Income Statement

Revenue

+15%

+183%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	39	39	38	39	42	43	45	42	46	46	42	43	42	41	45	45	45	45	48	48	49	50	48	48	48	52	53	58	64	76	95	112	127	134	136	128	127	126	125	136	145	152	160	185	181	178	173	143	137	131	132	137	142	147	148	147	145	145	144	131	138	145	160	168	183	196	202	229	170	163	155	200	206	221	242	259	267	274	281	290	287	281	266	250	228	202	202	220	227	243	341	455	518	568	520	439
Revenue	552 N/A	1 048 +90%	1 096 +5%	1 069 -2%	1 117 +5%	1 109 -1%	1 080 -3%	877 -19%	1 105 +26%	1 127 +2%	1 041 -8%	1 045 +0%	1 046 +0%	1 036 -1%	1 166 +13%	1 254 +8%	1 283 +2%	1 304 +2%	1 307 +0%	1 268 -3%	1 294 +2%	1 336 +3%	1 330 0%	1 361 +2%	1 441 +6%	1 481 +3%	1 552 +5%	1 577 +2%	1 510 -4%	1 414 -6%	1 335 -6%	1 311 -2%	1 237 -6%	1 257 +2%	1 295 +3%	1 374 +6%	1 410 +3%	1 521 +8%	1 626 +7%	1 324 -19%	1 301 -2%	1 271 -2%	1 273 +0%	1 377 +8%	1 343 -2%	1 479 +10%	1 594 +8%	1 862 +17%	1 891 +2%	1 944 +3%	2 043 +5%	2 470 +21%	2 523 +2%	2 436 -3%	2 442 +0%	2 340 -4%	2 190 -6%	1 877 -14%	1 850 -1%	1 387 -25%	1 739 +25%	2 301 +32%	2 403 +4%	3 091 +29%	3 509 +14%	3 771 +7%	4 161 +10%	4 558 +10%	4 055 -11%	4 414 +9%	4 316 -2%	4 417 +2%	4 381 -1%	3 597 -18%	2 818 -22%	3 059 +9%	2 902 -5%	2 114 -27%	478 -77%	3 065 +542%	1 536 -50%	4 323 +182%	7 858 +82%	7 498 -5%	10 738 +43%	9 229 -14%	8 346 -10%	6 909 -17%	5 660 -18%	5 594 -1%	5 692 +2%	5 273 -7%	5 601 +6%	7 206 +29%	7 881 +9%	8 644 +10%
Gross Profit
Cost of Revenue	0	(509)	(552)	(506)	(527)	(511)	(472)	(335)	(472)	(480)	(440)	(455)	(461)	(458)	(522)	(572)	(595)	(606)	(612)	(567)	(578)	(609)	(606)	(637)	(688)	(694)	(715)	(725)	(662)	(572)	(496)	(424)	(288)	(272)	(268)	(320)	(321)	(349)	(383)	(209)	(189)	(191)	(189)	(231)	(182)	(183)	(189)	(257)	(192)	(212)	(232)	(336)	(356)	(373)	(394)	(399)	(425)	(442)	(453)	(1 054)	(1 130)	(1 192)	(1 251)	(1 346)	(1 642)	(1 939)	(2 227)	(1 893)	(2 589)	(2 586)	(2 599)	(1 907)	(1 904)	(1 875)	(1 866)	(1 866)	(1 879)	(1 947)	(2 032)	(2 167)	(2 262)	(2 372)	(2 442)	(2 418)	(2 394)	(2 350)	(2 349)	(2 412)	(2 497)	(2 564)	(2 476)	(2 293)	(2 137)	(1 972)	(1 913)	(1 921)
Gross Profit	553 N/A	538 -3%	544 +1%	563 +3%	590 +5%	598 +1%	608 +2%	542 -11%	633 +17%	648 +2%	601 -7%	590 -2%	585 -1%	578 -1%	644 +12%	682 +6%	688 +1%	698 +1%	695 0%	701 +1%	717 +2%	727 +2%	724 0%	725 +0%	752 +4%	787 +5%	838 +6%	851 +2%	849 0%	842 -1%	839 0%	888 +6%	949 +7%	985 +4%	1 028 +4%	1 054 +3%	1 089 +3%	1 172 +8%	1 243 +6%	1 115 -10%	1 113 0%	1 080 -3%	1 083 +0%	1 146 +6%	1 162 +1%	1 296 +12%	1 405 +8%	1 605 +14%	1 699 +6%	1 732 +2%	1 812 +5%	2 134 +18%	2 167 +2%	2 063 -5%	2 047 -1%	1 941 -5%	1 764 -9%	1 436 -19%	1 397 -3%	333 -76%	610 +83%	1 109 +82%	1 152 +4%	1 745 +51%	1 867 +7%	1 832 -2%	1 935 +6%	2 665 +38%	1 466 -45%	1 828 +25%	1 717 -6%	2 510 +46%	2 476 -1%	1 723 -30%	951 -45%	1 193 +25%	1 023 -14%	168 -84%	(1 554) N/A	897 N/A	(726) N/A	1 951 N/A	5 415 +178%	5 080 -6%	8 344 +64%	6 879 -18%	5 997 -13%	4 497 -25%	3 164 -30%	3 030 -4%	3 215 +6%	2 981 -7%	3 464 +16%	5 234 +51%	5 968 +14%	6 723 +13%
Operating Income
Operating Expenses	(312)	(289)	(286)	(280)	(297)	(303)	(310)	(257)	(321)	(345)	(299)	(300)	(288)	(266)	(325)	(330)	(329)	(329)	(327)	(332)	(373)	(396)	(397)	(413)	(420)	(416)	(361)	(387)	(375)	(402)	(522)	(531)	(559)	(584)	(579)	(584)	(591)	(599)	(623)	(557)	(397)	(437)	(488)	(757)	(780)	(833)	(861)	(970)	(899)	(926)	(942)	(1 047)	(1 118)	(1 169)	(1 214)	(1 255)	(1 266)	(1 295)	(1 318)	(1 080)	(1 101)	(1 074)	(1 077)	(1 203)	(1 323)	(1 455)	(1 574)	(1 901)	(1 580)	(1 604)	(1 632)	(1 835)	(1 784)	(1 688)	(1 615)	(1 600)	(1 631)	(1 688)	(1 793)	(1 897)	(1 999)	(2 065)	(2 054)	(1 922)	(1 931)	(1 904)	(1 943)	(1 978)	(2 168)	(2 284)	(2 753)	(2 636)	(3 138)	(3 488)	(3 362)	(3 233)
Selling, General & Administrative	(121)	(114)	(112)	(110)	(116)	(122)	(125)	(104)	(127)	(145)	(124)	(130)	(121)	(105)	(138)	(141)	(139)	(137)	(130)	(126)	(163)	(180)	(179)	(195)	(201)	(188)	(118)	(111)	(69)	(72)	(170)	(177)	(186)	(195)	(169)	(156)	(155)	(152)	(162)	(154)	(158)	(159)	(165)	(172)	(169)	(182)	(179)	(201)	(191)	(199)	(208)	(238)	(252)	(254)	(258)	(250)	(240)	(252)	(253)	(219)	(233)	(209)	(213)	(209)	(177)	(187)	(173)	(284)	(252)	(275)	(303)	(253)	(239)	(196)	(173)	(175)	(185)	(191)	(184)	(196)	(220)	(230)	(248)	(253)	(235)	(236)	(226)	(236)	(257)	(264)	(296)	(337)	(355)	(370)	(380)	(380)
Research & Development	(22)	(28)	(27)	(27)	(30)	(32)	(34)	0	(37)	(39)	0	0	0	0	0	(1)	0	0	0	(1)	(1)	(1)	(1)	(1)	(1)	(2)	(5)	(9)	(12)	(15)	(16)	(18)	(16)	(13)	(9)	(5)	(5)	(6)	(5)	(5)	(5)	(6)	(6)	(10)	(12)	(17)	(21)	(19)	(16)	(18)	(16)	(22)	(33)	(37)	(41)	(62)	(53)	(45)	(39)	(5)	(5)	(5)	(4)	(18)	(16)	(14)	(15)	(7)	29	29	29	(7)	(7)	(6)	(6)	(6)	(6)	(6)	(24)	(24)	(24)	(24)	(4)	(3)	(4)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(4)
Depreciation & Amortization	(73)	(72)	(72)	(69)	(72)	(74)	(76)	(77)	(81)	(84)	(85)	(82)	(84)	(85)	(87)	(94)	(95)	(96)	(98)	(100)	(103)	(106)	(108)	(110)	(113)	(118)	(125)	(137)	(151)	(165)	(180)	(196)	(213)	(232)	(251)	(270)	(287)	(303)	(322)	(314)	(343)	(377)	(421)	(475)	(510)	(557)	(595)	(653)	(644)	(639)	(645)	(679)	(722)	(762)	(794)	(819)	(846)	(873)	(902)	(857)	(867)	(883)	(893)	(976)	(1 148)	(1 289)	(1 441)	(1 610)	(1 460)	(1 461)	(1 461)	(1 575)	(1 538)	(1 486)	(1 436)	(1 420)	(1 432)	(1 481)	(1 576)	(1 677)	(1 722)	(1 771)	(1 746)	(1 666)	(1 632)	(1 598)	(1 626)	(1 732)	(1 831)	(1 902)	(2 044)	(2 162)	(2 296)	(2 454)	(2 553)	(2 600)
Operations Maintenance	(78)	(75)	(75)	(73)	(75)	(75)	(75)	(76)	(76)	(78)	(80)	(88)	(93)	(98)	(100)	(95)	(95)	(96)	(98)	(105)	(109)	(109)	(109)	(107)	(105)	(108)	(113)	(130)	(136)	(142)	(147)	(140)	(144)	(144)	(149)	(152)	(143)	(138)	(133)	(84)	(94)	(98)	(98)	(99)	(88)	(77)	(67)	(98)	(68)	(71)	(73)	(108)	(111)	(116)	(120)	(124)	(127)	(125)	(123)	0	(81)	(70)	(58)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(41)	(110)	(132)	(186)	(206)	(225)
Other Operating Expenses	(19)	0	0	0	(5)	0	0	0	0	0	(9)	0	10	21	0	0	0	0	0	0	2	0	0	0	0	0	0	0	(8)	(8)	(8)	0	0	0	0	0	0	0	0	0	203	203	203	0	0	0	0	0	20	0	0	0	0	0	0	0	0	0	0	0	84	92	92	0	17	35	55	0	103	103	103	0	0	0	0	0	(9)	(9)	(9)	0	(33)	(40)	(56)	0	(61)	(67)	(88)	(6)	(76)	(115)	(369)	(24)	(351)	(476)	(220)	(24)
Operating Income	241 N/A	249 +4%	258 +4%	283 +10%	293 +3%	295 +1%	299 +1%	285 -4%	312 +9%	303 -3%	302 0%	290 -4%	298 +3%	312 +5%	320 +3%	352 +10%	359 +2%	369 +3%	369 0%	370 +0%	344 -7%	331 -4%	327 -1%	312 -5%	332 +7%	372 +12%	477 +28%	465 -3%	474 +2%	440 -7%	317 -28%	357 +12%	390 +9%	401 +3%	449 +12%	471 +5%	499 +6%	574 +15%	620 +8%	558 -10%	716 +28%	644 -10%	595 -8%	390 -35%	382 -2%	463 +21%	544 +18%	635 +17%	800 +26%	806 +1%	870 +8%	1 087 +25%	1 049 -3%	895 -15%	833 -7%	686 -18%	498 -27%	141 -72%	79 -44%	(747) N/A	(492) +34%	35 N/A	75 +115%	542 +621%	544 +0%	377 -31%	361 -4%	764 +111%	(114) N/A	224 N/A	85 -62%	675 +692%	692 +2%	34 -95%	(663) N/A	(407) +39%	(609) -50%	(1 520) -150%	(3 347) -120%	(1 000) +70%	(2 725) -172%	(114) +96%	3 361 N/A	3 158 -6%	6 413 +103%	4 975 -22%	4 054 -19%	2 519 -38%	995 -60%	746 -25%	462 -38%	344 -26%	326 -5%	1 745 +436%	2 606 +49%	3 491 +34%
Pre-Tax Income
Interest Income Expense	(30)	(39)	(46)	(49)	(44)	(42)	(43)	(24)	(41)	134	181	(39)	178	63	36	66	66	5	(18)	(48)	(48)	(48)	(45)	(44)	(44)	(46)	(48)	(53)	(58)	(71)	(90)	(105)	(119)	(131)	(134)	(116)	(127)	(124)	(122)	(129)	(147)	(154)	(162)	(179)	(184)	(180)	(176)	(135)	(137)	(132)	(132)	(133)	(142)	(147)	(148)	(144)	(145)	(145)	(144)	(131)	(133)	(136)	(145)	(168)	(172)	(191)	(198)	(229)	(45)	(119)	(353)	(445)	(740)	(587)	(364)	(363)	(182)	(260)	(225)	(199)	(229)	(227)	(256)	(243)	(200)	(183)	(187)	(211)	(221)	(219)	(278)	(353)	(391)	(391)	(336)	(249)
Non-Reccuring Items	0	(5)	(5)	(5)	0	0	0	0	0	0	0	0	(1)	(8)	(15)	(8)	(15)	(4)	3	3	0	0	0	0	0	0	0	(8)	0	0	0	0	0	0	0	0	0	0	0	203	0	0	0	0	0	0	0	20	0	57	57	(233)	(238)	(275)	(275)	(123)	(123)	(123)	(123)	(8)	0	(12)	(23)	(172)	(2 515)	(2 654)	(2 923)	(3 547)	(1 204)	(1 131)	(1 007)	(1 827)	(1 913)	(1 938)	(1 843)	(496)	(397)	(321)	(339)	(371)	(545)	(676)	(645)	(580)	(322)	(182)	(143)	(205)	(119)	172	158	273	597	304	327	(264)
Gain/Loss on Disposition of Assets	0	0	0	0	0	0	0	0	0	3	0	0	0	0	0	0	0	0	0	0	0	119	119	126	0	7	7	0	0	0	0	0	0	0	0	0	23	23	203	0	0	(23)	(203)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Other Income	0	0	0	0	(9)	(9)	(9)	(9)	0	(18)	(16)	203	(14)	1	3	2	0	0	1	1	3	4	5	8	137	11	9	6	3	2	2	2	2	6	9	1	17	30	30	26	12	22	22	9	15	12	11	2	9	10	9	4	5	5	7	7	14	19	27	(8)	(14)	(20)	(31)	(3)	(17)	(18)	(19)	(65)	(108)	(108)	(109)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Income	210 N/A	205 -3%	207 +1%	228 +10%	239 +5%	244 +2%	246 +1%	252 +2%	272 +8%	422 +55%	468 +11%	454 -3%	462 +2%	368 -20%	344 -7%	412 +20%	410 0%	370 -10%	355 -4%	326 -8%	299 -8%	407 +36%	407 +0%	402 -1%	425 +6%	343 -19%	445 +30%	411 -8%	419 +2%	372 -11%	230 -38%	254 +10%	273 +8%	277 +1%	324 +17%	355 +10%	412 +16%	502 +22%	731 +45%	658 -10%	580 -12%	489 -16%	251 -49%	220 -12%	213 -4%	293 +38%	379 +29%	521 +38%	672 +29%	741 +10%	804 +8%	724 -10%	675 -7%	478 -29%	418 -13%	427 +2%	244 -43%	(108) N/A	(161) -49%	(894) -455%	(639) +29%	(133) +79%	(122) +8%	199 N/A	(2 161) N/A	(2 485) -15%	(2 779) -12%	(3 077) -11%	(1 471) +52%	(1 135) +23%	(1 383) -22%	(1 598) -16%	(1 961) -23%	(2 491) -27%	(2 870) -15%	(1 266) +56%	(1 187) +6%	(2 101) -77%	(3 912) -86%	(1 570) +60%	(3 499) -123%	(1 017) +71%	2 460 N/A	2 335 -5%	5 891 +152%	4 610 -22%	3 724 -19%	2 103 -44%	655 -69%	699 +7%	343 -51%	264 -23%	531 +101%	1 658 +212%	2 597 +57%	2 978 +15%
Net Income
Tax Provision	(77)	(74)	(75)	(78)	(77)	(79)	(80)	(86)	(92)	(144)	(160)	(155)	(159)	(138)	(125)	(153)	(154)	(128)	(127)	(110)	(98)	(143)	(142)	(144)	(153)	(123)	(163)	(155)	(162)	(144)	(95)	(97)	(100)	(100)	(114)	(128)	(150)	(183)	(269)	(239)	(211)	(176)	(81)	(72)	(62)	(85)	(107)	(175)	(233)	(254)	(285)	(214)	(155)	(31)	(3)	(105)	(55)	53	76	363	269	67	92	(17)	514	638	699	702	327	193	208	376	381	523	663	299	346	590	1 025	428	881	226	(587)	(554)	(1 376)	(1 056)	(777)	(369)	(37)	(4)	(26)	(22)	(76)	(356)	(590)	(652)
Income from Continuing Operations	133	131	133	151	163	165	167	166	179	279	308	299	304	231	219	259	256	242	228	216	200	264	265	258	271	219	283	256	257	228	135	157	173	176	210	228	262	320	462	420	369	313	171	149	151	208	272	346	440	488	520	510	520	447	415	322	189	(56)	(86)	(532)	(369)	(66)	(30)	182	(1 647)	(1 847)	(2 080)	(2 376)	(1 144)	(941)	(1 175)	(1 222)	(1 579)	(1 968)	(2 208)	(967)	(841)	(1 511)	(2 887)	(1 142)	(2 618)	(791)	1 873	1 781	4 515	3 554	2 947	1 735	618	694	316	242	454	1 302	2 007	2 326
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(5)	(13)	(22)	(29)	(39)	(47)	(57)	(77)	(96)	(124)	(153)	(184)	(210)	(237)	(272)	(291)	(310)	(322)	(326)	(330)	(334)	(350)	(404)	(441)	(462)	(237)	(96)	22	125	0	0	0	0	0	1	1	(0)	(1)	(3)	(6)	(9)	(10)	(9)	(6)	(2)	1	2	2	(2)	(12)	(85)	(158)	(226)	(286)
Net Income (Common)	127 N/A	134 +5%	136 +1%	154 +13%	168 +9%	161 -4%	163 +1%	170 +4%	179 +5%	279 +55%	286 +3%	280 -2%	286 +2%	220 -23%	231 +5%	260 +13%	256 -2%	236 -8%	221 -6%	220 0%	205 -7%	268 +31%	269 +0%	258 -4%	271 +5%	219 -19%	283 +29%	256 -10%	257 +1%	228 -11%	135 -41%	157 +16%	173 +10%	176 +2%	210 +19%	228 +8%	262 +15%	320 +22%	462 +45%	480 +4%	430 -10%	373 -13%	226 -39%	183 -19%	212 +15%	267 +26%	324 +21%	391 +21%	483 +24%	507 +5%	517 +2%	387 -25%	368 -5%	263 -29%	205 -22%	85 -58%	(83) N/A	(347) -319%	(396) -14%	(453) -15%	(295) +35%	5 N/A	36 +614%	1 509 +4 044%	(242) N/A	(265) -10%	(328) -24%	(2 245) -585%	(468) +79%	(360) +23%	(681) -89%	(1 222) -79%	(1 579) -29%	(1 968) -25%	(2 208) -12%	(967) +56%	(841) +13%	(1 511) -80%	(2 887) -91%	(1 143) +60%	(2 621) -129%	(797) +70%	1 864 N/A	1 771 -5%	4 506 +154%	3 548 -21%	2 945 -17%	1 735 -41%	620 -64%	696 +12%	314 -55%	231 -27%	369 +60%	1 144 +210%	1 781 +56%	2 039 +15%
EPS (Diluted)	0.97 N/A	1.03 +6%	1.06 +3%	1.2 +13%	1.32 +10%	1.27 -4%	1.28 +1%	1.34 +5%	1.41 +5%	2.19 +55%	2.2 +0%	2.21 +0%	2.3 +4%	1.77 -23%	1.86 +5%	2.09 +12%	2.1 +0%	1.93 -8%	1.79 -7%	1.8 +1%	1.66 -8%	2.18 +31%	2.19 +0%	2.1 -4%	2.2 +5%	1.72 -22%	2.14 +24%	2 -7%	1.95 -3%	1.71 -12%	1.03 -40%	1.19 +16%	1.29 +8%	1.24 -4%	1.43 +15%	1.57 +10%	1.75 +11%	2.13 +22%	3.08 +45%	3.19 +4%	2.84 -11%	2.48 -13%	1.5 -40%	1.21 -19%	1.39 +15%	1.76 +27%	2.13 +21%	2.57 +21%	3.15 +23%	3.31 +5%	3.39 +2%	2.53 -25%	2.41 -5%	1.71 -29%	1.36 -20%	0.56 -59%	-0.53 N/A	-2.07 -291%	-2.28 -10%	-2.71 -19%	-1.69 +38%	0.02 N/A	0.2 +900%	8.04 +3 920%	-0.91 N/A	-0.99 -9%	-1.26 -27%	-8.6 -583%	-1.83 +79%	-1.41 +23%	-2.67 -89%	-4.79 -79%	-6.18 -29%	-7.7 -25%	-8.64 -12%	-3.71 +57%	-3.01 +19%	-5.41 -80%	-8.09 -50%	-3.54 +56%	-7 -98%	-1.95 +72%	4.6 N/A	4.36 -5%	11.43 +162%	9.8 -14%	7.07 -28%	4.22 -40%	1.39 -67%	1.57 +13%	0.56 -64%	0.45 -20%	0.61 +36%	1.89 +210%	2.83 +50%	3.31 +17%

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EQT Corp
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NYSE:EQT

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