Filing Flows › EQT (EQT) › Q3 2026 › vs Q3 2025
EQT (EQT) Q3 2026 vs Q3 2025 (year over year)
EQT's revenue fell $188M (-10%) from $2.0B in Q3 2025 to $1.8B in Q3 2026. Operating margin 26.0% against 30.8% (-4.8 pts).
EQT, Q3 2026: revenue $1.8B (-10% year over year), operating margin 26.0%, net earnings $279M, operating cash flow $1.1B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 26.0% | 30.8% | -4.8 pts |
| Net margin | 15.7% | 17.1% | -1.4 pts |
| Free cash flow margin | 24.6% | 20.0% | +4.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | −$188M | -10% |
| Operating profit | $459M | $603M | −$144M | -24% |
| Costs & expenses | $1.3B | $1.4B | −$44.4M | -3% |
| Pre-tax earnings | $432M | $536M | −$105M | -20% |
| Other expense, net | $27.7M | $66.7M | −$39.0M | -58% |
| Cost of revenue | $371M | $377M | −$6.3M | -2% |
| SG&A | $116M | $98.7M | $17.4M | +18% |
| Other operating costs | $824M | $880M | −$55.4M | -6% |
| Net earnings | $279M | $336M | −$57.2M | -17% |
| Minority interests | $66.4M | $71.4M | −$5.0M | -7% |
| Income tax | $86.7M | $129M | −$42.6M | -33% |
| Depreciation & amortization | $640M | $688M | −$48.6M | -7% |
| Share-based compensation | $25.3M | $15.3M | $10.0M | +65% |
| Working capital & other | $140M | −$21.8M | $161M | — |
| Operating cash flow | $1.1B | $1.0B | $65.6M | +6% |
| Free cash flow (OCF − capex) | $436M | $391M | $44.6M | +11% |
| Capital expenditures | $647M | $626M | $21.0M | +3% |
Questions
How much did EQT's revenue grow year over year in Q3 2026?
EQT's revenue fell $188M (-10%) from $2.0B in Q3 2025 to $1.8B in Q3 2026. Operating margin 26.0% against 30.8% (-4.8 pts).