EQT

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EQT Corp.

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Key Metrics

Previous Close: $53.64
52-Week Range: $47.94 – $68.24
Market Cap: $33.71B
P/E (TTM): 12.45
EPS (TTM): 4.33
Dividend Yield: 1.23%

Advanced Metrics

Price/Book: 1.33
PEG Ratio: 1.53
Return on Equity: 11.08%
Return on Assets: 6.63%
Gross Margin: 80.75%
Operating Margin: 23.37%
Profit Margin: 29.18%
Current Ratio: 0.67
Debt/Equity: 0.20
Total Debt: $5.66B
Free Cash Flow: $2.46B
Revenue Growth: -3.90%
Earnings Growth: -74.00%
Enterprise Value: $42.86B

EQT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$12.14B	$5.07B	$5.22B	$8.35B
Cost of Revenue	$4.08B	$4.13B	$4.45B	$4.52B
Gross Profit	$8.06B	$941.58M	$767.22M	$3.83B
Selling, General & Admin	$252.65M	$236.17M	$336.72M	$380.07M
Operating Expenses	$301.83M	$282.98M	$490.30M	$817.63M
Operating Income	$7.76B	$658.60M	$276.92M	$3.01B
EBITDA	$4.25B	$4.06B	$2.88B	$6.02B
Pretax Income	$2.33B	$2.10B	$264.19M	$2.98B
Income Tax	$553.72M	$368.95M	$22.08M	$651.88M
Net Income	$1.77B	$1.74B	$230.58M	$2.04B
Diluted EPS	4.38	4.22	0.45	3.31
Diluted Shares	406.50M	413.22M	514.59M	615.72M

EQT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.46B	$80.98M	$202.09M	$110.80M
Receivables	$1.61B	$915.11M	$1.23B	$1.49B
Current Assets	$4.01B	$2.01B	$1.71B	$1.90B
Total Assets	$22.67B	$25.29B	$39.83B	$41.79B
Current Liabilities	$3.73B	$2.04B	$2.46B	$2.48B
Long-Term Debt	$5.26B	$5.50B	$9.00B	$7.29B
Total Debt	$5.71B	$5.84B	$9.37B	$7.86B
Total Liabilities	$11.46B	$10.50B	$15.55B	$14.43B
Retained Earnings	$1.28B	$2.68B	$2.59B	$4.24B
Shareholders' Equity	$11.17B	$14.77B	$20.60B	$23.75B
Working Capital	$282.22M	-$23.86M	-$746.87M	-$589.69M
Net Debt	$4.22B	$5.71B	$9.12B	$7.69B

EQT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$3.47B	$3.18B	$2.83B	$5.13B
Capital Expenditure	-$1.40B	-$2.02B	-$2.25B	-$2.29B
Free Cash Flow	$2.07B	$1.16B	$573.26M	$2.84B
Depreciation & Amortisation	$1.67B	$1.75B	$2.16B	—
Stock-Based Compensation	$45.20M	$49.83M	$158.34M	$60.78M
Investing Cash Flow	-$1.42B	-$4.31B	-$1.58B	-$2.84B
Financing Cash Flow	-$699.13M	-$242.86M	-$1.13B	-$2.37B
Dividends Paid	-$203.63M	-$228.34M	-$326.58M	-$389.63M
Share Repurchases	-$409.49M	-$201.03M	$0.00	$0.00
Net Change in Cash	$1.34B	-$1.38B	$121.12M	-$91.30M

EQT Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.84B	$1.82B	$2.27B	$3.62B	$1.77B
Cost of Revenue	$1.10B	$1.16B	$1.17B	$1.17B	$1.17B
Gross Profit	$733.65M	$658.97M	$1.11B	$2.45B	$590.38M
Selling, General & Admin	$81.59M	$98.72M	$108.30M	$95.75M	$106.44M
Operating Expenses	$313.33M	$193.69M	$157.33M	$168.67M	$231.17M
Operating Income	$420.32M	$465.28M	$950.75M	$2.28B	$359.21M
EBITDA	$1.82B	$1.33B	—	$2.74B	$1.13B
Pretax Income	$1.09B	$536.48M	$954.70M	$1.99B	$366.38M
Income Tax	$235.62M	$129.27M	$208.34M	$433.35M	$84.93M
Net Income	$784.15M	$335.86M	$677.10M	$1.49B	$211.43M
Diluted EPS	1.30	0.53	1.08	2.36	0.34
Diluted Shares	602.92M	628.32M	628.74M	629.21M	629.05M

EQT Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$555.49M	$235.74M	$110.80M	$326.57M	$112.86M
Receivables	$817.40M	$803.91M	$1.49B	$953.31M	$835.14M
Current Assets	$1.63B	$1.27B	$1.90B	$1.56B	$1.18B
Total Assets	$39.67B	$41.20B	$41.79B	$41.69B	$41.32B
Current Liabilities	$2.31B	$2.19B	$2.48B	$2.37B	$1.75B
Long-Term Debt	$7.92B	$7.71B	$7.29B	$5.48B	$5.54B
Total Debt	$8.32B	$8.22B	$7.86B	$5.99B	$5.66B
Total Liabilities	$14.57B	$14.40B	$14.43B	$12.91B	$12.46B
Retained Earnings	$3.43B	$3.66B	$4.24B	$5.62B	$5.73B
Shareholders' Equity	$21.42B	$23.15B	$23.75B	$25.12B	$25.26B
Working Capital	-$675.07M	-$924.45M	-$589.69M	-$809.05M	-$572.45M
Net Debt	$7.76B	$7.98B	$7.69B	$5.67B	$5.54B

EQT Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$1.24B	$1.02B	$1.13B	$3.06B	$1.05B
Capital Expenditure	-$549.64M	-$626.40M	-$612.73M	-$598.50M	-$650.17M
Free Cash Flow	$692.06M	$391.30M	$512.65M	$2.46B	$397.84M
Depreciation & Amortisation	$623.47M	—	—	—	—
Stock-Based Compensation	$13.77M	$15.29M	$16.96M	$18.60M	$23.78M
Investing Cash Flow	-$663.99M	-$1.03B	-$621.01M	-$842.44M	-$681.10M
Financing Cash Flow	-$303.98M	-$311.59M	-$629.32M	-$2.00B	-$580.62M
Dividends Paid	-$94.28M	-$98.29M	-$102.97M	-$103.07M	-$103.21M
Net Change in Cash	$273.73M	-$319.76M	-$124.94M	$215.77M	-$213.71M

Market Snapshot

About

EQT Corp. is a natural gas production company focused on the development and production of natural gas, natural gas liquids, and crude oil, primarily in the Appalachian Basin. The company is the largest natural gas producer in the United States, with operations concentrated in Pennsylvania, West Virginia, and Ohio within the Marcellus and Utica shale formations. EQT operates an integrated midstream infrastructure to gather, compress, and transport natural gas from its production areas. The company focuses on efficient, low-cost natural gas production with an emphasis on environmental stewardship and operational excellence. Headquartered in Pittsburgh, Pennsylvania, EQT was founded in 1878 and spun off its midstream business in 2018 to focus exclusively on upstream natural gas production.