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EQT Corporation Income Statement

Revenue, expenses, and profitability over time

EQT Corporation generated $10.3B in trailing twelve-month revenue, up 0.8% year-over-year. Net income was $3.3B with a 31.94% net margin. Gross margin stands at 84.89% and operating margin at 46.57%. Diluted EPS is $5.27, which grew 6.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$10.3BGross Profit (TTM)$8.7BOperating Income (TTM)$4.8BNet Income (TTM)$3.3BEps Diluted (TTM)$5.27
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$32.0B
P/E Ratio9.74
ROE14.33%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$620.3M$620.8M$623.5M$688.4M$667.8M$654.8M
Gain (Loss) On Expiration And Impairment Of Lease-$38.4M-$2.7M-$3.3M-$3.5M-$41.8M-$3.8M
Other operating expenses$0-$13.5M-$176.5M-$34.3M-$20.4M-$17.6M
Selling, general and administrative$108M$91.5M$81.6M$98.7M$108.3M$95.8M
Total costs & expenses$843.3M$1.2B$1.4B$1.4B$1.4B$1.3B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.84$0.40$1.31$0.54$1.09$2.38
Diluted earnings per share$0.84$0.40$1.30$0.53$1.08$2.36
Weighted-average shares, basic509.6M598M599.2M624.5M611.6M625.1M
Weighted-average shares, diluted514.6M602.8M602.9M628.3M615.7M629.2M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on extinguishment of debt-$62.6M-$11.7M-$5.9M-$1.9M-$3.2M-$29.5M
Gain (loss) on disposal of assets$454.2M-$231K-$3M$5.6M$28.8M$25K
Interest expense$186.4M$117.6M$105.7M$109.9M$105.5M$96.8M
Other income (expense), net$2.4M$623K$2.6M$472K$1.1M$118K

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.2B$1.4B$2.2B$1.6B$2B$3B
Operating income$781.4M$496.3M$1.1B$603.2M$1B$2B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$574.1M$394.1M$1.1B$536.5M$954.7M$2B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$146.9M$78.7M$235.6M$129.3M$208.3M$433.4M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$418.4M$242.1M$784.1M$335.9M$677.1M$1.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net—-$678.9M$720M$135.8M$114.2M-$238.3M
Exploration Expense$159K$1.1M$1.3M$331K$946K$430K
Gain Loss On Sale Of Property Plant Equipment$454.2M-$231K-$3M$5.6M$28.8M$25K
Accounts payable$138.8M$153.2M—-$14.7M$211.6M$39.7M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.2B-$1.1B-$304M-$311.6M-$629.3M-$2B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$534M-$664M-$1B-$621M-$842.4M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$756.3M$1.7B$1.2B$1B$1.1B$3.1B
Other Noncash Income (Expense)-$1.9M-$2M-$1.4M-$4.5M-$7.3M-$5.6M
Other income, net (Note 6)$2.4M$623K$2.6M$472K$1.1M$118K
All other operating activities$13.6M-$39.1M—-$233.5M—-$95.3M
Other income, net$0-$13.5M-$176.5M-$34.3M-$20.4M-$17.6M
Payments of Ordinary Dividends, Common Stock$94M$94.1M$94.3M$98.3M$103M$103.1M
Payment, Tax Withholding, Share-Based Payment Arrangement$10.4M$50.2M$3M$577K$345K$45.7M
Payments to Acquire Property, Plant, and Equipment$591.6M$499.6M$549.6M$626.4M$612.7M$598.5M
Proceeds from revolver$3.3B$1.4B$810M$784M$511M$950M
Repayments of Lines of Credit$5.1B$1.6B$813M$788M$429M$1B
Repayments of Long-Term Debt$2.7B$739.6M$73.5M$92.7M$495.9M$1.7B
Results Of Operations Production Or Lifting Costs$104M$88.4M$91.5M$98.3M$110.4M$115.2M
Stock-based compensation$16.8M$14.8M$13.8M$15.3M$17M$18.6M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$386.5M$378.2M$389.1M$377.1M$387.6M$400.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.6B$1.7B$2.6B$2B$2.4B$3.4B