EQT reports Q3 2026 results and announces acquisition of Range Resources
EQT Corporation posted third‑quarter 2026 results, reporting sales volume of 583 Bcfe, net income of $279 million and adjusted EPS of $0.42. The company generated $1.083 billion of cash from operations and reduced net debt to just under $5.5 billion. It also announced a strategic acquisition of Range Resources, launched the 42‑inch POWER Pipeline open season and signed a 10‑year LNG sales contract with Ignitis Group.
Why it matters
The acquisition creates the largest vertically integrated U.S. natural‑gas producer, expanding EQT’s resource base and marketing platform, which the company says will enhance long‑term free‑cash‑flow generation. The strong cash flow and debt reduction improve the balance sheet, giving EQT flexibility for future capital spending and dividend growth.
Key facts
- 1Q3 2026 sales volume was 583 Bcfe, including 21 Bcfe of strategic curtailments. prnewswire.com
- 2Net income attributable to EQT was $279 million, down $57 million YoY. sec.gov
- 3Adjusted EPS was $0.42 per share. sec.gov
- 4Net cash provided by operating activities was $1,083 million. prnewswire.com
- 5Total debt at quarter‑end was $5.6 billion and net debt just under $5.5 billion. prnewswire.com
- 6EQT announced the acquisition of Range Resources Corporation. prnewswire.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.