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EQTEQT Corporation

Energy · Oil & Gas Production · NYSE

We are a vertically integrated natural gas company with upstream, gathering and transmission operations focused in the Appalachian Basin. 10-K, Item 1

Employees
1,523
Headquarters
Canonsburg, PA
CEO
Toby Z. Rice
Next results
around Jan 28, 2027
Compare with peers → Embed
RevenueFY2016–25 $8.6B+63.9% FY2024: $5.3B 10-K FY2025 · XBRL Net incomeFY2016–25 $2.0B+784.4% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.8B+395.0% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 37.6%+24.6 pts -46.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 18, 2026 against Feb 19, 2025
AreaWhat changedSource
Risk factors1 new paragraph, nothing like it in the previous 10-K10-K Item 1A
Critical audit matters changedNew this year: Valuation of Acquired Natural Gas and Oil Properties (“As described in Note 11 to the consolidated financial statements, on July 1, 2025, the Company completed the Olympus Energy Acquisition of certain natural gas and oil properties and related midstream assets. EQT accounted for the Olympus Energy Acquisition as a business combination under the acquisi”). No longer listed: Accounting for the new Midstream Joint Venture. Same as last year: Depreciation, depletion and amortization ('DD&A') of proved oil and natural gas properties10-K · XBRL
Accounting checks9 other checks clear, 1 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings4 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 18, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-19. Quoted as filed.

  1. At the international level, in December 2015, the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change resulted in nearly 200 countries, including the United States, coming together to develop the Paris Agreement, which calls for the signatories to the agreement to undertake "ambitious efforts" to…
    10-K, Item 1A

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

  • !
    Critical audit matters changedNew this year: Valuation of Acquired Natural Gas and Oil Properties (“As described in Note 11 to the consolidated financial statements, on July 1, 2025, the Company completed the Olympus Energy Acquisition of certain natural gas and oil properties and related midstream assets. EQT accounted for the Olympus Energy Acquisition as a business combination under the acquisi”). No longer listed: Accounting for the new Midstream Joint Venture. Same as last year: Depreciation, depletion and amortization ('DD&A') of proved oil and natural gas properties
  • ✓
    Receivables +28.7% vs revenue +63.9% (-35.2 pts)
  • ✓
    Cash from operations $5.1B vs net income $2.0B (FY ending 2025-12-31)
  • ✓
    Same auditor in both 10-Ks: Ernst & Young LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on EQT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/EQT/export.csv") into a cell.