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EQT CorpEQT

Sector
Energy
Industry
Crude Petroleum & Natural Gas
Exchange
NYSE

Stock Price $EQT

Latest filings

You are here#23 of 25 in Energy by market cap

Filing record · 2016–202610-K1210-Q338-K230

EQT filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 230 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Nov ’17Nov ’17
  2. Restructuring8-K · Sep ’19Sep ’19
  3. Leadership change8-K · Oct ’21Oct ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  10. $8.64B
YoY changeLargest recent move+156.7%in FY21Latest +63.9%

1 older move runs past ±150% (largest +156.7%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All EQT Financial Metrics57 metrics

Income Statement14

Balance Sheet23

Cash Flow15

Per Share5

02—Overview

EQT Corp Financial Overview 2021–2025

Updated Aug 8, 2026

In FY2025, EQT Corporation's net income rocketed to $2.04 billiona—a dramatic expansion from $231 million in FY2024—highlighting the cash-generating power of its vertically integrated natural gas model. By aggressively acquiring midstream infrastructure and prioritizing debt reduction, the largest natural gas producer in the United States has successfully built a financial buffer against inherent commodity price volatility.

This structural transformation is highly visible over a multi-year horizon, as earnings per share recovered from a $-3.54 deficit in FY2021 to a profitable $3.31b by FY2025. Over this period, EQT fundamentally de-risked its balance sheet, notably retiring $4.3 billion in senior notes and term loans in FY2024 and eliminating another $1.4 billion in debt during FY2025. The company's top-line performance also hit new highs, with total operating revenues surging to $8.64 billion in FY2025, driven by higher realized pricing and the completion of the Olympus Energy acquisition. This specific asset expansion pushed total proved reserves up by 7% year-over-year to a massive 28.0 Tcfe.

The market rewarded this combination of balance sheet discipline and operational scale. At the close of FY2025, the stock traded at $53.60c with a price-to-earnings multiple of 16.2x. That valuation reflects normalized profitability for a producer that has successfully utilized targeted M&A and strategic pipeline ownership to secure durable cash flows in an unpredictable energy sector.

Recent Developments (Q1 and Q2 2026)

EQT navigated extreme volatility across the first half of 2026. In Q1 2026, total operating revenues hit $3.38 billiond, driving an 800% surge in Upstream operating income. However, Q2 2026 operating revenues fell 29% year-over-year to $1.81 billion, dragging net income down 73% to $211 million amid lower realized natural gas prices. Despite this, EQT retired $2.12 billion in debt over the first six months and finalized strategic midstream expansions, including a $213.9 million investment in MVP A and MVP C and the $77 million acquisition of Blackline Midstream.

Bulls champion the company's proactive debt reduction and robust first-half net income growth of 65%. Bears warn that severe Q2 2026 profitability contractions expose fundamental vulnerabilities to commodity price swings. Trading at 16.3x earnings as of July 22, 2026, the stock appears fairly valued given these conflicting signals in quarterly revenue stability.

What to watch: realized natural gas pricing trends into the second half; integration of the Blackline Midstream assets.

03—Filings

Recent SEC Filings

  1. 8-KEQT Corp 8-K Report, Financial Results (Oct 13, 2026)EQT Corporation has filed a Current Report on Form 8-K to provide preliminary financial information for the three months ended September 30, 2026. The company anticipates reporting a total gain on derivatives of approximately $100 million. This gain is primarily driven by net cash settlements received on various hedging positions, with $68 million expected from NYMEX natural gas hedges and an additional $2 million from basis and liquids hedges, totaling $70 million in net cash settlements. It is important for investors to note that these figures are preliminary and subject to change. The final audited amounts will be disclosed in EQT's upcoming Quarterly Report on Form 10-Q for the period ending September 30, 2026, or in their corresponding earnings release. The company also indicated that no premiums were paid or received for derivatives that settled during the reported period. This disclosure is informational and not considered "filed" for the purposes of Section 18 of the Exchange Act.
  2. 8-KEQT Corp 8-K Report, Material Agreement (Oct 7, 2026)EQT Corporation has established a commercial paper program allowing for the issuance of up to $3.5 billion in short-term, unsecured commercial paper notes. These notes will be used for general corporate purposes, including working capital, capital expenditures, acquisitions, and debt repayment, providing EQT with flexible access to funding. The program is supported by EQT's existing senior unsecured revolving credit facility, which will act as a liquidity backstop, ensuring sufficient capacity to cover outstanding commercial paper. This initiative suggests EQT is proactively managing its liquidity and potentially positioning itself for future growth opportunities or to optimize its capital structure. While no notes have been issued yet, the establishment of this program indicates a strategic move to enhance financial flexibility. Investors should monitor EQT's use of this program and its impact on the company's leverage and cash flow.
  3. 8-KEQT Corp 8-K Report, Financial Results (Jul 21, 2026)EQT Corporation has filed an 8-K report on July 21, 2026, to announce its second quarter 2026 financial results. The core of this filing is the company's earnings news release, furnished as Exhibit 99.1. Investors should refer to this news release for detailed information regarding EQT's performance during the second quarter of 2026. The filing itself primarily serves to formally present this earnings announcement to the market. While the 8-K doesn't provide the detailed financial statements within the form itself, it directs stakeholders to the accompanying news release for operational and financial condition updates. This is a standard procedure for earnings announcements, ensuring timely information dissemination. Investors are encouraged to review Exhibit 99.1 for specifics on revenue, profitability, operational metrics, and any forward-looking statements or guidance provided by EQT for the remainder of the fiscal year.
  4. 8-KEQT Corp 8-K Report, Financial Results (Jul 14, 2026)EQT Corporation (EQT) has filed a Form 8-K pre-releasing select financial information for the three months ended June 30, 2026. The company anticipates reporting a total gain on derivatives of $45 million for the quarter. This includes net cash settlements received of $73 million, primarily driven by $76 million in net cash received from NYMEX natural gas hedge positions, partially offset by $3 million in net cash paid for basis and liquids hedge positions. Notably, EQT expects no premiums paid or received for derivatives that settled during the period.
  5. 8-KEQT Corp 8-K Report, Financial Results (Apr 21, 2026)EQT Corporation has filed a Form 8-K with the SEC, primarily to report its first quarter 2026 financial results and operational performance. The filing incorporates by reference the company's earnings news release dated April 21, 2026, which contains the detailed financial data and commentary for the period. Investors should refer to the furnished news release for specific metrics such as revenue, net income, earnings per share, production volumes, and operational highlights. The 8-K itself serves as a notification of the earnings release, with the detailed financial information deemed "furnished" rather than "filed," meaning it is not subject to the same liability provisions as formally filed information under Section 18 of the Exchange Act, unless expressly incorporated into other filings.
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04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.