EQT Corporation EQT is set to release third-quarter 2026 results on Oct. 27, after market close. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share on revenues of $1.75 billion.
Let us delve into the factors that may have influenced the pure-play Appalachian natural gas producer’s performance in the third quarter. Before that, it is worth taking a look at EQT’s prior-quarter performance.
Highlights of EQT’s Q2 Earnings & Surprise History
In the last reported quarter, EQT’s earnings missed the Zacks Consensus Estimate due to lower realized natural gas-equivalent prices despite an increase in sales volume. The company beat on earnings in three of the trailing four quarters, while missing the same once, delivering an average surprise of 8.4%. This is depicted in the graph below:
EQT Corporation Price and EPS Surprise
EQT Corporation price-eps-surprise | EQT Corporation Quote
EQT’s Trend in Estimate Revision
The Zacks Consensus Estimate for EQT’s third-quarter earnings has seen one upward and five downward revisions over the past 60 days. The estimated figure of 38 cents represents a 26.9% year-over-year decline. Meanwhile, the Zacks Consensus Estimate for revenues suggests a 0.1% decrease from the prior-year quarter's level.
Factors to Note for EQT
According to the U.S. Energy Information Administration, the Henry Hub natural gas spot price (in dollars per million Btu) for July, August and September of 2026 was $2.89, $2.78 and $2.95, respectively, marking a decline from $3.20, $2.91 and $2.97 reported a year ago. The significant year-over-year decrease in natural gas prices in the September-end quarter of 2026 is likely to have hurt EQT’s earnings.
Earnings Whispers for EQT
Our proven model does not conclusively predict an earnings beat for EQT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
The natural gas producer has an Earnings ESP of -0.08% and a Zacks Rank #3.
You can uncover the best stocks to buy or sell before earnings reported with our Earnings ESP Filter.
Stocks to Consider
Here are some energy firms that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
ExxonMobil Holdings Corporation XOM has an Earnings ESP of +5.18% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM’s earnings is pegged at $3.93 per share, indicating a 109% improvement from the prior-year reported figure.
EOG Resources EOG has an Earnings ESP of +1.93% and a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5.
The Zacks Consensus Estimate for EOG’s earnings is pegged at $4.39 per share, suggesting a 62% improvement from the prior-year reported figure.
BP plc BP has an Earnings ESP of +5.44% and a Zacks Rank #1 at present. BP is scheduled to release third-quarter 2026 earnings on Oct. 30.
The Zacks Consensus Estimate for BP’s earnings is pegged at $2.43 per share, suggesting a 185.9% increase from the prior-year reported figure.
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EQT Corporation (EQT): Free Stock Analysis Report
BP p.l.c. (BP): Free Stock Analysis Report
ExxonMobil Holdings Corporation (XOM): Free Stock Analysis Report
EOG Resources, Inc. (EOG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).