EQT Corporation (EQT) financials
EQT revenue and earnings by year
EQT's revenue was $8.64 billion in the fiscal year to December 31, 2025, up 63.9% from the year before. Net income was $2.04 billion, 23.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 22.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.64 | 5.27 | 6.91 | 7.50 | 3.06 | 3.06 | 4.42 | 4.56 | 3.09 | 1.39 |
| Revenue growth | 63.9% | -23.7% | -7.9% | 144.6% | 0.2% | -30.7% | -3.1% | 47.5% | 122.8% | — |
| Gross profit | 6.50 | 2.87 | 4.50 | 5.08 | 0.90 | 1.19 | 2.51 | 2.67 | 1.74 | 0.33 |
| Gross margin | 75.2% | 54.4% | 65.1% | 67.8% | 29.3% | 39.0% | 56.8% | 58.5% | 56.5% | 24.0% |
| Operating income | 3.25 | 0.69 | 2.31 | 2.72 | -1.36 | -0.88 | -1.15 | -2.78 | 0.38 | -0.76 |
| Operating margin | 37.6% | 13.0% | 33.5% | 36.3% | -44.4% | -28.7% | -26.1% | -61.1% | 12.4% | -55.0% |
| Net income | 2.04 | 0.23 | 1.74 | 1.77 | -1.14 | -0.96 | -1.22 | -2.24 | 1.51 | -0.45 |
| Net margin | 23.6% | 4.4% | 25.1% | 23.6% | -37.3% | -31.3% | -27.7% | -49.2% | 48.8% | -32.7% |
| Diluted EPS | $3.31 | $0.45 | $4.22 | $4.38 | -$3.54 | -$3.68 | -$4.79 | — | $3.89 | -$1.45 |
| Free cash flow | 2.84 | 0.57 | 1.16 | 2.07 | 0.61 | 0.50 | 0.25 | -0.76 | -0.30 | -1.53 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open EQT in Markets.
How EQT makes money
Revenue by segment in the quarter to March 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Upstream | $3.21B | 95.2% |
| Transmission | $161M | 4.8% |
See also: EQT valuation and P/E history · EQT returns
No forecast, no recommendation. This page describes EQT Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.