EQT Reports Third Quarter 2026 Results
Key Highlights
- ➤Free cash flow attributable to EQT $283 million, down from $484 million
- ➤Capital expenditures $638 million, 10% below low-end guidance
- ➤Range Resources acquisition announced, creating America’s largest vertically integrated gas producer
- ➤Dividend increased 3% to $0.68 per share annualized
- ➤Fourth-quarter sales volume guided to 550–600 Bcfe, including strategic curtailments
Expert Statements
Toby Z. Rice, President and CEO of EQT Corporation
“Third quarter results built on what has been an exceptional year of execution at EQT. Despite downward pressure on natural gas prices during the quarter, our marketing efforts drove stronger realized pricing, operating expenses came in at the low end of guidance and capital spending was well below expectations as efficiencies continue to accrue. This resulted in yet another quarter of greater-than-expected free cash flow generation.”
Toby Z. Rice, President and CEO of EQT Corporation
“We also announced our strategic combination with Range Resources, pairing two of the highest-quality, longest-duration asset bases in North America and creating a company uniquely positioned for the next era of natural gas. Our expanded resource base solidifies EQT as the operator of choice for premium, long-term supply arrangements and provides unique growth optionality underpinned by contractual demand. We believe this combination creates a must-own energy company capable of generating durable, through-cycle free cash flow while compounding value for shareholders for decades to come.”
CANONSBURG, Pa., Oct. 27, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2026.
* Production: Sales volume of 583 Bcfe, inclusive of 21 Bcfe of strategic curtailments * Capital Expenditures: $638 million, 10% below the low-end of guidance, driven by lower-than-expected upstream and midstream spending and continued benefit from operational efficiency gains * Realized Pricing: Differential of $(0.64) favorable to guidance despite widening basis during the quarter due to benefits from marketing optimization and curtailment strategy * Operating Costs: Total per unit operating costs of $1.09 per Mcfe, at the low end of guidance driven by lower-than-expected LOE and production tax * Cash Flow: Net cash provided by operating activities of $1,083 million; generated free cash flow attributable to EQT((1) )of $283 million * Balance Sheet: Exited the quarter with $5.6 billion total debt and just under $5.5 billion net debt((1)) Third Quarter 2026 and Recent Highlights:
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