Filing Flows › EQT (EQT) › Q2 2026 › vs Q1 2026
EQT (EQT) Q2 2026 vs Q1 2026 (quarter over quarter)
EQT's revenue fell $1.6B (-46%) from $3.4B in Q1 2026 to $1.8B in Q2 2026. Operating margin 21.8% against 60.3% (-38.5 pts).
EQT, Q2 2026: revenue $1.8B (-29% year over year), operating margin 21.8%, net earnings $211M, operating cash flow $1.0B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.8% | 60.3% | -38.5 pts |
| Net margin | 11.7% | 44.0% | -32.3 pts |
| Free cash flow margin | 22.0% | 72.7% | -50.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $3.4B | −$1.6B | -46% |
| Operating profit | $394M | $2.0B | −$1.6B | -81% |
| Costs & expenses | $1.4B | $1.3B | $73.1M | +5% |
| Pre-tax earnings | $366M | $2.0B | −$1.6B | -82% |
| Other expense, net | $27.7M | $48.7M | −$21.0M | -43% |
| Cost of revenue | $385M | $400M | −$15.3M | -4% |
| SG&A | $106M | $95.8M | $10.7M | +11% |
| Other operating costs | $924M | $847M | $77.8M | +9% |
| Net earnings | $211M | $1.5B | −$1.3B | -86% |
| Minority interests | $70.0M | $66.7M | $3.3M | +5% |
| Income tax | $84.9M | $433M | −$348M | -80% |
| Depreciation & amortization | $690M | $655M | $34.8M | +5% |
| Share-based compensation | $23.8M | $18.6M | $5.2M | +28% |
| Working capital & other | $123M | $894M | −$771M | -86% |
| Operating cash flow | $1.0B | $3.1B | −$2.0B | -66% |
| Free cash flow (OCF − capex) | $398M | $2.5B | −$2.1B | -84% |
| Capital expenditures | $650M | $599M | $51.7M | +9% |
Questions
How much did EQT's revenue grow quarter over quarter in Q2 2026?
EQT's revenue fell $1.6B (-46%) from $3.4B in Q1 2026 to $1.8B in Q2 2026. Operating margin 21.8% against 60.3% (-38.5 pts).