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EQT (EQT) Reports Q3 Earnings: What Key Metrics Have to Say

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EQT Corporation (EQT - Free Report) reported $1.77 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 1%. EPS of $0.42 for the same period compares to $0.52 a year ago.

The reported revenue represents a surprise of -0.92% over the Zacks Consensus Estimate of $1.79 billion. With the consensus EPS estimate being $0.38, the EPS surprise was +10.53%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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:
  • Average daily sales volume - Total: 6,335.00 MMcfe/D versus 6,501.11 MMcfe/D estimated by four analysts on average.
  • Natural gas - Average natural gas price, including cash settled derivatives: $2.60 compared to the $2.51 average estimate based on four analysts.
  • Oil - Sales volume: 386.00 MBBL compared to the 407.36 MBBL average estimate based on three analysts.
  • Sales Volume - Total: 582,802.00 MMcfe versus 599,427.80 MMcfe estimated by three analysts on average.
  • Natural gas - Sales volume: 544,536.00 MMcf compared to the 565,882.70 MMcf average estimate based on three analysts.
  • Average Sales Price - Natural gas price: $3.12 versus the three-analyst average estimate of $2.71.
  • Operating revenues- Sales of natural gas, natural gas liquids and oil: $1.51 billion compared to the $1.62 billion average estimate based on three analysts. The reported number represents a change of -10.1% year over year.
  • Revenues from contracts with customers- NGLs sales: $144.95 million versus the three-analyst average estimate of $173.75 million. The reported number represents a year-over-year change of +4%.
  • Operating revenues- Pipeline and other: $162.3 million compared to the $137.5 million average estimate based on three analysts. The reported number represents a change of +11.8% year over year.
  • Natural gas sales, including cash settled derivatives: $1.42 billion compared to the $1.46 billion average estimate based on two analysts. The reported number represents a change of -10.7% year over year.
  • Total natural gas and liquids sales, including cash settled derivatives: $1.59 billion compared to the $1.69 billion average estimate based on two analysts. The reported number represents a change of -9.5% year over year.
  • Revenues from contracts with customers- Oil sales: $25.31 million compared to the $25.98 million average estimate based on two analysts. The reported number represents a change of +4.9% year over year.

View all Key Company Metrics for EQT here>>>

Shares of EQT have returned +8.9% over the past month versus the Zacks S&P 500 composite's +0.7% 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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