Filing Flows › EQT (EQT) › Q1 2025
EQT (EQT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
EQT (EQT) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), +23% from a year earlier and +7% from the quarter before. Operating margin was 28.5%, net earnings $242M (13.9% of revenue).
EQT, Q1 2025: revenue $1.7B (+23% year over year), operating margin 28.5%, net earnings $242M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +23% |
| Operating profit | $496M | -36% | +172% |
| Net earnings | $242M | -42% | +134% |
| Operating cash flow | $1.7B | +130% | +51% |
| Free cash flow | $1.2B | +654% | +100% |
What changed
Revenue was $1.7B in Q1 2025, up 23% year over year and up 7% from the previous quarter.
Operating profit was $0.50B, a 28.5% margin (up 15.6 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 13% margin then. Total costs grew 1% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $0.24B, up 134% year over year. The effective tax rate was 20.0%.
Operating cash flow was $1.7B (up 51% year over year), 552% of net income including minority interests. Non-cash charges added back $0.62B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.79B. Capital expenditures of $0.50B left free cash flow of $1.2B.
Questions
What was EQT's revenue in the first quarter 2025?
EQT (EQT) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), +23% from a year earlier and +7% from the quarter before.
Was EQT profitable in the first quarter 2025?
Operating profit was $496M (28.5% of revenue) and net earnings $242M.
Source: EQT 10-Q on SEC EDGAR.