EQT Corporation (EQT) earnings on July 21, 2026
Prior outlook: Pessimistic Outcome: Missed
The stock climbed sharply, rising 8.45% after many investors expected it to drop. The price reached an intraday high of 8.55% before closing near those levels.
EQT price around the earnings
54.01
Change: +8.5%
2026-07-22, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
- Thesis published
- Results released
Negative trend strength outweighs strong earnings history
Analysts see a strong history of beating earnings estimates, but the stock has been falling recently and a price target cut adds to the negative outlook.
Context analyzed before publication
- Summary
- Negative trend strength outweighs strong earnings history
- Playbook
- The stock has dropped over 11% in the past month, and analysts have lowered their price target, signaling persistent selling pressure.
- Trend
- Expert opinion worsened over the week
Analysts
Drivers
-
Analysts
Neutral
The average price target is about 35.2% above the current price, but a recent cut by Stephens & Co. is a negative context.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.52
- Analysts covering the stock
- 25
- Average price target
- 67.32
- Lowest price target
- 52
- Highest price target
- 79
- Upside to price target
- 35.2%
- Quarterly earnings growth
- 514.2%
- Revenue growth
- 49.9%
- Forward EPS
- 4.14
- Trailing EPS
- 5.27
- Analyst moves in the last 60 days
- 6
- Strong buy: 3
- Buy: 17
- Hold: 5
- Sell: 0
- Strong sell: 0
- Strong buy
- 3
- Buy
- 17
- Hold
- 5
- Sell
- 0
- Strong sell
- 0
- July 15, 2026 · Stephens & Co.: Maintains rating (Overweight → Overweight)
- July 8, 2026 · UBS: Maintains rating (Buy → Buy)
- July 2, 2026 · Jefferies: Maintains rating (Buy → Buy)
- June 30, 2026 · Freedom Broker: Initiates coverage (Buy)
- June 29, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- June 24, 2026 · Truist Securities: Maintains rating (Buy → Buy)
News and sentiment
Drivers
-
News & sentiment
Negative
Stephens & Co. lowered its price target to $71.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
There is no news coverage available for this event.
Technicals
Drivers
-
Technical
Negative
The stock has fallen 11.14% in the past 30 days and 5.62% in the past 14 days, showing a strong downward trend.
Evidence
- Average true range (ATR)
- 2.4%
- Distance to 52-week high
- -26.5%
- 14-day change (14d)
- -5.6%
- 30-day change (30d)
- -11.1%
- 30-day relative strength
- -11.1%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 48.82
- Nearest resistance
- 49.1
- Volume accumulation ratio (14d / 46d)
- 1.09
Trends
Evidence
- Average earnings surprise
- +20.4%
- April 21, 2026: actual EPS 2.33 vs estimate 2.09 (surprise +11.2%)
- February 17, 2026: actual EPS 0.9 vs estimate 0.76 (surprise +17.7%)
- October 21, 2025: actual EPS 0.52 vs estimate 0.36 (surprise +42.8%)
- July 22, 2025: actual EPS 0.45 vs estimate 0.41 (surprise +10.0%)
Expected move
Drivers
-
Past earnings
Positive
The company beat earnings estimates every time in the last four quarters, with an average surprise of +20.4%.
There is no implied-move data available for this event.
Reactions over its last 20 earnings
- Median move
- 3.3%
- 75th percentile move
- 4.5%
- 90th percentile move
- 6.5%
- Up / down moves
- 14 / 6
- Average up move
- +2.5%
- Average down move
- -5.6%
Monitoring and close
What EQT Corporation reported
- Status
- Finished
| Actual EPS | 0.39 |
|---|---|
| EPS estimate | 0.41 |
| EPS surprise | -4.9% |
| Revenue | $1,683 million |
| Revenue estimate | $1,796 million |
| Revenue surprise | -6.3% |
EQT missed Q2 earnings and revenue estimates but signed a 5-year LNG offtake deal starting 2028. Mixed outlook.
Sources (5)
- EQT Corp (NYSE:EQT) Reports Inline Q2 2026 Earnings as Natural Gas Headwinds Persist (opens in a new tab) — ChartMill
- EQT Corporation (EQT) Lags Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- EQT (NYSE:EQT) Surprises With Strong Q2 CY2026 (opens in a new tab) — StockStory
- EQT Reports Second Quarter 2026 Results (opens in a new tab) — Yahoo
- EQT reported adjusted EPS of $0.39, missing the $0.41 estimate, and revenue of $1.683B, below the $1.796B forecast. — Benzinga
Pre-market second reading after the results
- Verdict
- Missed expectations
Heading into the open, the figures overturn the prior pessimistic scenario. In the 713 past cases with a similar move, the close held that direction 86% of the time.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +8.4%
- Max favorable move (MFE)
- 1.4%
- Max adverse move (MAE)
- 8.6%