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MARKETS / NYSE / EQT
NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

EQT Corp. EQT

19 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$8.6B
▲ 63.9% YoY
$2.0B
▲ 784.4% YoY
$2.8B
▲ 395.0% YoY
In brief

What this company does

EQT Corporation is a vertically integrated natural gas company with upstream, gathering and transmission operations focused in the Appalachian Basin. As of December 31, 2025, it had 28.0 Tcfe of proved natural gas, NGLs and oil reserves across approximately 2.3 million gross acres and approximately 2,945 miles of pipeline infrastructure. EQT employed 1,523 full-time equivalent employees as of December 31, 2025, none of whom were subject to a collective bargaining agreement. It has three reportable segments consisting of Upstream, Gathering and Transmission. The Gathering segment has gathering agreements with the Upstream segment and with third parties. For the year ended December 31, 2025, the Upstream segment accounted for approximately 73% of the Gathering segment's throughput and approximately 76% of the Gathering segment's operating revenues. The Transmission segment has transmission and storage agreements with the Upstream segment and with third parties, including local distribution companies, other producers, marketers and commercial and industrial users. EQT is a Pennsylvania corporation formed in 2008 in connection with a holding company reorganization of the former Equitable Resources, Inc.

Written from the business description in EQT Corp's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 8.6B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 8.6 · Net income 2.0
4.0B8.0B-0.8B-1.6B2007201020132016201920222025
Compound annual growth
+4.9%
+26.7%
+14.0%
+13.0%
+4.8%
+37.4%
−8.9%
+19.4%
+5.1%
+5.0%
+84.3%
+18.2%
−2.1%
−14.0%
+119.4%
+33.5%
+7.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 37.6% · Net 26.9%
20%40%60%-20%-40%2007201020132016201920222025
ROE
FY2025 · ROE 9.2%
5%10%15%-5%-10%-15%2007201020132016201920222025

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 389.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.8
1.0B2.0B-0.5B-1.0B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.4 · Net buybacks 0.0
0.25B0.50B-0.50B-1.00BDividendsNet buybacks2007201020132016201920222025

USD 389.6M in dividends — 19% of the year's profit went back to shareholders.

Total assetsUSD 41.8B
EquityUSD 23.8B
CashUSD 110.8M
Gross debtUSD 7.8B
Net debtUSD 7.7B
Current ratio0.76×

Net debt stands at 32% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B8.65.36.97.56.82.73.84.73.11.42.32.51.91.41.31.41.31.61.4
Operating income $B3.20.72.32.7−1.4−0.9−1.2−2.80.4−0.80.60.90.70.40.80.50.40.50.4
EBITDA $B5.92.84.04.40.30.50.4−1.21.40.11.41.51.30.91.10.70.60.60.5
Income tax $B0.70.00.40.6−0.4−0.3−0.4−0.7−1.2−0.40.10.20.20.10.20.10.10.20.1
Net income $B2.00.21.71.8−1.1−1.0−1.2−2.21.5−0.50.10.40.40.20.50.20.20.30.3
Free cash flow $B2.80.61.22.10.60.50.2−0.00.10.1−1.2−0.91.00.8−0.4−0.5−0.2−0.8−0.3
EPS, diluted $3.310.454.224.38−3.54−3.68−4.79−8.608.04−2.710.562.542.571.223.191.571.192.002.10
Dividend / sh $0.640.630.610.55·0.030.120.120.120.120.120.120.120.880.880.880.880.880.88
Payout %191421311−0−1−3−11−42155······
ROE %9.21.313.416.8−11.9−10.1−11.8−18.515.7−8.31.89.010.2······

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNYSE
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2007

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