EQT (EQT) FY2023 results: revenue $6.9 billion, down 7.9% on the year
EQT Corp. (EQT) reported revenue of $6.9 billion for fiscal 2023, the year ended 31 December 2023, down 7.9% on the year before. Net income was $1.7 billion, down 2.0%, and diluted earnings per share $4.22. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$6.9 billion
-7.9% on the year
FY2016FY2023
Operating margin
33.5%
36.3% a year earlier
FY2016FY2023
Net income
$1.7 billion
-2.0% on the year
FY2016FY2023
Diluted EPS
$4.22
-3.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,179
3,466
1,662
-8.3%
Capital expenditure
2,019
1,400
1,055
+44.2%
Free cash flow
1,160
2,065
607
-43.8%
Free cash flow margin
16.8%
27.5%
19.8%
Cash from investing
-4,314
-1,422
-2,073
Cash from financing
-243
-699
506
Depreciation and amortisation
1,732
1,666
1,677
+4.0%
Share-based compensation
49.8
45.2
28.2
+10.2%
Buybacks
201
409
12.9
-50.9%
Dividends paid
228
204
0.0
+12.1%
Dividend per share
$0.61
$0.55
n/a
+10.9%
Diluted shares, weighted
413m
406m
323m
+1.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
14,773
11,172
9,955
+32.2%
Non-controlling interest
7.6
40.9
16.2
-81.4%
Debt
5,795
5,679
5,591
+2.0%
Operating lease liabilities
8.4
n/a
n/a
Finance lease liabilities
3.8
n/a
n/a
Other liabilities
4,697
5,778
6,045
-18.7%
Total liabilities and equity
25,285
22,670
21,607
+11.5%
Fixed assets
22,950
18,167
18,419
+26.3%
Goodwill
0.0
n/a
n/a
Intangible assets
22.6
n/a
n/a
Cash and equivalents
81.0
1,459
114
-94.4%
Receivables
824
1,608
1,438
-48.8%
Other assets
1,408
1,436
1,636
-2.0%
Total assets
25,285
22,670
21,607
+11.5%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.