EQT Corporation income statement & cash flow
In the fiscal year ended Dec 31, 2025, EQT Corporation reported net income of $2.04B on revenue of $8.64B. Operating cash flow was $5.13B and capital expenditures were $2.29B, leaving $2.84B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $3.09B | $4.56B | $4.42B | $3.06B | $3.06B | $7.50B | $6.91B | $5.27B | $8.64B |
| Operating income | −$755.03M | $382.21M | −$2.78B | −$1.15B | −$877.67M | −$1.36B | $2.72B | $2.31B | $685.30M | $3.25B |
| Net income | −$452.98M | $1.51B | −$2.24B | −$1.22B | −$958.80M | −$1.14B | $1.77B | $1.74B | $230.58M | $2.04B |
| Diluted EPS | −$2.71 | $8.04 | −$8.60 | −$4.79 | −$3.68 | −$3.54 | $4.38 | $4.22 | $0.45 | $3.31 |
| Operating cash flow | $1.06B | $1.64B | $2.98B | $1.85B | $1.54B | $1.66B | $3.47B | $3.18B | $2.83B | $5.13B |
| Capital expenditures | $942.81M | $1.56B | $3.00B | $1.60B | $1.04B | $1.06B | $1.40B | $2.02B | $2.25B | $2.29B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 37.6% | 23.6% |
| Dec 2024 | — | 13.0% | 4.4% |
| Dec 2023 | — | 33.5% | 25.1% |
| Dec 2022 | — | 36.3% | 23.6% |
| Dec 2021 | — | -44.4% | -37.3% |
Source: SEC EDGAR XBRL company facts for CIK 33213 (raw data). Most recent filing in this dataset: 10-Q filed Oct 28, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.