What is EQT Corporation's gathering — production?

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

What does gathering — production mean?

Direct costs associated with the extraction and initial handling of natural gas within the gathering segment's scope of operations. This typically includes field-level labor, equipment maintenance, and consumables required to maintain flow from the wellhead into the gathering system.

EQT Corporation EQT Gathering — Production

Other segment segments

Upstream

$115.18M—

Transmission

$0—

Similar metrics at other companies

HES

HESMGathering — Operating Costs And Expenses

$49.7M-1.4%

BKVGathering and transportation

$67.8M+21.5%

CNXTransportation, Gathering and Compression — Transportation, Gathering and Compression and Exploration and Production Related Other Costs

$102.4M+7.6%

ARNatural Gas Gathering And Compression — Cost of Goods Sold

$269.11M+14.0%

RRCNatural Gas Gathering Transportation Marketing And Processing — Results Of Operations Production Or Lifting Costs

$323.33M+5.6%

CRKGas Gathering And Transportation Cost

$41.8M-1.9%

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

See full

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:ResultsOfOperationsProductionOrLiftingCosts.

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

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Questions, answered.

What is EQT Corporation's gathering — production?: EQT Corporation (EQT) reported gathering — production of $0 in Q1 2026.
What does gathering — production mean?: Direct costs associated with the extraction and initial handling of natural gas within the gathering segment's scope of operations. This typically includes field-level labor, equipment maintenance, and consumables required to maintain flow from the wellhead into the gathering system.