EQT Corporation, the Pennsylvania-based natural gas producer trading on the New York Stock Exchange as NYSE:EQT, filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026.

Key Highlights

  • Net income attributable to EQT Corporation was $278,691 thousand for the three months ended September 30, 2026, compared with $335,862 thousand in the same period of 2025.
  • Total operating revenues for the nine months ended September 30, 2026, reached $6,959,070 thousand, up from $6,256,140 thousand in the first nine months of 2025.
  • Sales of natural gas, natural gas liquids and oil for the nine months ended September 30, 2026, totaled $6,557,757 thousand, versus $5,622,843 thousand in the prior-year period.
  • Diluted earnings per share attributable to EQT Corporation were $0.44 for Q3 2026, compared with $0.53 for Q3 2025.
  • Net cash provided by operating activities for the nine months ended September 30, 2026, was $5,186,332 thousand, up from $4,000,565 thousand in the same period of 2025.
  • Senior notes outstanding declined to $5,219,552 thousand at September 30, 2026, from $6,933,209 thousand at December 31, 2025.
  • Shares of common stock issued stood at 625,547 thousand as of September 30, 2026, according to the balance sheet.

EQT's Third-Quarter 2026 Financial Results Across Gas, Midstream, and Balance Sheet

EQT Corporation, headquartered at 2200 Energy Drive, Canonsburg, Pennsylvania, is a large accelerated filer that generates revenues primarily from the sale of natural gas, natural gas liquids, and oil, supplemented by pipeline and other midstream-related income. According to the filing, total operating revenues for the three months ended September 30, 2026, were $1,770,394 thousand, a decline from $1,958,571 thousand in Q3 2025. The filing attributes the year-over-year change in commodity sales partly to derivative positions: the company reported a gain on derivatives of $100,287 thousand in Q3 2026, versus a gain of $135,784 thousand in Q3 2025. Pipeline and other revenues rose to $162,299 thousand from $145,170 thousand in the comparable prior-year quarter.

On the expense side, the filing disclosed that depreciation, depletion and amortization for the nine months ended September 30, 2026, totaled $1,984,167 thousand, compared with $1,932,628 thousand in the first nine months of 2025. Transportation and processing costs for the same nine-month period were $1,156,147 thousand versus $1,144,458 thousand a year earlier. Interest expense, net, fell sharply to $72,152 thousand in Q3 2026 from $109,929 thousand in Q3 2025, consistent with the reduction in senior notes disclosed on the balance sheet. The filing also reported a loss on debt extinguishment of $29,887 thousand for the nine months ended September 30, 2026.

The consolidated balance sheet as of September 30, 2026, showed total assets of $41,441,859 thousand and total equity of $29,019,302 thousand. Net property, plant and equipment was reported at $33,667,019 thousand, reflecting EQT's capital-intensive upstream natural gas operations in Appalachia. Capital expenditures for the nine months ended September 30, 2026, were $1,896,087 thousand, up from $1,675,691 thousand in the same period of 2025, according to the cash flow statement. The filing also noted cash paid for acquisitions of additional interests in equity method investments of $216,209 thousand, a line with no comparable amount in the 2025 period.

What Was Disclosed

EQT Corporation's 10-Q for the period ended September 30, 2026, reported nine-month net income of $2,180,455 thousand, Q3 diluted EPS of $0.44, total assets of $41,441,859 thousand, and operating cash flow of $5,186,332 thousand for the first nine months of 2026. Senior notes declined materially from year-end 2025 levels.