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EQT Corporation EQT Upstream — Total Operating Expenses

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TALOUpstream — Results Of Operations Production Or Lifting Costs
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NFGAll Other — Upstream General and Administrative Expense
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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:CostsAndExpenses.

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 — total operating expenses?
EQT Corporation (EQT) reported upstream — total operating expenses of $1.48B in Q1 2026.
How has EQT Corporation's upstream — total operating expenses changed year-over-year?
EQT Corporation's upstream — total operating expenses increased by 7.5% year-over-year, from $1.38B to $1.48B.
What does upstream — total operating expenses mean?
This represents the aggregate costs incurred to operate the upstream segment, including production, transportation, processing, and administrative expenses. It serves as the primary measure of the cost structure required to extract and deliver natural gas to market.