What does transmission — oil and gas producing properties mean?

The portion of the transmission segment's asset base specifically attributed to the ownership or operation of oil and gas producing properties. This distinguishes upstream-related assets from pure midstream transmission infrastructure.

EQT Corporation EQT Transmission — Oil and gas producing properties

Other segment segments

Upstream

$36.79B—

Gathering

$35M+40.0%

Similar metrics at other companies

WMBTransmission, Power & Gulf — Payments to Acquire Productive Assets

$754M-0.9%

ENBGas Transmission — Segment Expenditure Addition To Long Lived Assets

$942M+56.0%

MGEETransmission Investment — Utilities Operating Expense Gas And Petroleum Purchased

$0—

APAGathering, processing, and transmission facilities

$445M-0.4%

WMBTransmission, Power & Gulf — Total Assets

$24.33B—

MGEETransmission Investment — Interest Expense Operating

$0—

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:CapitalizedCostsOilAndGasProducingActivitiesGross.

The official record: EQT Corporation’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EQT Corporation's transmission — oil and gas producing properties?: EQT Corporation (EQT) reported transmission — oil and gas producing properties of $15M in Q4 2025.
What does transmission — oil and gas producing properties mean?: The portion of the transmission segment's asset base specifically attributed to the ownership or operation of oil and gas producing properties. This distinguishes upstream-related assets from pure midstream transmission infrastructure.