EQT financials
$48.88−1.99%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.64B | $5.27B | $6.91B | $12.14B | $6.80B | $3.06B | $4.42B | $4.56B | $3.09B | $1.39B |
| Gross profit | $6.72B | $2.98B | $4.51B | $9.73B | $4.64B | $1.19B | $2.51B | $2.67B | $1.74B | $332.7M |
| Gross margin | 77.8% | 56.5% | 65.3% | 80.1% | 68.1% | 39.0% | 56.8% | 58.5% | 56.5% | 24.0% |
| Operating income | $3.46B | $271.1M | $2.42B | $7.35B | $2.36B | -$776.9M | -$1.15B | -$2.78B | $382.2M | -$763.1M |
| Net income | $2.04B | $230.6M | $1.74B | $1.77B | -$1.14B | -$958.8M | -$1.22B | -$2.24B | $1.51B | -$453.0M |
| Net margin | 23.6% | 4.4% | 25.1% | 14.6% | −16.8% | −31.3% | −27.7% | −49.2% | 48.8% | −32.7% |
| Diluted EPS | $3.31 | $0.45 | $4.22 | $4.38 | $-3.54 | $-3.68 | $-4.79 | $-8.60 | $8.04 | $-2.71 |
| EBITDA | $6.11B | $2.53B | $4.26B | $9.41B | $4.35B | $983.9M | $2.13B | $2.54B | $1.48B | $180.6M |
| Operating cash flow | $5.13B | $2.83B | $3.18B | $3.45B | $1.66B | $1.58B | $1.83B | $2.98B | $1.64B | $1.06B |
| Free cash flow | $2.84B | $573.3M | $1.16B | $2.05B | $607.3M | $542.1M | $226.6M | -$755.5M | -$301.5M | -$463.3M |
| Diluted shares | 615.7M | 514.6M | 413.2M | 406.5M | 323.2M | 260.6M | 255.1M | 260.9M | 187.7M | 167.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $110.8M | $202.1M | $81.0M | $1.46B | $114.0M | $18.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $7.94B | $9.49B | $5.88B | $5.68B | $5.59B | $4.93B |
| Total assets | $41.79B | $39.83B | $25.29B | $22.67B | $21.61B | $18.11B |
| Total liabilities | $14.43B | $15.55B | $10.50B | $11.46B | $11.64B | $8.85B |
| Shareholders' equity | $27.36B | $24.28B | $14.78B | $11.21B | $9.97B | $9.26B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology