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Total Sales Volume
634.0Bcfe
+2.6% QoQ · +11.6% YoY
Average Realized Price
2.6$/Mcfe
-47.8% QoQ · -5.7% YoY
Adjusted EBITDA (Attrib. to EQT)
$1,067.0M
-58.1% QoQ · +3.3% YoY
Free Cash Flow (Attrib. to EQT)
$330.0M
-82.0% QoQ · +37.5% YoY
Total Operating Costs/Unit
1.0$/Mcfe
-5.5% QoQ · -4.6% YoY
Capital Expenditures
$666.0M
+9.5% QoQ · +20.2% YoY
Total Sales Volume (Bcfe)
Average Realized Price ($/Mcfe)
Adjusted EBITDA (Attrib. to EQT) ($M)
Free Cash Flow (Attrib. to EQT) ($M)
Total Operating Costs/Unit ($/Mcfe)
Capital Expenditures ($M)
Why these KPIs
EQT's earnings releases headline total sales volume, capital expenditures, realized pricing and per-unit operating costs as top bullets every quarter, while the financial performance table centers on Adjusted EBITDA and Free Cash Flow attributable to EQT as its core non-GAAP profitability/cash measures. The attributable-to-EQT breakout for EBITDA/FCF began appearing once EQT's midstream JV noncontrolling interest structure was established (not yet disclosed as of Q3 2024, partially in Q4 2024).
| Period | Total Sales Volume | Average Realized Price | Adjusted EBITDA (Attrib. to EQT) | Free Cash Flow (Attrib. to EQT) | Total Operating Costs/Unit | Capital Expenditures |
| Q3 2024 | 581.0Bcfe | 2.4$/Mcfe | — | — | 1.1$/Mcfe | $558.0M |
| Q4 2024 | 605.0Bcfe | 3.0$/Mcfe | — | $580.0M | 1.1$/Mcfe | $583.0M |
| Q1 2025 | 571.0Bcfe | 3.8$/Mcfe | $1,644.0M | $1,036.0M | 1.1$/Mcfe | $497.0M |
| Q2 2025 | 568.0Bcfe | 2.8$/Mcfe | $1,033.0M | $240.0M | 1.1$/Mcfe | $554.0M |
| Q3 2025 | 634.0Bcfe | 2.8$/Mcfe | $1,200.0M | $484.0M | 1.0$/Mcfe | $618.0M |
| Q4 2025 | 609.0Bcfe | 3.4$/Mcfe | $1,509.0M | $744.0M | 1.1$/Mcfe | $655.0M |
| Q1 2026 | 618.0Bcfe | 5.1$/Mcfe | $2,547.0M | $1,832.0M | 1.1$/Mcfe | $608.0M |
| Q2 2026 | 634.0Bcfe | 2.6$/Mcfe | $1,067.0M | $330.0M | 1.0$/Mcfe | $666.0M |