Loading…
EQT Corporation engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. The company sells natural gas, natural gas liquids, and oil to marketers, utilities, and industrial customers located in the Appalachian Basin. It also provides marketing services and contractual pipeline capacity management services, as well as engages in risk management and hedging activities. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.4B | $6.0B | $2.0B | $2.8B | 8.6% | 60.0% | 784.4% |
| 2024 | $5.2B | $2.9B | $231M | $573M | 1.1% | 3.0% | -86.7% |
| 2023 | $5.1B | $4.1B | $1.7B | $1.2B | 11.7% | -58.2% | -2.0% |
| 2022 | $12.1B | $4.3B | $1.8B | $2.1B | 15.9% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 12,140.62 | 5,069.98 | 5,222.19 | 8,353.22 |
| Cost Of Revenue | - | 4,081.33 | 4,128.40 | 4,454.97 | 4,746.31 |
| Gross Profit | - | 8,059.30 | 941.58 | 767.22 | 3,606.91 |
| Operating Expense | - | 299.23 | 282.98 | 490.30 | 592.50 |
| Operating Income | - | 7,757.47 | 658.60 | 276.92 | 3,014.41 |
| EBITDA | - | 4,250.28 | 4,055.30 | 2,881.37 | 6,016.63 |
| EBIT | - | 2,584.32 | 2,323.16 | 719.02 | 3,416.24 |
| Pretax Income | - | 2,334.66 | 2,103.50 | 264.19 | 2,977.54 |
| Tax Provision | - | 553.72 | 368.95 | 22.08 | 651.88 |
| Net Income | - | 1,770.96 | 1,735.23 | 230.58 | 2,039.25 |
| Net Income Common Stockholders | - | 1,770.96 | 1,735.23 | 230.58 | 2,039.25 |
| Total Expenses | - | 4,383.15 | 4,411.38 | 4,945.27 | 5,338.81 |
| Interest Expense | - | 249.66 | 219.66 | 454.82 | 438.70 |
| Selling General And Administration | - | 252.64 | 236.17 | 336.72 | 380.07 |
| Normalized EBITDA | - | 9,434.71 | 2,391.97 | 2,465.26 | 5,619.62 |
| Normalized Income | - | 5,726.69 | 362.99 | -150.58 | 1,729.19 |
| Market Cap | 36,846.91 | 36,846.91 | 36,846.91 | 36,846.91 | 36,846.91 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| EQT Corporationthis co. | EQT | $36.1B | 18.07↓ discount | 1.55 | 8.6% | 7.41 |
| Diamondback Energy, Inc. | FANG | $56.6B | 32.93 | 1.48 | 4.5% | 9.69 |
| ONEOK, Inc. | OKE | $54.7B | 16.25 | 2.45 | 15.1% | 11.28 |
| Targa Resources Corp. | TRGP | $53.7B | 26.90 | 16.86 | 62.7% | 14.23 |
| Halliburton Company | HAL | $34.5B | 26.27 |
| - |
| - |
| - |
| - |
| 3.22 |
| 12.3% |
| 12.16 |
| Texas Pacific Land Corporation | TPL | $30.3B | 62.86 | 20.74 | 33.0% | 44.73 |
| Devon Energy Corporation | DVN | $30.3B | 11.28 | 1.92 | 17.0% | 4.89 |
| Coterra Energy Inc. | CTRA | $25.6B | 14.83 | 1.72 | 11.6% | 6.05 |
| Expand Energy Corporation | EXE | $22.9B | 12.75 | 1.25 | 9.8% | 5.03 |
| Peer Median | - | 21.26 | 2.19 | 13.7% | 10.49 | |