EQT Corporation

EQT

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,222

Cost of Revenue

4,455

Gross Profit

767

Gross Margin

14.7%

Operating Income

685

Operating Margin

13.1%

Net Income

231

Net Margin

4.4%

EPS (Basic)

$0.45

EPS (Diluted)

$0.41

EBITDA

2,881

EBITDA Margin

55.2%

2023

12/31/2023

Revenue

5,070

Cost of Revenue

4,128

Gross Profit

942

Gross Margin

18.6%

Operating Income

2,314

Operating Margin

45.6%

Net Income

1,735

Net Margin

34.2%

EPS (Basic)

$4.56

EPS (Diluted)

$4.20

EBITDA

4,055

EBITDA Margin

80.0%

2022

12/31/2022

Revenue

12,141

Cost of Revenue

4,081

Gross Profit

8,059

Gross Margin

66.4%

Operating Income

2,718

Operating Margin

22.4%

Net Income

1,771

Net Margin

14.6%

EPS (Basic)

$4.79

EPS (Diluted)

$4.38

EBITDA

4,250

EBITDA Margin

35.0%

2021

12/31/2021

Revenue

6,840

Cost of Revenue

3,844

Gross Profit

2,996

Gross Margin

43.8%

Operating Income

-1,361

Operating Margin

-19.9%

Net Income

-1,143

Net Margin

-16.7%

EPS (Basic)

$-3.57

EPS (Diluted)

$-3.57

EBITDA

429

EBITDA Margin

6.3%

2020

12/31/2020

Revenue

2,659

Cost of Revenue

1,575

Gross Profit

1,084

Gross Margin

40.8%

Operating Income

-878

Operating Margin

-33.0%

Net Income

-959

Net Margin

-36.1%

EPS (Basic)

$-3.71

EPS (Diluted)

$-3.71

EBITDA

450

EBITDA Margin

16.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,222	5,070	12,141	6,840	2,659
Cost of Revenue	4,455	4,128	4,081	3,844	1,575
Gross Profit	767	942	8,059	2,996	1,084
Gross Margin	14.7%	18.6%	66.4%	43.8%	40.8%
Operating Income	685	2,314	2,718	-1,361	-878
Operating Margin	13.1%	45.6%	22.4%	-19.9%	-33.0%
Net Income	231	1,735	1,771	-1,143	-959
Net Margin	4.4%	34.2%	14.6%	-16.7%	-36.1%
EPS (Basic)	$0.45	$4.56	$4.79	$-3.57	$-3.71
EPS (Diluted)	$0.41	$4.20	$4.38	$-3.57	$-3.71
EBITDA	2,881	4,055	4,250	429	450
EBITDA Margin	55.2%	80.0%	35.0%	6.3%	16.9%