EQT Corporation reported a strong start to 2025 with a revenue of $2.418B in QQ1 2025, delivering a gross profit of $1.331B and a net income of $242.1M. The quarter featured a substantial year-over-year and quarterly improvement in profitability metrics, supported by a robust gross margin of 55.0% and an EBITDA of $1.132B. Operating income reached $496.3M, underscoring disciplined cost management alongside favorable gas price realizations. Free cash flow was a standout at $1.241B, driven by $1.741B of cash flow from operations and modest capital expenditure of $499.6M, yielding a strong free cash flow per share of $2.08 and operating cash flow per share of $2.91. The company maintained a focused capital allocation stance, culminating in a dividend payout that aligns with a 38.9% payout ratio, while generating net debt of approximately $8.11B on the balance sheet.