EQT Corp

EQT 10-Q · Q1 2026

EQT Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue (Q)
Show Product Lines breakouts
Natural gas · Upstream 3,254,350 2,049,950 +58.8%
NGLs · Upstream 157,109 173,816 -9.6%
Oil · Upstream 28,476 20,961 +35.9%
Sales of natural gas, NGLs and oil 3,439,935 2,244,727 +53.2%
Sales of natural gas, NGLs and oil · Operating Segments 3,439,935 2,244,727 +53.2%
Sales of natural gas, NGLs and oil · Upstream 3,439,935 2,244,727 +53.2%
Total revenues from contracts with customers 3,612,232 2,415,294 +49.6%
Show Business Segments breakouts
Gathering · Operating Segments 163,082 166,691 -2.2%
Gathering · Operating Segments 171,893 168,622 +1.9%
Gathering · Operating Segments 334,975 335,313 -0.1%
Transmission · Operating Segments 126,627 117,852 +7.4%
Transmission · Operating Segments 34,825 28,419 +22.5%
Transmission · Operating Segments 161,452 146,271 +10.4%
Show Consolidation Items breakouts
Intersegment Elimination -324,130 -311,017 -4.2%
Revenue 3,378,736 1,739,850 +94.2%
Show Business Segments breakouts
Gathering · Operating Segments 334,975 335,313 -0.1%
Transmission · Operating Segments 161,452 146,271 +10.4%
Upstream · Operating Segments 3,206,439 1,569,283 +104.3%
Show Consolidation Items breakouts
Material Reconciling Items -324,130 -311,017 -4.2%
Operating Segments 3,702,866 2,050,867 +80.6%
Cost of Revenue 400,339 378,209 +5.9%
Show Business Segments breakouts
Upstream · Operating Segments 724,479 688,600 +5.2%
Show Consolidation Items breakouts
Material Reconciling Items -324,140 -310,391 -4.4%
Operating Segments 724,479 688,600 +5.2%
Total Costs & Expenses 1,342,776 1,243,600 +8.0%
Show Business Segments breakouts
Gathering · Operating Segments 116,707 104,112 +12.1%
Transmission · Operating Segments 45,430 43,121 +5.4%
Upstream · Operating Segments 1,480,163 1,377,497 +7.5%
Show Consolidation Items breakouts
Material Reconciling Items -299,524 -281,130 -6.5%
Operating Segments 1,642,300 1,524,730 +7.7%
Selling, General & Administrative 95,751 91,464 +4.7%
Show Business Segments breakouts
Gathering · Operating Segments 18,746 15,397 +21.8%
Transmission · Operating Segments 7,678 9,419 -18.5%
Upstream · Operating Segments 55,048 48,670 +13.1%
Show Consolidation Items breakouts
Material Reconciling Items 14,279 17,978 -20.6%
Operating Segments 81,472 73,486 +10.9%
Operating Income 2,035,960 496,250 +310.3%
Show Business Segments breakouts
Gathering · Operating Segments 218,268 231,201 -5.6%
Transmission · Operating Segments 116,022 103,150 +12.5%
Upstream · Operating Segments 1,726,276 191,786 +800.1%
Show Consolidation Items breakouts
Material Reconciling Items -24,606 -29,887 +17.7%
Operating Segments 2,060,566 526,137 +291.6%
Interest Expense 96,777 117,569 -17.7%
Show Consolidation Items breakouts
Material Reconciling Items 96,777 117,569 -17.7%
Other Non-Operating Income (Expense) -118 -623 +81.1%
Show Consolidation Items breakouts
Material Reconciling Items -118 -623 +81.1%
Income Before Taxes 1,987,282 394,086 +404.3%
Income Tax Expense (Benefit) 433,352 78,668 +450.9%
Net Income 1,553,930 315,418 +392.7%
Show Equity Components breakouts
Noncontrolling Interest 66,701 73,279 -9.0%
Retained Earnings 1,487,229 242,139 +514.2%
Net Income 1,487,229 242,139 +514.2%
Comprehensive Income 1,487,523 242,176 +514.2%
EPS (Basic) 2.38 0.4 +495.0%
EPS (Diluted) 2.36 0.4 +490.0%
Wtd Avg Shares (Basic) 625,136 597,976 +4.5%
Wtd Avg Shares (Diluted) 629,209 602,838 +4.4%
Income Loss From Equity Method Investments (Q)
Show Business Segments breakouts
Transmission · MVP Joint Venture 56.2 24.4 +130.3%
Net Income Loss Available To Common Stockholders Basic 1,487,229 242,139 +514.2%
Net Income Loss Attributable To Noncontrolling Interest 66,701 73,279 -9.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 326,568 281,764 +15.9%
Show Consolidation Items breakouts
Material Reconciling Items 326,568 281,764 +15.9%
Accounts Receivable 953,314 1,206,163 -21.0%
Derivative Fair Value Of Derivative Asset 184,021
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 10,503
Fair Value Inputs Level2 173,518
Show Derivative Risk breakouts
Commodity Contract 184,021
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 184,021
Prepaid Expenses Other Assets And Margin Requirements With Counterparties Current 92,811 92,426 +0.4%
Total Current Assets 1,556,714 1,739,099 -10.5%
Non-Current Assets
Property, Plant & Equipment 33,528,519 31,660,705 +5.9%
Intangible Assets 196,793
Goodwill 2,062,462
Show Business Segments breakouts
Transmission · Operating Segments 1,231,783 1,235,849 -0.3%
Show Consolidation Items breakouts
Material Reconciling Items 830,679 830,677 0.0%
Operating Segments 1,231,783 1,235,849 -0.3%
Other Non-Current Assets 432,144 445,432 -3.0%
Show Consolidation Items breakouts
Material Reconciling Items 370,980 387,753 -4.3%
Total Assets 41,692,278 39,703,364 +5.0%
Show Business Segments breakouts
Gathering · Operating Segments 8,711,057 8,229,273 +5.9%
Transmission · Operating Segments 7,871,146 7,634,139 +3.1%
Upstream · Operating Segments 23,664,719 22,407,139 +5.6%
Show Consolidation Items breakouts
Intersegment Elimination -203,432 -252,724 +19.5%
Operating Segments 40,246,922 38,270,551 +5.2%
Other Assets
Property Plant And Equipment Gross 49,068,468 44,874,102 +9.3%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 15,539,949 13,213,397 +17.6%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 3,915,646 3,580,038 +9.4%
Show Business Segments breakouts
Transmission · Operating Segments 3,775,490 3,496,093 +8.0%
Show Consolidation Items breakouts
Operating Segments 3,775,490 3,496,093 +8.0%
Current Liabilities
Current Portion of Long-Term Debt 507,547 285,000 +78.1%
Accounts Payable 1,414,889 1,336,689 +5.9%
Derivative Fair Value Of Derivative Liability 64,166
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 6,648
Fair Value Inputs Level2 57,518
Show Derivative Risk breakouts
Commodity Contract 64,166
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 64,166
Interest Payable Current 87,601 140,038 -37.4%
Other Liabilities Current 291,559 336,874 -13.5%
Total Current Liabilities 2,365,762 3,062,273 -22.7%
Non-Current Liabilities
Deferred Tax Liabilities 3,882,284 2,886,363 +34.5%
Asset Retirement Obligations And Other Liabilities Noncurrent 1,172,319
Total Liabilities 12,905,229 15,300,095 -15.7%
Long-Term Debt 5,992,411
Show Debt Instrument breakouts
3.125% notes due May 15, 2026 · Senior Notes 392,713
3.625% notes due May 15, 2031 · Senior Notes 431,665
3.900% notes due October 1, 2027 · Senior Notes 533,067
4.50% notes due January 15, 2029 · Senior Notes 290,660
4.75% notes due January 15, 2031 · Senior Notes 1,046,385
5.00% notes due January 15, 2029 · Senior Notes 316,614
5.500% notes due July 15, 2028 · Senior Notes 45,107
5.700% notes due April 1, 2028 · Senior Notes 495,471
5.750% notes due February 1, 2034 · Senior Notes 743,788
6.375% notes due April 1, 2029 · Senior Notes 49,489
6.500% notes due July 15, 2048 · Senior Notes 68,073
7.000% notes due February 1, 2030 · Senior Notes 672,418
7.500% notes due June 1, 2030 · Senior Notes 521,127
7.75% debentures due July 15, 2026 · Senior Notes 114,834
Eureka's revolving credit facility maturing November 13, 2027 · Line Of Credit 271,000
Long-Term Debt 5,484,864 8,107,783 -32.4%
Other Liabilities
Long Term Line Of Credit 271,000
Senior Notes 5,213,864 8,107,783 -35.7%
Stockholders' Equity
Common Stock Value Outstanding 19,497,503 17,984,118 +8.4%
Retained Earnings 5,623,137 2,736,046 +105.5%
Accumulated Other Comprehensive Income -1,879 -2,284 +17.7%
Total Stockholders' Equity 25,118,761 20,717,880 +21.2%
Minority Interest 3,668,288 3,685,389 -0.5%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 28,787,049 24,403,269 +18.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -1,879 -2,284 +17.7%
Common Stock 19,497,503 17,984,118 +8.4%
Noncontrolling Interest 3,668,288 3,685,389 -0.5%
Retained Earnings 5,623,137 2,736,046 +105.5%
Total Liabilities & Equity 41,692,278 39,703,364 +5.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 654,792 620,775 +5.5%
Show Business Segments breakouts
Gathering · Operating Segments 55,815 49,424 +12.9%
Transmission · Operating Segments 24,995 23,203 +7.7%
Upstream · Operating Segments 567,706 543,494 +4.5%
Show Consolidation Items breakouts
Material Reconciling Items 6,276 4,654 +34.9%
Operating Segments 648,516 616,121 +5.3%
Stock-Based Compensation 18,602 14,768 +26.0%
Other Non-Cash Items 5,598 1,979 +182.9%
Change in Accounts Receivable 507,020 -90,846 +658.1%
Change in Accounts Payable 39,674 153,220 -74.1%
Net Cash from Operations 3,055,047 1,741,167 +75.5%
Investing Activities
Capital Expenditures -598,505 -499,649 -19.8%
Other Investing Activities -1,000
Net Cash from Investing -842,436 -534,044 -57.7%
Financing Activities
Tax Withholding for Share Compensation -45,747 -50,242 +8.9%
Net Cash from Financing -1,996,838 -1,127,452 -77.1%
Supplemental
Income Taxes Paid 3,210 218 +1372.5%
Interest Paid 141,614 142,352 -0.5%
Other Cash Flow
Net Change in Cash 215,773 79,671 +170.8%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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