Energy
EQT's Q2 FY2026 net income fell 73.0% year-over-year to $211.4 million ($0.34 diluted EPS) primarily due to a much smaller derivative gain ($45M vs $720M) and a 15.1% lower average sales price, even as sales volumes rose 11.7% on the Olympus Energy Acquisition.
Key risk: Commodity Price Volatility Directly Compressing Margins
Average realized natural gas price fell to $2.51/Mcf including cash-settled derivatives from $2.69/Mcf a year earlier, and management explicitly states revenue, profitability, liquidity and financial position will continue to be impacted by natural gas, NGL and oil prices amid macroeconomic uncertainty and geopolitical instability. This directly contributed to the 73.0% YoY net income decline in the quarter.
Other Oil & Gas Exploration & Production companies