Earnings Releases·Oct 27, 2026, 4:31 PM ET

EQT Corporation — Third Quarter 2026 Earnings Summary

**Financial Results:** Net income attributable to EQT declined 17% to $279 million (EPS $0.44) from $336 million in Q3 2025, driven by a 7% drop in sales volume to 583 Bcfe and lower realized prices ($2.72/Mcfe); however, operating cash flow rose 6% to $1,083 million while free cash flow fell 42% to $283 million.
**Strategic M&A:** Announced a definitive agreement to acquire Range Resources Corporation to create the largest vertically integrated natural gas producer in the U.S., pending regulatory and shareholder approvals.
**Capital Allocation:** Increased the annualized dividend by 3% to $0.68 per share and reduced total debt to $5.6 billion (down from $7.8 billion at year-end 2025), maintaining approximately $3.5 billion in liquidity.
**Guidance Outlook:** Provided Q4 2026 volume guidance of 550–600 Bcfe (including 10–20 Bcfe curtailments) and full-year 2026 volume guidance of 2,375–2,450 Bcfe, with maintenance and growth capex expectations set at $2,020–$2,100 million and $580–$640 million, respectively.