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EQT

Energy · Oil & Gas Exploration & Production

EQT: revenue, profit and dividends

In fiscal 2025, EQT had revenue of $8.64B, up 23.1% a year on average since 2020, and net income of $2.04B (23.6% of revenue). Its dividend per share has gone up 3 years in a row, to $0.64. It has 303% more shares than in 2015.

Revenue, fiscal 2025

$8.64B+23.1% a year

average annual revenue growth since 2020 · +63.9% vs 2024

Net income, 2025
$2.04B
23.6% of revenue
Diluted EPS, 2025
$3.31
19.4% a year since 2015
Dividend per share, 2025
$0.64
raised 3 years in a row
Shares, 2025
616M
+302.6% since 2015
Free cash flow, 2025
$2.84B
$5.13B from operations − $2.29B capex
Ticker
EQT · NYSE
Sector
Energy
Sub-industry
Oil & Gas Exploration & Production
Headquarters
Pittsburgh, Pennsylvania
Founded
1888
In the S&P 500 since
October 3, 2022
Latest fiscal year
2025, ended December 31, 2025
SEC filer
EQT Corp · CIK 0000033213

Revenue and net income

Revenue went from $1.39B in 2016 to $8.64B in 2025. Net loss in 2016, 2018–2021.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $2.10 in 2007 to $3.31 in 2025. Ten-year growth: 19.4% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 3 years in a row, every year from 2023 to 2025. Ten-year growth: 18.2% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

302.6% more shares in 2025 than in 2015 (153M → 616M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $2.84B in 2025, 32.8% of revenue. Negative in 2007–2011, 2014–2015, 2018.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSDividendSharesOperating cash flowCapexFree cash flow
2025$8.64B$2.04B23.6%$3.31$0.64616M$5.13B$2.29B$2.84B
2024$5.27B$231M4.4%$0.45$0.63515M$2.83B$2.25B$573M
2023$6.91B$1.74B25.1%$4.22$0.61413M$3.18B$2.02B$1.16B
2022$7.5B$1.77B23.6%$4.38$0.55406M$3.47B$1.4B$2.07B
2021$3.06B−$1.14B−37.3%−$3.54—323M$1.66B$1.06B$607M
2020$3.06B−$959M−31.3%−$3.68$0.03261M$1.54B$1.04B$495M
2019$4.42B−$1.22B−27.7%−$4.79$0.12255M$1.85B$1.6B$249M
2018$4.56B−$2.24B−49.2%−$8.60$0.12261M$2.98B$3.0B−$22.8M
2017$3.09B$1.51B48.8%$8.04$0.12188M$1.64B$1.56B$78.6M
2016$1.39B−$453M−32.7%−$2.71$0.12167M$1.06B$943M$122M
2015—$85.2M—$0.56$0.12153M$1.22B$2.43B−$1.22B
2014—$387M—$2.54$0.12153M$1.41B$2.28B−$863M
2013—$391M—$2.57$0.12152M$1.16B$114M$1.05B
2012—$183M—$1.22$0.88151M$797M$0$797M
2011—$480M—$3.19$0.88150M$905M$1.27B−$369M
2010—$228M—$1.57$0.88145M$790M$1.25B−$457M
2009—$157M—$1.19$0.88131M$726M$964M−$238M
2008—$256M—$2.00$0.88128M$509M$1.34B−$835M
2007—$257M—$2.10$0.88—$427M$777M−$350M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Other Oil & Gas Exploration & Production companies

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Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.