EQT Corporation (EQT) Revenue by Segment

EQT revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), EQT's largest business segment was Upstream, with $1.66 billion or 78% of revenue, down 31.3% from a year earlier. Next: Gathering (16%) and Transmission (7%).

By product or service, Revenues From Contract With Customers brought in 51% and Sales of Natural Gas, NGLs and Oil At Production brought in 49% of revenue in Q1 fiscal 2026.

The fastest-growing business segment from a year earlier was Gathering (+6.6%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

EQT Corporation

EQTEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

UpstreamProductionEQT ProductionGatheringTransmissionEQM GatheringEQM Water

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Upstream	USD 1.66B	77.5%	-31.3%
Gathering	USD 341.33M	15.9%	+6.6%
Transmission	USD 141.16M	6.6%	+4.9%
Corporate and Reconciling Itemsi	-USD 336.19M		–

Sum of items USD 2.15B; corporate items and eliminations -USD 336.19M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q4 FY18	Q3 FY18	Q4 FY17	Q3 FY17
Upstream	1.7B	3.2B	–	–	2.4B	1.6B	–	–	–	–	–	–	–	–	–	–
Production	–	–	–	1.8B	–	–	–	1.2B	949.4M	1.4B	–	–	–	–	–	–
EQT Production	–	–	–	–	–	–	–	–	–	–	–	1.2B	–	1.1B	–	597.7M
Gathering	341.3M	335.0M	–	321.2M	320.3M	335.3M	–	271.2M	74.3M	64.4M	–	–	–	–	–	–
Transmission	141.2M	161.5M	–	136.7M	134.6M	146.3M	–	87.4M	–	–	–	–	–	89.3M	–	89.8M
EQM Gathering	–	–	–	–	–	–	–	–	–	–	–	42.1M	–	252.9M	–	116.5M
EQM Water	–	–	–	–	–	–	–	–	–	–	–	–	–	22.4M	–	–

EQT revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Upstream	$1.7B	$3.2B	–	$2.4B	78%
Gathering	$341.3M	$335.0M	$321.2M	$320.3M	16%
Transmission	$141.2M	$161.5M	$136.7M	$134.6M	7%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

EQT revenue by product or service, last 4 quarters

Product or service	Q1 FY26	Q1 FY25	Q2 FY24	Q1 FY24	Share
Revenues From Contract With Customers	$3.6B	$2.4B	$892.6M	$1.3B	51%
Sales of Natural Gas, NGLs and Oil At Production	$3.4B	$2.2B	–	–	49%

In USD, fiscal quarters as reported; share = part of Q1 FY26 revenue.

Questions and answers

What are EQT's business segments?

Upstream, Gathering and Transmission (as reported for Q2 fiscal 2026).

Which business segment makes the most money for EQT?

Upstream: $1.66 billion, or 78% of revenue, in Q2 fiscal 2026.

What are EQT's main products and services?

By revenue in Q1 fiscal 2026: Revenues From Contract With Customers (51%) and Sales of Natural Gas, NGLs and Oil At Production (49%).

MoreEQT stock overview EQT financials EQT executive team EQT shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.