EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.

EQT Corporation

Sales of Natural Gas, Natural Gas Liquids and Oil

Sales of Natural Gas, Natural Gas Liquids and Oil %Chg

Sales of Natural Gas, Natural Gas Liquids and Oil Common Size

Gain on Derivatives

Gain on Derivatives %Chg

Gain on Derivatives Common Size

Pipeline and Other

Pipeline and Other %Chg

Pipeline and Other Common Size

Total Operating Revenues

Total Operating Revenues %Chg

Total Operating Revenues Common Size

Transportation and Processing

Transportation and Processing %Chg

Transportation and Processing Common Size

Production

Production %Chg

Production Common Size

Operating and Maintenance

Operating and Maintenance %Chg

Operating and Maintenance Common Size

Exploration

Exploration %Chg

Exploration Common Size

Selling, General and Administrative

Selling, General and Administrative %Chg

Selling, General and Administrative Common Size

Depreciation, Depletion and Amortization

Depreciation, Depletion and Amortization %Chg

Depreciation, Depletion and Amortization Common Size

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets %Chg

Impairment of Long-Lived Assets Common Size

Amortization of Intangible Assets

Amortization of Intangible Assets %Chg

Amortization of Intangible Assets Common Size

Loss on Sale/Exchange of Long-Lived Assets

Loss on Sale/Exchange of Long-Lived Assets %Chg

Loss on Sale/Exchange of Long-Lived Assets Common Size

Impairment and Expiration of Leases

Impairment and Expiration of Leases %Chg

Impairment and Expiration of Leases Common Size

Transaction, Proxy and Reorganization

Transaction, Proxy and Reorganization %Chg

Transaction, Proxy and Reorganization Common Size

Impairment of Contract and Other Assets

Impairment of Contract and Other Assets %Chg

Impairment of Contract and Other Assets Common Size

Impairment of Goodwill

Impairment of Goodwill %Chg

Impairment of Goodwill Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Gain on Sale of Assets, Net

Gain on Sale of Assets, Net %Chg

Gain on Sale of Assets, Net Common Size

Operating Income

Operating Income %Chg

Operating Income Common Size

Income on Debt Extinguishment

Income on Debt Extinguishment %Chg

Income on Debt Extinguishment Common Size

Other Expense

Other Expense %Chg

Other Expense Common Size

Gain on Equitrans Share Exchange

Gain on Equitrans Share Exchange %Chg

Gain on Equitrans Share Exchange Common Size

Loss on Investment in Equitrans Midstream Corporation

Loss on Investment in Equitrans Midstream Corporation %Chg

Loss on Investment in Equitrans Midstream Corporation Common Size

Income from Investments

Income from Investments %Chg

Income from Investments Common Size

Dividend and Other Income

Dividend and Other Income %Chg

Dividend and Other Income Common Size

Other Income

Other Income %Chg

Other Income Common Size

Loss on Debt Extinguishment

Loss on Debt Extinguishment %Chg

Loss on Debt Extinguishment Common Size

Interest Expense, Net

Interest Expense, Net %Chg

Interest Expense, Net Common Size

Income Before Income Taxes

Income Before Income Taxes %Chg

Income Before Income Taxes Common Size

Income Tax Expense

Income Tax Expense %Chg

Income Tax Expense Common Size

Income from Continuing Operations

Income from Continuing Operations %Chg

Income from Continuing Operations Common Size

Income from Discontinued Operations, Net of Tax

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Depreciation & Amortization Expenses

Depreciation & Amortization Expenses %Chg

Depreciation & Amortization Expenses Common Size

Exploration Expenses

Exploration Expenses %Chg

Exploration Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	1,822.8	1,837.8	2,418.8	1,808.3	1,217	891.2
Total Revenues %Chg	49.8%	106.2%	85.2%	31.9%	20.7%	4.3%
Sales of Natural Gas, Natural Gas Liquids and Oil
Pipeline and Other
Cost of Sales	475.4	480.6	466.6	490.5	534.7	631.6
Transportation and Processing
Production
Gross Profit	1,347.4	1,357.1	1,952.1	1,317.8	682.3	259.6
Gross Profit Margin	73.9%	73.8%	80.7%	72.9%	56.1%	29.1%
Selling, General & Administrative Expenses	98.7	81.6	91.5	108	88.5	67.2
Selling, General and Administrative
Depreciation & Amortization Expenses	688.4	623.5	620.8	620.3	589.3	466
Depreciation, Depletion and Amortization
Exploration Expenses	0.3	1.3	1.1	0.2	0.3	1.4
Exploration
Other Operating Expenses	92.5	236.7	63.7	-375.7	352.9	-216.6
Operating and Maintenance
Impairment of Long-Lived Assets
Loss on Sale/Exchange of Long-Lived Assets
Impairment and Expiration of Leases
Transaction, Proxy and Reorganization
Impairment of Contract and Other Assets
Impairment of Goodwill
Other Operating Expenses
Operating Profit	603.2	1,134	496.3	781.4	-281.8	3
Operating Income
Operating Margin	33.1%	61.7%	20.5%	43.2%	-23.2%	0.3%
Interest and Investment Income	-44.6	-67.2	-26.5	-39.4	-34.2	-0.2
Income from Investments
Dividend and Other Income
Interest Expense	-109.9	-105.7	-117.6	-186.4	-158.3	-55.7
Interest Expense, Net
Non-Operating Income	133.4	711.5	-691.2	-248.6	62.5	40.1
Gain on Derivatives
Gain on Sale of Assets, Net
Income on Debt Extinguishment
Other Expense
Gain on Equitrans Share Exchange
Loss on Investment in Equitrans Midstream Corporation
Other Income
Loss on Debt Extinguishment
Total Non-Operating Income	-21.2	538.6	-835.3	-474.4	-130.1	-15.8
Income Before Provision for Income Taxes	536.5	1,092.3	394.1	574.1	-402.3	-35
Income Before Income Taxes
Provision for Income Taxes	129.3	235.6	78.7	146.9	-104.9	-44.2
Income Tax Expense
Consolidated Net Income	407.2	856.7	315.4	427.2	-297.4	9.2
Net Income
Net Income Attributable to Minority Interests and Other	71.4	72.5	73.3	8.9	3.4	-0.3
Less: Net Income Attributable to Noncontrolling Interests
Less: Net Income from Discontinued Operations Attributable to Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Income from Discontinued Operations, Net of Tax
Loss from Discontinued Operations, Net of Tax
Income from Discontinued Operations, Net of Tax
Net Income Attributable to Common Shareholders	335.9	784.1	242.1	418.4	-300.8	9.5
Net Income Attributable to EQT Corporation
Basic EPS	0.5	1.3	0.4	0.7	-0.5	0
Diluted EPS	0.5	1.3	0.4	0.7	-0.5	0
Basic Weighted Average Shares Outstanding	624.5	599.2	598	597.2	559.6	442
Total Shares Outstanding	624.1	598.6	598.6	596.9	596.3	441.6
Diluted Weighted Average Shares Outstanding	628.3	602.9	602.8	602.5	559.6	444.9
EBITDA	1,291.6	1,757.5	1,117	1,401.8	307.5	469
Effective Tax Rate	24.1%	21.6%	20%	25.6%	26.1%	126.4%