NYSE$EQT

EQT Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

EQT reported Q3 2025 total operating revenues of $1.96B with net income of $407M and diluted EPS of $0.53.

Total operating revenues were $1.96 billion with net income of $407 million and diluted EPS of $0.53 for the quarter ended September 30, 2025. Natural gas production, price realizations, and midstream throughput shaped results versus the prior-year loss period.

  • Q3 total operating revenues $1.96B; net income $407M.
  • Diluted EPS $0.53 as production and pricing improved year over year.
  • Appalachian gas volumes and firm transportation support cash flow.
  • Hedging and operating cost discipline affect quarterly earnings volatility.

Headline financials

Total Revenue

$1.96B

Previous: $1.28B+52.6%
EPS (adj)

$0.53

Previous: -$0.54+198.1%
Capital Expenditures

-$1.68B

Previous: -$1.66B-0.8%
Free Cash Flow

-$1.34B

Previous: -$1.96B+31.7%
Net Income

$336M

Previous: -$301M+211.6%
Operating Income

$603M

Previous: -$282M+314.0%
Gross Profit

$1.58B

Previous: $843M+87.6%
Cash & Equivalents

$236M

Previous: $89M+164.9%
Total Assets

$41.2B

Previous: $39.9B+3.1%

Revenue & EPS history

EQT · Revenue · Quarterly

$1.96B

Q3 2025+52.6%vs Q3 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The filing discusses EQT's outlook, capital allocation, and key risks for upcoming quarters, including operating priorities and balance-sheet flexibility where disclosed.

Tailwinds

  • Commodity prices and production volumes drive earnings sensitivity.
  • EQT cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Hedging and basis differentials can swing quarterly results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.8%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+2.3%

Avg return

30 days after

64%

47 / 73 earnings

Positive

+18.3%

Q4 2019

Best reaction

-19.6%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%+0.5%-0.9%
Q4 2025+1.5%+2.2%+12.0%
Q3 2025-4.0%-3.5%+2.4%
Q2 2025+1.5%-1.4%-2.1%
Q1 2025+0.4%+5.3%+14.5%
Q4 2024+0.9%-6.9%-1.7%
Q3 2024+3.4%-4.5%+21.4%
Q2 2024-1.6%-3.8%-7.8%
Q1 2024+3.8%+7.0%+5.1%
Q4 2023-5.6%-0.7%-3.3%
Q3 2023+0.7%-3.2%-4.0%
Q2 2023+4.6%+6.5%+5.0%
Q1 2023+5.8%+8.1%+13.8%
Q4 2022+2.4%+0.5%-5.5%
Q3 2022-1.3%+5.7%+8.7%
Q2 2022-6.2%-7.2%+9.0%
Q1 2022+4.2%+1.3%+24.4%
Q4 2021+2.3%+7.5%+27.5%
Q3 2021-8.3%-8.5%-6.8%
Q2 2021-8.0%-13.8%-8.4%
Q1 2021-7.5%+5.2%+7.7%
Q4 2020+2.5%-1.0%+3.4%
Q3 2020+8.9%+9.0%-0.7%
Q2 2020-2.5%+2.5%+10.7%
Q1 2020+2.6%-7.1%+10.3%
Q4 2019+18.3%+24.0%+39.1%
Q3 2019+6.7%+9.8%-11.8%
Q2 2019-10.1%-7.3%-35.0%
Q1 2019+1.2%-1.4%-6.4%
Q4 2018-1.5%-1.2%+1.0%
Q3 2018-19.6%-18.8%-17.8%
Q2 2018-10.1%-10.4%-7.7%
Q1 2018+6.4%+7.0%+7.0%
Q4 2017+8.3%+6.0%+4.0%
Q3 2017+4.0%+2.8%-5.3%
Q2 2017+3.3%-0.1%-4.5%
Q1 2017-9.0%-7.6%-11.3%
Q4 2016+7.1%+2.5%-2.5%
Q3 2016+2.6%+1.0%+9.0%
Q2 2016-0.8%-4.2%-2.4%
Q1 2016-3.2%
Q4 2015-1.8%
Q3 2015-6.5%
Q2 2015+2.6%
Q1 2015-0.8%
Q4 2014+6.0%
Q3 2014+7.2%
Q2 2014+0.2%
Q1 2014-0.3%
Q4 2013+2.5%
Q3 2013-0.3%
Q2 2013+4.6%
Q1 2013+7.7%
Q4 2012+3.9%
Q3 2012+7.7%
Q2 2012+4.2%
Q1 2012+0.9%
Q4 2011+4.6%
Q3 2011-1.8%
Q2 2011+3.7%
Q1 2011+1.5%
Q4 2010+0.8%
Q3 2010+1.8%
Q2 2010-3.0%
Q1 2009+0.0%
Q1 2010+2.4%
Q4 2009+2.0%
Q3 2009-1.0%
Q3 2008-1.0%
Q4 2008+1.8%
Q4 2007+1.8%
Q2 2008+1.8%
Q2 2009+1.8%

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