EQT

EQT Energy Market cap $33.3B as of Sep 14, 2026 16:03 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 22, 2026

Revenue$1.81B −29% year over year

Gross profit$1.43B 79% margin

Operating profit$0.39B 22% margin

Net profit$0.21B 12% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.81	100%	−29%
Sales of natural gas	1.61	89%
Pipeline & other	0.16	9%
Other revenue	0.05	2%
Cost of revenue	−0.39	21%
Gross profit	1.43	79% margin	−6pp
SG&A	−0.11	6%	+3pp
Other	−0.93	51%
Operating profit	0.39	22% margin	−23pp
Interest & other costs	−0.10
Tax	−0.09
Net profit	0.21	12% margin	−19pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.38	100%	+94%
Cost of revenue	−0.40	12%
Gross profit	2.98	88% margin	+10pp
SG&A	−0.10	3%	−2pp
Other	−0.85	25%
Operating profit	2.04	60% margin	+32pp
Interest & other costs	−0.12
Tax	−0.43
Net profit	1.49	44% margin	+30pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.39	100%	+47%
Cost of revenue	−0.39	16%
Gross profit	2.00	84% margin	+8pp
SG&A	−0.11	4%	−2pp
Other	−0.88	37%	+0pp
Operating profit	1.02	43% margin	−6pp
Interest & other costs	−0.13
Tax	−0.21
Net profit	0.68	28% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Segment revenue	2.2	110%
Sales of natural gas, NGLs and oil	1.7	85%
Gathering	0.3	15%
NGLs	0.1	5%
Transmission	0.1	5%
Eliminations	−0.2	−10%
Net revenue	2.0	100%	+53%
Cost of revenue	−0.4	20%
Gross profit	1.6	81% margin	+15pp
SG&A	−0.1	5%	−2pp
Other	−0.9	45%	+0pp
Operating profit	0.6	31% margin	+53pp
Interest & other costs	−0.1
Tax	−0.2
Net profit	0.3	17% margin	+41pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.56	100%	+169%
Natural gas, NGLs & oil	1.70	66%
Gain on derivatives	0.72	28%
NGLs sales	0.15	6%
Oil sales	0.02	1%
Cost of revenue	−0.39	15%
Gross profit	2.17	85% margin	+42pp
SG&A	−0.08	3%	−4pp
Other	−0.95	37%	+0pp
Operating profit	1.13	44% margin	+44pp
Interest & other costs	−0.11
Tax	−0.24
Net profit	0.78	31% margin	+30pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.74	100%	+23%
Production pipeline	0.49	28%
Gas liquids & oil	0.34	19%
Gathering pipeline	0.34	19%
Services & other	0.17	10%
Sales of natural gas	0.15	9%
Transmission pipeline	0.15	8%
Other revenue	0.12	7%
Cost of revenue	−0.38	22%
Gross profit	1.36	78% margin	+17pp
SG&A	−0.09	5%	+0pp
Other	−0.77	45%	+0pp
Operating profit	0.50	29% margin	+16pp
Interest & other costs	−0.18
Tax	−0.08
Net profit	0.24	14% margin	+7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 22, 2026 Operating margin 22% Net profit $0.21B	Apr 1 – Jun 30, 2026	Jul 22, 2026	$1.8B	−29%	22%	$0.21B	12%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 22, 2026 Operating margin 60% Net profit $1.49B	Jan 1 – Mar 31, 2026	Apr 22, 2026	$3.4B	+94%	60%	$1.49B	44%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 18, 2026 Operating margin 43% Net profit $0.68B	Oct 1 – Dec 31, 2025	Feb 18, 2026	$2.4B	+47%	43%	$0.68B	28%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 22, 2025 Operating margin 31% Net profit $0.30B	Jul 1 – Sep 30, 2025	Oct 22, 2025	$2.0B	+53%	31%	$0.30B	17%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 23, 2025 Operating margin 44% Net profit $0.78B	Apr 1 – Jun 30, 2025	Jul 23, 2025	$2.6B	+169%	44%	$0.78B	31%
Q1 FY25 Jan 1 – Mar 31, 2025 reported Apr 23, 2025 Operating margin 29% Net profit $0.24B	Jan 1 – Mar 31, 2025	Apr 23, 2025	$1.7B	+23%	29%	$0.24B	14%