EQT debt and dilution47

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$5,655.714M

Cash & equivalents

USD millions

$112.863M

Net debt

USD millions

$5,542.851M

Debt / equity

0.2×

Debt / assets

13.69%

Net debt / EBITDA

× · TTM

0.82×

Debt / FCF

× · TTM

1.5×

Interest coverage

× · TTM

10.44×

Current ratio

0.67×

Diluted shares

Million shares

629.05M shares

Basic shares

Million shares

625.96M shares

Share count growth

4.46%

Share repurchases

USD millions

—

Quarterly data

EQT capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	5,655.71	112.86	5,542.85	0.2×	13.69%	0.82×	1.5×	10.44×	0.67×	629.05	625.96	4.46%	—
FY 2026 Q1	Mar 31, 2026	5,992.41	326.57	5,665.84	0.21×	14.37%	0.76×	1.48×	11.46×	0.66×	629.21	625.14	4.54%	—
FY 2025 Q4	Dec 31, 2025	7,800.33	110.8	7,689.53	0.29×	18.66%	1.31×	2.75×	7.41×	0.76×	628.45	624.41	4.65%	—
FY 2025 Q3	Sep 30, 2025	8,217.82	235.74	7,982.09	0.31×	19.95%	1.43×	3.3×	5.8×	0.58×	628.32	624.53	11.6%	—
FY 2025 Q2	Jun 30, 2025	8,315.04	555.49	7,759.55	0.33×	20.96%	1.69×	3.92×	3.75×	0.71×	602.92	599.22	35.58%	—
FY 2025 Q1	Mar 31, 2025	8,392.78	281.76	8,111.02	0.34×	21.14%	2.46×	7.03×	1.93×	0.57×	602.84	597.98	36.07%	—
FY 2024 Q4	Dec 31, 2024	9,324.18	202.09	9,122.08	0.38×	23.41%	3.2×	16.27×	1.51×	0.7×	616.57	596.69	43.29%	0
FY 2024 Q3	Sep 30, 2024	13,793.55	88.98	13,704.57	0.67×	34.53%	5.13×	27.6×	1.84×	0.51×	559.6	559.6	45.97%	0
FY 2024 Q2	Jun 30, 2024	4,951.79	29.97	4,921.81	0.33×	20.04%	1.74×	11.6×	3.8×	0.73×	444.92	441.97	22.1%	0
FY 2024 Q1	Mar 31, 2024	5,504.74	648.05	4,856.69	0.36×	21.64%	1.79×	8.98×	3.9×	0.88×	444.97	439.46	21.58%	0
FY 2023 Q4	Dec 31, 2023	5,795.11	80.98	5,714.14	0.39×	22.92%	1.41×	5×	10.54×	0.99×	446.95	416.41	13.68%	0
FY 2023 Q3	Sep 30, 2023	5,915.87	64.75	5,851.12	0.42×	24.09%	1.06×	3.32×	19.32×	0.59×	416.19	383.36	3.61%	0
FY 2023 Q2	Jun 30, 2023	4,671.55	1,215.49	3,456.06	0.39×	21.96%	0.54×	1.79×	23.84×	1.11×	361.98	361.98	-2.13%	0
FY 2023 Q1	Mar 31, 2023	5,471.81	2,127.26	3,344.54	0.45×	24.12%	0.43×	2.19×	27.23×	1.48×	393.88	361.46	-3.39%	201.03
FY 2022 Q4	Dec 31, 2022	5,678.96	1,458.64	4,220.32	0.51×	25.05%	0.96×	2.75×	10.89×	1.08×	493.94	366.31	-2.91%	139.14
FY 2022 Q3	Sep 30, 2022	4,769.32	87.54	4,681.78	0.49×	21.16%	1.02×	2.19×	10.56×	0.59×	403.89	369.99	3.7%	53.85
FY 2022 Q2	Jun 30, 2022	5,042.07	43.75	4,998.32	0.55×	22.29%	4.58×	4.2×	-2.33×	0.57×	407.3	369.87	32.49%	0
FY 2022 Q1	Mar 31, 2022	—	16.91	—	—	—	—	—	-10.8×	0.4×	374.14	374.14	34.17%	216.49
FY 2021 Q4	Dec 31, 2021	5,485	113.96	5,371.04	0.55×	25.38%	17.01×	9.03×	-4.41×	0.45×	377.31	377.31	36.81%	12.92
FY 2021 Q3	Sep 30, 2021	—	22.79	—	—	—	—	—	-11.97×	0.46×	356.79	356.79	39.6%	0
FY 2021 Q2	Jun 30, 2021	—	330.77	—	—	—	—	—	-6.17×	0.59×	279.16	279.16	9.25%	0
FY 2021 Q1	Mar 31, 2021	—	40.67	—	—	—	—	—	-3.49×	0.75×	278.85	278.85	9.17%	0
FY 2020 Q4	Dec 31, 2020	4,925.47	18.21	4,907.26	0.53×	27.19%	9.51×	9.94×	-3.24×	0.69×	275.79	275.79	8%	—
FY 2020 Q3	Sep 30, 2020	—	13.67	—	—	—	—	—	-10.27×	0.73×	255.59	255.59	0.14%	—
FY 2020 Q2	Jun 30, 2020	—	2.97	—	—	—	—	—	-8.56×	0.99×	255.52	255.52	0.17%	—
FY 2020 Q1	Mar 31, 2020	—	18.65	—	—	—	—	—	-5.86×	1.32×	255.44	255.44	0.15%	—
FY 2019 Q4	Dec 31, 2019	4,998.98	4.6	4,994.38	0.51×	26.58%	12.92×	20.06×	-5.76×	1.3×	255.35	255.35	—	0
FY 2019 Q3	Sep 30, 2019	—	7.54	—	—	—	—	—	-1.81×	1.03×	255.24	255.24	-46.47%	0
FY 2019 Q2	Jun 30, 2019	—	30.17	—	—	—	—	—	-0.14×	1.04×	255.22	255.1	-47.6%	0
FY 2019 Q1	Mar 31, 2019	—	40.85	—	—	—	—	—	-1.04×	0.63×	255.39	255.05	-47.58%	0
FY 2018 Q4	Dec 31, 2018	4,697.38	3.49	4,693.89	0.43×	22.67%	—	414.52×	-12.16×	0.84×	-397.42	-397.42	-194.49%	0
FY 2018 Q3	Sep 30, 2018	8,036.1	4.86	8,031.24	0.5×	28.04%	25.72×	—	-4.37×	0.47×	476.81	476.81	49.62%	0.01
FY 2018 Q2	Jun 30, 2018	8,032.91	698.03	7,334.88	0.48×	27.73%	38.73×	—	-4.83×	0.76×	487.09	486.86	52.79%	0.01
FY 2018 Q1	Mar 31, 2018	5,564.83	210.38	5,354.44	0.33×	20.14%	52.31×	—	-5.13×	1.07×	486.58	486.58	52.92%	0.01
FY 2017 Q4	Dec 31, 2017	5,570.55	147.32	5,423.24	0.3×	18.87%	2.7×	—	4.6×	0.94×	422.01	420.6	32.9%	0.02
FY 2017 Q3	Sep 30, 2017	3,293.51	483.56	2,809.95	0.35×	20.6%	1.88×	367.78×	2.99×	0.6×	319.04	318.68	0.35%	0
FY 2017 Q2	Jun 30, 2017	3,292.16	572.34	2,719.82	0.35×	20.94%	1.87×	—	3.08×	0.74×	318.87	318.65	3.99%	0.01
FY 2017 Q1	Mar 31, 2017	3,290.81	899.38	2,391.44	0.35×	21.03%	2.59×	—	-0.1×	1.4×	318.74	318.19	10.52%	0.01
FY 2016 Q4	Dec 31, 2016	3,289.46	1,103.54	2,185.92	0.36×	21.26%	3.36×	—	-1.88×	2.27×	316.48	316.48	12.89%	0.01
FY 2016 Q3	Sep 30, 2016	2,800	1,757.41	1,042.59	0.3×	18.8%	1.21×	7.4×	-0.3×	3.47×	317.56	317.56	13.32%	0.01
FY 2016 Q2	Jun 30, 2016	2,800	2,257.02	542.98	0.3×	18.94%	0.61×	5.04×	0.12×	4.96×	306.41	306.41	9.41%	0.01
FY 2016 Q1	Mar 31, 2016	2,800	1,556.49	1,243.51	0.33×	19.93%	1.02×	3.42×	2.58×	5.12×	288.77	287.89	3.08%	0.01
FY 2015 Q4	Dec 31, 2015	2,793.34	1,601.23	1,192.11	0.35×	19.99%	0.86×	2.3×	3.84×	2.83×	281.77	280.35	0.66%	0
FY 2015 Q3	Sep 30, 2015	3,328.2	1,662.68	1,665.52	0.43×	24.22%	1.23×	—	3.78×	2.28×	280.79	280.24	0.66%	0
FY 2015 Q2	Jun 30, 2015	3,290.2	1,958.16	1,332.04	0.43×	24.24%	0.96×	—	4.22×	2.41×	280.84	280.06	0.47%	3.38
FY 2015 Q1	Mar 31, 2015	3,284.44	1,783.52	1,500.92	0.46×	25.14%	0.98×	—	5.72×	2.39×	280.61	279.29	0.44%	0
FY 2014 Q4	Dec 31, 2014	2,988.9	1,077.43	1,911.47	0.47×	24.77%	1.25×	2.41×	6.25×	2.28×	280.41	278.51	0.56%	0
FY 2014 Q3	Sep 30, 2014	2,994.26	1,171.52	1,822.75	0.48×	25.45%	1.11×	—	7.56×	3.01×	279.83	278.41	0.58%	0
FY 2014 Q2	Jun 30, 2014	2,827.62	1,274.27	1,553.35	0.47×	24.83%	0.98×	—	7.1×	2.07×	280.27	278.75	0.81%	—
FY 2014 Q1	Mar 31, 2014	2,607.98	909.8	1,698.18	0.52×	25.45%	1.11×	—	6.43×	1.81×	280.62	278.07	0.69%	—
FY 2013 Q4	Dec 31, 2013	2,501.52	845.64	1,655.87	0.51×	25.55%	1.27×	2.3×	4.59×	2.4×	281.13	276.96	0.64%	0
FY 2013 Q3	Sep 30, 2013	2,501.88	423.9	2,077.98	0.53×	25.84%	1.56×	—	3.99×	1.73×	278.6	276.8	0.72%	—
FY 2013 Q2	Jun 30, 2013	2,560.29	16.7	2,543.59	0.62×	28.28%	2.12×	—	3.41×	1.17×	278.11	276.51	—	—
FY 2013 Q1	Mar 31, 2013	2,505.65	160.33	2,345.32	0.64×	28.47%	—	—	—	1.32×	277.29	276.15	—	—
FY 2012 Q4	Dec 31, 2012	2,526.17	182.06	2,344.12	0.65×	28.54%	2.42×	—	2.55×	1.49×	277.77	275.2	—	—
FY 2012 Q3	Sep 30, 2012	2,726.54	638.99	2,087.54	0.71×	30.3%	—	—	—	1.5×	276.26	274.82	—	—
FY 2011 Q2	Jun 30, 2011	2,013.37	79.23	1,934.14	0.62×	27.61%	2.21×	—	4.55×	1.69×	275.75	274.53	1.27%	—
FY 2011 Q1	Mar 31, 2011	1,949.2	138.63	1,810.57	0.62×	27.7%	2.3×	—	3.93×	1.52×	275.55	274.21	11.33%	—
FY 2010 Q4	Dec 31, 2010	2,002.85	0	2,002.85	0.65×	28.22%	2.7×	—	3.67×	1.39×	274.56	273.06	13.59%	—
FY 2010 Q3	Sep 30, 2010	—	197.37	—	—	—	—	—	3.31×	1.48×	275.14	273.96	13.97%	—
FY 2010 Q2	Jun 30, 2010	—	425.6	—	—	—	—	—	2.98×	1.85×	272.41	271.1	12.8%	—
FY 2010 Q1	Mar 31, 2010	—	553.03	—	—	—	—	—	3.08×	2.37×	248.01	246.31	—	—
FY 2009 Q4	Dec 31, 2009	1,954.2	0	1,954.2	0.91×	32.8%	3.53×	—	3.19×	1.13×	241.71	240.39	—	—
FY 2009 Q3	Sep 30, 2009	1,951.5	192.5	1,759	0.92×	34.3%	—	—	—	1.48×	241.57	240.37	—	—
FY 2009 Q2	Jun 30, 2009	1,953.5	335.35	1,618.16	0.91×	34.42%	—	—	—	1.95×	241.46	240.33	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · EQT, USD. Latest completed close Oct 22, 2026. Price data retrieved Oct 23, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

SEC company facts · CIK 33213