EQT Corporation (EQT)

EQT Corporation Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	9,150	8,181	5,042	5,070	12,141	6,840
Revenue Growth	18.69%	62.25%	-0.55%	-58.24%	77.50%	161.83%
Gross Profit Gross Profit Growth	7,356	6,432	2,930	2,674	9,725	4,672
Operating Income Operating Income Growth	4,131	3,491	344.31	2,507	2,931	-1,008
Net Income Net Income Growth	2,654	2,039	230.58	1,735	1,771	-1,143
Earnings Per Share EPS Growth	4.21	3.31	0.45	4.22	4.38	-3.54
EPS Growth	44.95%	638.44%	-89.37%	-3.63%	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Natural Gas Sales Natural Gas Sales Growth	7,940	7,019	4,225	4,521	11,448	6,180
NGLs Sales NGLs Sales Growth	617.11	620.38	615.93	427.76	586.72	531.51
Oil Sales Oil Sales Growth	112.87	87.56	93.55	96.19	79.16	92.33
Gains on Derivatives Gains on Derivatives Growth	-179.75	290.99	51.12	1,839	-4,643	-3,775
Pipeline and Other Pipeline and Other Growth	664.69	626.51	287.83	25.21	26.45	35.69
Revenue (Total) Revenue (Total) Growth	9,347	8,644	5,273	6,909	7,498	3,065

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	78.72	110.8	202.09	80.98	1,459	113.96
Total Debt Total Debt Growth	5,553	7,916	9,425	5,854	5,727	5,644
Net Cash (Debt) Net Cash Growth	-5,474	-7,805	-9,223	-5,773	-4,268	-5,530
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-8.70	-12.68	-17.92	-13.97	-10.50	-17.11

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	6,312	5,126	2,827	3,179	3,466	1,662
Capital Expenditures CapEx Growth	-2,509	-2,288	-2,254	-2,019	-1,400	-1,055
Free Cash Flow Free Cash Flow Growth	3,803	2,838	573.26	1,160	2,065	607.32
Free Cash Flow Growth	52.75%	394.98%	-50.57%	-43.84%	240.04%	22.57%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	80.40%	78.63%	58.10%	52.74%	80.11%	68.31%
Operating Margin	45.15%	42.67%	6.83%	49.45%	24.14%	-14.73%
Pretax Margin	40.88%	36.40%	5.24%	41.49%	19.23%	-22.95%
Profit Margin	29.01%	24.93%	4.57%	34.23%	14.59%	-16.71%
FCF Margin	41.56%	34.69%	11.37%	22.88%	17.01%	8.88%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.680	0.637	0.630	0.610	0.550	0.125
Dividend Per Share Growth	4.31%	1.19%	3.28%	10.91%	340.00%	-
Dividend Yield	1.25%	1.19%	1.37%	1.61%	1.62%	0.57%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	12.95	16.40	119.32	9.16	7.01	-
Forward PE	17.27	13.64	18.22	12.57	4.15	9.24
P/FCF Ratio	8.97	11.79	47.99	13.71	6.01	13.57
PS Ratio	3.73	4.09	5.46	3.14	1.02	1.21

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 30, 2026

Data Sources Report a data error