Metrics

The numbers behind EQT Corporation: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.

Reading notes: All figures are presented in US$ millions; EQT's filings print the statements in thousands, so linked figures highlight the thousands-denominated row on the source page (e.g. the tab's 7,727 links to the printed 7,726,712). Citation filings: FY2025 and FY2024 columns are cited to the FY2025 Form 10-K (FY2024 as its comparative column); FY2023 and FY2022 to the FY2023 Form 10-K; FY2021 income statement, cash flow and product/volume detail to the FY2023 Form 10-K (restated comparative) and the FY2021 balance sheet to the FY2022 Form 10-K (restated). Revenue is disaggregated into the product cut (natural gas, NGLs, oil) that ties to the 'Sales of natural gas, NGLs and oil' line, plus the two other operating-revenue lines the company reports on the face of the income statement (gain/loss on derivatives; pipeline and other). Derivative gains/losses make Total operating revenues volatile year to year. FY2016–FY2020 long-term figures are from the standardized SEC XBRL data feed (data/financials/.json) and are shown without page links; FY2016 and FY2017 product-sales revenue is not carried in the feed and is left blank.*

Share Price — Full Available History — 37 Years

The stock closed at $53.29 on Jul 31, 2026 — up 15,689% over the window shown (+14.8% a year), trading between $0.28 and $67.93. At that close the stock trades at 16× FY2025 diluted EPS as reported below.

Source: market price feed, monthly closes, sampled from 9,213 source observations, Jan 1990–Jul 2026. Price return only, excludes dividends. Prices are split-adjusted (×1.5 on Jan 26, 1993; 1:2 on Jun 12, 2001; 1:2 on Sep 02, 2005; ×1.837 on Nov 13, 2018).

Market capitalization $32.8bn and enterprise value $40.5bn.

Market cap = 615.7M shares outstanding × the Jul 31, 2026 close of $53.29. Enterprise value adds total debt of $7.8bn and subtracts cash and equivalents of $111mn (net debt of $7.7bn), from the FY2025 balance sheet. Market-derived figures, shown without filing links.

FY2025 at a Glance

Source: FY2025 consolidated statements [1] [2]. Click any linked figure to open the filing page with the row highlighted.

Revenue by Product and Source

Revenue by Product and Source	FY2021	FY2022	FY2023	FY2024	FY2025
Natural gas sales	6,180	11,448	4,521	4,225	7,019
NGLs sales	532	587	428	616	620
Oil sales	92	79	96	94	88
Sales of natural gas, NGLs and oil	6,804	12,114	5,045	4,934	7,727
Gain (loss) on derivatives	(3,775)	(4,643)	1,839	51	291
Pipeline and other	36	26	25	288	627
Total operating revenues	3,065	7,498	6,909	5,273	8,644
Total operating revenues growth, derived	—	+144.6%	-7.9%	-23.7%	+63.9%

Source: Statements of Consolidated Operations; Note 3 Revenue from Contracts with Customers (product split) [3] [1] [4] [2]. Click any linked figure to open the filing page with the row highlighted.

Income Statement

Source: Statements of Consolidated Operations [1] [2]. Click any linked figure to open the filing page with the row highlighted.

Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.

Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-08-02. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.

Balance Sheet

Source: Consolidated Balance Sheets [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.

Cash Flow

Source: Statements of Consolidated Cash Flows [8] [9]. Click any linked figure to open the filing page with the row highlighted.

Long-Term Record

Fiscal year	Sales of natural gas, NGLs and oil	Net income (loss) attributable to EQT Corporation	Basic earnings (loss) per share	Net cash provided by operating activities	Capital expenditures
FY2016	—	(453)	(2.71)	1,064	943
FY2017	—	1,509	8.05	1,638	1,559
FY2018	4,709	(2,245)	(8.60)	2,976	2,999
FY2019	3,791	(1,222)	(4.79)	1,852	1,602
FY2020	2,650	(959)	(3.68)	1,538	1,042
FY2021	6,804	(1,143)	(3.54)	1,662	1,055
FY2022	12,114	1,771	4.79	3,466	1,400
FY2023	5,045	1,735	4.56	3,179	2,019
FY2024	4,934	231	0.45	2,827	2,254
FY2025	7,727	2,039	3.33	5,126	2,288

Source: consolidated statements across filings; older years from the standardized feed [8] [1] [9] [2]. Click any linked figure to open the filing page with the row highlighted.

Operating KPIs

KPI	FY2021	FY2022	FY2023	FY2024	FY2025
Total sales volume (MMcfe)	1,857,817	1,940,043	2,016,273	2,228,159	2,382,367

Source: company-reported operating metrics [10] [11]. Click any linked figure to open the filing page with the row highlighted.

Analyst Consensus

Street ratings: 17 strong buy, 3 buy, 5 hold. Consensus: Buy.

Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-08-02. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.

Traceability

299 of 365 figures on this page (82%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.

• All figures are presented in US$ millions; EQT's filings print the statements in thousands, so linked figures highlight the thousands-denominated row on the source page (e.g. the tab's 7,727 links to the printed 7,726,712).

• Citation filings: FY2025 and FY2024 columns are cited to the FY2025 Form 10-K (FY2024 as its comparative column); FY2023 and FY2022 to the FY2023 Form 10-K; FY2021 income statement, cash flow and product/volume detail to the FY2023 Form 10-K (restated comparative) and the FY2021 balance sheet to the FY2022 Form 10-K (restated).

• Revenue is disaggregated into the product cut (natural gas, NGLs, oil) that ties to the 'Sales of natural gas, NGLs and oil' line, plus the two other operating-revenue lines the company reports on the face of the income statement (gain/loss on derivatives; pipeline and other). Derivative gains/losses make Total operating revenues volatile year to year.

• FY2016–FY2020 long-term figures are from the standardized SEC XBRL data feed (data/financials/*.json) and are shown without page links; FY2016 and FY2017 product-sales revenue is not carried in the feed and is left blank.

• The July 2024 Equitrans Midstream acquisition made EQT vertically integrated; from FY2024 the income statement adds midstream lines (Operating and maintenance; Pipeline revenue) and the balance sheet adds Goodwill and larger Investments in unconsolidated entities. Some expense-line labels were reclassified across years (e.g. Depreciation and depletion - Depreciation, depletion and amortization; a portion of Production reclassified to Operating and maintenance), so each cell is cited to a page where that value is printed with the label shown.

• Quarterly cash flow is omitted: EQT's 10-Qs print cash flows only on a year-to-date basis and a full quarterly cash-flow series with Q4 derivation added limited signal for this tab; annual cash flow is fully cited above.

• 3 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).