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EQT

Eqt·NYSE
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EQT fundamentals

Eqt (EQT) released its earnings on Feb 17, 2026: revenue was 2.39B (YoY +46.98%), beat estimates; EPS was 0.9 (YoY +30.43%), beat estimates.
Revenue / YoY
2.39B
+46.98%
EPS / YoY
0.9
+30.43%
Report date
Feb 17, 2026
EQT Earnings Call Summary for Q4,2025
  • Record Operational Performance: 2025 free cash flow of $3.5 billion (excluding growth) and Q4 beat of $200 million, driven by 15% compression project outperformance and 13% cost efficiency gains.
  • Winter Storm Fern Windfall: Captured $7.22/MMBtu pricing on 98% of production, generating $1 billion+ Q1 free cash flow and demonstrating EQT's ability to monetize volatility.
  • Growth Pipeline: $600 million in 2026 investments in compression (15% base production uplift), water infrastructure (13% cost reduction), and midstream expansions with 12% IRR.
  • Debt Reduction Momentum: Net debt to fall below $6 billion in 2026, with long-term target of $5 billion, enabling opportunistic share buybacks and growth.
  • Midstream Dominance: 53% ownership in MVP Mainline/Boost and Clarington Connector pipeline set to capture 6-7 Bcf/d of in-basin demand growth through 2030.
EPS
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.14-0.18-0.15-0.020.30.070.120.410.810.831.040.421.7-0.170.30.480.82-0.080.120.691.180.450.520.9
Forecast
0.0066-0.1349-0.2427-0.27050.25640.047-0.04530.47680.92480.76791.04150.53691.2971-0.2611-0.08620.47280.6456-0.19440.07580.53211.02670.41920.36160.7542
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+2021.21%
-33.43%
+38.20%
+92.61%
+17.00%
+48.94%
+364.90%
-14.01%
-12.41%
+8.09%
-0.14%
-21.77%
+31.06%
+34.89%
+448.03%
+1.52%
+27.01%
+58.85%
+58.31%
+29.67%
+14.93%
+7.35%
+43.81%
+19.33%
Revenue
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------------------957.38M816.24M853.16M922.33M1.08B996.88M1.16B1.41B1.57B1.61B1.66B1.32B1.89B1.02B1.19B2.04B1.41B952.51M1.28B1.62B2.15B1.60B1.96B2.39B
Forecast
--------------------------------928.69M799.86M838.44M891.33M1.09B1.01B1.12B1.47B1.62B1.61B1.75B1.44B1.74B1.01B1.15B1.59B1.58B1.06B1.35B1.77B2.16B1.76B1.81B2.13B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+3.09%
+2.05%
+1.76%
+3.48%
-1.01%
-1.11%
+3.61%
-3.89%
-3.44%
+0.06%
-5.28%
-8.56%
+8.24%
+0.96%
+3.61%
+28.73%
-10.55%
-10.28%
-5.25%
-8.46%
-0.44%
-9.23%
+8.21%
+12.20%

Earnings Call