EQT on NYSE

EQT HOLDINGS LIMITED

Australian public company.1

$52.34 down 0.41 (0.77%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

Compare with Ovintiv, Continental Resources or PAR PACIFIC HOLDINGS, INC., or pick any stock.

  • TickerEQT on NYSE1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersGibraltar1
  • Incorporated inPA4
  • Business address2200 Energy Drive, Canonsburg, Pa 153174
  • Filer categoryLarge accelerated filer4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.6%Operating margin5
23.6%Net margin5
63.9%Revenue growth, 20255
8.6%Return on equity5
0.31×Debt to equity5
$2.8BFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Revenues From Contract With Customers brought in 35% of the revenue EQT HOLDINGS LIMITED broke down this way in fiscal 2025.

  1. Revenues From Contract With Customers$8.3B535%up 60% from 2024
  2. Oil and Gas$7.7B532%up 57% from 2024
  3. Sales Of Natural Gas, NGLs And Oil At Production$7.7B532%up 57% from 2024
Products and services by year
Products and services202320242025
Revenues From Contract With Customers$5.1B$5.2B$8.3B
Oil and Gas$5.0B$4.9B$7.7B
Sales Of Natural Gas, NGLs And Oil At Production$5.0B$4.9B$7.7B

Business segments

Upstream brought in 81% of the revenue EQT HOLDINGS LIMITED broke down this way in fiscal 2025.

  1. Upstream$8.0B581%up 60% from 2024
  2. Gathering$1.3B513%up 70% from 2024
  3. Transmission$572.3M56%up 162% from 2024
Business segments by year
Business segments202320242025
Upstream$6.9B$5.0B$8.0B
Gathering$161.4M$766.5M$1.3B
Transmission$0$218.3M$572.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue18¢$1.5B
  • Selling, general and admin4¢$380.1M
  • Other costs47¢$4.0B
  • Income tax8¢$651.9M
  • Profit24¢$2.0B

Out of $8.6B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending45¢$2.3B
  • Dividends paid8¢$389.6M
  • Kept or used elsewhere48¢$2.4B

Out of $5.1B of cash from operations.5

Financial statements

Revenue6785$8.6B in 2025+128% since 2019
0$5.0B$10.0B$15.0B2019: $3.8B$3.8B20192020: $2.7B$2.7B2020−30%2021: $6.8B$6.8B2021+157%2022: $12.1B$12.1B2022+78%2023: $5.0B$5.0B2023−58%2024: $5.3B$5.3B2024+5%2025: $8.6B$8.6B2025+64%
Operating income67895$3.2B in 2025
-$2.0B0$2.0B$4.0B2019: -$1.2B-$1.2B20192020: -$877.7M-$877.7M2020−24%2021: -$1.4B-$1.4B2021+55%2022: $2.7B$2.7B20222023: $2.3B$2.3B2023−15%2024: $685.3M$685.3M2024−70%2025: $3.2B$3.2B2025+374%
Net income67895$2.0B in 2025
-$2.0B-$1.0B0$1.0B$2.0B$3.0B2019: -$1.2B-$1.2B20192020: -$958.8M-$958.8M2020−22%2021: -$1.1B-$1.1B2021+19%2022: $1.8B$1.8B20222023: $1.7B$1.7B2023−2%2024: $230.6M$230.6M2024−87%2025: $2.0B$2.0B2025+784%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Gain (loss) on derivatives$291.0M$51.1M$1.8B
Total operating revenues$8.6B$5.3B$6.9B
Transportation and processing$1.5B$1.9B$2.2B
Production$388.7M$377.0M$239.0M
Operating and maintenance$225.1M$110.4M$15.7M
Exploration$3.6M$2.7M$3.3M
Selling, general and administrative$380.1M$336.7M$236.2M
Depreciation, depletion and amortization$2.6B$2.2B$1.7B
(Gain) loss on sale/exchange of long-lived assets-$31.2M-$764.0M$17.4M
Impairment and expiration of leases$51.2M$97.4M$109.4M
Other operating expenses$244.7M$349.9M$84.0M
Total operating expenses$5.4B$4.6B$4.6B
Operating income$3.2B$685.3M$2.3B
Income from investments-$184.4M-$76.0M-$7.6M
Other income-$4.8M-$26.0M-$1.2M
Loss on debt extinguishment$22.7M$68.3M$80.0K
Interest expense, net$438.7M$454.8M$219.7M
Income before income taxes$3.0B$264.2M$2.1B
Income tax expense$651.9M$22.1M$369.0M
Net income$2.3B$242.1M$1.7B
Less: Net income (loss) attributable to noncontrolling interests$286.4M$11.5M-$688.0K
Net income attributable to EQT Corporation$2.0B$230.6M$1.7B
Weighted average common stock outstanding - Basic (in shares)611.6M shares509.6M shares380.9M shares
Net income attributable to EQT Corporation - Basic (in dollars per share)$3.33$0.45$4.56
Weighted average common stock outstanding - Diluted (in shares)615.7M shares514.6M shares413.2M shares
Net income attributable to EQT Corporation - Diluted (in dollars per share)$3.31$0.45$4.22

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Leadership

Who has led EQT HOLDINGS LIMITED, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David L. Porges2010–2017
  2. Steven T. Schlotterbeck2017–2018
  3. Robert Joseph McNally2018–2019
  4. Toby Z. Rice2019–now

Chair

  1. David L. Porges2012–2018

President

  1. Randall L. Crawford2003–2007
  2. Arthur G. Cantrell2003–2004
  3. James M. Funk2003
  4. Diane L. Prier2004–2006
  5. David L. Porges2007–2015
  6. Joseph E. Obrien2007–2008
  7. Steven T. Schlotterbeck2016–2018
  8. Robert Joseph McNally2018–2019
  9. Toby Z. Rice2019–now

Chief financial officer

  1. David L. Porges2004–2006
  2. Philip P. Conti2005–2016
  3. Robert Joseph McNally2016–2018
  4. Jimmi Sue Smith2019
  5. David M. Khani2020–2023
  6. Jeremy Knop2023–now

Chief operating officer

  1. David L. Porges2007–2010
  2. Gary E. Gould2019
20052010201520202025
Board members and other officers (64)

Former names

  • EQUITABLE RESOURCES INC /PA/May 18, 1994 to Feb 4, 20094

Timeline

  1. Jul 19, 2019New chief executive Toby Z. Rice becomes CEO13
  2. Nov 19, 2018New chief executive Robert Joseph McNally becomes CEO14
  3. Jun 23, 2017New chief executive Steven T. Schlotterbeck becomes CEO15
  4. Aug 4, 2010New chief executive David L. Porges becomes CEO16
  5. Aug 6, 1985Went public Listed on Australian Securities Exchange1

Recent filings

  1. Oct 13, 20268-K
  2. Oct 7, 20268-K
  3. Oct 5, 20264
  4. Oct 5, 20264
  5. Aug 18, 20264
  6. Aug 14, 2026144
  7. Jul 28, 20264
  8. Jul 28, 20264
  9. Jul 28, 20264
  10. Jul 22, 202610-Q
  11. Jul 21, 20268-K
  12. Jul 14, 20268-K
  13. Jul 6, 20264
  14. Jul 6, 20264
  15. Jun 9, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

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