Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Appalachian natural gas producer with integrated gathering and midstream exposure.
Sector: United States — oil & gas exploration & production
US_EP_EQT
No intraday sparkline from the default exchange feed; Yahoo or day change may still appear below when available.
No price chart.
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: sec_companyfacts/33213
| Period | Issues |
|---|---|
| 2023-09-30 Q3 | ⚠Warn 3 |
| 2023-12-31 FY | ⚠Warn 1 |
| 2024-03-31 Q1 | ⚠Warn 1 |
| 2024-06-30 Q2 | ✗Errors 1Warn 3 |
| 2024-09-30 Q3 | ✗Errors 2Warn 1 |
| 2024-12-31 FY | ⚠Warn 1 |
| 2025-03-31 Q1 | ⚠Warn 1 |
| 2025-06-30 Q2 | ⚠Warn 1 |
| 2025-09-30 Q3 | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 1 |
| 2026-03-31 Q1 | ⚠Warn 3 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 3378.7 y/y 94.2% | 2036.0 y/y 310.3% | 654.8 y/y 5.5% | 2690.8 y/y 140.9% | 1487.2 y/y 514.2% | 3055.0 | -842.4 | 41692.3 y/y 5.0% | 25118.8 y/y 21.2% | 24.3% | 5665.8 | Link |
| 2025-12-31 | FY 2025 (12M) | OK | 2388.1 y/y 47.0% | 1016.1 y/y 30.0% | 667.8 y/y — | 1683.9 y/y -9.8% | 677.1 y/y 61.8% | 1125.4 | -621.0 | 41792.9 y/y 4.9% | 23752.7 y/y 15.3% | 8.7% | 7747.7 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 1958.6 y/y 52.6% | 603.2 y/y 314.0% | 688.4 y/y 16.8% | 1291.6 y/y 320.1% | 335.9 y/y 211.6% | 1017.7 | -1025.9 | 41195.3 y/y 3.1% | 23151.6 y/y 13.9% | 2.0% | 7982.1 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 2557.7 y/y 168.5% | 1134.0 y/y — | 623.5 y/y — | 1757.5 y/y — | 784.1 y/y 8139.4% | 1241.7 | -664.0 | 39666.7 y/y 60.6% | 21423.3 y/y 41.7% | 14.9% | 7759.5 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 1739.8 y/y 23.2% | 496.2 y/y 171.6% | 620.8 y/y 27.5% | 1117.0 y/y 66.9% | 242.1 y/y 134.0% | 1741.2 | -534.0 | 39703.4 y/y 56.1% | 20717.9 y/y 36.6% | 4.7% | 8111.0 | Link |
| 2024-12-31 | FY 2024 (12M) | OK | 1624.7 y/y — | 781.4 y/y — | — y/y 24.8% | 1867.7 y/y — | 418.4 y/y — | 756.3 | 582.4 | 39830.3 y/y 57.5% | 20597.6 y/y 39.4% | 1.1% | 9164.0 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 1283.8 y/y 8.2% | -281.8 y/y -1883.0% | 589.3 y/y — | 307.5 y/y 1845.1% | -300.8 y/y -470.2% | 593.0 | -1283.1 | 39945.6 y/y 62.7% | 20334.8 y/y 43.2% | -2.3% | 13704.6 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 952.5 y/y — | 3.0 y/y — | — y/y — | 3.0 y/y — | 9.5 y/y — | 322.0 | -312.1 | 24706.5 y/y — | 15117.8 y/y — | 0.3% | 4921.8 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 1412.3 y/y — | 182.7 y/y — | 486.8 y/y — | 669.5 y/y — | 103.5 y/y — | 1155.7 | -567.2 | 25438.3 y/y — | 15164.2 y/y — | 2.8% | 4856.7 | Link |
| 2023-12-31 | FY 2023 (12M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | 624.4 | — | 25285.1 y/y — | 14773.2 y/y — | 12.0% | 5760.5 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 1186.1 y/y — | 15.8 y/y — | 0.0 y/y — | 15.8 y/y — | 81.3 y/y — | 454.6 | -2790.3 | 24555.0 y/y — | 14201.3 y/y — | — | 5851.1 | Link |
Physical operating metrics — supplementary, not part of the financial statements
Oil and Gas E and P
| Year | Reserves, mln cfe |
|---|---|
| 2024 | 26 265 000 |
| 2023 | 27 597 000 |
| 2022 | 25 003 000 |
| 2021 | 24 962 000 |
| 2020 | 19 802 000 |
| Year | Production, mln cfe | per day |
|---|---|---|
| 2026 | 617 699 * | 1 692 326 027 |
| 2025 | 2 395 008 | 6 561 665 753 |
| 2024 | 2 233 906 | 6 120 290 411 |
| 2023 | 2 026 517 | 5 552 101 370 |
| 2022 | 1 958 438 | 5 365 583 562 |
| 2021 | 1 862 417 | 5 102 512 329 |
| 2020 | 767 075 * | 2 101 575 342 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Current 5.3x · 3-year average 10.9x
FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.
Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.
Reserves life (R/P): 11.8 yr
| FY end | Crude oil equivalent (net, Mboe/d) | Proved reserves (net, MMboe) | Proved developed (net, MMboe) | Proved undeveloped (net, MMboe) |
|---|---|---|---|---|
| 2024-12-31 | 1,017.4 | 4,377.4 | — | — |
| 2023-12-31 | 920.5 | 4,599.4 | — | — |
Model: apply spot-vs-LTM commodity price moves to LTM revenue mix (oil/gas/NGL). Purchased products scale with revenue; remaining cash expenses inflate (PPI proxy). Fair value: EBITDA at trailing ~3y average commodity prices, conservative used EBITDA (average of spot and 3y-avg when spot is higher), × 3y average EV/EBITDA − net debt.
| Line item | Value |
|---|---|
| 1 · Reported baseline LTM or latest FY revenue/EBITDA and revenue mix. | |
| LTM revenue (last 4 quarters) | 9 635 USDm |
| LTM EBITDA (last 4 quarters) | 6 857 USDm |
| Baseline cash costs (revenue − EBITDA) | 2 778 USDm |
| Revenue mix: oil / gas / NGL / other | 1.1% / 90.8% / 8.0% / 0.0% |
| · Crude oil | 88 USDm (1.1% of implied) |
| · Natural gas | 7 007 USDm (90.8% of implied) |
| · NGLs | 620 USDm (8.0% of implied) |
| 2 · Commodity prices Spot move = last ÷ LTM average. 3y-avg-price EBITDA uses trailing ~3y mean ÷ LTM average. | |
| Oil — spot & 3y avg vs LTM | spot 95.96 · LTM avg 72.44 · 3y avg — → spot move +32.5% |
| Gas — spot & 3y avg vs LTM | spot 3.15 · LTM avg 3.41 · 3y avg — → spot move -7.6% |
| NGL — spot & 3y avg vs LTM | spot 5 862.50 · LTM avg 4 970.46 · 3y avg — → spot move +17.9% |
| 3 · Cash cost model Purchased products scale with revenue; other costs inflate. | |
| Purchased products / revenue | 0.0% |
| PPI inflation multiplier (12m) | 1.055 |
| → Projected purchased cost (at spot revenue) | 0 USDm |
| → Projected other cash cost (inflated) | 2 931 USDm |
| 4 · Spot forward P&L Headline spot cards use §4. | |
| = Projected spot revenue | 9 141 USDm |
| = Spot EBITDA | 6 210 USDm |
| = EBITDA at 3y avg commodity prices | 5 654 USDm |
| 5 · Valuation vs spot Current EV vs spot EBITDA. | |
| Enterprise value (current) | — |
| EV ÷ Spot EBITDA | — |
| 6 · Fair value & upside Conservative used EBITDA × 3y average EV/EBITDA → fair market cap. | |
| EBITDA at 3y avg commodity prices | 5 654 USDm |
| = Conservative used EBITDA | 5 932 USDm |
| Fair market cap (3y avg EV/EBITDA × used EBITDA − net debt) | — |
Flow: baseline → commodity prices → expense model → spot P&L → fair value (used EBITDA × 3y avg EV/EBITDA − net debt). Hover for formulas.
| Line item | Amount |
|---|
Sources
Volumes and per-unit realized sales prices come from the issuer's latest Form 10-K production-and-pricing table. Implied product revenue = volume × price; mix shares feed the spot 12-month forecast above.
FY2025 10-K Item 7 Upstream sales-by-product table (eqt-20251231.htm). NGLs (14,746 MBbl @ $38.04/Bbl) and ethane (7,422 MBbl @ $8.01/Bbl) are combined into a single NGL bucket of 22,168 MBbl @ $27.99/Bbl (volume-weighted). Realised prices exclude cash-settled derivatives.
| Product | Annual volume | Avg realized price | Implied revenue (USDm) | Share of implied revenue |
|---|---|---|---|---|
| Crude oil | 1.8 MMBbls | 49.08 USD/bbl | 87.6 | 1.1% |
| Natural gas | 2,238,652 MMcf | 3.13 USD/Mcf | 7,007 | 90.8% |
| NGLs | 22.2 MMBbls | 27.99 USD/bbl | 620.5 | 8.0% |
| Total (implied product revenue) | 7,715 | 100.0% |
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 8,644.2 | USD mln |
| Line item | Amount | |
|---|---|---|
| Lease & well expenses (LOE) | 91.5 | USD mln |
| Depreciation, depletion & amortization | 2,600.4 | USD mln |
| Exploration expense | 3.6 | USD mln |
| Income tax expense (benefit) | 651.9 | USD mln |
| Total costs and expenses (consolidated) | 5,394.6 | USD mln |
Primary SEC filing for this FY (HTML)
| Line item | Amount |
|---|---|
| Crude oil equivalent (net, Mboe/d) | 1,017.4 |
| Proved reserves (net, MMboe) | 4,377.4 |
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 5,273.3 | USD mln |
| Line item | Amount | |
|---|---|---|
| Lease & well expenses (LOE) | 81 | USD mln |
| Depreciation, depletion & amortization | 2,162.3 | USD mln |
| Exploration expense | 2.7 | USD mln |
| Income tax expense (benefit) | 22.1 | USD mln |
| Total costs and expenses (consolidated) | 4,588 | USD mln |
Primary SEC filing for this FY (HTML)
| Line item | Amount |
|---|---|
| Crude oil equivalent (net, Mboe/d) | 920.5 |
| Proved reserves (net, MMboe) | 4,599.4 |
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 6,908.9 | USD mln |
| Line item | Amount | |
|---|---|---|
| Lease & well expenses (LOE) | 53.3 | USD mln |
| Depreciation, depletion & amortization | 1,732.1 | USD mln |
| Exploration expense | 3.3 | USD mln |
| Interest expense | 219.7 | USD mln |
| Impairment — oil & gas properties | 17.4 | USD mln |
| Income tax expense (benefit) | 369 | USD mln |
| Total costs and expenses (consolidated) | 4,594.5 | USD mln |
Primary SEC filing for this FY (HTML)
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://ir.eqt.com/
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)