EQT (EQT) FY2024 results: revenue $5.3 billion, down 23.7% on the year
EQT Corp. (EQT) reported revenue of $5.3 billion for fiscal 2024, the year ended 31 December 2024, down 23.7% on the year before. Net income was $231 million, down 86.7%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$5.3 billion
-23.7% on the year
FY2017FY2024
Operating margin
13.0%
33.5% a year earlier
FY2017FY2024
Net income
$231 million
-86.7% on the year
FY2017FY2024
Diluted EPS
$0.45
-89.3% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,827
3,179
3,466
-11.1%
Capital expenditure
2,254
2,019
1,400
+11.6%
Free cash flow
573
1,160
2,065
-50.6%
Free cash flow margin
10.9%
16.8%
27.5%
Cash from investing
-1,580
-4,314
-1,422
Cash from financing
-1,126
-243
-699
Depreciation and amortisation
2,162
1,732
1,666
+24.8%
Share-based compensation
158
49.8
45.2
+217.7%
Buybacks
0.0
201
409
Dividends paid
327
228
204
+43.0%
Dividend per share
$0.63
$0.61
$0.55
+3.3%
Diluted shares, weighted
515m
413m
406m
+24.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
20,598
14,773
11,172
+39.4%
Non-controlling interest
3,681
7.6
40.9
+48,219.7%
Debt
9,324
5,795
5,679
+60.9%
Operating lease liabilities
29.4
8.4
n/a
+248.1%
Finance lease liabilities
29.3
3.8
n/a
+679.5%
Other liabilities
6,169
4,697
5,778
+31.3%
Total liabilities and equity
39,830
25,285
22,670
+57.5%
Fixed assets
31,748
22,950
18,167
+38.3%
Goodwill
2,079
0.0
n/a
Intangible assets
215
22.6
n/a
+852.7%
Cash and equivalents
202
81.0
1,459
+149.6%
Receivables
1,133
824
1,608
+37.5%
Other assets
4,453
1,408
1,436
+216.3%
Total assets
39,830
25,285
22,670
+57.5%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.