EQT Corporation (EQT): financials, SEC filings and peers

EQT Corporation (EQT) is an oil & gas exploration & production company in the Energy sector of the S&P 500, headquartered in Pittsburgh, Pennsylvania.

It was founded in 1888 and joined the S&P 500 on October 3, 2022.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Crude Petroleum & Natural Gas”.

EQT Corporation at a glance

Revenue (12 months): $9.3B
Revenue growth: +18.6%
Operating margin: 41.8%
Net income (12 months): $2.7B
Free cash flow (12 months): $3.8B
Cash: $79M
Debt: $5.6B
Diluted EPS (12 months): $4.22

Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, EQT Corporation reported revenue of $9.3 billion, up 18.6% from a year earlier.

Its operating margin was 41.8%, up 3.5 percentage points from a year earlier: for every $100 of sales, about $42 was left as operating profit.

Net income was $2.7 billion (28.4% of revenue), 49.1% higher than a year earlier.

Operating cash flow was $6.3 billion and capital spending $2.5 billion, leaving free cash flow of $3.8 billion (40.7% of revenue). Capital spending equal to 27% of revenue is high; the company is investing heavily.

At the end of the period it held $79 million in cash and $5.6 billion in debt, a net debt position of $5.5 billion.

Five-year trend

Revenue went from $3.1 billion in fiscal 2020 to $8.6 billion in fiscal 2025, about 23.1% a year.
Operating margin widened from -28.7% to 37.6% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.
EQT Corporation reported a net loss in 2 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$3.1B	$7.5B	$6.9B	$5.3B	$8.6B
Revenue growth	0.2%	144.6%	-7.9%	-23.7%	63.9%
Operating margin	-44.4%	36.3%	33.5%	13.0%	37.6%
Net income	−$1.1B	$1.8B	$1.7B	$231M	$2.0B
Free cash flow	$607M	$2.1B	$1.2B	$573M	$2.8B
Diluted EPS	$-3.54	$4.38	$4.22	$0.45	$3.31

Fiscal years as reported in EQT Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed October 28, 2026 — quarterly report
8-K filed October 27, 2026 — Earnings results
8-K filed October 26, 2026 — Material agreement; Regulation FD disclosure
8-K filed October 13, 2026 — Earnings results
8-K filed October 7, 2026 — Material agreement; New debt obligation
10-Q filed July 22, 2026 — quarterly report
8-K filed July 21, 2026 — Earnings results
8-K filed July 14, 2026 — Earnings results

All EQT Corporation filings on SEC EDGAR

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Questions about EQT Corporation

Is EQT Corporation's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $9.3 billion, up 18.6% from a year earlier, according to its SEC filings.

Is EQT Corporation profitable?

Yes. It earned $2.7 billion in net income over the twelve months to September 30, 2026, a net margin of 28.4%.

Does EQT Corporation have more cash or more debt?

At September 30, 2026 it had $79 million in cash and $5.6 billion in debt, so more debt than cash.

When did EQT Corporation last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 28, 2026.

Which companies are similar to EQT Corporation?

In the S&P 500, EQT Corporation is grouped in Oil & Gas Exploration & Production within the Energy sector. APA Corporation (APA), ConocoPhillips (COP), Devon Energy (DVN), EOG Resources (EOG), Expand Energy (EXE) are in the same group.

Understand the numbers

Source: EQT Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.