EQT Corporation (EQT) Financial Statements
EQT financial statements at a glance
EQT reported revenue of $8.35 billion for fiscal year 2025 (ended December 31, 2025), up 60.0% from fiscal year 2024. Net income was $2.04 billion, a net margin of 24.4%, and diluted earnings per share were $3.31.
At the end of fiscal year 2025 it had total assets of $41.79 billion, total liabilities of $14.43 billion and shareholders' equity of $23.75 billion, with cash and short-term investments of $110.80 million and total debt of $7.86 billion.
Its operations brought in $5.13 billion of cash; capital spending was $2.29 billion, leaving free cash flow of $2.84 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
EQT Corporation
Income Statement
Annual • USD
EQT key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $8.4B | $5.2B | $5.1B | $12.1B | $6.8B |
| Gross profit | $3.6B | – | – | – | $3.0B |
| Operating income | $3.0B | $617.0M | $2.3B | $2.6B | $2.8B |
| Net income | $2.0B | $230.6M | $1.7B | $1.8B | -$1.1B |
| Diluted EPS | $3.31 | – | – | – | -$3.58 |
| Total assets | $41.8B | $39.8B | $25.3B | $22.7B | $21.6B |
| Total liabilities | $14.4B | $19.2B | $10.5B | $11.5B | $11.6B |
| Shareholders' equity | $23.8B | $20.6B | $14.8B | $11.2B | $10.0B |
| Cash and short-term investments | $110.8M | – | – | – | $114.0M |
| Total debt | $7.9B | $9.4B | $5.8B | $5.7B | $5.6B |
| Operating cash flow | $5.1B | $2.8B | $3.2B | $3.5B | $1.7B |
| Capital spending | $2.3B | – | – | – | $1.1B |
| Free cash flow | $2.8B | – | – | – | $607.3M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was EQT's revenue in fiscal year 2025?
$8.35 billion, up 60.0% from $5.22 billion in fiscal year 2024.
How much profit does EQT make?
EQT reported net income of $2.04 billion for fiscal year 2025 (24.4% of revenue); operating income was $3.01 billion.
How much cash and debt does EQT have?
At the end of fiscal year 2025: cash and short-term investments of $110.80 million and total debt of $7.86 billion.
What is EQT's free cash flow?
$2.84 billion in fiscal year 2025 (operating cash flow of $5.13 billion minus capital spending of $2.29 billion).
