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EQT Corporation EQT Q4 2025 Annual earnings

Reported February 17, 2026 · After market close

Revenue$2.4BBeat by $259.7MDiluted EPS$0.90Beat by $0.14
Revenue estimate$2.1B
EPS estimate$0.76

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$1.8B
EPS estimate$0.45

Financials

Q4 2025

Income statement

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Revenue$2.4B+47.0%
Gross profit$2.0B+61.6%
Operating income$1.0B+30.0%
Net income$677.1M+61.8%
EPS (diluted)$1.08+28.6%

Balance sheet

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Cash & equivalents$110.8M-45.2%
Total debt$7.9B-16.0%
Total equity$23.8B+15.3%
Total assets$41.8B+4.9%

Cash flow

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Operating cash flow$1.1B+48.8%
CapEx$612.7M+3.6%
Free cash flow$512.7M+211%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$33.45B+21.6%
Enterprise value$41.26B+12.3%
P/E16.4×-103×
P/S3.9×-1.3×

Profitability

See full
Gross margin82.3%+18.6pp
Operating margin37.6%+24.6pp
Net margin23.6%+19.2pp
FCF margin32.8%—

Returns & leverage

See full
Return on equity9.2%+7.9pp
Debt / equity0.3×-0.1×
Current ratio0.8×+0.1×

Segments

By product

See full
Total revenues from contracts with customers$2.3B+26.1%
Natural gas$1.9B+33.6%
NGLs$162.1M-10.1%
Oil$26.3M-3.2%

By segment

See full
Gathering$324.7M-7.5%
Transmission$154.7M+18.2%

Versus estimates

Revenue

Q1 2026$3.4BBeat by $163.4M
Q4 2025$2.4BBeat by $259.7M
Q4 2024$1.8BBeat by $33.3MQ3 2024$1.2BMiss by $137.9M

Diluted EPS

Q1 2026$2.33Beat by $0.25
Q4 2025$0.90Beat by $0.14
Q4 2024$0.69Beat by $0.16Q3 2024$0.12Beat by $0.04

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Questions, answered.

When did EQT Corporation report Q4 2025 earnings?
EQT Corporation (EQT) reported Q4 2025 earnings on February 17, 2026 after market close.
What were EQT Corporation's Q4 2025 revenue and EPS?
EQT Corporation reported revenue of $2.4B and diluted EPS of $0.90 for Q4 2025.
Did EQT Corporation beat estimates in Q4 2025?
Revenue beat the consensus estimate of $2.1B by $259.7M. EPS beat the consensus estimate of $0.76 by $0.14.
How did EQT Corporation's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 32.1% from $1.8B a year earlier and diluted EPS grew 30.4% from $0.69.
Where can I find EQT Corporation's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000033213-26-000012) and the 10-K periodic report (0000033213-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.