Eqt (EQT) Operating Margin (2009 - 2026)
Eqt's (EQT) quarterly Operating Margin came in at 60.26% in Q1 2026, up 3174.0% year-on-year from 1.84% in Q1 2025, and up 41.62% quarter-over-quarter from 42.55% in Q4 2025.
Eqt (EQT) Operating Margin (2009 - 2026) Analysis & Trends
Eqt has disclosed Operating Margin across 18 years of filings, most recently posting 60.26% for Q1 2026.
- Operating Margin for Q1 2026 came in at 60.26%, up 3174.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 46.57% (up 2293.0% YoY), and the FY2025 annual result was 37.59%, up 2460.0% from the prior year.
- Operating Margin came in at 60.26% for Q1 2026 at Eqt, up from 42.55% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 315.91% in Q4 2024 to a low of 75.94% in Q1 2022.
- The 5-year median for Operating Margin is 35.38% (2023), against an average of 42.56%.
- Across the five-year window, Operating Margin surged 33139 bps in 2022 and sank 27336 bps in 2025, its largest moves.
- Eqt's Operating Margin stood at 66.66% in 2022, then sank by 47 bps to 35.38% in 2023, then soared by 793 bps to 315.91% in 2024, then slumped by 87 bps to 42.55% in 2025, then jumped by 42 bps to 60.26% in 2026.
- The last three Operating Margin figures came in at 60.26% (Q1 2026), 42.55% (Q4 2025), and 30.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 72.10% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 45.70% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 37.54% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 71.82% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 2.74% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 24.92% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 60.26% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 71.27% |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | -0.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.26% |
| Dec 31, 2025 | 42.55% |
| Sep 30, 2025 | 30.80% |
| Jun 30, 2025 | 44.34% |
| Mar 31, 2025 | 28.52% |
| Dec 31, 2024 | 315.91% |
| Sep 30, 2024 | -21.95% |
| Jun 30, 2024 | 0.31% |
| Mar 31, 2024 | 12.94% |
| Dec 31, 2023 | 35.38% |
| Sep 30, 2023 | 1.33% |
| Jun 30, 2023 | -4.12% |
| Mar 31, 2023 | 88.01% |
| Dec 31, 2022 | 66.66% |
| Sep 30, 2022 | 44.68% |
| Jun 30, 2022 | 53.88% |
| Mar 31, 2022 | -75.94% |
| Dec 31, 2021 | -264.73% |
| Sep 30, 2021 | -178.14% |
| Jun 30, 2021 | -112.96% |