Filing Flows › EQT (EQT) › Guidance history
EQT (EQT) guidance history: what it guided and what it reported
EQT gave guidance in 11 earnings releases on file since Feb 13, 2024. Its releases raised guidance 3 times and lowered it twice.
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $185M–$225M (Oct 27, 2026) | — | to be reported | — |
| Q3 2026 | $200M–$240M (Jul 21, 2026) | $647M (GAAP) | not judged | — |
| Q2 2026 | $525M–$595M (Apr 21, 2026) | $650M (GAAP) | not judged | — |
| FY2026 | $655M (Feb 17, 2026) → raised $2.0B–$2.2B (Jul 21, 2026) | — | to be reported | — |
| Q4 2025 | $618M (Oct 21, 2025) | $613M (GAAP) | not judged | — |
| FY2025 | $200M (Feb 18, 2025) → raised $497M (Apr 22, 2025) → raised $2.3B–$2.5B (Jul 22, 2025) | $2.3B (GAAP) | not judged | — |
| FY2024 | $539M (Feb 13, 2024) → raised $1.9B–$2.0B (Apr 23, 2024) → reaffirmed $1.9B–$2.0B (Jul 23, 2024) | $2.3B (GAAP) | not judged | — |
Free cash flow
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2028 | $45.0M (Jul 21, 2026) | — | to be reported | — |
| FY2026 | $600M (Feb 17, 2026) → lowered $15.0M (Jul 21, 2026) | — | to be reported | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $530M (Apr 22, 2025) | — | — | — |
Adjusted free cash flow
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $530M (Apr 22, 2025) | — | — | — |
The latest quarter
EQT, Q3 2026: revenue $1.8B (-10% year over year), operating margin 26.0%, net earnings $279M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Questions
Does EQT beat its guidance?
EQT gave guidance in 11 earnings releases on file since Feb 13, 2024. Its releases raised guidance 3 times and lowered it twice.
How often does EQT raise guidance?
Its earnings releases raised guidance 3 times and lowered it twice since Feb 13, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.