EQT Corporation (EQT)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	252,656	2,104,190	2,324,680	-1,570,780	-1,254,090
Revenue	US$ in thousands	5,273,310	6,908,920	7,497,690	3,064,660	3,058,840
Pretax margin		4.79%	30.46%	31.01%	-51.25%	-41.00%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $252,656K ÷ $5,273,310K
= 4.79%

For EQT Corporation, the pretax margin has fluctuated significantly over the past five years. In December 2020 and December 2021, the company reported negative pretax margins of -41.00% and -51.25% respectively, indicating that the company's operating expenses and other costs were higher than its revenue before accounting for taxes.

However, there was a notable turnaround in December 2022 and December 2023, with pretax margins of 31.01% and 30.46% respectively. This improvement suggests that EQT Corporation was able to generate higher revenues relative to its costs and expenses during these periods.

In December 2024, the pretax margin decreased to 4.79%, indicating a slight dip compared to the previous years. While still positive, this decline may signal a potential increase in costs or a slowdown in revenue growth compared to the previous years.

Overall, the trend in EQT Corporation's pretax margin reflects a mix of challenges and successes in managing the company's profitability and operational efficiency over the analyzed period. It would be important for stakeholders to further investigate the specific factors contributing to these fluctuations to understand the company's financial performance in more depth.