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EQT Corp (EQT) stock

EQTNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 18/3010% below fair value
$54.54−1.68 (-2.99%)

Close on Oct 29, 2026Market cap $34.12BP/E 12.7Yield 1.17%

Earnings

EQT's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 16, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$1.77B
-9.6% on a year earlier
Adjusted EPS, Q3 FY2026
$0.42
$0.52 a year earlier
Latest guidance
Raised
Oct 27, 2026 · 54 items

Quarterly results

Revenue and earnings per share from each of EQT's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 16, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 27, 2026after the close$1.77B-9.6%$0.44$0.42Release
Q2 FY2026ended Jun 30, 2026Jul 21, 2026after the close$1.81B-29.2%$0.34$0.39Release
Q1 FY2026ended Mar 31, 2026Apr 21, 2026after the close$3.38B+94.2%$2.36$2.33Release
Q4 FY2025ended Dec 31, 2025Feb 17, 2026after the close$2.39B+47.0%$1.08$0.90Release
Q3 FY2025ended Sep 30, 2025Oct 21, 2025after the close$1.96B+52.6%$0.53$0.52Release
Q2 FY2025ended Jun 30, 2025Jul 22, 2025after the close$2.56B–$1.30$0.45Release
Q1 FY2025ended Mar 31, 2025Apr 22, 2025after the close$1.74B+23.2%$0.40$1.18Release
Q4 FY2024ended Dec 31, 2024Feb 18, 2025after the close$1.62B-20.5%$0.69$0.69Release
Q3 FY2024ended Sep 30, 2024Oct 29, 2024after the close$1.28B+8.2%-$0.54$0.12Release
Q2 FY2024ended Jun 30, 2024Jul 23, 2024after the close––––Release
Q1 FY2024ended Mar 31, 2024Apr 23, 2024after the close$1.41B-46.9%$0.23$0.82Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

EQT's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Third-party Midstream RevenueQ4 FY2026$145.00M – $170.00M–NewOct 27, 2026
Upstream maintenanceQ4 FY2026$435.00M – $485.00M–NewOct 27, 2026
Average DifferentialQ4 FY2026-$1 – -$1–NewOct 27, 2026
Btu upliftQ4 FY20261.05 – 1.06–LoweredOct 27, 2026
Distributions from equity method investmentsQ4 FY2026$50.00M – $60.00M–RaisedOct 27, 2026
Distributions to PipeBox LLC (the Midstream JV) noncontrolling interestQ4 FY2026$100.00M – $115.00M–RaisedOct 27, 2026
Ethane sales volumeQ4 FY20261900 – 2050–LoweredOct 27, 2026
Frac crewsQ4 FY20262 – 3–LoweredOct 27, 2026
GatheringQ4 FY2026$0 – $0–RaisedOct 27, 2026
Horizontal rigsQ4 FY20263 – 4–RaisedOct 27, 2026
Liquids sales volume, excluding ethaneQ4 FY20263150 – 3450–RaisedOct 27, 2026
LOEQ4 FY2026$0 – $0–ReaffirmedOct 27, 2026
O&MQ4 FY2026$0 – $0–RaisedOct 27, 2026
Operating costsQ4 FY2026$1 – $1–RaisedOct 27, 2026
ProcessingQ4 FY2026$0 – $0–LoweredOct 27, 2026
Production taxesQ4 FY2026$0 – $0–LoweredOct 27, 2026
SG&AQ4 FY2026$0 – $0–RaisedOct 27, 2026
strategic curtailmentsQ4 FY202610 – 20–NewOct 27, 2026
Top-hole rigsQ4 FY20262 – 3–LoweredOct 27, 2026
Total liquids sales volumeQ4 FY20265050 – 5500–RaisedOct 27, 2026
Total sales volumeQ4 FY2026550 – 600–RaisedOct 27, 2026
TransmissionQ4 FY2026$0 – $0–RaisedOct 27, 2026
turn-in-line (TIL) net wellsQ4 FY202616 – 26–NewOct 27, 2026
Third-party Midstream RevenueFY2026$600.00M – $700.00M$600.00M – $700.00MReaffirmedOct 27, 2026
Free Cash Flownon-GAAPFY2026$3.50B$3.30BRaisedFeb 17, 2026
Upstream maintenanceFY2026$1.59B – $1.64B$1.60B – $1.70BRaisedOct 27, 2026
Average DifferentialFY2026-$1 – $0-$1 – $0LoweredOct 27, 2026
Average Differential ($/Mcf, including basis hedges)FY2026-$1 – $0–LoweredApr 21, 2026
Btu upliftFY20261.05 – 1.061.05 – 1.06LoweredOct 27, 2026
Btu uplift (MMBtu/Mcf)FY20261.05 – 1.06–LoweredApr 21, 2026
Capital contributions to equity method investmentsFY2026$150.00M – $170.00M$70.00M – $80.00MLoweredJul 21, 2026
Distributions from equity method investmentsFY2026$240.00M – $250.00M$220.00M – $250.00MRaisedOct 27, 2026
Distributions from Mountain Valley Pipeline, LLC (the MVP Joint Venture) and Laurel Mountain Midstream, LLC (LMM)FY2026$215.00M – $240.00M$205.00M – $230.00MRaisedApr 21, 2026
Distributions to PipeBox LLC (the Midstream JV) noncontrolling interestFY2026$430.00M – $470.00M$430.00M – $470.00MRaisedOct 27, 2026
Distributions to PipeBox LLC (the Midstream JV) Noncontrolling Interest (a)FY2026$420.00M – $460.00M–RaisedApr 21, 2026
Ethane sales volumeFY20268850 – 90007700 – 8100LoweredOct 27, 2026
Ethane sales volume (Mbbl)FY20266500 – 6900–LoweredApr 21, 2026
Frac crewsFY20262 – 32 – 3LoweredOct 27, 2026
GatheringFY2026$0 – $0$0 – $0RaisedOct 27, 2026
Horizontal rigsFY20263 – 42 – 3RaisedOct 27, 2026
Liquids sales volume, excluding ethaneFY202614,700 – 15,00014,200 – 15,000RaisedOct 27, 2026
Liquids sales volume, excluding ethane (Mbbl)FY202613,500 – 14,300–RaisedApr 21, 2026
LOEFY2026$0 – $0$0 – $0LoweredOct 27, 2026
O&MFY2026$0 – $0$0 – $0RaisedOct 27, 2026
Operating costsFY2026$1 – $1$1 – $1RaisedOct 27, 2026
ProcessingFY2026$0 – $0$0 – $0LoweredOct 27, 2026
Production taxesFY2026$0 – $0$0 – $0LoweredOct 27, 2026
SG&AFY2026$0 – $0$0 – $0RaisedOct 27, 2026
Top-hole rigsFY20262 – 32 – 3ReaffirmedOct 27, 2026
Total liquids sales volumeFY202623,550 – 24,00021,900 – 23,100RaisedOct 27, 2026
Total liquids sales volume (Mbbl)FY202620,000 – 21,200–RaisedApr 21, 2026
Total sales volumeFY20262375 – 24502375 – 2450RaisedOct 27, 2026
Total sales volume (Bcfe)FY20262275 – 2375–RaisedApr 21, 2026
TransmissionFY2026$0 – $0$0 – $0RaisedOct 27, 2026

Guidance vs results

The last range EQT gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q3 FY2026Revenue$130.00M – $155.00M$1.77BAbove range
Q2 FY2026Revenue$130.00M – $160.00M$1.81BAbove range
Q1 FY2026Revenue$160.00M – $190.00M$3.38BAbove range
Q4 FY2025Revenue$135.00M – $160.00M$2.39BAbove range
Q3 FY2025Revenue$130.00M – $155.00M$1.96BAbove range
Q2 FY2025Revenue$120.00M – $145.00M$2.56BAbove range
Q1 FY2025Revenue$135.00M – $160.00M$1.74BAbove range
Q4 FY2024Revenue$130.00M – $155.00M$1.62BAbove range

Guidance history

Every forecast EQT put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 27, 2026Upstream maintenanceQ4 FY2026$435.00M – $485.00MNew
Oct 27, 2026Midstream maintenanceQ4 FY2026$50.00M – $60.00MLowered
Oct 27, 2026Corporate and capitalized costsQ4 FY2026$55.00M – $65.00MRaised
Oct 27, 2026Total maintenance capital expendituresQ4 FY2026$540.00M – $610.00MRaised
Oct 27, 2026Growth capital expendituresQ4 FY2026$185.00M – $225.00MLowered
Oct 27, 2026Capital contributions to equity method investmentsQ4 FY2026$30.00M – $40.00MLowered
Oct 27, 2026Upstream maintenanceFY2026$1.59B – $1.64BRaised
Oct 27, 2026Midstream maintenanceFY2026$210.00M – $220.00MLowered
Oct 27, 2026Corporate and capitalized costsFY2026$220.00M – $240.00MRaised
Oct 27, 2026Total maintenance capital expendituresFY2026$2.02B – $2.10BRaised
Oct 27, 2026Growth capital expendituresFY2026$580.00M – $640.00MLowered
Oct 27, 2026Capital contributions to equity method investmentsFY2026$145.00M – $155.00MLowered
Oct 27, 2026turn-in-line (TIL) net wellsQ4 FY202616 – 26New
Oct 27, 2026Top-hole rigsQ4 FY20262 – 3Lowered
Oct 27, 2026Horizontal rigsQ4 FY20263 – 4Raised
Oct 27, 2026Frac crewsQ4 FY20262 – 3Lowered
Oct 27, 2026strategic curtailmentsQ4 FY202610 – 20New
Oct 27, 2026Total sales volumeQ4 FY2026550 – 600Raised
Oct 27, 2026Liquids sales volume, excluding ethaneQ4 FY20263150 – 3450Raised
Oct 27, 2026Ethane sales volumeQ4 FY20261900 – 2050Lowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases EQT filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Update
  3. Results
  4. Results
  5. News
  6. News
  7. News
  8. Results
  9. Results
  10. Results
  11. Results
  12. News
  13. Update
  14. News
  15. News