EQT
EQT CorporationStock · EnergyS&P 500 Equal Weight 0.2% · S&P 500 0.05% · Russell 1000 0.05% · US Stock Market 0.05% · Russell 3000 0.04% · MSCI ACWI 0.04% · MSCI World 0.04%$54.07-1.62%
as of market close, Sep 11, 2026
☾ AH — —
EQT financial statements
The full income statement, balance sheet, and cash-flow statement for EQT Corporation (EQT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 441.6M2024-09 596.7M2024-12 597.4M2025-03 598.6M2025-06 624.1M2025-09 624.1M2025-12 624.3M2026-03 625.5M2026-06 625.5M+41.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.64B+63.9% | 5.27B-23.7% | 6.91B-43.0% | 12.1B+78.0% | 6.80B+156.7% | |
| Cost of revenue | 1.53B-20.0% | 1.92B-11.2% | 2.16B+1.9% | 2.12B+9.0% | 1.94B+13.5% | |
| Selling, general & administrative | 380M+12.9% | 337M+42.6% | 236M-6.5% | 253M+28.7% | 196M+12.3% | |
| Amortization of intangibles | 13.3M+125.4% | 5.90M | — | 0.00 | 0.00-100.0% | |
| Operating income | 3.25B+374.2% | 685M-70.4% | 2.31B-14.8% | 2.72B+299.7% | -1.36B-55.1% | |
| Interest expense | 439M-3.5% | 455M+107.1% | 220M-12.0% | 250M-13.8% | 290M+11.8% | |
| Other non-operating income | 4.83M-81.4% | 26.0M+2010.7% | 1.23M-89.1% | 11.3M-41.0% | 19.1M-46.2% | |
| Pre-tax income | 2.98B+1027.0% | 264M-87.4% | 2.10B-9.9% | 2.33B+248.7% | -1.57B-25.2% | |
| Income tax | 652M+2852.5% | 22.1M-94.0% | 369M-33.4% | 554M+229.4% | -428M-45.0% | |
| 2.04B+784.4% | 231M-86.7% | 1.74B-2.0% | 1.77B+255.0% | -1.14B-19.2% | ||
| Net income to non-controlling interest | 286M+2382.3% | 11.5M+1777.0% | -688K-106.9% | 9.98M+700.7% | 1.25M+12560.0% | |
| Net income to common | 2.04B+784.4% | 231M-86.7% | 1.74B-2.0% | 1.77B+255.0% | -1.14B | |
| $3.31+635.6% | $0.45-89.3% | $4.22-3.7% | $4.38+223.7% | -$3.54+3.8% | ||
| EPS (basic) | $3.33+640.0% | $0.45-90.1% | $4.56-4.8% | $4.79+235.3% | -$3.54+3.8% | |
| Weighted-avg shares (basic) | 612M+20.0% | 510M+33.8% | 381M+2.9% | 370M+14.5% | 323M+24.0% | |
| Weighted-avg shares (diluted) | 616M+19.7% | 515M+24.5% | 413M+1.7% | 406M+25.8% | 323M+24.0% | |
| Dividends per share | $0.64+1.2% | $0.63+3.3% | $0.61+10.9% | $0.55 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.90B+10.5% | 1.71B-14.8% | 2.01B-49.9% | 4.01B+75.6% | 2.29B+88.1% | ||
| Cash & equivalents | 111M-45.2% | 202M+149.6% | 81.0M-94.4% | 1.46B+1179.9% | 114M+525.8% | |
| Accounts receivable | 1.46B+28.7% | 1.13B+37.5% | 824M-48.8% | 1.61B+11.8% | 1.44B+153.8% | |
| Prepaid expenses | 59.4M+14.2% | 52.0M+106.2% | 25.2M-27.3% | 34.7M-20.5% | 43.7M+107.3% | |
| 41.8B+4.9% | 39.8B+57.5% | 25.3B+11.5% | 22.7B+4.9% | 21.6B+19.3% | ||
| Property, plant & equipment | 33.6B+5.7% | 31.7B+38.3% | 23.0B+26.3% | 18.2B-1.4% | 18.4B+14.7% | |
| Operating lease right-of-use | 74.1M+22.5% | 60.5M+42.9% | 42.3M+45.0% | 29.2M+11.9% | 26.1M+20.8% | |
| Goodwill | 2.06B-0.8% | 2.08B | 0.00 | — | — | |
| Intangible assets | 200M-6.9% | 215M+852.7% | 22.6M | — | — | |
| Other non-current assets | 446M-2.0% | 456M+120.4% | 207M-57.7% | 488M-0.7% | 492M+13.4% | |
| 2.48B+0.9% | 2.46B+20.9% | 2.04B-45.4% | 3.73B-28.0% | 5.19B+194.3% | ||
| Accounts payable | 1.37B+16.1% | 1.18B-7.5% | 1.27B-19.2% | 1.57B+17.6% | 1.34B+89.8% | |
| Deferred revenue | 6.24M-74.2% | 24.2M+736.9% | 2.89M | — | — | |
| Short-term & current debt | 507M+58.1% | 321M+9.7% | 292M-30.8% | 423M-60.2% | 1.06B+588.2% | |
| Current lease liability | 51.0M+40.7% | 36.3M-17.4% | 43.9M+23.8% | 35.4M+26.7% | 28.0M+11.9% | |
| Other current liabilities | 335M-4.0% | 349M+70.4% | 205M-40.0% | 341M-8.3% | 372M+23.4% | |
| Finance lease liability (current) | 7.08M+26.4% | 5.60M+125.1% | 2.49M | — | — | |
| 14.4B-7.2% | 15.6B+48.1% | 10.5B-8.3% | 11.5B-1.5% | 11.6B+31.5% | ||
| Long-term debt | 7.29B-19.0% | 9.00B+63.6% | 5.50B+4.7% | 5.26B+16.0% | 4.53B-5.1% | |
| Non-current lease liability | 27.4M-6.9% | 29.4M+248.1% | 8.44M | — | — | |
| Operating lease liability (total) | 78.4M+19.4% | 65.7M+12.1% | 58.6M+22.0% | 48.0M-8.9% | 52.7M+5.6% | |
| Finance lease liability (total) | 37.1M+6.3% | 34.9M | — | — | — | |
| Finance lease liability | 30.0M+2.4% | 29.3M+679.5% | 3.75M | — | — | |
| Deferred tax liabilities | 3.47B+21.8% | 2.85B+49.7% | 1.90B+32.1% | 1.44B+59.0% | 907M-33.9% | |
| Other non-current liabilities | — | 1.24B+16.6% | 1.06B+3.3% | 1.03B+1.3% | 1.01B+7.2% | |
| 23.8B+15.3% | 20.6B+39.4% | 14.8B+32.2% | 11.2B+12.2% | 9.95B+7.6% | ||
| Retained earnings | 4.24B+63.9% | 2.59B-3.6% | 2.68B+108.9% | 1.28B+1459.7% | -94.4M-109.0% | |
| Treasury stock | — | — | — | 0.00-100.0% | 18.0M-38.5% | |
| Accumulated other comprehensive income | -2.17M+6.4% | -2.32M+13.5% | -2.68M+10.4% | -2.99M+35.1% | -4.61M+13.9% | |
| Non-controlling interest | 3.61B-2.0% | 3.68B+48219.7% | 7.62M-81.4% | 40.9M+151.6% | 16.2M+116.8% | |
| Total equity incl. non-controlling | 27.4B+12.7% | 24.3B+64.3% | 14.8B+31.8% | 11.2B+12.5% | 9.97B+8.7% | |
| Total liabilities & equity | 41.8B+4.9% | 39.8B+57.5% | 25.3B+11.5% | 22.7B+4.9% | 21.6B+19.3% | |
| Common shares issued | 624M+4.6% | 597M+42.1% | 420M+14.9% | 365M-3.2% | 377M+34.8% | |
| Common shares outstanding | 624M+4.6% | 597M+42.1% | 420M+14.9% | 365M-2.9% | 376M+35.2% | |
| Shares outstanding (cover) | 624M+4.5% | 597M+35.7% | 440M+22.2% | 360M-4.2% | 376M+34.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.13B+81.3% | 2.83B-11.1% | 3.18B-8.3% | 3.47B+108.5% | 1.66B+8.1% | ||
| Depreciation & amortization | 2.60B+20.3% | 2.16B+24.8% | 1.73B+4.0% | 1.67B-0.6% | 1.68B+20.3% | |
| Intangible amortization | 13.3M+125.4% | 5.90M | — | 0.00 | 0.00-100.0% | |
| Share-based compensation | 60.8M-61.6% | 158M+217.7% | 49.8M+10.2% | 45.2M+60.5% | 28.2M+44.1% | |
| Deferred income taxes | 658M+4365.4% | 14.7M-96.2% | 385M-28.0% | 535M+225.1% | -427M-180.7% | |
| Change in receivables | 353M+60.3% | 220M+125.4% | -868M-613.5% | 169M-75.9% | 700M+1828.6% | |
| Change in payables | 207M+1154.1% | 16.5M+104.1% | -406M-323.8% | 181M-60.3% | 457M+1665.4% | |
| Other operating activities | -202M-2833.9% | 7.38M+104.3% | -172M-549.9% | 38.2M+178.5% | -48.6M+1.7% | |
| -2.84B-80.1% | -1.58B+63.4% | -4.31B-203.4% | -1.42B+31.4% | -2.07B-33.2% | ||
| Capital expenditure | 2.29B+1.5% | 2.25B+11.6% | 2.02B+44.2% | 1.40B+32.7% | 1.06B+1.2% | |
| Free cash flow | 2.84B+395.0% | 573M-50.6% | 1.16B-43.8% | 2.07B+240.0% | 607M+22.6% | |
| Acquisitions | 484M-44.7% | 874M-61.5% | 2.27B+1006.4% | 205M-80.1% | 1.03B+48.9% | |
| Other investing activities | 245K+206.3% | 80.0K-99.5% | 14.8M+19.8% | 12.4M-12.7% | 14.2M+47220.0% | |
| -2.37B-110.7% | -1.13B-363.6% | -243M+65.3% | -699M-238.2% | 506M+1495.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 1.00B+0.0% | 1.00B-61.5% | |
| Long-term debt repaid | 1.40B-67.5% | 4.31B+324.7% | 1.02B+10.8% | 917M+494.2% | 154M-94.5% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 201M-50.9% | 409M+3068.9% | 12.9M | |
| Dividends paid | 390M+19.3% | 327M+43.0% | 228M+12.1% | 204M | 0.00-100.0% | |
| Other financing activities | -6.35M-813.9% | 889K-44.5% | 1.60M-88.7% | 14.2M+390.9% | -4.88M-719.3% | |
| Net change in cash | -91.3M-175.4% | 121M+108.8% | -1.38B-202.5% | 1.34B+1304.3% | 95.8M | |
| Interest paid | 455M+13.3% | 402M+88.5% | 213M-10.0% | 237M-15.6% | 281M+43.4% | |
| Income taxes paid | -79.0M-1092.7% | 7.96M-40.4% | 13.3M-35.7% | 20.8M+8.4% | 19.2M+104.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 33.5B+21.5% | 27.5B+73.2% | 15.9B+28.1% | 12.4B+51.4% | 8.20B+131.4% | |
| P/E | 16.4×-86.3% | 119.5×+2112.7% | 5.4×-19.0% | 6.7× | — | |
| P/S | 3.9×-25.9% | 5.2×+298.0% | 1.3×+30.6% | 1.0×-16.6% | 1.2×-9.9% | |
| P/B | 1.4×+5.3% | 1.3×+19.4% | 1.1×-13.3% | 1.3×+56.7% | 0.8×+115.1% | |
| P/FCF | 11.8×-75.5% | 48.1×+437.7% | 8.9×+56.7% | 5.7×-57.8% | 13.5×+88.8% | |
| Earnings yield | 6.1%+628.1% | 0.84%-95.5% | 18.5%+23.4% | 15.0% | — | |
| FCF yield | 8.5%+307.5% | 2.1%-81.4% | 11.2%-36.2% | 17.5%+136.8% | 7.4%-47.0% | |
| Dividend yield | 1.2%-12.9% | 1.4%-13.4% | 1.6%-2.9% | 1.6% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: EQT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EQT filings on SEC EDGAR → Not investment advice.