EQT Corp (EQT) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, EQT reported revenue of $8.64B, up 63.9% from $5.27B the year before. Net income was $2.04B (a 23.6% net margin), or $3.31 per diluted share. Gross margin was 82.3% and operating margin was 37.6%. Operating activities generated $5.13B of cash, leaving $2.84B of free cash flow. At fiscal year end, EQT held $41.79B in total assets against $14.43B in total liabilities, including $110.8M of cash and equivalents.
Open the full interactive EQT financials → Quarterly statements, key ratios, valuation history and price charts.
EQT Key Stats
| Share Price | $54.43 |
|---|---|
| Market Cap | $34.24B |
| P/E Ratio | 16.4 |
| Revenue YoY Growth | +63.9% |
| 52-Week Range | $48.56 – $67.53 |
| Shares Outstanding | 626.0 million (basic, 2026 Q2) |
EQT Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.06B | $3.06B | $7.50B | $6.91B | $5.27B | $8.64B |
| Cost of Goods Sold | $1.71B | $1.94B | $2.12B | $2.16B | $1.92B | $1.53B |
| Gross Profit | $1.35B | $1.12B | $5.38B | $4.75B | $3.36B | $7.11B |
| Operating Income | -$877.7M | -$1.36B | $2.72B | $2.31B | $685.3M | $3.25B |
| Pre-Tax Income | -$1.27B | -$1.59B | $2.33B | $2.10B | $264.2M | $2.98B |
| Income Tax | -$298.9M | -$434.2M | $553.7M | $369.0M | $22.1M | $651.9M |
| Net Income | -$967.2M | -$1.16B | $1.77B | $1.74B | $230.6M | $2.04B |
| Diluted EPS | -$3.71 | -$3.58 | $4.38 | $4.22 | $0.45 | $3.31 |
EQT Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.96B | $2.39B | $3.38B | $1.81B |
| Net Income | $335.9M | $677.1M | $1.49B | $211.4M |
| Diluted EPS | $0.53 | $1.10 | $2.36 | $0.34 |
EQT Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $18.2M | $114.0M | $1.46B | $81.0M | $202.1M | $110.8M |
| Current Assets | $1.22B | $2.29B | $4.01B | $2.01B | $1.71B | $1.90B |
| Total Assets | $18.11B | $21.61B | $22.67B | $25.29B | $39.83B | $41.79B |
| Current Liabilities | $1.76B | $5.08B | $3.73B | $2.04B | $2.46B | $2.48B |
| Total Long-Term Debt | $4.93B | $5.49B | $5.68B | $5.80B | $9.32B | $7.80B |
| Total Liabilities | $8.85B | $11.56B | $11.46B | $10.50B | $15.55B | $14.43B |
| Shareholders' Equity | $9.26B | $10.03B | $11.17B | $14.77B | $20.60B | $23.75B |
EQT Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.54B | $1.66B | $3.47B | $3.18B | $2.83B | $5.13B |
| Cash From Investing | -$1.56B | -$2.07B | -$1.42B | -$4.31B | -$1.58B | -$2.84B |
| Cash From Financing | $31.7M | $506.0M | -$699.1M | -$242.9M | -$1.13B | -$2.37B |
| Free Cash Flow | $495.5M | $607.3M | $2.07B | $1.16B | $573.3M | $2.84B |
Figures from EQT's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full EQT financials page for every line item.
EQT Company Profile
| Ticker | EQT |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Canonsburg, Pennsylvania |
| Incorporated in | Pennsylvania |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000033213 |
Frequently Asked Questions
What was EQT's revenue in fiscal 2025?
EQT (EQT) reported revenue of $8.64B for fiscal 2025.
What is EQT's annual revenue history?
EQT's annual revenue by fiscal year: 2020: $3.06B; 2021: $3.06B; 2022: $7.50B; 2023: $6.91B; 2024: $5.27B; 2025: $8.64B.
What was EQT's net income in fiscal 2025?
EQT reported net income of $2.04B for fiscal 2025.
What was EQT's earnings per share (EPS) in fiscal 2025?
EQT's diluted EPS was $3.31 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did EQT generate in fiscal 2025?
EQT generated $2.84B of free cash flow in fiscal 2025.
What was EQT's revenue last quarter?
In its most recent reported quarter (2026 Q2), EQT reported revenue of $1.81B.
How much debt does EQT have?
EQT reported $7.80B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of EQT are outstanding?
EQT reported a weighted average of 626.0 million basic shares outstanding in 2026 Q2.
What is EQT's market cap?
Based on its latest closing price, EQT (EQT) has a market capitalization of about $34.24B.
When does EQT's fiscal year end?
EQT's fiscal year end, as registered with the SEC, is December 31.
Where is EQT headquartered?
EQT lists its business address in Canonsburg, Pennsylvania in its SEC filings.