EQT Chart
About

EQT Corporation engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. The company sells natural gas, natural gas liquids, and oil to marketers, utilities, and industrial customers located in the Appalachian Basin. It also provides marketing services and contractual pipeline capacity management services, as well as engages in risk management and hedging activities. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas E&P Market Cap 36.46B
Enterprise Value 47.88B Income 2.04B Sales 8.18B
Book/sh 38.06 Cash/sh 0.18 Dividend Yield 113.00%
Payout 19.26% Employees 1523 IPO —
P/E 17.65 Forward P/E 12.56 PEG —
P/S 4.46 P/B 1.53 P/C —
EV/EBITDA 7.86 EV/Sales 5.85 Quick Ratio 0.64
Current Ratio 0.76 Debt/Eq 28.93 LT Debt/Eq —
EPS (ttm) 3.31 EPS next Y 4.65 EPS Growth 54.60%
Revenue Growth 26.90% Earnings 2026-04-21 ROA 5.35%
ROE 9.01% ROIC — Gross Margin 78.63%
Oper. Margin 54.99% Profit Margin 24.93% Shs Outstand 624.27M
Shs Float 618.93M Short Float 3.57% Short Ratio 1.87
Short Interest — 52W High 62.23 52W Low 43.57
Beta 0.73 Avg Volume 9.79M Volume 7.50M
Target Price $65.22 Recom Buy Prev Close $59.03
Price $58.41 Change -1.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$65.22
Mean price target
2. Current target
$58.41
Latest analyst target
3. DCF / Fair value
$52.74
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$58.41
Low
$48.00
High
$76.00
Mean
$65.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 main Barclays Overweight → Overweight $67
2026-02-20 main TD Cowen Buy → Buy $70
2026-02-18 main Stephens & Co. Overweight → Overweight $71
2026-01-22 main Stephens & Co. Overweight → Overweight $68
2026-01-21 main Barclays Overweight → Overweight $64
2026-01-05 main Bernstein Outperform → Outperform $73
2025-12-19 main Citigroup Buy → Buy $62
2025-12-12 main UBS Buy → Buy $76
2025-12-12 main Mizuho Outperform → Outperform $68
2025-11-21 main Scotiabank Sector Perform → Sector Perform $67
2025-11-18 main Piper Sandler Neutral → Neutral $50
2025-10-23 main Wells Fargo Overweight → Overweight $66
2025-10-17 main UBS Buy → Buy $67
2025-10-15 init William Blair — → Outperform —
2025-10-09 main Scotiabank Sector Perform → Sector Perform $70
2025-10-07 main Barclays Overweight → Overweight $67
2025-10-07 main RBC Capital Sector Perform → Sector Perform $62
2025-10-02 main Jefferies Buy → Buy $68
2025-09-30 main JP Morgan Overweight → Overweight $62
2025-08-22 main B of A Securities Buy → Buy $80
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 52350 — — Stock Award(Grant) at price 0.00 per share. RICE TOBY Z Chief Executive Officer — 2026-02-11 00:00:00 D
1 20670 — — Stock Award(Grant) at price 0.00 per share. JORDAN WILLIAM E Officer — 2026-02-11 00:00:00 D
2 7950 — — Stock Award(Grant) at price 0.00 per share. JAMES TODD M. Officer — 2026-02-11 00:00:00 D
3 8980 — — Stock Award(Grant) at price 0.00 per share. DURAN RICHARD A Officer — 2026-02-11 00:00:00 D
4 8420 — — Stock Award(Grant) at price 0.00 per share. EVANCHO LESLEY Officer — 2026-02-11 00:00:00 D
5 29920 — — Stock Award(Grant) at price 0.00 per share. KNOP JEREMY Chief Financial Officer — 2026-02-11 00:00:00 D
6 19520 — — Stock Award(Grant) at price 0.00 per share. FENTON SARAH Officer — 2026-02-11 00:00:00 D
7 19520 — — Stock Award(Grant) at price 0.00 per share. BOLEN J.E.B. Officer — 2026-02-11 00:00:00 D
8 57500 3486225.0 — Sale at price 60.63 per share. JORDAN WILLIAM E Officer — 2025-11-11 00:00:00 D
9 1422 75067.0 — Sale at price 52.79 per share. BOLEN J.E.B. Officer — 2025-10-28 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems34.95M291.08M-1.23B-1.10B
TaxRateForCalcs0.080.170.240.27
NormalizedEBITDA2.47B2.39B9.43B4.47B
TotalUnusualItems416.11M1.66B-5.18B-4.04B
TotalUnusualItemsExcludingGoodwill416.11M1.66B-5.18B-4.04B
NetIncomeFromContinuingOperationNetMinorityInterest230.58M1.74B1.77B-1.14B
ReconciledDepreciation2.16B1.73B1.67B1.71B
ReconciledCostOfRevenue4.45B4.13B4.08B3.84B
EBITDA2.88B4.06B4.25B429.09M
EBIT719.02M2.32B2.58B-1.28B
NetInterestIncome-454.82M-219.66M-249.66M-289.75M
InterestExpense454.82M219.66M249.66M289.75M
NormalizedIncome-150.58M362.99M5.73B1.80B
NetIncomeFromContinuingAndDiscontinuedOperation230.58M1.74B1.77B-1.14B
TotalExpenses4.95B4.41B4.38B4.08B
TotalOperatingIncomeAsReported685.30M2.31B2.72B-1.36B
DilutedAverageShares514.59M413.22M406.50M323.20M
BasicAverageShares509.60M380.90M370.05M323.20M
DilutedEPS0.454.224.38-3.58
BasicEPS0.454.564.79-3.58
DilutedNIAvailtoComStockholders230.66M1.74B1.78B-1.14B
AverageDilutionEarnings86.00K7.55M8.02M
NetIncomeCommonStockholders230.58M1.74B1.77B-1.14B
NetIncome230.58M1.74B1.77B-1.14B
MinorityInterests-11.54M688.00K-9.98M-1.25M
NetIncomeIncludingNoncontrollingInterests242.12M1.73B1.78B-1.14B
NetIncomeContinuousOperations242.12M1.73B1.78B-1.14B
TaxProvision22.08M368.95M553.72M-428.04M
PretaxIncome264.19M2.10B2.33B-1.57B
OtherIncomeExpense442.10M1.66B-5.17B-4.04B
OtherNonOperatingIncomeExpenses25.98M1.23M11.28M
SpecialIncomeCharges288.96M-183.21M-536.57M-357.90M
GainOnSaleOfPPE764.04M-17.45M8.45M21.12M
GainOnSaleOfBusiness0.000.00
OtherSpecialCharges68.30M80.00K140.03M9.76M
WriteOff0.000.00214.19M0.00
ImpairmentOfCapitalAssets97.37M109.42M176.61M311.83M
RestructuringAndMergernAcquisition309.42M56.26M14.19M57.43M
GainOnSaleOfSecurity127.16M1.85B-4.65B-3.68B
NetNonOperatingInterestIncomeExpense-454.82M-219.66M-249.66M-289.75M
InterestExpenseNonOperating454.82M219.66M249.66M289.75M
OperatingIncome276.92M658.60M7.76B2.76B
OperatingExpense490.30M282.98M299.23M233.35M
OtherOperatingExpenses43.18M31.11M46.58M37.04M
SellingGeneralAndAdministration336.72M236.17M252.65M196.31M
GrossProfit767.22M941.58M8.06B3.00B
CostOfRevenue4.45B4.13B4.08B3.84B
TotalRevenue5.22B5.07B12.14B6.84B
OperatingRevenue5.22B5.07B12.14B6.84B
Line Item2021-12-31
TreasurySharesNumber1.03M
OrdinarySharesNumber596.87M419.90M365.36M376.40M
ShareIssued596.87M419.90M365.36M377.43M
NetDebt9.12B5.71B4.22B5.48B
TotalDebt9.37B5.84B5.71B5.62B
TangibleBookValue18.30B14.75B11.17B9.95B
InvestedCapital29.92B20.57B16.85B15.55B
WorkingCapital-746.87M-23.86M282.22M-2.90B
NetTangibleAssets18.30B14.75B11.17B9.95B
CapitalLeaseObligations41.88M46.38M35.45M27.97M
CommonStockEquity20.60B14.77B11.17B9.95B
TotalCapitalization29.60B20.28B16.43B14.48B
TotalEquityGrossMinorityInterest24.28B14.78B11.21B9.97B
MinorityInterest3.68B7.62M40.85M16.24M
StockholdersEquity20.60B14.77B11.17B9.95B
GainsLossesNotAffectingRetainedEarnings-2.32M-2.68M-2.99M-4.61M
OtherEquityAdjustments-2.32M-2.68M-2.99M-4.61M
TreasuryStock0.000.0018.05M
RetainedEarnings2.59B2.68B1.28B-94.40M
CapitalStock18.01B12.09B9.89B10.07B
CommonStock18.01B12.09B9.89B10.07B
TotalLiabilitiesNetMinorityInterest15.55B10.50B11.46B11.64B
TotalNonCurrentLiabilitiesNetMinorityInterest13.09B8.47B7.72B6.45B
OtherNonCurrentLiabilities1.24B1.06B1.03B1.01B
NonCurrentDeferredLiabilities2.85B1.90B1.44B907.31M
NonCurrentDeferredTaxesLiabilities2.85B1.90B1.44B907.31M
LongTermDebtAndCapitalLeaseObligation9.00B5.50B5.26B4.53B
LongTermDebt9.00B5.50B5.26B4.53B
CurrentLiabilities2.46B2.04B3.73B5.19B
OtherCurrentLiabilities490.22M229.60M1.43B2.47B
CurrentDeferredLiabilities24.19M2.89M
CurrentDeferredRevenue24.19M2.89M
CurrentDebtAndCapitalLeaseObligation362.68M338.81M458.08M1.09B
CurrentCapitalLeaseObligation41.88M46.38M35.45M27.97M
CurrentDebt320.80M292.43M422.63M1.06B
OtherCurrentBorrowings320.80M292.43M422.63M1.06B
PensionandOtherPostRetirementBenefitPlansCurrent53.14M24.54M50.89M51.22M
PayablesAndAccruedExpenses1.53B1.44B1.79B1.58B
CurrentAccruedExpenses238.97M106.09M130.80M149.02M
InterestPayable167.16M80.52M88.48M88.61M
Payables1.29B1.33B1.66B1.43B
TotalTaxPayable114.70M62.39M84.75M86.75M
IncomeTaxPayable0.00
AccountsPayable1.18B1.27B1.57B1.34B
TotalAssets39.83B25.29B22.67B21.61B
TotalNonCurrentAssets38.12B23.27B18.66B19.32B
OtherNonCurrentAssets455.62M206.69M488.15M491.70M
NonCurrentAccountsReceivable410.00M
InvestmentsAndAdvances3.62B92.67M
LongTermEquityInvestment3.62B92.67M
InvestmentsInOtherVenturesUnderEquityMethod3.62B92.67M
GoodwillAndOtherIntangibleAssets2.29B22.59M
OtherIntangibleAssets215.26M22.59M
Goodwill2.08B0.00
NetPPE31.75B22.95B18.17B18.42B
AccumulatedDepreciation-12.65B-10.78B-9.12B-7.51B
GrossPPE44.40B33.73B27.29B25.93B
OtherProperties10.85B1.22B396.32M403.24M
CurrentAssets1.71B2.01B4.01B2.29B
OtherCurrentAssets139.02M38.26M135.34M191.44M
HedgingAssetsCurrent143.58M978.63M812.37M543.34M
PrepaidAssets191.44M
Receivables1.23B915.11M1.61B1.44B
TaxesReceivable97.38M91.41M0.00
AccountsReceivable1.13B823.70M1.61B1.44B
AllowanceForDoubtfulAccountsReceivable-12.53M-663.00K-605.00K-321.00K
GrossAccountsReceivable1.15B824.36M1.61B1.44B
CashCashEquivalentsAndShortTermInvestments202.09M80.98M1.46B113.96M
CashAndCashEquivalents202.09M80.98M1.46B113.96M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow573.26M1.16B2.07B607.32M
RepurchaseOfCapitalStock0.00-201.03M-409.49M-12.92M
RepaymentOfDebt-11.77B-2.02B-11.16B-8.54B
IssuanceOfDebt7.64B2.26B11.24B9.09B
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-2.25B-2.02B-1.40B-1.06B
InterestPaidSupplementalData401.77M213.14M236.80M280.51M
IncomeTaxPaidSupplementalData7.96M13.35M20.77M19.16M
EndCashPosition202.09M80.98M1.46B113.96M
BeginningCashPosition80.98M1.46B113.96M18.21M
ChangesInCash121.12M-1.38B1.34B95.75M
FinancingCashFlow-1.13B-242.86M-699.13M506.05M
CashFlowFromContinuingFinancingActivities-1.13B-242.86M-699.13M506.05M
NetOtherFinancingCharges3.33B-47.66M-168.97M-26.70M
CashDividendsPaid-326.58M-228.34M-203.63M0.00
CommonStockDividendPaid-326.58M-228.34M-203.63M0.00
NetCommonStockIssuance0.00-201.03M-409.49M-12.92M
CommonStockPayments0.00-201.03M-409.49M-12.92M
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-4.13B234.16M82.96M545.66M
NetShortTermDebtIssuance0.000.00-300.00M
ShortTermDebtPayments-1.01B-10.24B-8.39B
ShortTermDebtIssuance1.01B10.24B8.09B
NetLongTermDebtIssuance-4.13B234.16M82.96M545.66M
LongTermDebtPayments-11.77B-2.02B-11.16B-8.54B
LongTermDebtIssuance7.64B2.26B11.24B9.09B
InvestingCashFlow-1.58B-4.31B-1.42B-2.07B
CashFlowFromContinuingInvestingActivities-1.58B-4.31B-1.42B-2.07B
NetOtherInvestingChanges1.70B-10.64M-3.82M-11.74M
NetInvestmentPurchaseAndSale0.000.00189.25M24.37M
SaleOfInvestment0.000.00189.25M24.37M
NetBusinessPurchaseAndSale-1.02B-2.28B-206.74M-1.03B
PurchaseOfBusiness-1.02B-2.28B-206.74M-1.03B
CapitalExpenditureReported-2.25B-2.02B-1.40B-1.06B
OperatingCashFlow2.83B3.18B3.47B1.66B
CashFlowFromContinuingOperatingActivities2.83B3.18B3.47B1.66B
DividendReceivedCFO66.20M18.69M50.22M14.91M
ChangeInWorkingCapital-281.81M383.63M99.23M-366.71M
ChangeInOtherWorkingCapital7.38M-171.72M38.17M-48.60M
ChangeInOtherCurrentAssets-85.26M93.79M48.58M-75.10M
ChangeInPayablesAndAccruedExpense16.51M-406.11M181.46M456.99M
ChangeInPayable16.51M-406.11M181.46M456.99M
ChangeInAccountPayable16.51M-406.11M181.46M456.99M
ChangeInReceivables-220.45M867.68M-168.98M-699.99M
ChangesInAccountReceivables-220.45M867.68M-168.98M-699.99M
OtherNonCashItems1.19B594.93M-5.88B-2.16B
StockBasedCompensation158.34M49.83M45.20M28.17M
AssetImpairmentCharge97.37M109.42M390.80M
DeferredTax14.73M384.67M534.61M-427.47M
DeferredIncomeTax14.73M384.67M534.61M-427.47M
DepreciationAmortizationDepletion2.16B1.73B1.67B1.71B
DepreciationAndAmortization2.16B1.73B1.67B1.71B
AmortizationCashFlow16.94M32.65M32.17M
AmortizationOfIntangibles16.94M32.65M32.17M
Depreciation2.16B1.73B1.67B1.68B
OperatingGainsLosses-822.90M-1.83B4.78B4.00B
GainLossOnInvestmentSecurities-127.16M-1.85B4.65B3.70B
GainLossOnSaleOfPPE126.87M382.36M290.71M
GainLossOnSaleOfBusiness0.000.00
NetIncomeFromContinuingOperations242.12M1.73B1.78B-1.14B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for EQT
Date User Asset Broker Type Position Size Entry Price Patterns