earnings
confidence high
sentiment positive
materiality 0.85
EQT Q1 net income $1.49B, EPS $2.36; record FCF $1.83B; Fitch upgrade to BBB
EQT Corp
2026-Q1 EPS reported
$2.36
revenue$3,378,736,000
- Net income $1,487M ($2.36 diluted EPS); adjusted EPS $2.33 on revenue from 618 Bcfe sales volume.
- Sales volume 618 Bcfe above high-end guidance; realized price $5.07/Mcfe after hedges.
- Record free cash flow attributable $1,832M; capital expenditures $608M, 4% below guidance low-end.
- Net debt reduced to $5.7B from $7.7B at year-end 2025; Fitch upgraded credit rating to BBB.
- Q2 2026 guidance: sales 570-620 Bcfe (incl. 10-15 Bcfe curtailments); maintenance capex $525-595M.