The earnings decline is the primary new information in this filing. Monitor the upcoming S-4 registration statement for Range shareholder vote details and any regulatory updates on the merger timeline.
Price Chart
Executive Summary
EQT Corporation filed its Q3 2026 earnings release alongside the pending all-stock acquisition of Range Resources. Headline financials declined YoY: net income attributable to EQT fell to $279M from $336M, diluted EPS dropped to $0.44 from $0.53, and adjusted EBITDA attributable to EQT decreased to $1,021M from $1,200M. The filing confirms previously announced deal terms (0.987 EQT shares per Range share, expected Q1 2027 close) and provides no new financial data or revised synergy estimates for the transaction.
Key Financial Metrics
Key Facts
- Net income attributable to EQT fell to $279M in Q3 2026 from $336M in Q3 2025, a decline of $57M.
- Diluted EPS decreased to $0.44 from $0.53 YoY.
- Adjusted EBITDA attributable to EQT fell to $1,021M from $1,200M YoY.
- Free cash flow attributable to EQT dropped to $283M from $484M YoY.
- Total sales volume declined to 583 Bcfe from 634 Bcfe YoY.
- Average realized price slipped to $2.72/Mcfe from $2.76/Mcfe YoY.
- Net debt reduced to $5.5B from $7.7B at year-end 2025.
- The filing confirms the previously announced all-stock acquisition of Range Resources by EQT, with no changes to deal terms.
Financial Impact
Net income attributable to EQT down $57M YoY; diluted EPS down $0.09; adjusted EBITDA attributable to EQT down $179M; free cash flow attributable to EQT down $201M.
Risk Factors
- Declining YoY financial performance may pressure EQT's stock and affect Range shareholder vote sentiment.
- Merger closing is subject to shareholder and regulatory approvals; any delays or conditions could alter the deal timeline.
- Natural gas price volatility and widening basis differentials could further pressure EQT's realized pricing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0000033213-26-000056 |
| Document: eqt-8kxlive.htm | 0000033213-26-000056 |
| Document: 0000033213-26-000056-index-headers.html | 0000033213-26-000056 |
| Document: 0000033213-26-000056-index.html | 0000033213-26-000056 |
| Document: 0000033213-26-000056.txt | 0000033213-26-000056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | 425 | $56.00 | awaiting T+60 | awaiting T+60 | $54.63 (−2.45%) |
Oct 30, 2026 2d ago | SC 13G | $53.75 | awaiting T+60 | awaiting T+60 | $54.63 (+1.64%) |
Oct 29, 2026 3d ago | 425 | $56.00 | awaiting T+60 | awaiting T+60 | $54.63 (−2.45%) |
Oct 28, 2026 4d ago | 425 | $53.89 | awaiting T+60 | awaiting T+60 | $54.63 (+1.37%) |
Oct 28, 2026 4d ago | 425 | $55.88 | awaiting T+60 | awaiting T+60 | $54.63 (−2.24%) |
Oct 28, 2026 4d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 27, 2026 5d ago | 425 | $55.88 | awaiting T+60 | awaiting T+60 | $54.63 (−2.24%) |
Oct 27, 2026 5d ago | 425 | $55.88 | awaiting T+60 | awaiting T+60 | $54.63 (+2.24%) |
Oct 27, 2026 5d ago | 425 | $55.88 | awaiting T+60 | awaiting T+60 | $54.63 (−2.24%) |
Oct 27, 2026 5d ago | Press Release | $55.88 | awaiting T+60 | awaiting T+60 | $54.63 (−2.24%) |
US Market Status
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