in Q1 2026.

What does gathering — exploration mean?

Costs associated with searching for new natural gas reserves or evaluating the viability of potential extraction sites within the gathering segment's area of interest. These expenses are typically associated with geological surveys and exploratory drilling activities.

EQT Corporation EQT Gathering — Exploration

Other segment segments

Upstream

$430K—

Transmission

$0—

Similar metrics at other companies

DTMGathering — CapEx

$44M-6.4%

HES

HESMGathering — Operating Costs And Expenses

$49.7M-1.4%

REPXExploration Expense

$967K+10,644%

OKENatural Gas Gathering and Processing — CapEx

$317M+31.5%

REPXReportable Segment — Exploration costs

$967K+10,644%

ABATExploration Costs

$657.02K-36.6%

Other financials

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

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Market cap$32.96B-8.7%

Enterprise value$38.63B-12.0%

P/E10×-21.5×

P/S3.2×-1.8×

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×

Where this comes from

Reported directly by EQT Corporation in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The official record: EQT Corporation’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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What is EQT Corporation's gathering — exploration?: EQT Corporation (EQT) reported gathering — exploration of $0 in Q1 2026.
What does gathering — exploration mean?: Costs associated with searching for new natural gas reserves or evaluating the viability of potential extraction sites within the gathering segment's area of interest. These expenses are typically associated with geological surveys and exploratory drilling activities.