What is EQT's EBITDA margin?

Latest reported EBITDA margin for EQT (EQT) is 74.05% as of the trailing twelve months (TTM) ending March 31, 2026.

How has EQT EBITDA margin changed year-over-year?

EQT (EQT) EBITDA margin changed +9.5 percentage points year-over-year on the latest annual filing.

When did EQT EBITDA margin hit its highest annual value?

EQT EBITDA margin reached its highest annual value of 79.99% in 2023.

What was EQT EBITDA margin in 2024?

EQT (EQT) EBITDA margin in 2024 was 55.18%.

What was EQT EBITDA margin in 2025?

EQT (EQT) EBITDA margin in 2025 was 64.71%.

EQT (EQT) EBITDA Margin — Annual & Quarterly %

TTM

74.1%

YoY change

+9.54pp

Trough year (2018)

-22.7%

Peak year (2023)

80.0%

EBITDA Margin history chart for EQT (EQT) from 1985 to 2025

Latest: 64.7%

EBITDA Margin change chart for EQT (EQT) from 1985 to 2025

Latest: +9.54pp

EBITDA Margin history table for EQT (EQT) from 1985 to 2025


2025	64.7%	+9.54pp	Dec 31, 2025	Feb 18, 2026
2024	55.2%	-24.81pp	Dec 31, 2024	Feb 19, 2025
2023	80.0%	+44.98pp	Dec 31, 2023	Feb 14, 2024
2022	35.0%	+28.74pp	Dec 31, 2022	Feb 16, 2023
2021	6.3%	-10.66pp	Dec 31, 2021	Feb 10, 2022
2020	16.9%	+11.66pp	Dec 31, 2020	Feb 17, 2021
2019	5.3%	+27.96pp	Dec 31, 2019	Feb 27, 2020
2018	-22.7%	-70.51pp	Dec 31, 2018	Apr 29, 2019
2017	47.8%	+38.96pp	Dec 31, 2017	Feb 15, 2018
2016	8.9%	-62.38pp	Dec 31, 2016	Feb 9, 2017
2015	71.3%	+8.92pp	Dec 31, 2015	Feb 11, 2016
2014	62.3%	-9.65pp	Dec 31, 2014	Feb 12, 2015
2013	72.0%	+16.90pp	Dec 31, 2013	Feb 20, 2014
2012	55.1%	-14.05pp	Dec 31, 2012	Feb 21, 2013
2011	69.1%	+12.15pp	Dec 31, 2011	Feb 16, 2012
2010	57.0%	+12.76pp	Dec 31, 2010	Feb 24, 2011
2009	44.2%	+5.79pp	Dec 31, 2009	Feb 18, 2010
2008	38.4%	+7.46pp	Dec 31, 2008	Feb 20, 2009
2007	31.0%	-6.09pp	Dec 31, 2007	Feb 22, 2008
2006	37.0%	+1.54pp	Dec 31, 2006	Feb 23, 2007
2005	35.5%	+4.31pp	Dec 31, 2005	Feb 24, 2006
2004	31.2%	-3.66pp	Dec 31, 2004	Feb 25, 2005
2003	34.9%	+1.57pp	Dec 31, 2003	Mar 1, 2004
2002	33.3%	+14.72pp	Dec 31, 2002	Mar 5, 2003
2001	18.6%	-0.38pp	Dec 31, 2001	Mar 19, 2002
2000	19.0%	-3.95pp	Dec 31, 2000	Mar 15, 2001
1999	22.9%	+5.33pp	Dec 31, 1999	Mar 17, 2000
1998	17.6%	+7.82pp	Dec 31, 1998	Mar 19, 1999
1997	9.8%	+0.45pp	Dec 31, 1997	Mar 23, 1998
1996	9.3%	-8.05pp	Dec 31, 1996	Mar 24, 1997
1995	17.4%	+2.79pp	Dec 31, 1995	Apr 26, 1996
1994	14.6%	-4.37pp	Dec 31, 1994	Mar 22, 1995
1993	18.9%	-3.25pp	Dec 31, 1993	Mar 24, 1994
1992	22.2%	-2.98pp	Dec 31, 1992	Dec 31, 1992
1991	25.2%	+2.09pp	Dec 31, 1991	Dec 31, 1991
1990	23.1%	-3.66pp	Dec 31, 1990	Dec 31, 1990
1989	26.7%	-3.87pp	Dec 31, 1989	Dec 31, 1989
1988	30.6%	+3.15pp	Dec 31, 1988	Dec 31, 1988
1987	27.5%	-1.35pp	Dec 31, 1987	Dec 31, 1987
1986	28.8%	+2.37pp	Dec 31, 1986	Dec 31, 1986
1985	26.4%	—	Dec 31, 1985	Dec 31, 1985

202564.7%+9.54pp
202455.2%-24.81pp
202380.0%+44.98pp
202235.0%+28.74pp
20216.3%-10.66pp
202016.9%+11.66pp
20195.3%+27.96pp
2018-22.7%-70.51pp
201747.8%+38.96pp
20168.9%-62.38pp
201571.3%+8.92pp
201462.3%-9.65pp
201372.0%+16.90pp
201255.1%-14.05pp
201169.1%+12.15pp
201057.0%+12.76pp
200944.2%+5.79pp
200838.4%+7.46pp
200731.0%-6.09pp
200637.0%+1.54pp
200535.5%+4.31pp
200431.2%-3.66pp
200334.9%+1.57pp
200233.3%+14.72pp
200118.6%-0.38pp
200019.0%-3.95pp
199922.9%+5.33pp
199817.6%+7.82pp
19979.8%+0.45pp
19969.3%-8.05pp
199517.4%+2.79pp
199414.6%-4.37pp
199318.9%-3.25pp
199222.2%-2.98pp
199125.2%+2.09pp
199023.1%-3.66pp
198926.7%-3.87pp
198830.6%+3.15pp
198727.5%-1.35pp
198628.8%+2.37pp
198526.4%—

EBITDA Margin values are taken from EQT's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at EQT (EQT)

According to EQT's latest reported financial statements, the company's latest reported EBITDA margin is 74.1%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 31, 2026 (reported April 22, 2026). Chart and table below cover the full reported history back to 1985.

2025's annual EBITDA margin for EQT (EQT) came in at 64.71% – expanded 9.5 percentage points year-over-year.

79.99% stands as the all-time-high annual EBITDA margin, posted in 2023, against a low of -22.68% during 2018.

EQT EBITDA Margin by Year

EQT EBITDA Margin 2025: 64.7%

2025's EBITDA margin for EQT came in at 64.71%, expanded 9.5 percentage points from 2024.

EQT EBITDA Margin 2024: 55.2%

EQT posted EBITDA margin of 55.18% in 2024, contracted 24.8 percentage points from 2023.

EQT EBITDA Margin 2023: 80.0%

In 2023, EQT reported EBITDA margin of 79.99%, expanded 45.0 percentage points from 2022. This figure represents the highest annual value in the available history.

EQT EBITDA Margin 2022: 35.0%

EQT EBITDA margin in 2022 was 35.01%, expanded 28.7 percentage points from 2021.

EQT EBITDA Margin 2021: 6.3%

EQT EBITDA margin in 2021 was 6.27%.

See more financial history for EQT (EQT).

Sector peers by EBITDA Margin

Energy peers of EQT (EQT), ranked by their latest EBITDA margin


Williams Companies (WMB)	59.5%
ConocoPhillips (COP)	38.5%
Enbridge (ENB)	27.6%
Chevron (CVX)	21.8%
SLB (SLB)	19.6%
Exxon Mobil (XOM)	18.5%
Marathon Petroleum (MPC)	9.1%
Valero Energy (VLO)	7.2%

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