balance equationreview2020-12-31
Difference 87778000 exceeds tolerance 18113469.000. Presentation or filing-vintage differences need review.
Revenue
$8.64B
Fiscal year ended 2025-12-31Operating income
$3.25B
Fiscal year ended 2025-12-31Free cash flow
$2.84B
Fiscal year ended 2025-12-31EQT Corp (EQT) reported revenue of $8.64B and net income of $2.04B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from EQT Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Crude Petroleum & Natural Gas.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.64B | $5.27B | $6.91B | $7.50B | $3.06B | $3.06B | $4.42B | $4.56B | $3.09B | $1.39B |
| Cost of revenue | $1.53B | $1.92B | $2.16B | $2.12B | $1.94B | $1.71B | $1.75B | $1.70B | $1.16B | $880.19M |
| Gross profit | $7.11B | $3.36B | $4.75B | $5.38B | $1.12B | $1.35B | $2.66B | $2.86B | $1.93B | $506.86M |
| Operating income | $3.25B | $685.30M | $2.31B | $2.72B | -$1.36B | -$877.67M | -$1.15B | -$2.78B | $382.21M | -$755.03M |
| Net income | $2.04B | $230.58M | $1.74B | $1.77B | -$1.14B | -$958.80M | -$1.22B | -$2.24B | $1.51B | -$452.98M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 615.72M | shares 514.59M | shares 413.22M | shares 406.50M | shares 323.20M | shares 260.61M | shares 255.14M | shares 260.93M | shares 187.73M | shares 166.98M |
| Pretax income | $2.98B | $264.19M | $2.10B | $2.33B | -$1.57B | -$1.25B | -$1.60B | -$3.08B | $198.61M | -$894.26M |
| Income tax expense | $651.88M | $22.08M | $368.95M | $553.72M | -$428.04M | -$295.29M | -$375.78M | -$696.51M | -$1.19B | -$362.77M |
| Diluted EPS | $3.31 | $0.45 | $4.22 | $4.38 | $-3.54 | $-3.68 | $-4.79 | $-8.60 | $8.04 | $-2.71 |
| Selling, general & administrative | $380.07M | $336.72M | $236.17M | $252.64M | $196.32M | $174.77M | $170.61M | $232.54M | $208.99M | $218.95M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $110.80M | $202.09M | $80.98M | $1.46B | $113.96M | $18.21M | $4.60M | $3.49M | $26.31M | $1.10B |
| Total assets | $41.79B | $39.83B | $25.29B | $22.67B | $21.61B | $18.11B | $18.81B | $20.72B | $29.52B | $15.47B |
| Current assets | $1.90B | $1.71B | $2.01B | $4.01B | $2.29B | $1.22B | $1.75B | $1.97B | $1.16B | $1.83B |
| Total liabilities | $14.43B | $15.55B | $10.50B | $11.46B | $11.64B | $8.85B | $9.01B | $9.76B | $11.11B | $6.35B |
| Current liabilities | $2.48B | $2.46B | $2.04B | $3.73B | $5.19B | $1.76B | $1.35B | $2.36B | $1.23B | $804.64M |
| Total equity incl. NCI | $27.36B | $24.28B | $14.78B | $11.21B | $9.97B | $9.17B | $9.80B | $10.96B | $18.41B | $9.12B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $1.46B | $1.13B | $823.70M | $1.61B | $1.44B | $566.55M | $610.09M | $1.24B | $664.68M | $341.63M |
| Goodwill | $2.06B | $2.08B | $0 | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $470.85M | $0 |
| Long-term debt | $7.29B | $9.00B | $5.50B | $5.26B | $4.53B | $4.77B | $5.28B | $3.99B | $4.69B | $3.29B |
| Accounts payable | $1.37B | $1.18B | $1.27B | $1.57B | $1.34B | $705.46M | $796.44M | $1.06B | $726.43M | $309.98M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.13B | $2.83B | $3.18B | $3.47B | $1.66B | $1.54B | $1.85B | $2.98B | $1.64B | $1.06B |
| Capital expenditures | $2.29B | $2.25B | $2.02B | $1.40B | $1.06B | $1.04B | $1.60B | $3.00B | $1.56B | $942.81M |
| Investing cash flow | -$2.84B | -$1.58B | -$4.31B | -$1.42B | -$2.07B | -$1.56B | -$1.60B | -$3.98B | -$4.20B | -$2.89B |
| Financing cash flow | -$2.37B | -$1.13B | -$242.86M | -$699.13M | $506.05M | $31.71M | -$249.45M | $859.02M | $1.53B | $1.40B |
| Net change in cash | -$91.30M | $121.12M | -$1.38B | $1.34B | $95.75M | Unavailable | Unavailable | Unavailable | -$956.22M | -$497.69M |
| Stock-based compensation | $60.78M | $158.34M | $49.83M | $45.20M | $28.17M | $19.55M | $31.23M | $25.19M | $94.59M | $44.60M |
| Common dividends paid | $389.63M | $326.58M | $228.34M | $203.63M | $0 | $7.66M | $30.66M | $31.38M | $20.83M | $20.16M |
| Common share repurchases | $0 | $0 | $201.03M | $409.48M | $12.92M | $0 | $0 | $27.00K | $30.00K | $30.00K |
| Depreciation & amortization | $2.60B | $2.16B | $1.73B | $1.67B | $1.68B | $1.39B | $1.54B | $1.57B | $970.98M | $856.45M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.84B | $573.26M | $1.16B | $2.07B | $607.32M | $495.47M | $249.25M | -$22.78M | $78.65M | $121.51M |
| Gross margin | 82.3% | 63.7% | 68.8% | 71.8% | 36.6% | 44.1% | 60.3% | 62.8% | 62.3% | 36.5% |
| Operating margin | 37.6% | 13.0% | 33.5% | 36.3% | -44.4% | -28.7% | -26.1% | -61.1% | 12.4% | -54.4% |
| FCF margin | 32.8% | 10.9% | 16.8% | 27.5% | 19.8% | 16.2% | 5.6% | -0.5% | 2.5% | 8.8% |
| SBC / revenue | 0.7% | 3.0% | 0.7% | 0.6% | 0.9% | 0.6% | 0.7% | 0.6% | 3.1% | 3.2% |
| Current ratio | 0.76x | 0.70x | 0.99x | 1.08x | 0.44x | 0.69x | 1.30x | 0.84x | 0.94x | 2.27x |
| Revenue YoY growth | 63.9% | -23.7% | -7.9% | 144.6% | 0.2% | -30.7% | -3.1% | 47.5% | 122.8% | Unavailable |
| Net margin | 23.6% | 4.4% | 25.1% | 23.6% | -37.3% | -31.3% | -27.7% | -49.2% | 48.8% | -32.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 26.5% | 42.7% | 29.2% | 18.7% | 34.4% | 34.1% | 36.3% | 65.8% | 50.4% | 68.0% |
| Long-term debt / equity | 0.27x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 21.9% | 8.4% | 17.5% | 23.7% | Unavailable | Unavailable | Unavailable | Unavailable | -598.4% | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open EQT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-22View SEC filing
10-Q · Filed 2026-04-22View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-10-22View SEC filing
10-Q · Filed 2025-07-23View SEC filing
10-Q · Filed 2025-04-23View SEC filing
Reconciliation checks needing review
3 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 75000000, beyond tolerance 42020700.00.
cash flow reconciliationreview2016-12-31
Operating, investing and financing flows differ from the reported change in cash by 75000000, beyond tolerance 28864810.00.