What is EQT Corporation's transmission — exploration?

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

What does transmission — exploration mean?

Costs associated with searching for new natural gas reserves or evaluating potential development sites within the transmission segment's scope. While typically an upstream activity, its presence in a transmission segment may reflect strategic resource assessment or land evaluation. It represents discretionary spending on future growth opportunities.

EQT Corporation EQT Transmission — Exploration

Other segment segments

Upstream

$430K—

Gathering

$0—

Similar metrics at other companies

ENBGas Transmission — Segment Expenditure Addition To Long Lived Assets

$942M+56.0%

MGEETransmission Investment — Segment Expenditure Addition To Long Lived Assets

$0—

WECElectric Transmission — Capital expenditures and asset acquisitions

$0—

MGEETransmission Investment — Interest Expense Operating

$0—

MGEETransmission Investment — Utilities Operating Expense Gas And Petroleum Purchased

$0—

WMBTransmission, Power & Gulf — Payments to Acquire Productive Assets

$754M-0.9%

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

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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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Questions, answered.

What is EQT Corporation's transmission — exploration?: EQT Corporation (EQT) reported transmission — exploration of $0 in Q1 2026.
What does transmission — exploration mean?: Costs associated with searching for new natural gas reserves or evaluating potential development sites within the transmission segment's scope. While typically an upstream activity, its presence in a transmission segment may reflect strategic resource assessment or land evaluation. It represents discretionary spending on future growth opportunities.