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EQT posts record Q1 free cash flow of $1.83B, beats production and cost targets amid strong gas prices

Company Fundamentals
21 Apr 2026
PRNewsWire
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Bullish
pluang ai news

EQT Corporation reported strong financial results for Q1 2026, with sales volume exceeding guidance at 618 Bcfe and a realized natural gas price of $5.27 per Mcf. The company achieved record free cash flow of $1.83 billion, driven by operational efficiencies and lower capital expenditures of $608 million. EQT also reduced its net debt to $5.7 billion and received a credit rating upgrade to BBB from Fitch. Looking ahead, EQT expects Q2 production between 570-620 Bcfe and plans peak capital spending in the quarter, signaling confidence in sustained growth amid rising U.S. power demand and geopolitical energy concerns.

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