Apr. 21 at 9:45 PM
$EQT reports 1Q26:
Revs:
$3.379B [+56.9% y/y] vs est.
$3.221B [beat +4.90%]
EPS (Adj'd):
$2.33 [+97.46% y/y] vs est.
$2.12 [beat +9.91%]
EPS (GAAP):
$2.36 [+490% y/y]
Net Income (Adj'd):
$1.465B [+105.4% y/y]
Net Income (GAAP):
$1.554B [+393.7% y/y]
Sales Volumes: 618 Bcfe [+8.2% y/y]
Avg Realized Price:
$5.08/Mcfe [+34.8% y/y]
Realized Price (post‑hedge):
$5.07/Mcf [+34.5% y/y]
Op Costs:
$1.09/Mcfe [+3.8% y/y]
CFFO:
$3.055B [+75.4% y/y]
CFFO (Adj'd):
$2.581B [+54.8% y/y]
FCF:
$1.945B [+69.0% y/y]
FCF Attributable to EQT:
$1.832B [+76.8% y/y] - Record
Capex:
$608M [+22.3% y/y]
Net Debt:
$5.7B [–26.0% y/y]
Fitch upgrade to BBB - stable outlook
FY26 Guide:
Sales Volume: 2,275 – 2,375 Bcfe
Avg Differential: –
$0.55 to –
$0.35/Mcf
Unlevered FCF Breakeven: ~
$2/MMBtu
Op Costs:
$1.07-
$1.21/Mcfe
Max LT Debt:
$5B
