{ "ok": true, "cik": "33213", "ticker": "EQT", "name": "EQT CORPORATION", "filings": [ { "form": "10-Q", "filed": "2026-07-22", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/33213/000003321326000043/0000033213-26-000043-index.htm" }, { "form": "8-K", "filed": "2026-07-21", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/33213/000003321326000041/0000033213-26-000041-index.htm" }, { "form": "8-K", "filed": "2026-07-14", "items": [ "2.02 Results of Operations and Financial Condition" ], "url": "https://www.sec.gov/Archives/edgar/data/33213/000003321326000035/0000033213-26-000035-index.htm" }, { "form": "10-Q", "filed": "2026-04-22", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/33213/000003321326000030/0000033213-26-000030-index.htm" }, { "form": "8-K", "filed": "2026-04-21", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/33213/000003321326000028/0000033213-26-000028-index.htm" }, { "form": "8-K", "filed": "2026-04-15", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/33213/000110465926043807/0001104659-26-043807-index.htm" } ], "events12m": 14, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-04-15", "url": "https://www.sec.gov/Archives/edgar/data/33213/000110465926043807/0001104659-26-043807-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000033213.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=33213" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up EQT CORPORATION ($EQT). Last filing: 10-Q, 2026-07-22. 14 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 8644211000, "revenueGrowth1y": 0.6392384743621131, "revenueGrowthPerYear": 0.061670975168591324, "yearsOfData": 5, "operatingMargin": 0.37593008777782033, "operatingMarginPrior": 0.12995559334755463, "netMargin": 0.26904225267060233, "operatingCashFlow": 5125952000, "capitalSpending": 2288425000, "freeCashFlow": 2837527000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 110795000, "longTermDebt": 7800328000, "longTermDebtChange": -0.16342986624985778, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 6804020000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 12114168000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 6908923000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 5273309000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 8644211000 } ], "totalEquity": 23752677000, "totalAssets": 41792874000, "equityRatio": 0.5683427514460958, "returnOnEquity": 0.09791140594384372, "dividendsPaid": 389633000, "payoutRatio": 0.167536671342046, "dividendPerShare": 0.6375, "dividendYearsRising": 4, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 3.33, "sharesOutstanding": 615717000, "bookValuePerShare": 38.57726358050858, "revenuePerShare": 14.039259919735853, "range80": { "low": 5797611116.767856, "high": 19742884799.19478, "baseline": 10947201879.27603, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.5630410114356801, "classVolatility": 0.07701947805587882, "volatility": 0.4018377661186873 }, "ifPaceHeld": { "low": 5797611116.767856, "high": 19742884799.19478 } }, "edgarette": "🔖 Exposure: revenue $8.6B (FY2025), total debt $7.8B. Experience: revenue up 63.9% on the year, up 6.2% a year over 4 years; operating margin 37.6%, up from 13.0%. Soundness: equity 56.8% of assets, return on equity 9.8%, payout 16.8% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $5.8B and $19.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $3.7B to $30.9B. A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin 37.6% against a 16.8% median; growth 63.9% against 7.8%.", "peers": { "sic": 1311, "sicDescription": "Crude Petroleum & Natural Gas", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "1311", "growth": [ 0.0783, 51 ], "opMargin": [ 0.1675, 45 ], "equityRatio": [ 0.5186, 43 ], "returnOnEquity": [ 0.093, 40 ], "payoutRatio": [ 0.3612, 24 ] }, "summary": "Eqt (EQT) grew revenue 63.9% in FY2025 to $8.6 billion, operating margin 37.6% against a 16.8% median for crude petroleum & natural gas, equity 56.8% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
EQT CORPORATION against its own record and its peers
Operating marginPeer median 16.8%37.6%Revenue, on the yearPeer median 7.8%63.9%Equity of assetsPeer median 51.9%56.8%Return on equityPeer median 9.3%9.8%Payout of profitPeer median 36.1%16.8%Gold tick: the median of 24–43 peers with $50M+ revenue in crude petroleum & natural gas
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit16.8% paid out83.2% keptHanded back per share$0.6375up 4 years runningGrowth its own profit can fund8.2%retained x return on equityRevenue growth it managed63.9%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 2, "rate": 0.3333333333333333, "method": "v4", "byYear": { "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:20.642Z", "hash": "7727f6a7ca30e82b", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Eqt (EQT) grew revenue 63.9% in FY2025 to $8.6 billion, operating margin 37.6% against a 16.8% median for crude petroleum & natural gas, equity 56.8% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 8644211000, "totalDebt": 7800328000, "cash": 110795000 }, "experience": { "revenueGrowth1y": 0.6392384743621131, "revenueGrowthPerYear": 0.061670975168591324, "operatingMargin": 0.37593008777782033, "operatingMarginPrior": 0.12995559334755463, "netMargin": 0.26904225267060233, "freeCashFlow": 2837527000 }, "soundness": { "equityRatio": 0.5683427514460958, "returnOnEquity": 0.09791140594384372, "payoutRatio": 0.167536671342046, "dividendPerShare": 0.6375, "dividendYearsRising": 4, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 1311, "sicDescription": "Crude Petroleum & Natural Gas", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "1311", "growth": [ 0.0783, 51 ], "opMargin": [ 0.1675, 45 ], "equityRatio": [ 0.5186, 43 ], "returnOnEquity": [ 0.093, 40 ], "payoutRatio": [ 0.3612, 24 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-04-15", "url": "https://www.sec.gov/Archives/edgar/data/33213/000110465926043807/0001104659-26-043807-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 5797611116.767856, "high": 19742884799.19478, "baseline": 10947201879.27603, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.5630410114356801, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.4018377661186873, "k": 3 }, "stress": { "low": 3705947666.8954163, "high": 30899260424.86166, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 2, "rate": 0.3333333333333333, "method": "v4", "byYear": { "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:20.642Z", "hash": "7727f6a7ca30e82b", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000033213.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=33213" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.593, "growth3y": -0.1064, "volatility": 0.563, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.5683, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 59.3% of revenue into operating cash; revenue shrinking 10.6% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 96th percentile for cash, 6th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$1B-10B", "cashPctInClass": 96, "growthPctInClass": 6, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±55%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 5125952000, "investing": -2844907000, "financing": -2372343000, "capitalSpending": 2288425000, "free": 2837527000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1662448000, "free": 607320000 }, { "fiscalYearEnd": "2022-12-31", "operating": 3465560000, "free": 2065117000 }, { "fiscalYearEnd": "2023-12-31", "operating": 3178850000, "free": 1159813000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2826973000, "free": 573264000 }, { "fiscalYearEnd": "2025-12-31", "operating": 5125952000, "free": 2837527000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 110795000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 41792874000, "ladder": null, "currentRatio": 0.76, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.593, "growth3y": -0.1064, "volatility": 0.563, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.5683, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 59.3% of revenue into operating cash; revenue shrinking 10.6% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 96th percentile for cash, 6th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$1B-10B", "cashPctInClass": 96, "growthPctInClass": 6, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±55%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 5125952000, "investing": -2844907000, "financing": -2372343000, "capitalSpending": 2288425000, "free": 2837527000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1662448000, "free": 607320000 }, { "fiscalYearEnd": "2022-12-31", "operating": 3465560000, "free": 2065117000 }, { "fiscalYearEnd": "2023-12-31", "operating": 3178850000, "free": 1159813000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2826973000, "free": 573264000 }, { "fiscalYearEnd": "2025-12-31", "operating": 5125952000, "free": 2837527000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 110795000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 41792874000, "ladder": null, "currentRatio": 0.76, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }