financial statements

The full income statement, balance sheet, and cash-flow statement for EQT Corporation (EQT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	8.64B YoY+63.9%	5.27B YoY+4.5%	5.04B YoY-58.4%	12.1B YoY+78.0%	6.80B YoY+156.7%
Cost of revenue	1.53B YoY-20.0%	1.92B YoY-11.2%	2.16B YoY+1.9%	2.12B YoY+9.0%	1.94B YoY+13.5%
Selling, general & administrative	380M YoY+12.9%	337M YoY+42.6%	236M YoY-6.5%	253M YoY+28.7%	196M YoY+12.3%
Amortization of intangibles	13.3M YoY+125.4%	5.90M	—	0.00	0.00 YoY-100.0%
Operating income	3.25B YoY+374.2%	685M YoY-70.4%	2.31B YoY-14.8%	2.72B YoY+299.7%	-1.36B YoY-55.1%
Interest expense	439M YoY-3.5%	455M YoY+107.1%	220M YoY-12.0%	250M YoY-13.8%	290M YoY+11.8%
Other non-operating income	4.83M YoY-81.4%	26.0M YoY+2010.7%	1.23M YoY-89.1%	11.3M YoY-41.0%	19.1M YoY-46.2%
Pre-tax income	2.98B YoY+1027.0%	264M YoY-87.4%	2.10B YoY-9.9%	2.33B YoY+248.7%	-1.57B YoY-25.2%
Income tax	652M YoY+2852.5%	22.1M YoY-94.0%	369M YoY-33.4%	554M YoY+229.4%	-428M YoY-45.0%
	2.04B YoY+784.4%	231M YoY-86.7%	1.74B YoY-2.0%	1.77B YoY+255.0%	-1.14B YoY-19.2%
Net income to non-controlling interest	286M YoY+2382.3%	11.5M YoY+1777.0%	-688K YoY-106.9%	9.98M YoY+700.7%	1.25M YoY+12560.0%
Net income to common	2.04B YoY+784.4%	231M YoY-86.7%	1.74B YoY-2.0%	1.77B YoY+255.0%	-1.14B
	$3.31 YoY+635.6%	$0.45 YoY-89.3%	$4.22 YoY-3.7%	$4.38 YoY+223.7%	-$3.54 YoY+3.8%
EPS (basic)	$3.33 YoY+640.0%	$0.45 YoY-90.1%	$4.56 YoY-4.8%	$4.79 YoY+235.3%	-$3.54 YoY+3.8%
Weighted-avg shares (basic)	612M YoY+20.0%	510M YoY+33.8%	381M YoY+2.9%	370M YoY+14.5%	323M YoY+24.0%
Weighted-avg shares (diluted)	616M YoY+19.7%	515M YoY+24.5%	413M YoY+1.7%	406M YoY+25.8%	323M YoY+24.0%
Dividends per share	$0.64 YoY+1.2%	$0.63 YoY+3.3%	$0.61 YoY+10.9%	$0.55	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.90B YoY+10.5%	1.71B YoY-14.8%	2.01B YoY-49.9%	4.01B YoY+75.6%	2.29B YoY+88.1%
Cash & equivalents	111M YoY-45.2%	202M YoY+149.6%	81.0M YoY-94.4%	1.46B YoY+1179.9%	114M YoY+525.8%
Accounts receivable	1.46B YoY+28.7%	1.13B YoY+37.5%	824M YoY-48.8%	1.61B YoY+11.8%	1.44B YoY+153.8%
Prepaid expenses	59.4M YoY+14.2%	52.0M YoY+106.2%	25.2M YoY-27.3%	34.7M YoY-20.5%	43.7M YoY+107.3%
Other current assets	57.3M YoY+0.0%	57.3M YoY+0.0%	57.3M YoY+0.0%	57.3M YoY+0.0%	57.3M YoY+0.0%
	41.8B YoY+4.9%	39.8B YoY+57.5%	25.3B YoY+11.5%	22.7B YoY+4.9%	21.6B YoY+19.3%
Property, plant & equipment	33.6B YoY+5.7%	31.7B YoY+38.3%	23.0B YoY+26.3%	18.2B YoY-1.4%	18.4B YoY+14.7%
Operating lease right-of-use	74.1M YoY+22.5%	60.5M YoY+42.9%	42.3M YoY+45.0%	29.2M YoY+11.9%	26.1M YoY+20.8%
Goodwill	2.06B YoY-0.8%	2.08B	0.00	0.00	0.00
Intangible assets	200M YoY-6.9%	215M YoY+852.7%	22.6M	0.00	0.00
Other non-current assets	446M YoY-2.0%	456M YoY+120.4%	207M YoY-57.7%	488M YoY-0.7%	492M YoY+13.4%
	2.48B YoY+0.9%	2.46B YoY+20.9%	2.04B YoY-45.4%	3.73B YoY-28.0%	5.19B YoY+194.3%
Accounts payable	1.37B YoY+16.1%	1.18B YoY-7.5%	1.27B YoY-19.2%	1.57B YoY+17.6%	1.34B YoY+89.8%
Deferred revenue	6.24M YoY-74.2%	24.2M YoY+736.9%	2.89M	—	—
Short-term & current debt	507M YoY+58.1%	321M YoY+9.7%	292M YoY-30.8%	423M YoY-60.2%	1.06B YoY+588.2%
Current lease liability	51.0M YoY+40.7%	36.3M YoY-17.4%	43.9M YoY+23.8%	35.4M YoY+26.7%	28.0M YoY+11.9%
Other current liabilities	335M YoY-4.0%	349M YoY+70.4%	205M YoY-40.0%	341M YoY-8.3%	372M YoY+23.4%
	14.4B YoY-7.2%	15.6B YoY+48.1%	10.5B YoY-8.3%	11.5B YoY-1.5%	11.6B YoY+30.2%
Long-term debt	7.29B YoY-19.0%	9.00B YoY+63.6%	5.50B YoY+4.7%	5.26B YoY+16.0%	4.53B YoY-7.5%
Non-current lease liability	27.4M YoY-6.9%	29.4M YoY+248.1%	8.44M	—	—
Deferred tax liabilities	3.47B YoY+21.8%	2.85B YoY+49.7%	1.90B YoY+32.1%	1.44B YoY+59.0%	907M YoY-32.0%
Other non-current liabilities	1.24B YoY+0.6%	1.24B YoY+16.6%	1.06B YoY+3.3%	1.03B YoY+1.3%	1.01B YoY+7.2%
	23.8B YoY+15.3%	20.6B YoY+39.4%	14.8B YoY+32.2%	11.2B YoY+12.2%	9.95B YoY+8.6%
Common stock	3.44B YoY+0.0%	3.44B YoY+0.0%	3.44B YoY+0.0%	3.44B YoY+0.0%	3.44B YoY+0.0%
Retained earnings	4.24B YoY+63.9%	2.59B YoY-3.6%	2.68B YoY+108.9%	1.28B YoY+1459.7%	-94.4M YoY-108.9%
Treasury stock	0.00	0.00	0.00	0.00 YoY-100.0%	18.0M YoY-38.5%
Accumulated other comprehensive income	-2.17M YoY+6.4%	-2.32M YoY+13.5%	-2.68M YoY+10.4%	-2.99M YoY+35.1%	-4.61M YoY+13.9%
Non-controlling interest	3.61B YoY-2.0%	3.68B YoY+48219.7%	7.62M YoY-81.4%	40.9M YoY+151.6%	16.2M YoY+116.8%
Total equity incl. non-controlling	27.4B YoY+12.7%	24.3B YoY+64.3%	14.8B YoY+31.8%	11.2B YoY+12.5%	9.97B YoY+8.7%
Total liabilities & equity	41.8B YoY+4.9%	39.8B YoY+57.5%	25.3B YoY+11.5%	22.7B YoY+4.9%	21.6B YoY+19.3%
Common shares issued	624M YoY+4.6%	597M YoY+42.1%	420M YoY+14.9%	365M YoY-3.2%	377M YoY+34.8%
Shares outstanding (cover)	624M YoY+4.6%	597M YoY+45.1%	411M YoY+12.1%	367M YoY-2.9%	378M YoY+47.9%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.13B YoY+81.3%	2.83B YoY-11.1%	3.18B YoY-8.3%	3.47B YoY+108.5%	1.66B YoY+8.1%
Depreciation & amortization	2.60B YoY+20.3%	2.16B YoY+24.8%	1.73B YoY+4.0%	1.67B YoY-0.6%	1.68B YoY+20.3%
Share-based compensation	60.8M YoY-61.6%	158M YoY+217.7%	49.8M YoY+10.2%	45.2M YoY+60.5%	28.2M YoY+44.1%
Deferred income taxes	658M YoY+4365.4%	14.7M YoY-96.2%	385M YoY-28.0%	535M YoY+225.1%	-427M YoY-180.7%
Change in receivables	353M YoY+60.3%	220M YoY+125.4%	-868M YoY-613.5%	169M YoY-75.9%	700M YoY+1828.6%
Change in payables	207M YoY+1154.1%	16.5M YoY+104.1%	-406M YoY-323.8%	181M YoY-60.3%	457M YoY+1665.4%
Other operating activities	-202M YoY-2833.9%	7.38M YoY+104.3%	-172M YoY-549.9%	38.2M YoY+178.5%	-48.6M YoY+1.7%
	-2.84B YoY-80.1%	-1.58B YoY+63.4%	-4.31B YoY-203.4%	-1.42B YoY+31.4%	-2.07B YoY-33.2%
Capital expenditure	2.29B YoY+1.5%	2.25B YoY+11.6%	2.02B YoY+44.2%	1.40B YoY+32.7%	1.06B YoY+1.2%
Acquisitions	484M YoY-44.7%	874M YoY-61.5%	2.27B YoY+1006.4%	205M YoY-80.1%	1.03B YoY+48.9%
Other investing activities	245K YoY+206.3%	80.0K YoY-99.5%	14.8M YoY+19.8%	12.4M YoY-12.7%	14.2M YoY+47220.0%
	-2.37B YoY-110.7%	-1.13B YoY-363.6%	-243M YoY+65.3%	-699M YoY-238.2%	506M YoY+1495.7%
Long-term debt repaid	1.40B YoY-67.5%	4.31B YoY+324.7%	1.02B YoY+10.8%	917M YoY+494.2%	154M YoY-94.5%
Common stock issued	—	—	—	0.00	0.00 YoY-100.0%
Common stock repurchased	0.00	0.00 YoY-100.0%	201M YoY-50.9%	409M YoY+3068.9%	12.9M
Dividends paid	390M YoY+19.3%	327M YoY+43.0%	228M YoY+12.1%	204M	0.00 YoY-100.0%
Other financing activities	-6.35M YoY-813.9%	889K YoY-44.5%	1.60M YoY-88.7%	14.2M YoY+390.9%	-4.88M YoY-719.3%
Net change in cash	-91.3M YoY-175.4%	121M YoY+108.8%	-1.38B YoY-202.5%	1.34B YoY+1304.3%	95.8M
Interest paid	455M YoY+13.3%	402M YoY+88.5%	213M YoY-10.0%	237M YoY-15.6%	281M YoY+43.4%
Income taxes paid	-79.0M YoY-1092.7%	7.96M YoY-40.4%	13.3M YoY-35.7%	20.8M YoY+8.4%	19.2M YoY+104.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	33.4B YoY+21.6%	27.5B YoY+73.0%	15.9B YoY+28.1%	12.4B YoY+50.6%	8.24B YoY+153.7%
P/E	16.4× YoY-86.3%	119.3× YoY+2413.5%	4.7× YoY-29.3%	6.7×	—
P/S	3.9× YoY-25.8%	5.2× YoY+133.2%	2.2× YoY+120.9%	1.0× YoY-16.4%	1.2× YoY-1.2%
P/B	1.4× YoY+5.4%	1.3× YoY+35.7%	1.0× YoY-24.3%	1.3× YoY+57.1%	0.8× YoY+133.7%
P/FCF	11.8× YoY-75.4%	48.0× YoY+510.8%	7.9× YoY+36.7%	5.7× YoY-57.6%	13.6× YoY+107.0%
Earnings yield	6.1% YoY+627.4%	0.8% YoY-96.0%	21.1% YoY+41.5%	14.9%	—
FCF yield	8.5% YoY+307.1%	2.1% YoY-83.6%	12.7% YoY-26.8%	17.4% YoY+136.1%	7.4% YoY-51.7%
Dividend yield	1.2% YoY-12.9%	1.4% YoY-13.4%	1.6% YoY-2.9%	1.6%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: EQT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EQT filings on SEC EDGAR → Not investment advice.

EQT▼ financial statements

About this data

financial statements