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EQT (EQT) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended March 2026, EQT Corporation (EQT - Free Report) reported revenue of $3.14 billion, up 45.7% over the same period last year. EPS came in at $2.33, compared to $1.18 in the year-ago quarter.
The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $3.13 billion. With the consensus EPS estimate being $2.23, the EPS surprise was +4.48%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how EQT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Natural gas - Average natural gas price, including cash settled derivatives: $5.07 versus the four-analyst average estimate of $4.92.
Average daily sales volume - Total: 6,863.00 MMcfe/D versus the four-analyst average estimate of 6,658.24 MMcfe/D.
Natural gas - Sales volume: 581,327.00 MMcf versus 568,896.10 MMcf estimated by three analysts on average.
Average Sales Price - Oil price: $54.94 versus $58.31 estimated by three analysts on average.
Average Sales Price - Natural gas price: $5.22 versus the three-analyst average estimate of $5.33.
Sales Volume - Total: 617,699.00 MMcfe compared to the 603,178.60 MMcfe average estimate based on three analysts.
Oil - Sales volume: 518.00 MBBL versus 531.81 MBBL estimated by three analysts on average.
Operating revenues- Pipeline and other: $177.07 million versus $166.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
Operating revenues- Sales of natural gas, natural gas liquids and oil: $3.44 billion versus the three-analyst average estimate of $3.08 billion. The reported number represents a year-over-year change of +53.3%.
Revenues from contracts with customers- Oil sales: $28.48 million compared to the $27.49 million average estimate based on two analysts. The reported number represents a change of +35.9% year over year.
Total natural gas and liquids sales, including cash settled derivatives: $3.14 billion versus the two-analyst average estimate of $2.83 billion. The reported number represents a year-over-year change of +45.7%.
Revenues from contracts with customers- NGLs sales: $157.11 million versus $152.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
Shares of EQT have returned -12.8% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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EQT (EQT) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2026, EQT Corporation (EQT - Free Report) reported revenue of $3.14 billion, up 45.7% over the same period last year. EPS came in at $2.33, compared to $1.18 in the year-ago quarter.
The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $3.13 billion. With the consensus EPS estimate being $2.23, the EPS surprise was +4.48%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how EQT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for EQT here>>>
Shares of EQT have returned -12.8% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.