EQT revenue and financials
$52.47Change from previous close: +2.64%Absolute change: +$1.35
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5,126 | 2,827 | 3,179 | 3,466 | 1,662 | 1,538 | 1,852 | 2,976 | 1,638 | 1,064 |
| Depreciation and amortization | 2,600 | 2,162 | 1,732 | 1,666 | 1,677 | 1,393 | 1,539 | 1,569 | 971 | 856 |
| Capital expenditure | -2,288 | -2,254 | -2,019 | -1,400 | -1,055 | -1,042 | -1,602 | -2,999 | -1,559 | -943 |
| Investing cash flow | -2,845 | -1,580 | -4,314 | -1,422 | -2,073 | — | — | — | — | — |
| Financing cash flow | -2,372 | -1,126 | -243 | -699 | 506 | — | — | — | — | — |
| Dividends paid | -390 | -327 | -228 | -204 | 0.0 | -7.7 | -30.7 | -31.4 | -20.8 | -20.2 |
| Share repurchases | 0.0 | 0.0 | -201 | -409 | -12.9 | 0.0 | 0.0 | -0.0 | -0.0 | -0.0 |
| Debt issued | 3,529 | 7,637 | 2,257 | 11,242 | — | — | — | — | — | — |
| Debt repaid | -5,041 | -11,765 | -2,023 | -11,159 | — | — | — | — | — | — |
| Net change in cash | -91.3 | 121 | -1,378 | 1,345 | 95.8 | — | — | — | — | — |
| Free cash flow | 2,838 | 573 | 1,160 | 2,065 | 607 | — | — | — | — | — |
| Levered free cash flow | 1,829 | 818 | 242 | 802 | 1,429 | — | — | — | — | — |