EQT Corporation reported second-quarter 2026 adjusted earnings of 39 cents per share, down 13.3% year over year and missing the Zacks Consensus Estimate of 41 cents by 4.9%. Revenues declined 29.2% year over year to $1.81 billion, also missing the consensus estimate of $1.84 billion by 1.4%. The company completed its $77 million acquisition of Blackline Midstream LLC on July 21, 2026, which operates two propane storage and distribution terminals in New England. Management raised its full-year 2026 production outlook by roughly 90 Bcfe to 2,375-2,450 Bcfe, while lowering capital spending guidance by $25 million to $2.04-$2.19 billion. Free cash flow attributable to EQT climbed 37.6% to $329.7 million, and total debt fell to $5.7 billion from $7.8 billion at the end of 2025.
EQT CorporationEQT missed Q2 earnings and revenue estimates, though raised production outlook and lowered capex.
EQT completed acquisition of Blackline Midstream, which operates propane storage terminals.
