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Companies / Energy / EQT Corporation
EQT

EQT Corporation

EnergyOil & Gas ExtractionS&P 500
Ticker EQTCANONSBURG, PAFiscal year ends DecemberBook value per share $40.15Diluted shares 629.1M

EQT Corporation (NYSE: EQT) is a vertically integrated natural gas company focused on the Appalachian Basin, producing natural gas, natural gas liquids (NGLs) and oil and operating gathering, transmission and storage infrastructure. Its customers include marketers, utilities, industrial users, local distribution… From the company’s description.

In fiscal 2025, EQT Corporation reported revenue of $8.64B, up 63.9% from fiscal 2024, and net income of $2.33B. Its operating margin was 37.6%, and operations generated $5.13B in cash. Over the twelve months to Jun 30, 2026, revenue was $9.54B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.64BFY2025
+63.9% year over year
Last 12 mo $9.54B
37.59%FY2025
+24.6 percentage points
Last 12 mo 42.47%
$2.33BFY2025
+860.6% year over year
Last 12 mo $2.99B
8.75%FY2025
+7.2 percentage points
Last 12 mo 10.74%
Cash & financing
$5.13BFY2025
+81.3% year over year
Last 12 mo $6.25B
$2.84BFY2025
+395.0% year over year
Last 12 mo $3.76B
0.33FY2025
Was 0.45× a year earlier
Last 12 mo 0.22
615.7MFY2025
+19.7% year over year
Last 12 mo 629.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What EQT Corporation does

In the company’s own words

EQT Corporation (NYSE: EQT) is a vertically integrated natural gas company focused on the Appalachian Basin, producing natural gas, natural gas liquids (NGLs) and oil and operating gathering, transmission and storage infrastructure. Its customers include marketers, utilities, industrial users, local distribution companies and other producers. EQT reports three segments: Upstream, which sells produced commodities; Gathering, which provides gas gathering and processing services; and Transmission, which transports and stores gas. In 2025, segment operating revenues before intersegment eliminations were $8.0 billion for Upstream, $1.3 billion for Gathering and $572 million for Transmission. The company sells production into Appalachian and other accessible markets, including the Gulf Coast, Midwest, East Coast and Canada. At December 31, 2025, EQT had 28.0 Tcfe of proved reserves, approximately 2.3 million gross acres and about 2,945 miles of pipeline infrastructure. It also holds an investment in Mountain Valley Pipeline, which owns a 303-mile interstate natural gas pipeline. Its website is www.eqt.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
CANONSBURG, PA
Fiscal year end
December
CIK
33213
SIC
1311

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.16B$301.34M$3.76B$7.23B$10.69B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns EQT Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

859
funds hold it
0 of 35
superinvestors hold it
$14.31B
held by funds, at market
41.8%
of shares held by funds
13
bond issues held by funds

Largest fund holders · EQT Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
2.00%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
0.70%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

EQT Corporation’s bonds, as funds hold them

Funds report holding 13 issues of EQT Corporation’s debt, $1.76B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.49%, maturing 2026 to 2048.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do EQT Corporation and its peers compare on margins and cash generation over ten years?”
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