EQT Q3 2026: revenue falls 9.6%, EPS beats at $0.44
EQT cleared the $0.3889 consensus EPS bar with $0.44 of GAAP earnings, but the quarter was smaller than last year's: revenue of $1.77 billion fell 9.6% and sales volume slipped to 583 Bcfe from 634 Bcfe. Cash generation thinned too, with free cash flow attributable to EQT of $283 million against $484 million a year earlier. The loudest item is the pending Range Resources acquisition, which is why management cancelled the earnings call.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $0.44 beat the $0.3889 consensus estimate by about 13.1%, and adjusted EPS was $0.42. Both are below last year's $0.53 and $0.52, so the beat is against a bar set below the prior-year result rather than evidence of growth. One reading caution: the release shows $345.1 million of consolidated net income but $278.7 million attributable to EQT, and only the latter lines up with the $0.44 per-share figure.
Revenue was $1.77 billion, down 9.6% from $1.96 billion in the same quarter last year. The drop tracks volume, which fell to 583 Bcfe from 634 Bcfe, while the average realized price eased to $2.72 per Mcfe from $2.76. Gross margin came in at 79.1%, down from 80.7%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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