EQT Corporation reported second quarter 2026 adjusted EPS of $0.39, slightly missing the consensus estimate of $0.41. The company posted total operating revenues of $1.81 billion. Operationally, the company exceeded the high-end of its production guidance and came in below its capital expenditure guidance for the quarter.
Key Highlights
- Sales volume for the quarter was 634 billion cubic feet equivalent (Bcfe), coming in above the high-end of guidance due to strong well performance and system optimization.
- The company raised its full-year 2026 production guidance by approximately 90 Bcfe while simultaneously reducing its full-year capital spending guidance by $25 million.
- EQT generated $330 million in free cash flow attributable to the company, driven by operational outperformance and capital discipline.
- The company signed a 10-year agreement to supply 325,000 Dth/d of natural gas to a new power generation facility, securing pricing linked to PJM power prices for a substantial uplift relative to in-basin pricing.