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EQT (EQT) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 28, 2026

EQT (EQT) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), -10% from a year earlier and -2% from the quarter before. Operating margin was 26.0%, net earnings $279M (15.7% of revenue).

Revenue$1.8B
Year over year-10%
Quarter over quarter-2%
Operating margin26.0%
Net earnings$279M

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.

Q3 2026AmountQ/QY/Y
Revenue$1.8B-2%-10%
Operating profit$459M+17%-24%
Net earnings$279M+32%-17%
Operating cash flow$1.1B+3%+6%
Free cash flow$436M+10%+11%

What changed

Revenue was $1.8B in Q3 2026, down 10% year over year and down 2% from the previous quarter.

Operating profit was $0.46B, a 26.0% margin (down 4.8 points year over year). Total costs fell 3% while revenue fell 10%. The fastest-growing cost line was SG&A (+18%). Net earnings were $0.28B, down 17% year over year. The effective tax rate was 20.1%.

Operating cash flow was $1.1B (up 6% year over year), 314% of net income including minority interests. Non-cash charges added back $0.64B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.65B left free cash flow of $0.44B.

Questions

What was EQT's revenue in the third quarter 2026?

EQT (EQT) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), -10% from a year earlier and -2% from the quarter before.

Was EQT profitable in the third quarter 2026?

Operating profit was $459M (26.0% of revenue) and net earnings $279M.

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Source: EQT 10-Q on SEC EDGAR.