# EQT CORPORATION (EQT) FY2025 Annual P&L / Income Statement

- Company: EQT CORPORATION (EQT)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-18, accession number 0000033213-26-000018
- Page: https://plicit.ai/financials/eqt/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/eqt-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total operating revenues**: 8,644,211,000 US dollars
- **Transportation and processing**: 1,532,090,000 US dollars
- **Gross profit (calculated)**: 7,112,121,000 US dollars
- **Operating expenses (calculated)**: 3,862,502,000 US dollars
- **Operating income**: 3,249,619,000 US dollars
- **Other income (expense), net (calculated)**: negative 272,077,000 US dollars
- **Income before income taxes**: 2,977,542,000 US dollars
- **Income tax expense**: 651,884,000 US dollars
- **Net income**: 2,325,658,000 US dollars
- **Sales of natural gas, natural gas liquids and oil**: 7,726,712,000 US dollars
- **Pipeline and other**: 626,505,000 US dollars
- **Gain (loss) on derivatives**: 290,994,000 US dollars
- **Production**: 388,696,000 US dollars
- **Operating and maintenance**: 225,131,000 US dollars
- **Exploration**: 3,601,000 US dollars
- **Selling, general and administrative**: 380,066,000 US dollars
- **Depreciation, depletion and amortization**: 2,600,390,000 US dollars
- **(Gain) loss on sale/exchange of long-lived assets**: negative 31,214,000 US dollars
- **Impairment and expiration of leases**: 51,152,000 US dollars
- **Other operating expenses**: 244,680,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to EQT CORPORATION: $2.04 B; to noncontrolling interests: $286.41 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/eqt/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/eqt-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total operating revenues**: 8,644,211,000 US dollars
- **Transportation and processing**: 1,532,090,000 US dollars
- **Gross profit (calculated)**: 7,112,121,000 US dollars
- **Operating expenses (calculated)**: 3,862,502,000 US dollars
- **Operating income**: 3,249,619,000 US dollars
- **Other income (expense), net (calculated)**: negative 272,077,000 US dollars
- **Income before income taxes**: 2,977,542,000 US dollars
- **Income tax expense**: 651,884,000 US dollars
- **Net income**: 2,325,658,000 US dollars
- **Upstream**: 8,024,057,000 US dollars
- **Gathering**: 1,301,434,000 US dollars
- **Transmission**: 572,252,000 US dollars
- **Production**: 388,696,000 US dollars
- **Operating and maintenance**: 225,131,000 US dollars
- **Exploration**: 3,601,000 US dollars
- **Selling, general and administrative**: 380,066,000 US dollars
- **Depreciation, depletion and amortization**: 2,600,390,000 US dollars
- **(Gain) loss on sale/exchange of long-lived assets**: negative 31,214,000 US dollars
- **Impairment and expiration of leases**: 51,152,000 US dollars
- **Other operating expenses**: 244,680,000 US dollars
- **Revenue before reconciliation (calculated)**: 9,897,743,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Intersegment Eliminations and Other**: negative 1,253,532,000 US dollars. Reported reconciliation to consolidated revenue.
- **Upstream costs**: 5,705,926,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Gathering costs**: 464,780,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Transmission costs**: 197,020,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: negative 973,134,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to EQT CORPORATION: $2.04 B; to noncontrolling interests: $286.41 M.