What is EQT Corporation's upstream — total operating revenues?

EQT Corporation (EQT) reported upstream — total operating revenues of $3.21B in Q1 2026.

How has EQT Corporation's upstream — total operating revenues changed year-over-year?

EQT Corporation's upstream — total operating revenues increased by 104.3% year-over-year, from $1.57B to $3.21B.

What does upstream — total operating revenues mean?

The total gross revenue generated from the sale of natural gas, natural gas liquids, and oil produced by the upstream segment. This figure represents the primary top-line performance indicator for the exploration and production business. It is driven by production volumes and realized commodity prices.

EQT Corporation EQT Upstream — Total operating revenues

Other segment segments

Gathering

$334.98M-0.1%

Transmission

$161.45M+10.4%

Similar metrics at other companies

TALOUpstream — Revenue

$472.31M-7.9%

IMOUpstream — Revenue

$4.02B-9.8%

APAOil and gas — Total revenues

$2.33B-11.7%

DNOWUpstream — Revenue

$468M+11.7%

NFGIntegrated Upstream and Gathering and Other Revenues — Operating Revenues

$296.03M+21.2%

APAOil and gas, excluding purchased — Total revenues

$1.94B-4.8%

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

See full

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

See full

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:Revenues.

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 revenues?: EQT Corporation (EQT) reported upstream — total operating revenues of $3.21B in Q1 2026.
How has EQT Corporation's upstream — total operating revenues changed year-over-year?: EQT Corporation's upstream — total operating revenues increased by 104.3% year-over-year, from $1.57B to $3.21B.
What does upstream — total operating revenues mean?: The total gross revenue generated from the sale of natural gas, natural gas liquids, and oil produced by the upstream segment. This figure represents the primary top-line performance indicator for the exploration and production business. It is driven by production volumes and realized commodity prices.