EQT Corp (EQT)

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. In addition, it owns and operates propane storage and distribution terminals. 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 Canonsburg, Pennsylvania.

Symbol: EQT
Exchange: NYSE
Sector: Energy
Industry: Oil & Gas E&P
Market cap: $31.40B
52 week range: 47.94 - 68.24

Valuation

Share price: $50.17 (close of 2026-10-02)
P/E (TTM): 11.56x
Price to book: 1.09x
Price to free cash flow: 8.36x
Enterprise value: $36.95B
Book value per share: $46.11

Price performance

Period	Change
1 day	+0.16%
5 days	-1.26%
1 month	-10.01%
3 months	-4.64%
6 months	-15.96%
Year to date	-6.40%
1 year	-10.03%
3 years	+28.34%
5 years	+143.31%
10 years	+26.92%
All time	+7618.46%

Members of Congress who disclosed EQT trades

Thomas Kean · Ritchie Torres · Gilbert Ray Cisneros · Robert Bresnahan

Super investors holding EQT

Harry Burn (Sound Shore Management) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 7.45%
Return on invested capital: 7.40%
Return on assets: 4.88%
Return on capital employed: 8.27%
Gross margin: 82.28%
Net margin: 23.59%
EBITDA margin: 67.68%
Revenue growth: 63.92%
Net income growth: 784.41%
Free cash flow growth: 394.98%

Cash flow and balance sheet

Free cash flow yield (TTM): 11.97%
Current ratio: 0.67x
Net debt to EBITDA: 0.80x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $8.64B
Cost of revenue: $1.53B
Gross profit: $7.11B
EBITDA: $5.85B
Net income: $2.04B
Earnings per share: $3.33
Shares outstanding: 611.57M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$8.64B	$7.11B	$2.04B	$3.33
2024-12-31	$5.27B	$3.36B	$230.58M	$0.45
2023-12-31	$5.04B	$2.89B	$1.74B	$4.56
2022-12-31	$12.11B	$10.00B	$1.77B	$4.79
2021-12-31	$6.80B	$4.86B	-$1.14B	$-3.54
2020-12-31	$2.65B	$939.57M	-$958.80M	$-3.68
2019-12-31	$3.79B	$2.04B	-$1.22B	$-4.79
2018-12-31	$4.71B	$3.01B	-$2.24B	$-8.60
2017-12-31	$3.09B	$1.93B	$1.51B	$8.05
2016-12-31	$1.39B	$506.86M	-$452.98M	$-2.71

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	82.28%	23.59%	7.45%	7.40%
2024-12-31	63.67%	4.37%	0.95%	1.98%
2023-12-31	57.24%	34.40%	11.74%	9.47%
2022-12-31	82.52%	14.62%	15.79%	13.99%
2021-12-31	71.46%	-16.80%	-11.46%	-6.03%
2020-12-31	35.45%	-36.18%	-10.45%	-4.13%
2019-12-31	53.77%	-32.22%	-12.46%	-5.13%
2018-12-31	63.97%	-47.66%	-20.48%	-13.33%
2017-12-31	62.32%	48.80%	8.19%	1.66%
2016-12-31	36.54%	-32.66%	-4.97%	-3.47%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$110.80M	$7.29B
2024-12-31	$202.09M	$9.00B
2023-12-31	$80.98M	$5.50B
2022-12-31	$1.46B	$5.26B
2021-12-31	$113.96M	$4.53B
2020-12-31	$18.21M	$4.77B
2019-12-31	$4.60M	$5.28B
2018-12-31	$3.49M	$3.99B
2017-12-31	$26.31M	$4.69B
2016-12-31	$1.10B	$3.29B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$2.84B	$60.78M
2024-12-31	$573.26M	$158.34M
2023-12-31	$1.16B	$49.83M
2022-12-31	$2.07B	$45.20M
2021-12-31	$607.32M	$28.17M
2020-12-31	$495.47M	$19.55M
2019-12-31	$249.25M	$31.23M
2018-12-31	-$22.78M	$25.19M
2017-12-31	$78.65M	$94.59M
2016-12-31	$121.51M	$44.60M

Dividend history

Most recent payment: 2026-08-05
Paid in the last twelve months: $0.66

Payment date	Dividend per share
2026-08-05	$0.17
2026-05-06	$0.17
2026-02-17	$0.17
2025-11-05	$0.17
2025-08-06	$0.16
2025-05-07	$0.16
2025-02-18	$0.16
2024-11-06	$0.16

Investor relations

Next earnings report

Next confirmed report: 2026-10-20
Consensus EPS estimate: $0.43

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-21	Jun/2026	$0.41
2026-04-21	Mar/2026	$2.23
2026-02-17	Dec/2025	$0.73
2025-10-21	Sep/2025	$0.47
2025-07-22	Jun/2025	$0.44
2025-04-22	Mar/2025	$1.02
2025-02-18	Dec/2024	$0.50
2024-10-29	Sep/2024	$0.05

Filings and sources

Company website: eqt.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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