EQT Q3 Earnings: EPS $0.44, Capex 10% Under Guidance, Dividend Up 3%
EQT sits 17% above its 52-week low of $47.937 on elevated volume (2.2× avg).
Summary
EQT reported Q3 2026 diluted EPS of $0.44 on 583 Bcfe of sales volume, with capex 10% below the low end of guidance and $283 million of free cash flow. Net debt fell to $5.5 billion and the dividend rose 3% to $0.68 annualized.
Key Events · Earnings and Guidance · EQT
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Q3 Results: EPS $0.44, Volume 583 Bcfe
Net income attributable to EQT was $279 million, or $0.44 diluted EPS, versus $0.53 a year ago. Sales volume of 583 Bcfe included 21 Bcfe of strategic curtailments.
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Capex 10% Below Guidance Low End
Capital expenditures of $638 million came in 10% under the low end of guidance, and total per-unit operating costs of $1.09 per Mcfe were at the low end, yielding $283 million of free cash flow attributable to EQT.
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Net Debt Cut to $5.5 Billion
As of September 30, 2026, total debt fell to $5.6 billion and net debt to $5.5 billion, down from $7.8 billion and $7.7 billion respectively at December 31, 2025.
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Dividend Raised 3% to $0.68
The annualized dividend increased 3% to $0.68 per share, a roughly 7% compounded annual growth rate since 2022.
Analysis · EQT · Energy & Transportation
EQT delivered on the levers management controls: capital spending of $638 million came in 10% below the low end of guidance, per-unit operating costs of $1.09 per Mcfe landed at the low end, and the realized differential of $(0.64) beat guidance despite widening basis. That combination produced $283 million of free cash flow attributable to EQT, even as the realized price slipped to $2.72 per Mcfe from $2.76 a year ago. Net debt fell to $5.5 billion from $7.7 billion at year-end 2025, and the board raised the dividend 3% to $0.68 annualized. The earnings call was canceled because the Range Resources combination announced October 26 dominates the narrative; the quarter itself is solid, but the stock's next move hinges on that deal, not these results.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EQT was trading at $56.06 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $35.2B. The 52-week trading range was $47.94 to $68.24. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.