Filing Flows › EQT (EQT) › Q2 2026
EQT (EQT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
EQT (EQT) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), -29% from a year earlier and -46% from the quarter before. Operating margin was 21.8%, net earnings $211M (11.7% of revenue).
EQT, Q2 2026: revenue $1.8B (-29% year over year), operating margin 21.8%, net earnings $211M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -46% | -29% |
| Operating profit | $394M | -81% | -65% |
| Net earnings | $211M | -86% | -73% |
| Operating cash flow | $1.0B | -66% | -16% |
| Free cash flow | $398M | -84% | -43% |
What changed
Revenue was $1.8B in Q2 2026, down 29% year over year and down 46% from the previous quarter.
Operating profit was $0.39B, a 21.8% margin (down 22.6 points year over year). Total costs fell 1% while revenue fell 29%. The fastest-growing cost line was SG&A (+30%). Net earnings were $0.21B, down 73% year over year. The effective tax rate was 23.2%.
Operating cash flow was $1.0B (down 16% year over year), 372% of net income including minority interests. Non-cash charges added back $0.69B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.65B left free cash flow of $0.40B.
Questions
What was EQT's revenue in the second quarter 2026?
EQT (EQT) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), -29% from a year earlier and -46% from the quarter before.
Was EQT profitable in the second quarter 2026?
Operating profit was $394M (21.8% of revenue) and net earnings $211M.
Source: EQT 10-Q on SEC EDGAR.