EQT Corp is expected to release its Q3 2026 10-Q filing on October 19, 2026, after market close. Last quarter: 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.
EPS Estimate
$0.73
Revenue Estimate
$2B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the EQT page.
Drawn from management commentary in the Q2 2026 10-Q:
Upstream gain on derivatives fell to approximately $45 million for Q2 FY2026 from approximately $720 million in the prior-year quarter, primarily due to a much smaller increase in the fair value of NYMEX swaps and options ($37M vs $682M). This was the single largest driver of the 89.1% decline in Upstream segment operating income, from $1,007.1M to $109.4M.
Average sales price fell 15.1% to $2.54/Mcfe from $2.99/Mcfe due to a lower NYMEX price, partly offset by favorable basis differentials and higher liquids prices; sales of natural gas, NGLs and oil decreased ~$90 million, reflecting a ~$288 million price-driven decline partly offset by a ~$198 million volume increase.
Total sales volume rose 11.7% to 634,474 MMcfe, driven primarily by a 48 Bcfe increase from assets acquired in the Olympus Energy Acquisition (completed July 1, 2025), along with wells turned-in-line since Q2 2025 and well performance optimization.
Revenue
$1.81B
-29.24% YoY
EPS (Basic)
$0.34
-74.05% YoY
Operating Income
$394.04M
-65.25% YoY
Add EQT to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.