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EQT Corporation EQT Operating margin

Operating margin at other companies

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34.3%-0.2pp
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14.4%+1.6pp
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10.3%-1.0pp
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Permian ResourcesPR
28.1%-6.6pp
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EOG ResourcesEOG
29.8%-3.2pp

Other financials

Income statement

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Revenue$3.4B+94.2%
Gross profit$3.0B+119%
Operating income$2.0B+310%
Net income$1.5B+514%
EPS (diluted)$2.36+490%

Balance sheet

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Cash & equivalents$326.6M+15.9%
Total debt$6.0B-28.6%
Total equity$25.1B+21.2%
Total assets$41.7B+5.0%

Cash flow

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Operating cash flow$3.1B+75.5%
CapEx$598.5M+19.8%
Free cash flow$2.5B+97.9%

Valuation

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Market cap$31.98B+24.5%
Enterprise value$37.65B+13.4%
P/E9.7×-59.9×
P/S3.1×-1.5×

Profitability

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Gross margin84.9%+16.1pp
Net margin31.9%+25.3pp

Returns & leverage

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Return on equity14.3%+12.3pp
Debt / equity0.2×-0.2×
Current ratio0.7×+0.1×

Where this comes from

Calculated from EQT Corporation’s reported figures.

Based on trailing twelve months.

The official record: EQT Corporation’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EQT Corporation's operating margin?
EQT Corporation (EQT) reported operating margin of 46.6% in Q1 2026.
How has EQT Corporation's operating margin changed year-over-year?
EQT Corporation's operating margin increased by 161.2% year-over-year, from 17.8% to 46.6%.
What is the long-term trend for EQT Corporation's operating margin?
Over 2 years (2023 to 2025), EQT Corporation's operating margin has grown at a -19.6% compound annual growth rate (CAGR), from 190.5% to 123.2%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.