EQT said net income attributable to EQT Corporation for the 3 months ended June 30, 2025 was $784.1 million, or $1.30 per diluted share, compared to $9.5 million, or $0.02 per share, for the same period in the prior year. Net income for the 6 months was $1,026.3 million, or $1.70 per share, compared to $113.0 million, or $0.25 per share, for the same period in the prior year.

1. 01

   EQT said net income attributable to EQT Corporation for the 3 months ended June 30, 2025 was $784.1 million, or $1.30 per diluted share, compared to $9.5 million, or $0.02 per share, for the same period in the prior year. Net income for the 6 months was $1,026.3 million, or $1.70 per share, compared to $113.0 million, or $0.25 per share, for the same period in the prior year.

2. 02

   The company completed the Olympus Energy Acquisition on July 1, 2025, which included approximately 90,000 net acres and approximately 500 MMcf per day of net production. EQT said the purchase price consisted of 26,031,237 shares of EQT common stock and $500 million in cash, in each case subject to customary purchase price adjustments, and that it funded the cash consideration with cash on hand and borrowings under EQT's revolving credit facility.

3. 03

   EQT said net cash provided by operating activities for the 6 months ended 2025 was approximately $2,983 million, compared to approximately $1,478 million for the same period in the prior year; net cash used in investing activities was approximately $1,198 million, compared to approximately $879 million for the same period in the prior year; and net cash used in financing activities was approximately $1,431 million, compared to approximately $649 million for the same period in the prior year.

4. 04

   The company said it expects total capital expenditures in 2025 to be approximately $2,300 million to $2,450 million, including amounts attributable to the assets acquired in the Olympus Energy Acquisition, and sales volume to be 2,300 Bcfe to 2,400 Bcfe. It added that it expects to fund its capital expenditures with cash generated from operations and, if required, borrowings under EQT's revolving credit facility.

Key figures

Quarter ended June 30, 2025

Revenue

$2.6B

Operating income

$1.1B

Net income

$784M

EPS

$1.30

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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