Natgas producer EQT's Q3 profit beats expectations on lower operating costs
EQT•EQT reported Q3 adjusted EPS of $0.42, above the $0.39 analyst estimate, and adjusted net income of $261 million, above the $255.43 million estimate. The company forecast Q4 2026 sales volume of 550–600 Bcfe and full-year volume of 2,375–2,450 Bcfe.
1. Quarterly results
EQT's Q3 adjusted EPS was $0.42, compared with analyst expectations of $0.39. Adjusted net income was $261 million, above the $255.43 million estimate, while reported EPS was $0.44.
2. Costs and outlook
Q3 capital expenditures were 10% below guidance, which the company attributed to reduced upstream and midstream spending and operational efficiency gains. Per-unit operating costs were at the low end of guidance, driven by lower lease operating expense and production taxes. EQT expects Q4 2026 sales volume of 550–600 Bcfe, including 10–20 Bcfe of curtailments, and forecasts full-year 2026 sales volume of 2,375–2,450 Bcfe.
