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Stocks · Energy · Crude Petroleum & Natural Gas

EQT Corporation

EQT Clue Score49
United States Fiscal year ends December CIK 0000033213
$52.83 -0.21% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $52.83 +165.48% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.39Operating income−0.76Net income−0.45EPS, diluted−2.71Fiscal year 2017Revenue3.09 +122.8%Operating income0.38Net income1.51EPS, diluted8.04Fiscal year 2018Revenue4.71 +52.4%Operating income−2.78Net income−2.24 −248.8%EPS, diluted−8.60 −207.0%Fiscal year 2019Revenue3.79 −19.5%Operating income−1.15Net income−1.22EPS, diluted−4.79Fiscal year 2020Revenue2.65 −30.1%Operating income−0.88Net income−0.96EPS, diluted−3.68Fiscal year 2021Revenue6.80 +156.7%Operating income−1.36Net income−1.14EPS, diluted−3.54Fiscal year 2022Revenue12.11 +78.0%Operating income2.72Net income1.77EPS, diluted4.38Fiscal year 2023Revenue5.04 −58.4%Operating income2.31Net income1.74 −2.0%EPS, diluted4.22 −3.7%Fiscal year 2024Revenue5.27 +4.5%Operating income0.69Net income0.23 −86.7%EPS, diluted0.45 −89.3%Fiscal year 2025Revenue8.64 +63.9%Operating income3.25Net income2.04 +784.4%EPS, diluted3.31 +635.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.39 3.09 4.71 3.79 2.65 6.80 12.11 5.04 5.27 8.64
Growth +122.8% +52.4% −19.5% −30.1% +156.7% +78.0% −58.4% +4.5% +63.9%
Operating income −0.76 0.38 −2.78 −1.15 −0.88 −1.36 2.72 2.31 0.69 3.25
Net income −0.45 1.51 −2.24 −1.22 −0.96 −1.14 1.77 1.74 0.23 2.04
Growth −248.8% −2.0% −86.7% +784.4%
EPS, diluted −2.71 8.04 −8.60 −4.79 −3.68 −3.54 4.38 4.22 0.45 3.31
Growth −207.0% −3.7% −89.3% +635.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−54.4%Net margin−32.7%Free cash flow margin8.8%Fiscal year 2017Operating margin12.4%Net margin48.8%Free cash flow margin2.5%Fiscal year 2018Operating margin−59.1%Net margin−47.7%Free cash flow margin−0.5%Fiscal year 2019Operating margin−30.4%Net margin−32.2%Free cash flow margin6.6%Fiscal year 2020Operating margin−33.1%Net margin−36.2%Free cash flow margin18.7%Fiscal year 2021Operating margin−20.0%Net margin−16.8%Free cash flow margin8.9%Fiscal year 2022Operating margin22.4%Net margin14.6%Free cash flow margin17.0%Fiscal year 2023Operating margin45.9%Net margin34.4%Free cash flow margin23.0%Fiscal year 2024Operating margin13.0%Net margin4.4%Free cash flow margin10.9%Fiscal year 2025Operating margin37.6%Net margin23.6%Free cash flow margin32.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −54.4% 12.4% −59.1% −30.4% −33.1% −20.0% 22.4% 45.9% 13.0% 37.6%
Net margin −32.7% 48.8% −47.7% −32.2% −36.2% −16.8% 14.6% 34.4% 4.4% 23.6%
Free cash flow margin 8.8% 2.5% −0.5% 6.6% 18.7% 8.9% 17.0% 23.0% 10.9% 32.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.06Capital expenditure−0.94Free cash flow0.12Buybacks−0.00Dividends paid−0.02Fiscal year 2017Operating cash flow1.64Capital expenditure−1.56Free cash flow0.08 −35.3%Buybacks−0.00Dividends paid−0.02Fiscal year 2018Operating cash flow2.98Capital expenditure−3.00Free cash flow−0.02 −129.0%Buybacks−0.00Dividends paid−0.03Fiscal year 2019Operating cash flow1.85Capital expenditure−1.60Free cash flow0.25Buybacks0.00Dividends paid−0.03Fiscal year 2020Operating cash flow1.54Capital expenditure−1.04Free cash flow0.50 +98.8%Buybacks0.00Dividends paid−0.01Fiscal year 2021Operating cash flow1.66Capital expenditure−1.06Free cash flow0.61 +22.6%Buybacks−0.01Dividends paid0.00Fiscal year 2022Operating cash flow3.47Capital expenditure−1.40Free cash flow2.07 +240.0%Buybacks−0.41Dividends paid−0.20Fiscal year 2023Operating cash flow3.18Capital expenditure−2.02Free cash flow1.16 −43.8%Buybacks−0.20Dividends paid−0.23Fiscal year 2024Operating cash flow2.83Capital expenditure−2.25Free cash flow0.57 −50.6%Buybacks0.00Dividends paid−0.33Fiscal year 2025Operating cash flow5.13Capital expenditure−2.29Free cash flow2.84 +395.0%Buybacks0.00Dividends paid−0.39
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.06 1.64 2.98 1.85 1.54 1.66 3.47 3.18 2.83 5.13
Capital expenditure −0.94 −1.56 −3.00 −1.60 −1.04 −1.06 −1.40 −2.02 −2.25 −2.29
Free cash flow 0.12 0.08 −0.02 0.25 0.50 0.61 2.07 1.16 0.57 2.84
Growth −35.3% −129.0% +98.8% +22.6% +240.0% −43.8% −50.6% +395.0%
Buybacks −0.00 −0.00 −0.00 0.00 0.00 −0.01 −0.41 −0.20 0.00 0.00
Dividends paid −0.02 −0.02 −0.03 −0.03 −0.01 0.00 −0.20 −0.23 −0.33 −0.39

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.10Total debt3.29Net cash (debt)−2.19Shareholders’ equity5.86Debt to equity0.56Fiscal year 2017Cash0.03Total debt4.70Net cash (debt)−4.68Shareholders’ equity13.32Debt to equity0.35Fiscal year 2018Cash0.00Total debt4.70Net cash (debt)−4.69Shareholders’ equity10.96Debt to equity0.43Fiscal year 2019Cash0.00Total debt5.29Net cash (debt)−5.29Shareholders’ equity9.80Debt to equity0.54Fiscal year 2020Cash0.02Total debt4.93Net cash (debt)−4.91Shareholders’ equity9.26Debt to equity0.53Fiscal year 2021Cash0.11Total debt5.59Net cash (debt)−5.48Shareholders’ equity9.95Debt to equity0.56Fiscal year 2022Cash1.46Total debt5.68Net cash (debt)−4.22Shareholders’ equity11.17Debt to equity0.51Fiscal year 2023Cash0.08Total debt5.80Net cash (debt)−5.71Shareholders’ equity14.77Debt to equity0.39Fiscal year 2024Cash0.20Total debt9.32Net cash (debt)−9.12Shareholders’ equity20.60Debt to equity0.45Fiscal year 2025Cash0.11Total debt7.80Net cash (debt)−7.69Shareholders’ equity23.75Debt to equity0.33
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.10 0.03 0.00 0.00 0.02 0.11 1.46 0.08 0.20 0.11
Total debt 3.29 4.70 4.70 5.29 4.93 5.59 5.68 5.80 9.32 7.80
Net cash (debt) −2.19 −4.68 −4.69 −5.29 −4.91 −5.48 −4.22 −5.71 −9.12 −7.69
Shareholders’ equity 5.86 13.32 10.96 9.80 9.26 9.95 11.17 14.77 20.60 23.75
Debt to equity 0.56 0.35 0.43 0.54 0.53 0.56 0.51 0.39 0.45 0.33

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
1.10 0.03 0.00 0.00 0.02 0.11 1.46 0.08 0.20 0.11
0.34 0.66 1.24 0.61 0.57 1.44 1.61 0.82 1.13 1.46
13.16 19.73 17.39 16.16 16.05 18.42 18.17 22.95 31.75 33.56
0.00 0.47 0.00 n/a n/a n/a n/a 0.00 2.08 2.06
15.47 29.52 20.72 18.81 18.11 21.61 22.67 25.29 39.83 41.79
Growth +90.8% −29.8% −9.2% −3.7% +19.3% +4.9% +11.5% +57.5% +4.9%
Liabilities
0.00 0.01 0.70 0.02 0.15 1.06 0.42 0.29 0.32 0.51
3.29 4.69 3.99 5.28 4.77 4.53 5.26 5.50 9.00 7.29
calc 3.29 4.70 4.70 5.29 4.93 5.59 5.68 5.80 9.32 7.80
6.35 11.11 9.76 9.01 8.85 11.64 11.46 10.50 15.55 14.43
Equity
2.51 4.00 3.18 2.02 1.05 −0.09 1.28 2.68 2.59 4.24
5.86 13.32 10.96 9.80 9.26 9.95 11.17 14.77 20.60 23.75
Growth +127.3% −17.7% −10.5% −5.6% +7.6% +12.2% +32.2% +39.4% +15.3%
Per share and net cash
calc −2.19 −4.68 −4.69 −5.29 −4.91 −5.48 −4.22 −5.71 −9.12 −7.69
172.8 264.5 254.8 255.5 278.9 376.0 360.4 440.4 597.4 624.3
calc 33.91 50.36 43.01 38.38 33.19 26.47 31.00 33.54 34.48 38.05

Lines marked calc are worked out here from filed figures; point at one for how.