EQT revenue and financials
$50.56Change from previous close: +0.78%Absolute change: +$0.39
In the fiscal year ended December 2025, EQT reported revenue of $8.64B (+63.92% year over year). Net income was $2.04B, a net margin of 23.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +63.92%
- 2025 vs 2024
- Net income growth
- +784.41%
- 2025 vs 2024
- Net margin
- 23.6%
- 2024: 4.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 8,644 | 5,273 | 6,909 | 7,498 | 3,065 | 3,059 | 4,416 | 4,558 | 3,091 | 1,387 |
| Cost of revenue | 1,532 | 1,916 | 2,157 | 2,117 | 1,942 | 1,711 | 1,753 | 1,697 | 1,165 | 880 |
| Gross profit | 3,832 | 767 | 942 | 8,059 | — | — | — | — | — | — |
| Selling, general and administrative | 380 | 337 | 236 | 253 | — | — | — | — | — | — |
| Operating income | 3,250 | 685 | 2,314 | 2,718 | -1,361 | -878 | -1,152 | -2,783 | 382 | -755 |
| EBIT | 3,416 | 719 | 2,323 | 2,584 | — | — | — | — | — | — |
| EBITDA | 6,017 | 2,881 | 4,055 | 4,250 | — | — | — | — | — | — |
| Interest expense | 439 | 455 | 220 | 250 | 290 | 259 | 200 | 229 | 168 | 131 |
| Pre-tax income | 2,978 | 264 | 2,103 | 2,335 | — | — | — | — | — | — |
| Income tax | 652 | 22.1 | 369 | 554 | -428 | -295 | -376 | -697 | -1,188 | -363 |
| Net income | 2,039 | 231 | 1,735 | 1,771 | -1,143 | -959 | -1,222 | -2,245 | 1,509 | -453 |
| Net income to common shareholders | 2,039 | 231 | 1,735 | 1,771 | — | — | — | — | — | — |
| Basic EPS | 3.33 | 0.45 | 4.56 | 4.79 | -3.54 | -3.68 | -4.79 | -8.60 | 8.05 | -2.71 |
| Diluted EPS | 3.31 | 0.45 | 4.22 | 4.38 | -3.54 | -3.68 | -4.79 | -8.60 | 8.04 | -2.71 |
| Average shares (basic) | 612 | 510 | 381 | 370 | — | — | — | — | — | — |
| Average shares (diluted) | 616 | 515 | 413 | 406 | 323 | 261 | 255 | 261 | 188 | 167 |