EQT Q3 FY25: where the revenue came from and where it went
The whole income statement of EQT for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 22, 2025
Revenue$2.0B
+53% year over year
Gross profit$1.6B
81% margin
Operating profit$0.6B
31% margin
Net profit$0.3B
17% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Segment revenue | 2.2 | 110% | |
| Sales of natural gas, NGLs and oil | 1.7 | 85% | |
| Gathering | 0.3 | 15% | |
| NGLs | 0.1 | 5% | |
| Transmission | 0.1 | 5% | |
| Eliminations | −0.2 | −10% | |
| Net revenue | 2.0 | 100% | +53% |
| Cost of revenue | −0.4 | 20% | |
| Gross profit | 1.6 | 81% margin | +15pp |
| SG&A | −0.1 | 5% | −2pp |
| Other | −0.9 | 45% | +0pp |
| Operating profit | 0.6 | 31% margin | +53pp |
| Interest & other costs | −0.1 | ||
| Tax | −0.2 | ||
| Net profit | 0.3 | 17% margin | +41pp |
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