EQT (EQT) Revenue by Segment

Breaks down top-line sales across the company’s business units, showing which segments drive growth, how diversified the revenue base is, and where dependence on a single market or commodity could increase risk.

EQT’s revenue mix remains heavily Upstream and more volatile—recent upside reflects production outperformance and the 2026 guidance bump, while subsequent normalization highlights seasonality and price sensitivity. Transmission moved from immaterial to meaningful as EQT accelerates MVP Southgate and monetizes takeaway capacity, showing deliberate midstream monetization. Gathering has settled at a higher, steadier run‑rate thanks to compression and better well performance. Growing negative intersegment eliminations point to more internalized flows and captive midstream activity; execution and low gas‑price risk still underpin near‑term FCF variability despite management’s buyback/capital discipline.