EQT Corp reported second-quarter 2026 results with revenue of $1.81B and diluted EPS of $0.34, reflecting lower revenue and earnings versus the year‑ago quarter amid higher sales volumes and ongoing hedging activity that helped stabilize cash flows.
Financial Highlights
- Revenue: $1.81B for Q2 2026, down from $2.558B in the year‑ago quarter (Q2 2025) ( (29.3%)).
- Net income: $211.4M attributable to EQT Corporation for Q2 2026, down from $784.1M in the year‑ago quarter (Q2 2025).
- Diluted EPS: $0.34 for Q2 2026, versus $1.30 in the year‑ago quarter (Q2 2025).
Business Highlights
- Upstream sales volumes rose 9.9% year over year to 1,252 Bcfe, supported in part by the integration of Olympus Energy assets, which added roughly 96 Bcfe year to date and increased upstream throughput.
- Gathering and Transmission activity strengthened as higher affiliate volumes and reservation capacity boosted fee revenues and gathered throughput.
- Management used NYMEX and basis hedges to stabilize cash flows and implemented strategic curtailments to optimize in‑basin pricing.
- Capital deployment remains focused on reserve development and midstream contributions, with Q3 capex guidance of $710–820M and discretionary timing for certain projects.
Original SEC Filing:
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