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EQT CORP

LISTEDNYSE

SYMBOLEQT

SIC1311

STATE OF INC.PA

FISCAL YEAR ENDSDecember 31

CIK33213

CRUDE PETROLEUM & NATURAL GAS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	7,800	24.7
Stockholders' equity	23,753	75.3
Total capitalization	31,553	100.0

625,516,000 shares outstanding at 14 July 2026 (cover page of the 10-Q filed 22 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	7,800
Long-term debt, noncurrent	7,293
Current maturities	507

CAPITAL STOCK 12/31/25

Common shares authorized	1,280,000,000
Common shares issued	624,076,000
Outstanding at 7/14/26	625,516,000

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	0.64	19.3
2024	0.63	140.0
2023	0.61	14.5
2022	0.55	12.6
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Pennsylvania. Formerly known as EQUITABLE RESOURCES INC /PA/ (to 4 February 2009).

BUSINESS: Classified by the SEC under Standard Industrial Classification 1311, Crude Petroleum & Natural Gas. Large accelerated filer. Principal executive office: 2200 Energy Drive, Canonsburg, PA 15317. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Revenues	8,644	5,273	5,045
Cost of revenues	1,532	1,916	2,157
Selling, general and administrative	380	337	236
Depreciation and amortization	2,600	2,162	1,732
Operating income	3,250	685	2,314
Interest expense	439	455	220
Income before income taxes	2,978	264	2,103
Income taxes	652	22	369
Net income	2,039	231	1,735
Earned per share, diluted ($)	3.31	0.45	4.22
Dividends per share ($)	0.64	0.63	0.61

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Cash and equivalents	111	202
Receivables, net	1,458	1,133
Total current assets	1,895	1,715
Property, plant and equipment, net	33,558	31,748
Goodwill	2,062	2,079
Total assets	41,793	39,830
Total current liabilities	2,485	2,462
Long-term debt	7,293	9,003
Total liabilities	14,433	15,552
Stockholders' equity	23,753	20,598
Total liabilities and equity	41,793	39,830

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	8,644	3,250	2,039	23.6	3.31	0.64	5,126	2,288	2,838	41,793	14,433	7,800	23,753	8.6	0.33
12/31/24	5,273	685	231	4.4	0.45	0.63	2,827	2,254	573	39,830	15,552	9,324	20,598	1.1	0.45
12/31/23	6,909	2,314	1,735	25.1	4.22	0.61	3,179	2,019	1,160	25,285	10,504	5,795	14,773	11.7	0.39
12/31/22	12,114	2,718	1,771	14.6	4.38	0.55	3,466	1,400	2,065	22,670	11,457	5,679	11,172	15.9	0.51
12/31/21	6,804	(1,361)	(1,143)	-16.8	(3.54)	–	1,662	1,055	607	21,607	11,636	5,591	9,955	-11.5	0.56
12/31/20	3,059	(878)	(959)	-31.3	(3.68)	0.03	1,538	1,042	495	18,113	8,851	4,925	9,255	-10.4	0.53
12/31/19	4,416	(1,152)	(1,222)	-27.7	(4.79)	0.12	1,852	1,602	249	18,809	9,006	5,293	9,804	-12.5	0.54
12/31/18	4,709	(2,783)	(2,245)	-47.7	(8.60)	0.12	2,976	2,999	(23)	20,721	9,763	4,697	10,958	-20.5	0.43
12/31/17	3,091	382	1,509	48.8	8.04	0.12	1,638	1,559	79	29,523	11,108	4,702	13,320	11.3	0.35
12/31/16	1,387	(755)	(453)	-32.7	(2.71)	0.12	1,064	943	122	15,473	6,354	3,289	5,860	-7.7	0.56

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

EQT Corp
CIK 33213 · EIN 25-0464690

PRINCIPAL OFFICE:

2200 Energy Drive, Canonsburg, PA 15317
Tel.: 4125535700

INCORPORATED:

Pennsylvania

INDUSTRY (SEC SIC CODE):

1311 · Crude Petroleum & Natural Gas

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 18 February 2026

FORMER NAMES:

EQUITABLE RESOURCES INC /PA/

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

10/13/26	8-K	period 10/13/26
10/7/26	8-K	period 10/7/26
7/22/26	10-Q	period 6/30/26
7/21/26	8-K	period 7/21/26
7/14/26	8-K	period 7/14/26
4/22/26	10-Q	period 3/31/26
4/21/26	8-K	period 4/21/26
4/15/26	8-K	period 4/14/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/18/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/14/24) · 10-K FY2022 (filed 2/16/23) · 10-K FY2021 (filed 2/10/22) · 10-K FY2020 (filed 2/17/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/14/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.