EQT Corporation
EQT Energy Oil & Gas E&P
EQT Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, up 63.9% from fiscal 2024. In the quarter to June 2026, revenue fell 29.2%, EPS fell 74.1%, free cash flow fell 42.5% and total debt fell 32.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
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EQT Corporation (EQT) Operating margin
EQT Corporation's operating margin over the twelve months to 30 June 2026 was 42.5%, up 4.9 percentage points from fiscal 2025 (37.6%). Over the past ten years it has ranged from −61.1% (fiscal 2018) to 37.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas E&P industry median of 21.4% and above the Energy sector median of 14.5%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 37.6% | 24.59 |
| FY2024 | 13.0% | (20.50) |
| FY2023 | 33.5% | (2.75) |
| FY2022 | 36.3% | 80.66 |
| FY2021 | −44.4% | (15.72) |
| FY2020 | −28.7% | (2.60) |
| FY2019 | −26.1% | 34.97 |
| FY2018 | −61.1% | (73.43) |
| FY2017 | 12.4% | 66.80 |
| FY2016 | −54.4% | (78.50) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 21.8% | (38.49) |
| Mar 2026 | 60.3% | 17.71 |
| Dec 2025 | 42.6% | 11.75 |
| Sep 2025 | 30.8% | (13.54) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TPL Texas Pacific Land Corporation compare | 74.9% |
| EQT EQT Corporation | 42.5% |
| APA APA Corporation compare | 36.1% |
| PR Permian Resources Corporation compare | 35.8% |
| OXY Occidental Petroleum Corporation compare | 29.3% |
| EXE Expand Energy Corporation compare | 26.9% |
| DVN Devon Energy Corporation compare | 21.4% |
| FANG Diamondback Energy, Inc. compare | 6.33% |
| WDS Woodside Energy Group Ltd compare | 0.00% |
| Oil & Gas E&P industry median | 21.4% |
| Energy sector median | 14.5% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on EQT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement