The earnings call highlighted strong production and financial performance, strategic acquisitions, and significant growth opportunities, balanced by a few challenges such as litigation expenses and near-term market headwinds. The overall sentiment is positive, with a strong outlook for sustainable growth and financial stability.

Company Guidance

During the EQT Q2 2025 earnings call, guidance highlighted several key metrics and strategic initiatives driving the company's performance and future outlook. Production was at the high end of guidance due to robust well productivity and compression project outperformance, with capital spending approximately $50 million below the low end of guidance. This resulted in about $240 million of Q2 free cash flow, despite a $134 million legal expense, indicating that without this, free cash flow would have been approximately $375 million, significantly exceeding expectations. The recent Olympus Energy acquisition, funded with $475 million in cash and 25.2 million shares, is expected to enhance operational integration and growth opportunities. EQT plans to embark on nearly $1 billion of organic investment projects, projected to yield a 25% free cash flow yield upon completion, with MVP Boost and Southgate projects commencing in 2028 and 2029, respectively. The company aims to reduce net debt to $7.5 billion by the end of 2025, with a long-term target of $5 billion, leveraging strong free cash flow to continue deleveraging while simultaneously pursuing high-return growth projects.

Record Production and Efficiency Improvements

Production was at the high end of guidance, benefiting from robust well productivity and outperformance from compression projects. Capital spending came in approximately $50 million below the low end of guidance, driven by midstream spending optimization, continued improvements and completion efficiency, and lower well costs.

Strong Financial Performance

Approximately $240 million of Q2 free cash flow was generated despite a $134 million litigation settlement expense. Without this legal expense, free cash flow would have totaled approximately $375 million. Cumulative free cash flow generation totaled nearly $2 billion over the past 3 quarters.

Strategic Acquisition and Integration

Closed acquisition of Olympus Energy on July 1, funded with $475 million of cash and issuance of approximately 25.2 million shares. The assets include a 90,000 net acre position offsetting EQT's acreage in Southwest Appalachia with 500 million cubic feet per day of net production and over a decade of core Marcellus inventory.

Deleveraging and Financial Stability

Exited the quarter with $7.8 billion of net debt, down approximately $350 million compared to Q1. Nearly $6 billion of debt reduction over the past 3 quarters with a target to achieve $7.5 billion net debt by year-end 2025.

Significant Growth Projects

Announced a pipeline of projects representing nearly $1 billion of organic investment opportunity, expected to generate approximately $250 million of recurring free cash flow by 2029.

EQT Holdings Ltd. (AU:EQT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AU:EQT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2026	2026 (Q2)	0.82 / -	0.615	―	―	―
Aug 20, 2025	2025 (Q4)	0.80 / 0.84	0.818	2.57% (+0.02)	―	―
Feb 19, 2025	2025 (Q2)	- / 0.61	0.675	-8.89% (-0.06)	―	―
Aug 21, 2024	2024 (Q4)	0.81 / 0.82	0.612	33.66% (+0.21)	―	―
Feb 21, 2024	2024 (Q2)	0.69 / 0.68	0.532	26.88% (+0.14)	―	―
Aug 24, 2023	2023 (Q4)	0.63 / 0.61	0.55	11.27% (+0.06)	―	―
Feb 22, 2023	2023 (Q2)	0.47 / 0.53	0.6	-11.33% (-0.07)	―	―
Aug 21, 2022	2022 (Q4)	0.64 / 0.55	0.595	-7.56% (-0.04)	―	―
Feb 25, 2022	2022 (Q2)	0.56 / 0.60	0.468	28.21% (+0.13)	―	―
Aug 18, 2021	2021 (Q4)	- / 0.59	0.369	61.25% (+0.23)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AU:EQT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	AU$29.61	AU$31.78	+7.33%
Feb 19, 2025	AU$34.69	AU$33.43	-3.63%
Aug 21, 2024	AU$32.54	AU$32.75	+0.65%
Feb 21, 2024	AU$26.61	AU$26.01	-2.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does EQT Holdings Ltd. (AU:EQT) report earnings?

EQT Holdings Ltd. (AU:EQT) is schdueled to report earning on Feb 19, 2026, TBA (Confirmed).

What is EQT Holdings Ltd. (AU:EQT) earnings time?

EQT Holdings Ltd. (AU:EQT) earnings time is at Feb 19, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of EQT Holdings Ltd. stock?

The P/E ratio of EQT Holdings Ltd. is N/A.

What is AU:EQT EPS forecast?

AU:EQT EPS forecast for the fiscal quarter 2026 (Q2) is 0.82.

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