What is EQT Corporation's upstream — production?

EQT Corporation (EQT) reported upstream — production of $115.18M in Q1 2026.

How has EQT Corporation's upstream — production changed year-over-year?

EQT Corporation's upstream — production increased by 30.2% year-over-year, from $88.44M to $115.18M.

What does upstream — production mean?

Direct costs associated with the extraction of oil and gas, including lease operating expenses, workovers, and field-level maintenance. This metric captures the day-to-day cash costs required to keep wells flowing. It is a key component of the overall cost structure for upstream operations.

EQT Corporation EQT Upstream — Production

Other segment segments

Gathering

$0—

Transmission

$0—

Similar metrics at other companies

IMOUpstream — Cost

$49.39B+3.1%

IMOUpstream — Production And Manufacturing Expenses

$1.24B+5.1%

TALOUpstream — Results Of Operations Production Or Lifting Costs

$114.7M-8.7%

IMOUpstream — Total Costs & Expenses

$3.41B-2.7%

IMOUpstream — Purchase of crude oil and products

$1.72B-7.7%

CVXUpstream — Depreciation, Depletion and Amortization

$4.61B+19.0%

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: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 upstream — production?: EQT Corporation (EQT) reported upstream — production of $115.18M in Q1 2026.
How has EQT Corporation's upstream — production changed year-over-year?: EQT Corporation's upstream — production increased by 30.2% year-over-year, from $88.44M to $115.18M.
What does upstream — production mean?: Direct costs associated with the extraction of oil and gas, including lease operating expenses, workovers, and field-level maintenance. This metric captures the day-to-day cash costs required to keep wells flowing. It is a key component of the overall cost structure for upstream operations.