What does upstream — total segment operating income mean?

This is the core profitability metric for the upstream segment, calculated as total operating revenues minus total operating expenses. It reflects the segment's ability to generate profit from natural gas production activities before corporate-level taxes and financing costs.

EQT Corporation EQT Upstream — Total segment operating income

Other segment segments

Gathering

$218.27M-5.6%

Transmission

$116.02M+12.5%

Similar metrics at other companies

IMOUpstream — Net income (loss)

$470M-35.7%

IMOUpstream — Income (loss) before income taxes

61,600,000,000%-34,400,000,000pp

TALOUpstream — Profit Loss

-$256M-2,494%

TALOUpstream — Revenue

$472.31M-7.9%

IMOUpstream — Investment And Other Income Net

$1M-92.9%

IMOUpstream — Income taxes

$146M-36.2%

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

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:OperatingIncomeLoss.

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 segment operating income?: EQT Corporation (EQT) reported upstream — total segment operating income of $1.73B in Q1 2026.
How has EQT Corporation's upstream — total segment operating income changed year-over-year?: EQT Corporation's upstream — total segment operating income increased by 800.1% year-over-year, from $191.79M to $1.73B.
What does upstream — total segment operating income mean?: This is the core profitability metric for the upstream segment, calculated as total operating revenues minus total operating expenses. It reflects the segment's ability to generate profit from natural gas production activities before corporate-level taxes and financing costs.