EQT Corporation (EQT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 3.06B | 1.13B | 1.02B | 1.24B | 1.74B | 756.28M | 592.99M | 322.05M | 1.16B | 624.39M | 454.58M | 437.11M | 1.66B | 1.06B | 1.15B | 230.42M | 1.02B | 1.17B | 48.11M | 43.48M |
| Operating CF Margin % | 90.42% | 49.49% | 55.83% | 48.55% | 71.99% | 41.82% | 48.73% | 36.14% | 88.51% | 45.54% | 45.09% | 51.16% | 90.55% | 41.35% | 31.11% | 6.83% | 40.87% | 41.48% | 2.68% | 4.01% |
| Operating CF Growth % | 75.46% | 48.81% | 71.62% | 285.57% | 50.66% | 21.12% | 30.45% | -26.32% | -30.5% | -41.31% | -60.48% | 89.7% | 62.82% | -9.15% | 2290.7% | 429.96% | 155.36% | 188.32% | -73.92% | -90.27% |
| Net Income | 1.55B | 677.1M | 553M | 856.66M | 315.42M | 427.25M | -297.43M | 9.24M | 103.06M | 501.45M | 80.73M | -66.87M | 1.22B | 1.71B | 687.46M | 894.22M | -1.51B | 1.8B | -1.98B | -933.32M |
| Depreciation & Amortization | 654.79M | 667.76M | 688.38M | 623.47M | 620.77M | 620.32M | 589.3M | 465.98M | 486.75M | 506.81M | 450.97M | 399.74M | 391.57M | 1.62B | 426.02M | 436.37M | 432.49M | 510.56M | -739.15M | 386.69M |
| Stock-Based Compensation | 18.6M | 0 | 15.29M | 13.77M | 14.77M | 16.77M | 118.93M | 12.1M | 10.55M | 11.65M | 14.85M | 12.06M | 11.28M | 11.49M | 12.15M | 14.09M | 7.47M | 7.35M | 7.31M | 7.28M |
| Deferred Taxes | 410.4M | 211.16M | 141.8M | 232.66M | 72.22M | 138.46M | -101.14M | -45.98M | 23.39M | 156.97M | -126.21M | -2.71M | 356.62M | 548.84M | 150.45M | 308.88M | -473.56M | 591.09M | -660.87M | -347.26M |
| Other Non-Cash Items | -129.37M | -5.78M | -274.41M | -808.67M | 643.58M | 28.12M | 212.63M | -36.3M | 326.78M | -402.29M | 22.42M | -1.44M | -741.61M | -3.27B | -336.42M | -737.25M | 2.44B | -2.17B | 3.77B | 1.28B |
| Working Capital Changes | 546.69M | -424.86M | -106.36M | 323.82M | 74.4M | -474.63M | 70.7M | -83M | 205.12M | -150.2M | 11.83M | 96.33M | 425.68M | 441.95M | 210.46M | -685.89M | 132.71M | 429.91M | -347.98M | -353.11M |
| Change in Receivables | 507.02M | -649.82M | 646K | 386.55M | -90.85M | -551.9M | 92.87M | -134.07M | 372.65M | -255.16M | -5.19M | 147.13M | 980.91M | 338.07M | 119.57M | -852.59M | 225.97M | -295.55M | -304.88M | 13.34M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 39.67M | 211.56M | -14.74M | -142.97M | 153.22M | 138.76M | -75.14M | 70.04M | -117.16M | 109.77M | 16.34M | -109.7M | -422.52M | -162.47M | -16.28M | 307.34M | 52.87M | 180.48M | 165.32M | -5.54M |
| Cash from Investing | -842.44M | -621.01M | -1.03B | -663.99M | -534.04M | 582.35M | -1.28B | -312.06M | -567.15M | -539.55M | -2.79B | -485.5M | -498.33M | -404.62M | -509.45M | -216.51M | -291.17M | -357.88M | -1.04B | -426.99M |
| Capital Expenditures | -598.5M | -604.13M | -626.4M | -549.64M | -499.65M | -591.6M | -569.48M | -558.16M | -534.47M | -533.14M | -504.1M | -487.01M | -494.78M | -352.97M | -362.5M | -392.69M | -292.28M | -348.19M | -236.68M | -218.98M |
| CapEx % of Revenue | 17.71% | 26.57% | 34.37% | 21.49% | 20.66% | 32.72% | 46.79% | 62.63% | 40.93% | 38.88% | 50% | 57% | 26.95% | 13.72% | 9.81% | 11.64% | 11.7% | 12.33% | 13.2% | 20.17% |
| Acquisitions | 0 | 11.52M | -342.59M | -114.27M | -27.95M | -70.27M | -711.68M | -207.7M | -32.66M | 16.32M | -2.29B | 0 | 0 | -55.35M | -150M | 0 | 0 | -8.73M | -811.75M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -216.05M | 10.14M | -12.46M | -80K | -6.45M | 1.24B | -1.96M | 453.81M | -23K | -22.73M | 7.03M | 1.51M | -3.54M | 3.7M | 3.05M | 176.18M | 1.11M | -965K | 8.46M | -208.01M |
| Cash from Financing | -2B | -629.32M | -311.59M | -303.98M | -1.13B | -1.23B | 749.14M | -628.06M | -21.44M | -68.61M | 1.18B | -863.38M | -495.82M | 711.92M | -596.87M | 12.92M | -827.1M | -721.89M | 683.87M | 673.61M |
| Debt Issued (Net) | -1.82B | -413.93M | -192.8M | -90.8M | -935.82M | -4.48B | 915.65M | -557.25M | -2.11M | -1.49M | 1.25B | -801.45M | -211.43M | 915.93M | -356.39M | 67.53M | -544.17M | -712.33M | 685.69M | 693.37M |
| Equity Issued (Net) | 0 | 0 | 3.01M | -3.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -201.03M | -139.14M | -53.85M | 0 | -216.49M | 0 | 0 | 0 |
| Dividends Paid | -103.07M | -102.97M | -98.29M | -94.28M | -94.1M | -93.98M | -93.64M | -69.55M | -69.41M | -65.77M | -54.25M | -54.25M | -54.07M | -54.86M | -55.49M | -46.21M | -47.06M | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 3.01M | -3.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -201.03M | -139.14M | -53.85M | 0 | -216.49M | 0 | 0 | 0 |
| Other Financing | -74.74M | -112.42M | -23.51M | -115.89M | -97.54M | 3.35B | -72.88M | -1.26M | 50.08M | -1.35M | -9.33M | -7.68M | -29.3M | -10.01M | -131.13M | -8.4M | -19.37M | -9.56M | -1.81M | -19.76M |
| Net Change in Cash | 215.77M | -124.94M | -319.76M | 273.73M | 79.67M | 113.11M | 59.01M | -618.07M | 567.07M | 16.23M | -1.15B | -911.77M | 668.62M | 1.37B | 43.8M | 26.83M | -97.05M | 91.17M | -307.98M | 290.1M |
| Free Cash Flow | 2.46B | 521.26M | 391.3M | 692.06M | 1.24B | 164.68M | 23.51M | -236.12M | 621.2M | 91.25M | -49.52M | -49.9M | 1.17B | 710.83M | 787.62M | -162.27M | 728.94M | 822.76M | -188.57M | -175.5M |
| FCF Margin % | 72.71% | 22.92% | 21.47% | 27.06% | 51.33% | 9.11% | 1.93% | -26.5% | 47.57% | 6.65% | -4.91% | -5.84% | 63.61% | 27.63% | 21.31% | -4.81% | 29.17% | 29.14% | -10.52% | -16.17% |
| FCF Growth % | 97.87% | 216.53% | 1564.39% | 393.1% | 99.86% | 80.48% | 147.48% | -373.21% | -46.81% | -87.16% | -106.29% | 69.25% | 60.23% | -13.6% | 517.68% | 7.54% | 390.41% | 440.3% | -105.34% | -191.92% |
| FCF per Share | 3.93 | 0.83 | 0.62 | 1.15 | 2.06 | 0.27 | 0.04 | -0.53 | 1.40 | 0.20 | -0.12 | -0.14 | 2.97 | 1.78 | 1.95 | -0.40 | 1.95 | 2.14 | -0.53 | -0.63 |
| FCF Conversion (FCF/Net Income) | 1.97x | 1.66x | 3.03x | 1.58x | 7.19x | 1.81x | -1.97x | 33.84x | 11.17x | 1.24x | 5.59x | -6.56x | 1.36x | 0.62x | 1.68x | 0.26x | -0.67x | 0.65x | -0.02x | -0.05x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 205.14M | 91.69M | 55.19M | 49.75M | 67.35M | 50.47M | 52.67M | 42.65M | 0 | 74.97M | 50.57M | 82.7M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 3.11M | 0 | -2.03M | 6.88M | -91K | -178K | 93K | 13.53M | 0 | 4.11M | 4.29M | 2.13M | 0 | 0 | 0 |