EQT · Eqt Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | - | $1.96B | $2.56B | $1.74B | - | $1.28B | $952.51M | $1.41B | - |
| Cost of Revenue | $400.34M | - | $377.13M | $389.12M | $378.21M | - | $440.85M | $543.07M | $545.18M | - |
| Gross Profit | $2.98B | - | $1.58B | $2.17B | $1.36B | - | $842.96M | $409.44M | $867.09M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $95.75M | - | $98.72M | $81.59M | $91.46M | - | $88.47M | $67.21M | $73.05M | - |
| Total Operating Expenses | $1.34B | - | $1.36B | $1.42B | $1.24B | - | $1.57B | $949.54M | $1.23B | - |
| D&A | $654.79M | - | $688.38M | $623.47M | $620.77M | - | $589.30M | $465.98M | $486.75M | - |
| Operating Income | $2.04B | - | $603.21M | $1.13B | $496.25M | - | ($281.84M) | $2.97M | $182.72M | - |
| Interest Expense | $96.78M | - | $109.93M | $105.67M | $54.37M | - | $60.43M | $39.88M | $54.37M | - |
| Income Tax | $433.35M | - | $129.27M | $235.62M | $78.67M | - | ($104.87M) | ($44.22M) | $24.30M | - |
| Net Income | $1.49B | - | $335.86M | $784.15M | $242.14M | - | ($300.82M) | $9.52M | $103.49M | - |
| EPS - Basic | $2.38 | - | $0.54 | $1.31 | $0.40 | - | ($0.54) | $0.02 | $0.24 | - |
| EPS - Diluted | $2.36 | - | $0.53 | $1.30 | $0.40 | - | ($0.54) | $0.02 | $0.23 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $326.57M | $110.80M | $235.74M | $555.49M | $281.76M | $202.09M | $88.98M | $29.97M | $648.05M | $80.98M |
| Accounts Receivable | $953.31M | $1.46B | $803.91M | $817.40M | $1.21B | $1.13B | $577.60M | $587.00M | $445.16M | $823.70M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.41B | $1.37B | $1.12B | $1.15B | $1.34B | $1.18B | $1.04B | $1.20B | $1.12B | $1.27B |
| Current Assets | $1.56B | $1.90B | $1.27B | $1.63B | $1.74B | $1.71B | $1.08B | $1.23B | $2.10B | $2.01B |
| Total Assets | $41.69B | $41.79B | $41.20B | $39.67B | $39.70B | $39.83B | $39.95B | $24.71B | $25.44B | $25.29B |
| Current Liabilities | $2.37B | $2.48B | $2.19B | $2.31B | $3.06B | $2.46B | $2.11B | $1.69B | $2.37B | $2.04B |
| Long-term Debt | $5.48B | $7.29B | $7.71B | $7.92B | $8.11B | $9.00B | $13.39B | $4.95B | $4.90B | $5.50B |
| Total Liabilities | $12.91B | $14.43B | $14.40B | $14.57B | $15.30B | $15.55B | $19.46B | $9.58B | $10.27B | $10.50B |
| Stockholders' Equity | $25.12B | $23.75B | $23.15B | $21.42B | $20.72B | $20.60B | $20.33B | $15.12B | $15.16B | $14.77B |
| Retained Earnings | $5.62B | $4.24B | $3.66B | $3.43B | $2.74B | $2.59B | $2.26B | $2.66B | $2.72B | $2.68B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.06B | - | - | - | $1.74B | - | - | - | $1.16B | - |
| Investing Cash Flow | ($842.44M) | - | - | - | ($534.04M) | - | - | - | ($567.15M) | - |
| Financing Cash Flow | ($2.00B) | - | - | - | ($1.13B) | - | - | - | ($21.44M) | - |
| CapEx | $598.50M | - | - | - | $499.65M | - | - | - | $534.47M | - |
| Free Cash Flow | $2.46B | - | - | - | $1.24B | - | - | - | $621.20M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 88.2% | - | 80.7% | 84.8% | 78.3% | - | 65.7% | 43.0% | 61.4% | - |
| Operating margin | 60.3% | - | 30.8% | 44.3% | 28.5% | - | -22.0% | 0.3% | 12.9% | - |
| EBITDA margin | 79.6% | - | 65.9% | 68.7% | 64.2% | - | 23.9% | 49.2% | 47.4% | - |
| Net margin | 44.0% | - | 17.1% | 30.7% | 13.9% | - | -23.4% | 1.0% | 7.3% | - |
| Free cash flow margin | 72.7% | - | - | - | 71.4% | - | - | - | 44.0% | - |
| FCF / Net income | 1.65 | - | - | - | 5.13 | - | - | - | 6.00 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.8% | - | 5.0% | 3.2% | 5.3% | - | 6.9% | 7.1% | 5.2% | - |
| Effective tax rate | 22.6% | - | 27.8% | 23.1% | 24.5% | - | - | - | 19.0% | - |
| Return on assets | 3.6% | - | 0.8% | 2.0% | 0.6% | - | -0.8% | 0.0% | 0.4% | - |
| Return on equity | 5.9% | - | 1.5% | 3.7% | 1.2% | - | -1.5% | 0.1% | 0.7% | - |
| Return on invested capital | 5.2% | - | 1.4% | 3.0% | 1.3% | - | -0.7% | 0.0% | 0.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.66 | 0.76 | 0.58 | 0.71 | 0.57 | 0.70 | 0.51 | 0.73 | 0.88 | 0.99 |
| Quick ratio | 0.66 | 0.76 | 0.58 | 0.71 | 0.57 | 0.70 | 0.51 | 0.73 | 0.88 | 0.99 |
| Cash ratio | 0.14 | 0.04 | 0.11 | 0.24 | 0.09 | 0.08 | 0.04 | 0.02 | 0.27 | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | 0.22 | 0.31 | 0.33 | 0.37 | 0.39 | 0.44 | 0.66 | 0.33 | 0.32 | 0.37 |
| Debt / Assets | 0.13 | 0.17 | 0.19 | 0.20 | 0.20 | 0.23 | 0.34 | 0.20 | 0.19 | 0.22 |
| Debt / EBITDA | 2.04 | - | 5.97 | 4.51 | 7.26 | - | 43.56 | 10.55 | 7.32 | - |
| Interest coverage | 21.0x | - | 5.5x | 10.7x | 9.1x | - | -4.7x | 0.1x | 3.4x | - |
| Equity multiplier | 1.66 | 1.76 | 1.78 | 1.85 | 1.92 | 1.93 | 1.96 | 1.63 | 1.68 | 1.71 |
| Liabilities / Assets | 0.31 | 0.35 | 0.35 | 0.37 | 0.39 | 0.39 | 0.49 | 0.39 | 0.40 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.05 | 0.06 | 0.04 | - | 0.03 | 0.04 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 103d | - | 150d | 117d | 253d | - | 164d | 225d | 115d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 1290d | - | 1084d | 1080d | 1290d | - | 863d | 805d | 753d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 27.0x | - | 102.7x | 44.9x | 133.6x | - | - | 1849.0x | 161.2x | - |
| P / B | 1.6x | - | 1.5x | 1.6x | 1.6x | - | 1.0x | 1.1x | 1.1x | - |
| P / S | 11.9x | - | 17.5x | 13.7x | 18.5x | - | 16.0x | 17.3x | 11.7x | - |
| EV / EBITDA | 16.8x | - | 32.3x | 24.2x | 35.8x | - | 110.0x | 45.6x | 31.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 94.2% | - | 52.6% | 168.5% | 23.2% | - | 8.2% | -6.5% | -46.9% | - |
| Revenue CAGR (3y) | 8.3% | - | -19.1% | -8.7% | -11.2% | - | -10.4% | -4.0% | 7.7% | - |
| Revenue CAGR (5y) | 24.5% | - | 26.7% | 37.2% | 9.5% | - | 6.2% | -6.2% | 2.1% | - |
| Gross profit growth (YoY) | 118.7% | - | 87.6% | 429.6% | 57.0% | - | 33.5% | -17.4% | -59.6% | - |
| Operating income growth (YoY) | 310.3% | - | - | 38070.2% | 171.6% | - | - | - | -88.7% | - |
| Net income growth (YoY) | 514.2% | - | - | 8139.4% | 134.0% | - | - | - | -91.5% | - |
| EPS growth (YoY) | 490.0% | - | - | 6400.0% | 73.9% | - | - | - | -92.6% | - |
| EPS CAGR (3y) | -8.7% | - | -32.1% | -16.0% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | -47.3% | -21.1% | - |
| FCF growth (YoY) | 97.9% | - | - | - | 99.9% | - | - | - | -46.8% | - |
| FCF CAGR (5y) | 75.2% | - | - | - | 38.4% | - | - | - | 4.4% | - |
| Book value growth (YoY) | 21.2% | 15.3% | 13.9% | 41.7% | 36.6% | 39.4% | 43.2% | 25.9% | 25.2% | 32.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$9.09B totalUpstream Segment$8.02B · 88.3%
Gathering Segment$632.92M · 7.0%
Transmission Segment$435.19M · 4.8%
Product / service
$31.53B totalRevenues From Contract With Customers$8.35B · 26.5%
Sales Of Natural Gas NGLs And Oil At Production$7.73B · 24.5%
Oil And Gas$7.73B · 24.5%
Natural Gas Sales$7.02B · 22.3%
NGLs Sales$620.38M · 2.0%
Oil Sales$87.56M · 0.3%
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing EQT Corp against the 5 most active filers in the same SIC group.
Dividends
$0.65/share trailing 12 months · +3.3% YoY
| Ex-date | Per share |
|---|---|
| May 6, 2026 | $0.1650 |
| Feb 17, 2026 | $0.1650 |
| Nov 5, 2025 | $0.1650 |
| Aug 6, 2025 | $0.1580 |
| May 7, 2025 | $0.1580 |
| Feb 18, 2025 | $0.1580 |
| Nov 6, 2024 | $0.1580 |
| Aug 7, 2024 | $0.1580 |
| May 7, 2024 | $0.1580 |
| Feb 16, 2024 | $0.1580 |
| Nov 7, 2023 | $0.1580 |
| Aug 8, 2023 | $0.1500 |
| May 9, 2023 | $0.1500 |
| Feb 17, 2023 | $0.1500 |
| Nov 8, 2022 | $0.1500 |
| Aug 8, 2022 | $0.1500 |
| May 10, 2022 | $0.1250 |
| Feb 11, 2022 | $0.1250 |
| Feb 13, 2020 | $0.0300 |
| Nov 7, 2019 | $0.0300 |
| Aug 8, 2019 | $0.0300 |
| May 14, 2019 | $0.0300 |
| Feb 14, 2019 | $0.0300 |
| Nov 20, 2018 | $0.0300 |