← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
EQT's gas-cycle rebound produced much stronger earnings, margins, and free cash flow while debt came down.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +63.9% to $8.64BOK
- Profitability — Net income +784.4% to $2.04BOK
- Cash quality — FCF +395.0% to $2.84BOK
- Margins — Operating margin +2459 bps; net +1922 bpsOK
- Capital — Debt -16.3%; dividends +19.3%OK
- Insiders — 0 buys / 13 sellsWatch
- Accounting — Altman safe; no Beneish flagOK
- Balance sheet — Equity +15.3% to $23.75BOK
Business
EQT is a vertically integrated natural gas company focused on the Appalachian Basin, with upstream production plus gathering and transmission assets. At December 31, 2025, it had 28.0 Tcfe of proved reserves, about 2.3 million gross acres, and about 2,945 miles of pipeline infrastructure.
Where the revenue comes from
Fiscal 2025, as EQT Corp reports it. History and quarterly detail are in the app.
- Upstream$7.7B
- Gathering$1.3B
- Transmission$572.3M
Leadership changes
From EQT Corp's own filings, the day they're filed.
- Robert R. Wingo · President · departureeff. 2025-06-20
- Anita M. Powers · member · departureeff. 2025-02-07
- Lydia I. Beebe · member · departureeff. 2025-02-07
Latest filings
- 8-K · Company announcement2026-07-14
- 10-Q · Quarterly report2026-04-22
- 8-K · Company announcement2026-04-21
- 8-K · Company announcement2026-04-15
- 8-K · Company announcement2026-04-14
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about EQT Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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