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EQT Corporation (EQT) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · Oil & Gas Exploration & Production · DATA UPDATED 2026-07-15

EQT Corporation (EQT) operates in the Oil & Gas Exploration & Production industry and is headquartered in Canonsburg, United States with about 1,523 employees. Its market capitalization is roughly $33 billion. In the fiscal year ended 2025-12-31, EQT reported $9.1B in revenue and $2.0B in net income.

EQT Corporation engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. The company sells natural gas, natural gas liquids, and oil to marketers, utilities, and industrial customers located in the Appalachian Basin.

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EQT Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$10.0B$9.1B$5.2B$5.1B$12.1B$6.8B$2.7B$3.8B$4.7B$3.0B$1.9B$2.0B$2.5B$1.9B$1.6B$1.6B$1.3B$1.3B$1.6B$1.4B$1.3B
Gross Profit$6.4B$4.4B$767M$942M$8.1B$3.0B$1.1B$2.1B$2.9B$1.5B$605M$957M$1.5B$1.1B$806M$801M$784M$747M$715M$617M$596M
Gross Margin %64.0%48.9%14.7%18.6%66.4%43.8%40.8%54.5%61.9%51.6%32.6%49.0%61.6%59.0%49.1%48.9%59.3%58.9%45.3%45.3%47.0%
Operating Income (EBIT)$4.7B$3.1B$685M$2.3B$2.7B($1.4B)($878M)($1.2B)($2.8B)$382M($755M)$563M$853M$655M$390M$761M$470M$357M$465M$312M$373M
Operating Margin %46.7%34.7%13.1%45.6%22.4%-19.9%-33.0%-30.3%-58.8%12.8%-40.6%28.8%34.5%35.2%23.7%46.4%35.6%28.1%29.5%22.9%29.4%
Net Income$3.4B$2.0B$231M$1.7B$1.8B($1.1B)($959M)($1.2B)($2.2B)$1.5B($453M)$85M$387M$391M$183M$480M$228M$157M$256M$257M$220M
Net Margin %33.4%22.5%4.4%34.2%14.6%-16.7%-36.1%-32.1%-47.4%50.5%-24.4%4.4%15.7%21.0%11.2%29.3%17.2%12.4%16.2%18.9%17.4%
EBITDA$7.6B$5.9B$2.9B$4.1B$4.2B$429M$450M$200M($1.1B)$1.4B$165M$1.4B$1.5B$1.3B$904M$1.1B$754M$561M$606M$421M$470M
Earnings Per Share (EPS)$5.41$3.27$0.41$4.20$4.36$-3.54$-3.68$-4.79$-8.60$8.04$-2.71$0.56$2.54$2.57$1.22$3.19$1.58$1.20$2.00$2.10$1.80
Shares Outstanding (M)625M625M560M413M406M323M261M255M261M188M167M153M153M152M151M150M144M131M128M123M122M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EQT Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$3.4B$2.3B$1.8B$2.6B$2.4B$1.8B$1.2B$891M
Gross Profit$3.3B$1.0B$659M$1.4B$1.3B$697M$93M($206M)
Gross Margin %98.4%45.9%36.1%54.7%55.0%38.6%7.6%-23.2%
Operating Income (EBIT)$2.0B$915M$603M$1.1B$496M$781M($282M)$3M
Operating Margin %60.3%40.2%33.1%44.3%20.5%43.2%-23.2%0.3%
Net Income$1.6B$677M$336M$784M$242M$418M($301M)$10M
Net Margin %46.0%29.8%18.4%30.7%10.0%23.1%-24.7%1.1%
EBITDA$2.7B$1.7B$1.3B$1.8B$1.1B$1.4B$345M$487M
Earnings Per Share (EPS)$2.49$1.08$0.53$1.30$0.40$0.69$-0.54$0.02
Shares Outstanding (M)625M625M628M603M603M603M560M445M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EQT Free Cash Flow History

Cash flowTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$6.4B$5.1B$2.8B$3.2B$3.5B$1.7B$1.5B$1.9B$3.0B$1.6B$1.1B$1.2B$1.4B$1.2B$821M$915M$790M$726M$509M$427M$619M
Capital Expenditures (CapEx)$2.4B$2.3B$2.3B$2.0B$1.4B$1.1B$1.0B$1.6B$3.7B$2.8B$2.6B$2.4B$2.5B$1.8B$1.4B$1.3B$1.3B$964M$1.3B$777M$405M
Free Cash Flow (FCF)$4.1B$2.8B$573M$1.2B$2.0B$607M$495M$249M($756M)($1.1B)($1.5B)($1.2B)($1.0B)($601M)($579M)($359M)($461M)($238M)($835M)($350M)$215M
FCF Margin %40.5%31.3%11.0%22.9%16.8%8.9%18.6%6.6%-16.0%-37.5%-82.2%-62.3%-42.0%-32.2%-35.2%-21.9%-34.9%-18.8%-53.0%-25.7%16.9%
Dividends Paid$399M$390M$327M$228M$204M$204M$8M$31M$31M$21M$20M$18M$18M$18M$132M$132M$127M$115M$111M$107M$105M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EQT Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$3.1B$1.1B$1.0B$1.2B$1.7B$756M$593M$322M
Capital Expenditures (CapEx)$599M$604M$626M$550M$500M$592M$569M$558M
Free Cash Flow (FCF)$2.5B$521M$391M$692M$1.2B$165M$24M($236M)
FCF Margin %72.7%22.9%21.5%27.1%51.3%9.1%1.9%-26.5%
Dividends Paid$103M$103M$98M$94M$94M$94M$94M$70M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EQT Balance Sheet History

Balance sheet2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$41.7B$41.8B$39.8B$25.3B$22.7B$22.8B$18.1B$18.8B$20.7B$29.5B$15.5B$14.0B$12.1B$9.8B$8.8B$8.8B$7.1B$6.0B$5.3B$3.9B$3.3B
Cash & Cash Equivalents$327M$111M$202M$81M$1.5B$114M$18M$5M$3M$147M$1.1B$1.6B$1.1B$846M$182M$831M$0M$0M$82M
Total Liabilities$12.9B$14.4B$15.6B$10.5B$11.5B$12.8B$8.9B$9.0B$9.8B$11.1B$6.4B$5.9B$5.7B$4.9B$5.0B$5.2B$4.0B$3.8B$3.3B$2.8B$2.3B
Total Debt (Short + Long-Term)$6.0B$7.8B$9.4B$5.8B$5.6B$5.5B$4.9B$5.3B$5.5B$7.3B$3.5B$3.1B$3.0B$2.5B$2.5B$2.7B$2.0B$2.0B$1.6B$1.2B$899M
Total Shareholders' Equity$25.1B$23.8B$20.6B$14.8B$11.2B$10.0B$9.3B$9.8B$11.0B$13.3B$9.1B$5.1B$4.6B$4.0B$3.6B$3.6B$3.1B$2.2B$2.0B$1.1B$946M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive EQT viewer.

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