EQT (EQT) Financials

$49.95 +0.30 (+0.60%)

As of 03:58 PM Eastern

Annual Income Statements for EQT

This table shows EQT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	85	-1,359	4,526	-2,245	-1,222	-959	-1,143	1,771	1,735	231
Consolidated Net Income / (Loss)	322	-131	1,858	-2,007	-1,222	-959	-1,142	1,781	1,735	242
Net Income / (Loss) Continuing Operations	322	-531	1,387	-2,381	-1,222	-959	-1,142	1,781	1,735	242
Total Pre-Tax Income	427	-894	199	-3,077	-1,597	-1,254	-1,570	2,335	2,103	264
Total Operating Income	563	-755	382	-2,783	-1,152	-878	-1,361	2,718	2,314	685
Total Gross Profit	1,886	333	1,745	2,679	2,510	1,193	897	5,082	4,513	2,981
Total Revenue	2,340	1,387	3,091	4,572	4,416	3,059	3,065	7,498	6,909	5,273
Operating Revenue	2,340	1,387	3,091	4,750	3,800	3,059	3,065	7,498	6,909	5,273
Total Cost of Revenue	453	1,054	1,346	1,893	1,907	1,866	2,167	2,415	2,396	2,293
Operating Cost of Revenue	453	1,054	1,346	1,893	1,907	1,866	2,167	2,415	2,396	2,293
Total Operating Expenses	1,323	1,088	1,363	5,448	3,662	2,070	2,258	2,364	2,198	2,295
Selling, General & Admin Expense	320	219	209	233	171	175	196	255	252	447
Exploration Expense	62	4.66	18	6.77	7.22	5.48	24	3.44	3.33	2.74
Depreciation Expense	819	856	971	1,569	1,539	1,393	1,677	1,666	1,732	2,162
Other Operating Expenses / (Income)	-	-	152	78	199	29	70	57	84	350
Impairment Charge	122	16	7.55	3,520	1,710	341	312	391	109	97
Other Special Charges / (Income)	0.00	-8.03	-	-	-	101	-21	-8.45	17	-764
Total Other Income / (Expense), net	-137	-139	-184	-294	-445	-376	-209	-383	-211	-421
Interest Expense	147	131	181	229	200	285	300	390	220	523
Interest & Investment Income	-	-	-	-72	-337	-314	72	-4.93	7.60	76
Other Income / (Expense), net	9.95	-8.08	-2.99	7.02	91	223	19	11	1.23	26
Income Tax Expense	105	-363	-1,188	-697	-376	-295	-428	554	369	22
Net Income / (Loss) Attributable to Noncontrolling Interest	237	322	350	237	0.00	-0.01	1.25	9.98	-0.69	12
Basic Earnings per Share	$0.56	($2.71)	$8.05	($8.60)	($4.79)	($3.68)	($3.54)	$4.79	$4.56	$0.45
Weighted Average Basic Shares Outstanding	152.40M	166.98M	187.38M	260.93M	255.14M	260.61M	323.20M	370.05M	380.90M	509.60M
Diluted Earnings per Share	$0.56	($2.71)	$8.04	($8.60)	($4.79)	($3.68)	($3.54)	$4.38	$4.22	$0.45
Weighted Average Diluted Shares Outstanding	152.94M	166.98M	187.73M	260.93M	255.14M	260.61M	323.20M	406.50M	413.22M	514.59M
Weighted Average Basic & Diluted Shares Outstanding	152.94M	166.98M	187.73M	260.93M	255.14M	260.61M	376.02M	360.36M	440.43M	597.44M
Cash Dividends to Common per Share	$0.12	$0.12	$0.12	$0.12	$0.12	$0.03	-	$0.55	$0.61	$0.63

This table shows EQT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	684	1,712	1,219	-67	81	502	103	9.52	-301	418
Consolidated Net Income / (Loss)	687	1,714	1,219	-67	81	501	103	9.24	-297	427
Net Income / (Loss) Continuing Operations	687	1,714	1,219	-67	81	501	103	9.24	-297	427
Total Pre-Tax Income	840	2,273	1,576	-79	-46	652	127	-35	-402	574
Total Operating Income	925	2,320	1,611	-35	16	723	183	2.97	-282	781
Total Gross Profit	1,447	2,897	2,098	441	568	1,406	765	307	749	1,160
Total Revenue	2,069	3,480	2,661	1,019	1,186	2,043	1,412	953	1,284	1,625
Operating Revenue	2,069	3,480	2,661	1,019	1,186	2,043	1,412	953	1,284	1,625
Total Cost of Revenue	623	583	563	578	618	637	648	645	535	465
Operating Cost of Revenue	623	583	563	578	618	637	648	645	535	465
Total Operating Expenses	522	577	487	476	553	683	582	304	1,031	378
Selling, General & Admin Expense	67	60	52	60	61	79	73	67	129	178
Exploration Expense	0.36	0.57	0.95	1.20	0.45	0.73	0.92	1.38	0.28	0.16
Depreciation Expense	419	396	388	396	447	502	487	466	589	620
Other Operating Expenses / (Income)	15	18	20	13	36	15	12	52	290	-4.47
Impairment Charge	20	108	11	5.33	6.42	87	9.21	38	12	38
Other Special Charges / (Income)	-0.27	-5.99	17	-0.23	1.51	-0.37	0.15	-320	10	-454
Total Other Income / (Expense), net	-85	-47	-35	-44	-62	-70	-55	-38	-120	-207
Interest Expense	88	57	40	45	62	73	58	58	159	249
Interest & Investment Income	2.88	9.40	4.76	1.09	-0.55	2.29	2.26	0.17	34	39
Other Income / (Expense), net	0.16	0.21	0.18	0.56	0.13	0.36	0.21	19	3.96	2.39
Income Tax Expense	152	559	357	-12	-127	151	24	-44	-105	147
Net Income / (Loss) Attributable to Noncontrolling Interest	3.79	1.86	0.69	-0.24	-0.53	-0.61	-0.43	-0.28	3.39	8.85
Basic Earnings per Share	$1.85	$4.58	$3.37	($0.18)	$0.21	$1.16	$0.24	$0.02	($0.54)	$0.73
Weighted Average Basic Shares Outstanding	369.99M	370.05M	361.46M	361.98M	383.36M	380.90M	439.46M	441.97M	559.60M	509.60M
Diluted Earnings per Share	$1.69	$4.55	$3.10	($0.18)	$0.20	$1.10	$0.23	$0.02	($0.54)	$0.74
Weighted Average Diluted Shares Outstanding	403.89M	406.50M	393.88M	361.98M	416.19M	413.22M	444.97M	444.92M	559.60M	514.59M
Weighted Average Basic & Diluted Shares Outstanding	367.05M	360.36M	361.64M	361.66M	411.33M	440.43M	441.59M	441.60M	596.68M	597.44M

This table details how cash moves in and out of EQT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	524	-423	-1,031	-144	1.11	14	96	1,345	-1,378	121
Net Cash From Operating Activities	1,217	1,064	1,638	2,976	1,852	1,538	1,662	3,466	3,179	2,827
Net Cash From Continuing Operating Activities	1,217	1,064	1,638	2,976	1,852	1,538	1,662	3,466	3,161	2,827
Net Income / (Loss) Continuing Operations	322	-131	1,858	-2,007	-1,222	-959	-1,142	1,781	1,735	242
Consolidated Net Income / (Loss)	322	-131	1,858	-2,007	-1,222	-959	-1,142	1,781	1,735	242
Depreciation Expense	819	928	1,078	1,730	1,539	1,393	1,677	1,666	1,732	2,162
Non-Cash Adjustments To Reconcile Net Income	-7.60	622	-248	3,806	1,754	1,090	1,921	-615	-1,074	690
Changes in Operating Assets and Liabilities, net	83	-355	-1,061	-630	-256	-13	-794	634	768	-267
Net Cash From Investing Activities	-2,526	-2,886	-4,202	-3,979	-1,601	-1,556	-2,073	-1,422	-4,314	-1,580
Net Cash From Continuing Investing Activities	-2,526	-2,886	-4,202	-3,979	-1,601	-1,556	-2,073	-1,422	-4,314	-1,580
Purchase of Property, Plant & Equipment	-2,434	-1,528	-1,559	-2,999	-1,602	-1,042	-1,055	-1,400	-2,019	-2,254
Acquisitions	0.00	-1,062	-2,919	-1,554	0.00	-692	-1,030	-207	-2,284	-1,022
Sale of Property, Plant & Equipment	0.00	75	3.57	583	0.00	126	2.45	8.57	4.20	1,696
Sale and/or Maturity of Investments	9.72	-	284	-	-	-	24	189	0.00	0.00
Other Investing Activities, net	-17	-1.37	-11	-9.78	1.31	-0.03	-14	-12	-15	-0.08
Net Cash From Financing Activities	1,832	1,399	1,533	859	-249	32	506	-699	-243	-1,126
Net Cash From Continuing Financing Activities	1,832	1,399	1,533	859	-249	32	506	-699	-243	-1,126
Repayment of Debt	-487	-1,053	-3,208	-9,003	-4,190	-6,027	-8,575	-11,307	-2,021	-11,835
Repurchase of Common Equity	-3.38	-0.03	-0.03	-0.03	0.00	0.00	-13	-409	-201	0.00
Payment of Dividends	-140	-210	-257	-587	-31	-7.66	7.50	-200	-236	-328
Issuance of Debt	617	1,240	5,063	11,138	3,979	5,718	9,086	11,242	2,257	7,637
Other Financing Activities, net	664	-21	-72	-689	-7.22	-	-	-25	-42	3,401

This table details how cash moves in and out of EQT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	44	1,371	669	-912	-1,151	16	567	-618	59	113
Net Cash From Operating Activities	1,150	1,064	1,663	437	455	624	1,156	322	593	756
Net Cash From Continuing Operating Activities	1,150	1,064	1,663	437	455	607	1,156	322	593	756
Net Income / (Loss) Continuing Operations	687	1,714	1,219	-67	81	501	103	9.24	-297	427
Consolidated Net Income / (Loss)	687	1,714	1,219	-67	81	501	103	9.24	-297	427
Depreciation Expense	419	396	388	396	447	502	487	466	589	620
Non-Cash Adjustments To Reconcile Net Income	-317	-2,037	-726	15	41	-403	337	-24	332	45
Changes in Operating Assets and Liabilities, net	361	991	782	94	-114	6.76	229	-129	-30	-336
Net Cash From Investing Activities	-509	-405	-498	-486	-2,790	-540	-567	-312	-1,283	582
Net Cash From Continuing Investing Activities	-509	-405	-498	-486	-2,790	-540	-567	-312	-1,283	582
Purchase of Property, Plant & Equipment	-363	-353	-495	-487	-504	-533	-534	-558	-569	-592
Acquisitions	-	-57	0.00	-	-2,293	9.23	-30	-208	-714	-70
Sale of Property, Plant & Equipment	-	3.18	-	-	4.83	-0.63	-	-	-1.96	1,244
Net Cash From Financing Activities	-597	712	-496	-863	1,185	-69	-21	-628	749	-1,226
Net Cash From Continuing Financing Activities	-597	712	-496	-863	1,185	-69	-21	-628	749	-1,226
Repayment of Debt	-4,515	-69	-241	-807	-277	-696	-902	-766	-2,327	-7,841
Payment of Dividends	-49	-56	-54	-56	-60	-66	-69	-70	-95	-94
Issuance of Debt	4,020	1,000	0.00	-	1,563	694	857	207	3,264	3,309
Other Financing Activities, net	-	-	0.00	-	-41	-0.54	93	-	-92	3,400

This table presents EQT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	13,976	15,473	29,523	20,721	18,809	18,113	21,607	22,670	25,285	39,830
Total Current Assets	2,251	1,828	1,163	1,970	1,755	1,215	2,287	4,014	2,013	1,715
Cash & Equivalents	1,601	1,104	26	3.49	4.60	18	114	1,459	81	202
Accounts Receivable	177	342	665	1,242	610	567	1,438	1,608	824	1,133
Prepaid Expenses	55	64	59	111	29	104	191	135	38	139
Current Deferred & Refundable Income Taxes	-	-	14	132	299	-	-	0.00	91	97
Other Current Assets	417	33	242	482	813	527	543	812	979	144
Plant, Property, & Equipment, net	11,472	13,162	19,730	17,393	16,155	16,054	18,419	18,167	22,950	31,748
Plant, Property & Equipment, gross	15,636	18,217	25,396	22,148	21,655	21,995	26,016	27,394	33,817	44,506
Accumulated Depreciation	4,164	5,055	5,666	4,756	5,500	5,941	7,597	9,227	10,867	12,758
Total Noncurrent Assets	253	482	8,630	1,359	899	844	902	488	322	6,368
Long-Term Investments	77	260	-	1,013	-	-	-	-	93	3,617
Goodwill	-	0.00	471	-	-	-	-	-	0.00	2,079
Intangible Assets	-	0.00	119	77	-	-	-	-	23	215
Other Noncurrent Operating Assets	176	223	251	269	899	844	902	488	207	456
Total Liabilities & Shareholders' Equity	13,976	15,473	29,523	20,721	18,809	18,113	21,607	22,670	25,285	39,830
Total Liabilities	5,948	6,354	11,108	9,763	9,006	8,851	11,636	11,457	10,504	15,552
Total Current Liabilities	796	805	1,232	2,355	1,346	1,762	5,186	3,732	2,037	2,462
Short-Term Debt	299	0.00	12	704	16	154	1,061	423	292	321
Accounts Payable	292	310	726	1,060	796	705	1,339	1,575	1,273	1,178
Other Current Liabilities	205	495	413	591	533	903	2,786	1,735	391	796
Other Current Nonoperating Liabilities	-	-	80	-	-	-	-	-	81	167
Total Noncurrent Liabilities	5,152	5,549	9,876	7,408	7,660	7,088	6,450	7,724	8,467	13,091
Long-Term Debt	2,793	3,289	5,985	4,793	5,172	4,671	4,436	5,168	5,420	9,003
Noncurrent Deferred & Payable Income Tax Liabilities	1,972	1,760	1,890	1,823	1,486	1,372	907	1,442	1,905	2,851
Other Noncurrent Operating Liabilities	387	500	753	792	1,002	1,045	1,107	1,114	1,142	1,236
Total Equity & Noncontrolling Interests	8,028	9,119	18,415	10,958	9,804	9,263	9,971	11,213	14,781	24,278
Total Preferred & Common Equity	5,078	5,860	13,320	10,958	9,804	9,255	9,955	11,172	14,773	20,598
Total Common Equity	5,078	5,860	13,320	10,958	9,804	9,255	9,955	11,172	14,773	20,598
Common Stock	2,153	3,440	9,389	7,829	7,818	8,242	10,072	9,892	12,094	18,015
Retained Earnings	2,982	2,509	3,997	3,184	2,023	1,048	-94	1,284	2,682	2,585
Accumulated Other Comprehensive Income / (Loss)	46	2.04	-2.46	-5.41	-5.20	-5.36	-4.61	-2.99	-2.68	-2.32
Noncontrolling Interest	2,950	3,259	5,095	-	0.00	7.49	16	41	7.62	3,681

This table presents EQT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	22,541	22,670	22,690	21,273	24,555	25,285	25,438	24,706	39,946	39,830
Total Current Assets	3,902	4,014	3,950	2,426	1,247	2,013	2,096	1,230	1,082	1,715
Cash & Equivalents	88	1,459	2,127	1,215	65	81	648	30	89	202
Accounts Receivable	1,939	1,608	628	475	559	824	445	587	578	1,133
Prepaid Expenses	409	135	216	51	45	38	94	99	71	139
Current Deferred & Refundable Income Taxes	-	0.00	-	-	-	91	91	90	93	97
Other Current Assets	1,467	812	978	684	578	979	818	424	252	144
Plant, Property, & Equipment, net	18,132	18,167	18,234	18,323	22,922	22,950	23,023	23,176	32,547	31,748
Plant, Property & Equipment, gross	26,979	27,394	27,832	28,300	33,314	33,817	34,361	34,954	44,885	44,506
Accumulated Depreciation	8,847	9,227	9,598	9,976	10,392	10,867	11,338	11,777	12,338	12,758
Total Noncurrent Assets	506	488	507	524	386	322	320	300	6,317	6,368
Long-Term Investments	-	-	-	-	-	93	-	-	3,358	3,617
Goodwill	-	-	-	-	-	0.00	-	-	2,178	2,079
Intangible Assets	-	-	-	-	-	23	-	-	268	215
Other Noncurrent Operating Assets	506	488	507	524	386	207	320	300	512	456
Total Liabilities & Shareholders' Equity	22,541	22,670	22,690	21,273	24,555	25,285	25,438	24,706	39,946	39,830
Total Liabilities	12,883	11,457	10,537	9,228	10,345	10,504	10,267	9,582	19,457	15,552
Total Current Liabilities	6,638	3,732	2,664	2,183	2,119	2,037	2,374	1,686	2,114	2,462
Short-Term Debt	422	423	413	414	415	292	607	6.39	400	321
Accounts Payable	1,678	1,575	1,153	1,050	1,160	1,273	1,125	1,198	1,042	1,178
Other Current Liabilities	4,538	1,735	1,098	719	545	391	642	481	481	796
Other Current Nonoperating Liabilities	-	-	-	-	-	81	-	-	190	167
Total Noncurrent Liabilities	6,245	7,724	7,872	7,046	8,226	8,467	7,893	7,896	17,343	13,091
Long-Term Debt	4,257	5,168	4,972	4,172	5,417	5,420	4,817	4,866	13,393	9,003
Noncurrent Deferred & Payable Income Tax Liabilities	893	1,442	1,880	1,878	1,751	1,905	1,928	1,882	2,746	2,851
Other Noncurrent Operating Liabilities	1,094	1,114	1,021	996	1,058	1,142	1,148	1,148	1,204	1,236
Total Equity & Noncontrolling Interests	9,659	11,213	12,154	12,045	14,210	14,781	15,171	15,125	20,488	24,278
Total Preferred & Common Equity	9,619	11,172	12,112	12,006	14,201	14,773	15,164	15,118	20,335	20,598
Total Common Equity	9,619	11,172	12,112	12,006	14,201	14,773	15,164	15,118	20,335	20,598
Common Stock	9,924	9,892	9,776	9,791	11,958	12,094	12,451	12,464	18,076	18,015
Retained Earnings	-300	1,284	2,339	2,218	2,246	2,682	2,716	2,656	2,261	2,585
Accumulated Other Comprehensive Income / (Loss)	-4.42	-2.99	-2.83	-2.78	-2.72	-2.68	-2.64	-2.60	-2.57	-2.32
Noncontrolling Interest	40	41	41	39	8.23	7.62	7.19	6.91	154	3,681

This table displays calculated financial ratios and metrics derived from EQT's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.26%	-40.72%	122.85%	47.90%	-3.40%	-30.74%	0.19%	144.65%	-7.85%	-23.67%
EBITDA Growth	-9.56%	-88.16%	790.52%	-166.02%	153.05%	48.73%	-56.20%	1,212.67%	-7.91%	-29.01%
EBIT Growth	-33.38%	-233.16%	149.70%	-832.05%	61.79%	38.25%	-104.89%	303.39%	-15.16%	-69.28%
NOPAT Growth	-29.29%	-224.37%	605.03%	-172.99%	58.60%	23.82%	-55.07%	317.63%	-7.95%	-67.09%
Net Income Growth	-16.82%	-140.72%	1,517.75%	-208.02%	39.13%	21.52%	-19.05%	256.02%	-2.61%	-86.04%
EPS Growth	-77.95%	-140.72%	1,517.75%	-206.97%	44.30%	23.17%	3.80%	223.73%	-3.65%	-89.34%
Operating Cash Flow Growth	-13.98%	-12.54%	53.87%	81.73%	-37.78%	-16.96%	8.11%	108.46%	-8.27%	-11.07%
Free Cash Flow Firm Growth	39.65%	-142.14%	-135.14%	108.78%	-193.02%	185.36%	-839.52%	193.10%	-251.15%	-183.49%
Invested Capital Growth	14.38%	13.95%	65.14%	-13.11%	-2.93%	-6.12%	9.12%	-0.06%	32.94%	46.81%
Revenue Q/Q Growth	-4.17%	-24.23%	28.79%	9.80%	3.82%	-17.91%	13,370.39%	-4.58%	-17.22%	-7.35%
EBITDA Q/Q Growth	2.42%	-81.39%	46.51%	-10.18%	-65.37%	194.65%	116.06%	-4.88%	-26.92%	6.65%
EBIT Q/Q Growth	1.40%	-4,474.96%	910.14%	-8.09%	-469.85%	70.81%	63.30%	-5.05%	-40.82%	9.34%
NOPAT Q/Q Growth	-23.40%	-1,633.98%	7,103.19%	-9.17%	-341.87%	64.69%	62.94%	-4.62%	-38.34%	8.53%
Net Income Q/Q Growth	10.76%	-53.22%	402.17%	-1,596.20%	-51.44%	43.84%	66.19%	-4.92%	-41.14%	-23.46%
EPS Q/Q Growth	-58.52%	-53.22%	402.17%	-183.01%	-79.40%	44.91%	62.58%	-17.36%	-44.98%	-44.44%
Operating Cash Flow Q/Q Growth	3.74%	-1.85%	8.60%	3.64%	-14.46%	13.95%	85.21%	-3.00%	-12.14%	4.89%
Free Cash Flow Firm Q/Q Growth	36.67%	-115.36%	-152.56%	102.88%	-104.93%	-64.32%	34.98%	-7.64%	-19.61%	14.78%
Invested Capital Q/Q Growth	0.26%	5.03%	48.07%	-34.08%	-6.62%	4.52%	7.14%	7.68%	2.12%	-3.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.63%	23.99%	56.45%	58.60%	56.83%	38.99%	29.28%	67.79%	65.32%	56.52%
EBITDA Margin	59.51%	11.88%	47.48%	-21.20%	11.64%	24.99%	10.93%	58.62%	58.59%	54.49%
Operating Margin	24.07%	-54.43%	12.37%	-60.88%	-26.09%	-28.69%	-44.41%	36.25%	33.50%	13.00%
EBIT Margin	24.49%	-55.02%	12.27%	-60.72%	-24.02%	-21.41%	-43.79%	36.40%	33.52%	13.49%
Profit (Net Income) Margin	13.76%	-9.45%	60.11%	-43.90%	-27.66%	-31.35%	-37.25%	23.75%	25.11%	4.59%
Tax Burden Percent	75.46%	14.66%	935.56%	65.22%	76.48%	76.45%	72.73%	76.28%	82.46%	91.64%
Interest Burden Percent	74.43%	117.19%	52.37%	110.85%	150.62%	191.49%	116.97%	85.54%	90.84%	37.14%
Effective Tax Rate	24.54%	0.00%	-598.36%	0.00%	0.00%	0.00%	0.00%	23.72%	17.54%	8.36%
Return on Invested Capital (ROIC)	4.80%	-5.23%	18.71%	-11.73%	-5.30%	-4.23%	-6.48%	13.51%	10.68%	2.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.45%	20.80%	-144.56%	-14.81%	-13.89%	-11.12%	-10.18%	7.36%	7.11%	-4.34%
Return on Net Nonoperating Assets (RNNOA)	-0.33%	3.70%	-5.22%	-1.93%	-6.47%	-5.83%	-5.39%	3.31%	2.67%	-1.25%
Return on Equity (ROE)	4.47%	-1.53%	13.50%	-13.67%	-11.77%	-10.06%	-11.87%	16.81%	13.35%	1.24%
Cash Return on Invested Capital (CROIC)	-8.61%	-18.27%	-30.43%	2.29%	-2.33%	2.08%	-15.20%	13.56%	-17.61%	-35.44%
Operating Return on Assets (OROA)	4.41%	-5.18%	1.69%	-11.05%	-5.37%	-3.55%	-6.76%	12.33%	9.66%	2.18%
Return on Assets (ROA)	2.47%	-0.89%	8.26%	-7.99%	-6.18%	-5.19%	-5.75%	8.04%	7.23%	0.74%
Return on Common Equity (ROCE)	3.00%	-0.98%	9.40%	-11.30%	-11.77%	-10.05%	-11.86%	16.77%	13.32%	1.12%
Return on Equity Simple (ROE_SIMPLE)	6.34%	-2.24%	13.95%	-18.32%	-12.46%	-10.36%	-11.47%	15.94%	11.74%	1.18%
Net Operating Profit after Tax (NOPAT)	425	-529	2,669	-1,948	-806	-614	-953	2,073	1,908	628
NOPAT Margin	18.16%	-38.10%	86.35%	-42.61%	-18.26%	-20.08%	-31.09%	27.65%	27.62%	11.91%
Net Nonoperating Expense Percent (NNEP)	6.25%	-26.03%	163.27%	3.08%	8.59%	6.90%	3.71%	6.15%	3.57%	6.84%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.34%	9.31%	1.87%
Cost of Revenue to Revenue	19.37%	76.01%	43.55%	41.40%	43.17%	61.01%	70.72%	32.21%	34.68%	43.48%
SG&A Expenses to Revenue	13.66%	15.79%	6.76%	5.09%	3.86%	5.71%	6.41%	3.40%	3.65%	8.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.56%	78.42%	44.09%	119.17%	82.92%	67.68%	73.68%	31.53%	31.82%	43.53%
Earnings before Interest and Taxes (EBIT)	573	-763	379	-2,776	-1,061	-655	-1,342	2,729	2,316	711
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,392	165	1,468	-969	514	765	335	4,395	4,048	2,874
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.46	1.81	0.69	0.76	0.27	0.34	0.79	1.07	1.05	1.33
Price to Tangible Book Value (P/TBV)	1.46	1.81	0.73	0.77	0.27	0.34	0.79	1.07	1.06	1.50
Price to Revenue (P/Rev)	3.18	7.63	2.99	1.83	0.60	1.01	2.57	1.60	2.25	5.20
Price to Earnings (P/E)	87.26	0.00	2.05	0.00	0.00	0.00	0.00	6.75	8.98	118.97
Dividend Yield	0.25%	0.20%	0.22%	0.44%	1.45%	0.99%	0.00%	1.69%	1.60%	1.37%
Earnings Yield	1.15%	0.00%	48.89%	0.00%	0.00%	0.00%	0.00%	14.81%	11.14%	0.84%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.44	1.14	0.83	0.52	0.56	0.86	1.05	1.04	1.22
Enterprise Value to Revenue (EV/Rev)	5.04	11.16	6.57	2.81	1.77	2.59	4.33	2.15	3.06	6.94
Enterprise Value to EBITDA (EV/EBITDA)	8.47	93.91	13.85	0.00	15.23	10.35	39.63	3.67	5.22	12.74
Enterprise Value to EBIT (EV/EBIT)	20.58	0.00	53.59	0.00	0.00	0.00	0.00	5.91	9.12	51.48
Enterprise Value to NOPAT (EV/NOPAT)	27.76	0.00	7.61	0.00	0.00	0.00	0.00	7.78	11.07	58.31
Enterprise Value to Operating Cash Flow (EV/OCF)	9.69	14.54	12.41	4.31	4.23	5.15	7.98	4.66	6.64	12.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	33.70	0.00	26.18	0.00	7.75	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.36	0.33	0.50	0.53	0.52	0.55	0.50	0.39	0.38
Long-Term Debt to Equity	0.35	0.36	0.33	0.44	0.53	0.50	0.44	0.46	0.37	0.37
Financial Leverage	0.23	0.18	0.04	0.13	0.47	0.52	0.53	0.45	0.38	0.29
Leverage Ratio	1.81	1.72	1.63	1.71	1.90	1.94	2.07	2.09	1.84	1.67
Compound Leverage Factor	1.34	2.01	0.86	1.90	2.87	3.71	2.42	1.79	1.68	0.62
Debt to Total Capital	27.81%	26.51%	24.57%	33.41%	34.61%	34.25%	35.54%	33.27%	27.88%	27.75%
Short-Term Debt to Total Capital	2.69%	0.00%	0.05%	4.28%	0.11%	1.09%	6.86%	2.52%	1.43%	0.95%
Long-Term Debt to Total Capital	25.12%	26.51%	24.52%	29.13%	34.50%	33.16%	28.68%	30.75%	26.45%	26.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	26.53%	26.26%	20.87%	0.00%	0.00%	0.05%	0.11%	0.24%	0.04%	10.95%
Common Equity to Total Capital	45.66%	47.23%	54.56%	66.59%	65.39%	65.69%	64.36%	66.49%	72.09%	61.30%
Debt to EBITDA	2.22	19.96	4.09	-5.67	10.09	6.31	16.42	1.27	1.41	3.24
Net Debt to EBITDA	1.02	9.95	4.07	-4.62	10.08	6.29	16.08	0.94	1.37	1.92
Long-Term Debt to EBITDA	2.01	19.96	4.08	-4.95	10.06	6.11	13.25	1.18	1.34	3.13
Debt to NOPAT	7.28	-6.22	2.25	-2.82	-6.43	-7.85	-5.77	2.70	2.99	14.85
Net Debt to NOPAT	3.33	-3.10	2.24	-2.30	-6.43	-7.83	-5.65	1.99	2.90	8.77
Long-Term Debt to NOPAT	6.57	-6.22	2.24	-2.46	-6.41	-7.60	-4.66	2.49	2.84	14.34
Altman Z-Score	1.48	1.23	0.83	0.48	0.40	0.30	0.18	1.45	1.61	1.32
Noncontrolling Interest Sharing Ratio	32.92%	36.21%	30.34%	17.35%	0.00%	0.04%	0.12%	0.27%	0.19%	9.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.83	2.27	0.94	0.84	1.30	0.69	0.44	1.08	0.99	0.70
Quick Ratio	2.23	2.15	0.56	0.53	0.46	0.33	0.30	0.82	0.44	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-762	-1,846	-4,340	381	-354	302	-2,236	2,082	-3,147	-8,921
Operating Cash Flow to CapEx	50.00%	73.27%	105.29%	123.21%	115.55%	167.84%	157.93%	248.99%	157.77%	507.00%
Free Cash Flow to Firm to Interest Expense	-5.20	-14.07	-24.03	1.66	-1.77	1.06	-7.47	5.34	-14.32	-17.05
Operating Cash Flow to Interest Expense	8.31	8.11	9.07	13.00	9.27	5.40	5.55	8.89	14.47	5.40
Operating Cash Flow Less CapEx to Interest Expense	-8.31	-2.96	0.46	2.45	1.25	2.18	2.04	5.32	5.30	4.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.09	0.14	0.18	0.22	0.17	0.15	0.34	0.29	0.16
Accounts Receivable Turnover	9.69	5.35	6.14	4.80	4.77	5.20	3.06	4.92	5.68	5.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.22	0.11	0.19	0.25	0.26	0.19	0.18	0.41	0.34	0.19
Accounts Payable Turnover	1.23	3.51	2.60	2.12	2.05	2.49	2.12	1.66	1.68	1.87
Days Sales Outstanding (DSO)	37.68	68.23	59.41	76.11	76.53	70.20	119.37	74.15	64.24	67.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	296.18	104.12	140.51	172.23	177.69	146.88	172.17	220.17	216.84	195.04
Cash Conversion Cycle (CCC)	-258.50	-35.89	-81.10	-96.13	-101.17	-76.68	-52.79	-146.02	-152.60	-127.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,442	10,759	17,768	15,439	14,987	14,070	15,354	15,345	20,401	29,950
Invested Capital Turnover	0.26	0.14	0.22	0.28	0.29	0.21	0.21	0.49	0.39	0.21
Increase / (Decrease) in Invested Capital	1,187	1,317	7,009	-2,329	-452	-917	1,284	-8.62	5,055	9,549
Enterprise Value (EV)	11,796	15,478	20,322	12,836	7,828	7,916	13,269	16,135	21,123	36,617
Market Capitalization	7,432	10,579	9,256	8,355	2,645	3,101	7,870	11,962	15,576	27,432
Book Value per Share	$33.29	$33.92	$76.84	$43.07	$38.35	$36.21	$26.34	$30.44	$35.92	$34.52
Tangible Book Value per Share	$33.29	$33.92	$73.44	$42.77	$38.35	$36.21	$26.34	$30.44	$35.86	$30.67
Total Capital	11,120	12,409	24,412	16,456	14,992	14,088	15,468	16,804	20,494	33,602
Total Debt	3,092	3,289	5,997	5,497	5,188	4,826	5,497	5,590	5,713	9,324
Total Long-Term Debt	2,793	3,289	5,985	4,793	5,172	4,671	4,436	5,168	5,420	9,003
Net Debt	1,414	1,640	5,971	4,481	5,183	4,807	5,383	4,132	5,539	5,505
Capital Expenditures (CapEx)	2,434	1,453	1,555	2,416	1,602	916	1,053	1,392	2,015	558
Debt-free, Cash-free Net Working Capital (DFCFNWC)	153	-366	-83	316	421	-411	-1,952	-754	188	-628
Debt-free Net Working Capital (DFNWC)	1,754	1,024	-57	319	425	-393	-1,839	705	269	-426
Net Working Capital (NWC)	1,455	1,024	-69	-385	409	-547	-2,899	282	-24	-747
Net Nonoperating Expense (NNE)	103	-397	811	59	415	344	189	292	174	386
Net Nonoperating Obligations (NNO)	1,414	1,640	-646	4,481	5,183	4,807	5,383	4,132	5,620	5,672
Total Depreciation and Amortization (D&A)	819	928	1,088	1,807	1,575	1,419	1,677	1,666	1,732	2,162
Debt-free, Cash-free Net Working Capital to Revenue	6.54%	-26.41%	-2.69%	6.90%	9.52%	-13.44%	-63.71%	-10.05%	2.72%	-11.91%
Debt-free Net Working Capital to Revenue	74.97%	73.80%	-1.84%	6.98%	9.63%	-12.84%	-59.99%	9.40%	3.89%	-8.08%
Net Working Capital to Revenue	62.19%	73.80%	-2.24%	-8.43%	9.26%	-17.88%	-94.61%	3.76%	-0.35%	-14.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	($1.47)	$4.36	($8.60)	($4.79)	($3.71)	($3.58)	$4.79	$4.56	$0.45
Adjusted Weighted Average Basic Shares Outstanding	281.40M	308.32M	345.99M	260.93M	255.14M	278.85M	323.20M	370.05M	380.90M	509.60M
Adjusted Diluted Earnings per Share	$0.30	($1.47)	$4.35	($8.60)	($4.79)	($3.71)	($3.58)	$4.38	$4.22	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	282.40M	308.32M	346.63M	260.93M	255.14M	278.85M	323.20M	406.50M	413.22M	514.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($3.71)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	281.71M	319.14M	488.34M	254.76M	255.45M	260.61M	376.02M	360.36M	440.43M	597.44M
Normalized Net Operating Profit after Tax (NOPAT)	517	-523	273	516	391	-305	-749	2,365	2,013	17
Normalized NOPAT Margin	22.11%	-37.72%	8.83%	11.29%	8.84%	-9.97%	-24.45%	31.54%	29.14%	0.32%
Pre Tax Income Margin	18.23%	-64.47%	6.43%	-67.31%	-36.17%	-41.00%	-51.21%	31.14%	30.45%	5.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.91	-5.82	2.10	-12.13	-5.31	-2.30	-4.48	7.00	10.54	1.36
NOPAT to Interest Expense	2.90	-4.03	14.78	-8.51	-4.04	-2.16	-3.18	5.32	8.69	1.20
EBIT Less CapEx to Interest Expense	-12.70	-16.89	-6.51	-22.68	-13.33	-5.52	-7.99	3.43	1.37	0.29
NOPAT Less CapEx to Interest Expense	-13.71	-15.10	6.17	-19.06	-12.05	-5.38	-6.70	1.75	-0.48	0.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.52%	-160.33%	13.83%	-29.25%	-2.51%	-0.80%	0.66%	11.24%	13.59%	135.56%
Augmented Payout Ratio	44.56%	-160.36%	13.83%	-29.25%	-2.51%	-0.80%	-0.48%	34.24%	25.18%	135.56%

This table displays calculated financial ratios and metrics derived from EQT's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	241.28%	-9.37%	559.51%	-59.69%	-42.69%	-41.29%	-46.93%	-6.50%	8.24%	-20.47%
EBITDA Growth	162.13%	-7.67%	236.66%	-79.91%	-65.55%	-54.90%	-66.50%	35.19%	-32.71%	14.63%
EBIT Growth	135.50%	-5.89%	185.48%	-102.51%	-98.28%	-68.83%	-88.65%	165.06%	-1,843.40%	8.40%
NOPAT Growth	141.44%	-5.46%	194.29%	-102.42%	-98.54%	-68.25%	-88.14%	108.49%	-1,883.01%	4.69%
Net Income Growth	134.79%	-5.10%	180.50%	-107.48%	-88.26%	-70.74%	-91.55%	113.82%	-468.43%	-14.80%
EPS Growth	130.51%	-16.82%	176.54%	-108.22%	-88.17%	-75.82%	-92.58%	111.11%	-370.00%	-32.73%
Operating Cash Flow Growth	2,290.70%	-9.15%	62.82%	89.70%	-60.48%	-41.31%	-30.50%	-26.32%	30.45%	21.12%
Free Cash Flow Firm Growth	131.07%	210.26%	-78.34%	-473.23%	-782.52%	-355.99%	-330.93%	-215.25%	-96.75%	-99.29%
Invested Capital Growth	-0.56%	-0.06%	17.23%	10.14%	40.18%	32.94%	29.44%	29.53%	55.30%	46.81%
Revenue Q/Q Growth	-18.12%	68.15%	-23.53%	-61.72%	16.43%	72.24%	-30.87%	-32.55%	34.78%	26.56%
EBITDA Q/Q Growth	-25.30%	102.17%	-26.41%	-81.93%	28.12%	164.67%	-45.33%	-27.07%	-36.23%	350.89%
EBIT Q/Q Growth	-32.46%	150.88%	-30.56%	-102.14%	146.29%	4,436.54%	-74.70%	-87.75%	-1,340.43%	382.08%
NOPAT Q/Q Growth	-25.26%	131.08%	-28.75%	-101.97%	145.17%	4,920.13%	-73.38%	-98.59%	-9,586.37%	394.77%
Net Income Q/Q Growth	-23.12%	149.30%	-28.86%	-105.48%	220.73%	521.14%	-79.45%	-91.04%	-3,319.31%	243.64%
EPS Q/Q Growth	-22.83%	169.23%	-31.87%	-105.81%	211.11%	450.00%	-79.09%	-91.30%	-2,800.00%	237.04%
Operating Cash Flow Q/Q Growth	399.14%	-7.51%	56.30%	-73.71%	4.00%	37.35%	85.09%	-72.13%	84.13%	27.54%
Free Cash Flow Firm Q/Q Growth	116.56%	109.92%	-157.93%	-41.72%	-296.02%	21.27%	2.74%	-3.68%	-147.15%	20.25%
Invested Capital Q/Q Growth	1.81%	7.68%	0.43%	0.03%	29.59%	2.12%	-2.28%	0.10%	55.37%	-3.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.90%	83.24%	78.85%	43.24%	47.93%	68.80%	54.15%	32.26%	58.35%	71.37%
EBITDA Margin	64.92%	78.05%	75.11%	35.46%	39.02%	59.96%	47.42%	51.27%	24.26%	86.42%
Operating Margin	44.68%	66.66%	60.54%	-3.43%	1.33%	35.38%	12.94%	0.31%	-21.95%	48.10%
EBIT Margin	44.69%	66.67%	60.54%	-3.38%	1.34%	35.39%	12.95%	2.35%	-21.65%	48.24%
Profit (Net Income) Margin	33.22%	49.25%	45.82%	-6.56%	6.81%	24.54%	7.30%	0.97%	-23.17%	26.30%
Tax Burden Percent	81.87%	75.41%	77.37%	84.98%	-175.03%	76.86%	80.92%	-26.41%	73.93%	74.42%
Interest Burden Percent	90.80%	97.97%	97.82%	228.53%	-289.37%	90.23%	69.63%	-156.16%	144.78%	73.24%
Effective Tax Rate	18.13%	24.59%	22.63%	0.00%	0.00%	23.14%	19.08%	0.00%	0.00%	25.58%
Return on Invested Capital (ROIC)	20.11%	24.55%	35.22%	-1.51%	0.45%	10.51%	3.35%	0.07%	-3.43%	7.50%
ROIC Less NNEP Spread (ROIC-NNEP)	18.81%	23.81%	34.56%	-2.53%	1.80%	9.40%	2.24%	0.24%	-4.66%	4.76%
Return on Net Nonoperating Assets (RNNOA)	11.19%	10.69%	13.92%	-0.99%	0.78%	3.53%	0.66%	0.07%	-2.19%	1.38%
Return on Equity (ROE)	31.31%	35.25%	49.14%	-2.50%	1.24%	14.04%	4.01%	0.14%	-5.62%	8.87%
Cash Return on Invested Capital (CROIC)	15.77%	13.56%	17.51%	15.62%	-15.37%	-17.61%	-20.93%	-20.54%	-41.05%	-35.44%
Operating Return on Assets (OROA)	15.42%	22.58%	29.21%	-1.42%	0.48%	10.20%	3.05%	0.57%	-3.82%	7.81%
Return on Assets (ROA)	11.46%	16.68%	22.11%	-2.76%	2.41%	7.07%	1.72%	0.24%	-4.09%	4.26%
Return on Common Equity (ROCE)	31.22%	35.15%	48.99%	-2.49%	1.23%	14.01%	4.00%	0.14%	-5.59%	8.04%
Return on Equity Simple (ROE_SIMPLE)	19.47%	0.00%	37.27%	29.60%	20.75%	0.00%	4.08%	4.59%	1.56%	0.00%
Net Operating Profit after Tax (NOPAT)	757	1,749	1,246	-24	11	555	148	2.08	-197	582
NOPAT Margin	36.58%	50.27%	46.84%	-2.40%	0.93%	27.19%	10.47%	0.22%	-15.37%	35.79%
Net Nonoperating Expense Percent (NNEP)	1.30%	0.74%	0.66%	1.02%	-1.35%	1.11%	1.12%	-0.17%	1.23%	2.73%
Return On Investment Capital (ROIC_SIMPLE)	-	10.41%	-	-	-	2.71%	-	-	-	1.73%
Cost of Revenue to Revenue	30.10%	16.76%	21.15%	56.76%	52.07%	31.20%	45.85%	67.74%	41.65%	28.63%
SG&A Expenses to Revenue	3.25%	1.71%	1.95%	5.91%	5.16%	3.85%	5.17%	7.06%	10.05%	10.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.22%	16.58%	18.31%	46.68%	46.59%	33.42%	41.21%	31.95%	80.30%	23.27%
Earnings before Interest and Taxes (EBIT)	925	2,320	1,611	-34	16	723	183	22	-278	784
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,343	2,716	1,999	361	463	1,225	670	488	311	1,404
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.07	0.93	1.21	1.02	1.05	1.00	1.07	0.80	1.33
Price to Tangible Book Value (P/TBV)	1.52	1.07	0.93	1.21	1.02	1.06	1.00	1.07	0.90	1.50
Price to Revenue (P/Rev)	1.86	1.60	1.04	1.58	1.73	2.25	2.67	2.90	2.84	5.20
Price to Earnings (P/E)	7.82	6.75	2.49	4.11	4.90	8.98	24.37	23.33	51.49	118.97
Dividend Yield	1.02%	1.69%	1.85%	1.49%	1.50%	1.60%	1.67%	1.69%	1.72%	1.37%
Earnings Yield	12.79%	14.81%	40.19%	24.35%	20.42%	11.14%	4.10%	4.29%	1.94%	0.84%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.05	0.94	1.17	1.01	1.04	1.00	1.06	0.86	1.22
Enterprise Value to Revenue (EV/Rev)	2.44	2.15	1.35	1.95	2.42	3.06	3.52	3.77	4.69	6.94
Enterprise Value to EBITDA (EV/EBITDA)	4.16	3.67	1.85	2.80	3.65	5.22	7.32	7.41	9.90	12.74
Enterprise Value to EBIT (EV/EBIT)	6.68	5.91	2.33	3.73	5.16	9.12	22.42	22.34	41.01	51.48
Enterprise Value to NOPAT (EV/NOPAT)	8.84	7.78	3.05	4.84	6.53	11.07	23.78	22.96	46.11	58.31
Enterprise Value to Operating Cash Flow (EV/OCF)	5.38	4.66	3.53	4.17	5.58	6.64	7.45	8.25	9.90	12.95
Enterprise Value to Free Cash Flow (EV/FCFF)	8.52	7.75	5.80	7.83	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.50	0.44	0.38	0.41	0.39	0.36	0.32	0.67	0.38
Long-Term Debt to Equity	0.44	0.46	0.41	0.35	0.38	0.37	0.32	0.32	0.65	0.37
Financial Leverage	0.60	0.45	0.40	0.39	0.43	0.38	0.29	0.30	0.47	0.29
Leverage Ratio	2.54	2.09	2.19	2.08	1.97	1.84	1.76	1.69	1.86	1.67
Compound Leverage Factor	2.31	2.05	2.14	4.75	-5.71	1.66	1.23	-2.64	2.69	1.22
Debt to Total Capital	32.64%	33.27%	30.70%	27.58%	29.10%	27.88%	26.34%	24.37%	40.24%	27.75%
Short-Term Debt to Total Capital	2.94%	2.52%	2.36%	2.49%	2.07%	1.43%	2.95%	0.03%	1.17%	0.95%
Long-Term Debt to Total Capital	29.69%	30.75%	28.35%	25.09%	27.03%	26.45%	23.39%	24.33%	39.07%	26.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.28%	0.24%	0.24%	0.24%	0.04%	0.04%	0.03%	0.03%	0.45%	10.95%
Common Equity to Total Capital	67.09%	66.49%	69.06%	72.19%	70.86%	72.09%	73.63%	75.60%	59.32%	61.30%
Debt to EBITDA	1.01	1.27	0.69	0.71	1.05	1.41	2.00	1.71	5.12	3.24
Net Debt to EBITDA	0.99	0.94	0.41	0.53	1.04	1.37	1.76	1.70	3.84	1.92
Long-Term Debt to EBITDA	0.92	1.18	0.63	0.65	0.98	1.34	1.77	1.71	4.97	3.13
Debt to NOPAT	2.15	2.70	1.13	1.23	1.88	2.99	6.48	5.30	23.84	14.85
Net Debt to NOPAT	2.11	1.99	0.68	0.91	1.86	2.90	5.71	5.27	17.88	8.77
Long-Term Debt to NOPAT	1.96	2.49	1.04	1.12	1.75	2.84	5.76	5.30	23.15	14.34
Altman Z-Score	1.00	1.39	1.56	1.54	1.26	1.40	1.27	1.38	0.67	1.32
Noncontrolling Interest Sharing Ratio	0.28%	0.27%	0.29%	0.32%	0.20%	0.19%	0.18%	0.17%	0.47%	9.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.59	1.08	1.48	1.11	0.59	0.99	0.88	0.73	0.51	0.70
Quick Ratio	0.31	0.82	1.03	0.77	0.29	0.44	0.46	0.37	0.32	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	837	1,758	-1,018	-1,443	-5,715	-4,500	-4,388	-4,550	-11,245	-8,968
Operating Cash Flow to CapEx	317.27%	304.13%	336.06%	89.75%	91.05%	116.98%	216.23%	57.70%	103.77%	0.00%
Free Cash Flow to Firm to Interest Expense	9.52	31.07	-25.50	-31.83	-92.91	-61.69	-75.90	-79.05	-70.87	-36.00
Operating Cash Flow to Interest Expense	13.08	18.80	41.63	9.64	7.39	8.56	19.99	5.60	3.74	3.04
Operating Cash Flow Less CapEx to Interest Expense	8.96	12.62	29.24	-1.10	-0.73	1.24	10.74	-4.10	0.14	5.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.34	0.48	0.42	0.35	0.29	0.24	0.24	0.18	0.16
Accounts Receivable Turnover	5.12	4.92	11.67	7.28	6.68	5.68	10.55	10.53	10.01	5.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.43	0.41	0.59	0.51	0.41	0.34	0.27	0.27	0.21	0.19
Accounts Payable Turnover	1.71	1.66	1.86	1.71	1.65	1.68	2.19	2.28	2.25	1.87
Days Sales Outstanding (DSO)	71.33	74.15	31.28	50.11	54.63	64.24	34.61	34.65	36.46	67.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	213.80	220.17	195.90	213.61	220.90	216.84	166.54	160.04	162.01	195.04
Cash Conversion Cycle (CCC)	-142.47	-146.02	-164.62	-163.50	-166.28	-152.60	-131.93	-125.39	-125.56	-127.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,250	15,345	15,411	15,416	19,977	20,401	19,947	19,968	31,025	29,950
Invested Capital Turnover	0.55	0.49	0.75	0.63	0.49	0.39	0.32	0.32	0.22	0.21
Increase / (Decrease) in Invested Capital	-80	-8.62	2,265	1,419	5,726	5,055	4,536	4,552	11,048	9,549
Enterprise Value (EV)	19,209	16,135	14,509	17,978	20,200	21,123	19,895	21,096	26,680	36,617
Market Capitalization	14,578	11,962	11,210	14,568	14,425	15,576	15,112	16,247	16,180	27,432
Book Value per Share	$26.00	$30.44	$33.61	$33.20	$39.27	$35.92	$34.51	$34.23	$46.05	$34.52
Tangible Book Value per Share	$26.00	$30.44	$33.61	$33.20	$39.27	$35.86	$34.51	$34.23	$40.51	$30.67
Total Capital	14,338	16,804	17,538	16,631	20,042	20,494	20,596	19,998	34,282	33,602
Total Debt	4,679	5,590	5,385	4,586	5,832	5,713	5,424	4,873	13,794	9,324
Total Long-Term Debt	4,257	5,168	4,972	4,172	5,417	5,420	4,817	4,866	13,393	9,003
Net Debt	4,592	4,132	3,258	3,371	5,767	5,539	4,776	4,843	10,346	5,505
Capital Expenditures (CapEx)	363	350	495	487	499	534	534	558	571	-653
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,401	-754	-429	-559	-522	188	-319	-479	-720	-628
Debt-free Net Working Capital (DFNWC)	-2,313	705	1,698	657	-457	269	329	-449	-632	-426
Net Working Capital (NWC)	-2,735	282	1,285	243	-872	-24	-278	-456	-1,032	-747
Net Nonoperating Expense (NNE)	70	35	27	42	-70	54	45	-7.16	100	154
Net Nonoperating Obligations (NNO)	4,592	4,132	3,258	3,371	5,767	5,620	4,776	4,843	10,536	5,672
Total Depreciation and Amortization (D&A)	419	396	388	396	447	502	487	466	589	620
Debt-free, Cash-free Net Working Capital to Revenue	-30.56%	-10.05%	-3.99%	-6.06%	-6.25%	2.72%	-5.63%	-8.57%	-12.66%	-11.91%
Debt-free Net Working Capital to Revenue	-29.44%	9.40%	15.82%	7.12%	-5.48%	3.89%	5.81%	-8.03%	-11.10%	-8.08%
Net Working Capital to Revenue	-34.81%	3.76%	11.97%	2.63%	-10.44%	-0.35%	-4.91%	-8.15%	-18.13%	-14.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.85	$4.58	$3.37	($0.18)	$0.21	$1.16	$0.24	$0.02	($0.54)	$0.73
Adjusted Weighted Average Basic Shares Outstanding	369.99M	370.05M	361.46M	361.98M	383.36M	380.90M	439.46M	441.97M	559.60M	509.60M
Adjusted Diluted Earnings per Share	$1.69	$4.55	$3.10	($0.18)	$0.20	$1.10	$0.23	$0.02	($0.54)	$0.74
Adjusted Weighted Average Diluted Shares Outstanding	403.89M	406.50M	393.88M	361.98M	416.19M	413.22M	444.97M	444.92M	559.60M	514.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	367.05M	360.36M	361.64M	361.66M	411.33M	440.43M	441.59M	441.60M	596.68M	597.44M
Normalized Net Operating Profit after Tax (NOPAT)	774	1,826	1,267	-21	17	622	155	-196	-182	272
Normalized NOPAT Margin	37.38%	52.49%	47.62%	-2.05%	1.40%	30.45%	11.01%	-20.54%	-14.16%	16.75%
Pre Tax Income Margin	40.57%	65.31%	59.22%	-7.72%	-3.89%	31.93%	9.02%	-3.67%	-31.34%	35.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.51	41.01	40.34	-0.76	0.26	9.91	3.16	0.39	-1.75	3.15
NOPAT to Interest Expense	8.61	30.92	31.20	-0.54	0.18	7.62	2.56	0.04	-1.24	2.33
EBIT Less CapEx to Interest Expense	6.39	34.83	27.95	-11.50	-7.86	2.60	-6.08	-9.31	-5.35	5.77
NOPAT Less CapEx to Interest Expense	4.49	24.74	18.82	-11.28	-7.94	0.30	-6.69	-9.66	-4.85	4.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.53%	11.24%	4.58%	6.03%	7.65%	13.59%	40.58%	38.05%	94.85%	135.56%
Augmented Payout Ratio	22.65%	34.24%	13.31%	17.12%	19.19%	25.18%	40.58%	38.05%	94.85%	135.56%

Frequently Asked Questions About EQT's Financials

When does EQT's fiscal year end?

According to the most recent income statement we have on file, EQT's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has EQT's net income changed over the last 9 years?

EQT's net income appears to be on an upward trend, with a most recent value of $242.12 million in 2024, falling from $321.89 million in 2015. The previous period was $1.73 billion in 2023.

What is EQT's operating income?

EQT's total operating income in 2024 was $685.30 million, based on the following breakdown:

Total Gross Profit: $2.98 billion
Total Operating Expenses: $2.30 billion

How has EQT revenue changed over the last 9 years?

Over the last 9 years, EQT's total revenue changed from $2.34 billion in 2015 to $5.27 billion in 2024, a change of 125.4%.

How much debt does EQT have?

EQT's total liabilities were at $15.55 billion at the end of 2024, a 48.1% increase from 2023, and a 161.5% increase since 2015.

How much cash does EQT have?

In the past 9 years, EQT's cash and equivalents has ranged from $3.49 million in 2018 to $1.60 billion in 2015, and is currently $202.09 million as of their latest financial filing in 2024.

How has EQT's book value per share changed over the last 9 years?

Over the last 9 years, EQT's book value per share changed from 33.29 in 2015 to 34.52 in 2024, a change of 3.7%.

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This page (NYSE:EQT) was last updated on 4/14/2025 by MarketBeat.com Staff

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EQT (EQT) Financials

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EQT (EQT) Financials

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