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EQTEQT Corporation
$51.76$32.4B
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EQT logoEQT Corporation(EQT)Earnings, Financials & Key Ratios

EQT•NYSE
$51.76
15.6× P/E·Price updated Jul 7, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryU.S. natural gas shale producers
AboutEQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.Show more
  • Revenue$9.07B+73.7%
  • EBITDA$5.75B+101.9%
  • Net Income$2.04B+784.4%
  • EPS (Diluted)3.31+707.3%
  • Gross Margin48.86%+232.6%
  • EBITDA Margin63.36%+16.2%
  • Operating Margin34.7%+164.4%
  • Net Margin22.48%+409.0%
  • ROE7.9%+568.9%

EQT Price & Volume

EQT Corporation (EQT) stock price & volume — 10-year historical chart

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Appalachian Scale Expansion Drives Margin Efficiency Gains

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Regional basis price volatility

Key Thesis Takeaways

  • EQT has successfully transformed into a dominant Appalachian producer, leveraging aggressive asset consolidation to drive a 39.7% year-over-year revenue surge as of 2026Q1.
  • While the company has significantly improved its capital efficiency and deleveraged its balance sheet to a 0.20 debt-to-equity ratio, investors should remain cautious regarding the volatility of regional basis differentials and the impact of non-cash derivative adjustments on net income.
  • Future performance will likely hinge on the company's ability to maintain its 72.7% free cash flow margin while navigating the inherent risks of its asset-heavy midstream integration strategy.

Verdict Logic

the company's ability to scale operating income to $2.0 billion in 2026Q1 while maintaining a 0.20 debt-to-equity ratio suggests a compelling transition toward sustainable, cash-generative growth.

EQT Growth Metrics

EQT Corporation (EQT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years16.6%
5 Years27.83%
3 Years-9.25%
TTM58.37%

Profit CAGR

10 Years37.38%
5 Years-
3 Years4.81%
TTM807.58%

EPS CAGR

10 Years19.44%
5 Years-
3 Years-8.91%
TTM845.05%

Return on Capital

10 Years0.11%
5 Years5.66%
3 Years7.15%
Last Year8.21%

EQT Recent Earnings

EQT Corporation (EQT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 21, 2026
Metric
Actual
Est
EPS
$2.33+12.0%
$2.08
Rev
$3.4B+5.1%
$3.2B
Q1 2026
Feb 17, 2026
Metric
Actual
Est
EPS
$0.90+18.4%
$0.76
Rev
$2.4B+12.2%
$2.1B
Q4 2025
Oct 21, 2025
Metric
Actual
Est
EPS
$0.52+43.8%
$0.36
Rev
$1.8B+0.7%
$1.8B
Q3 2025
Jul 22, 2025
Metric
Actual
Est
EPS
$0.45+7.3%
$0.42
Rev
$2.6B+45.2%
$1.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 21, 2026
$2.33vs $2.08+12.0%
$3.4Bvs $3.2B+5.1%
Q1 2026Feb 17, 2026
$0.90vs $0.76+18.4%
$2.4Bvs $2.1B+12.2%
Q4 2025Oct 21, 2025
$0.52vs $0.36+43.8%
$1.8Bvs $1.8B+0.7%
Q3 2025Jul 22, 2025
$0.45vs $0.42+7.3%
$2.6Bvs $1.8B+45.2%
Based on last 12 quarters of dataView full earnings history →

Latest EQT News

Recent stock market news and headlines for EQT Corporation (EQT)

PRNewsWire·5 days ago
EQT Corporation Schedules Second Quarter 2026 Earnings Release and Conference Call

PITTSBURGH, July 2, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) plans to issue its second quarter 2026 financial and operating results news release after market close on Tuesday, July 21, 2026, and will host a conference call to review the results and other relevant matters on Wednesday, July 22, 2026, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion.

The Motley Fool·Jun 21, 2026
1 Relatively Unknown Energy Stock You Won't Want to Miss

EQT stock is tracking natural gas prices to the downside. The recent slump may be masking opportunity with this integrated energy company.

Finbold·Jun 19, 2026
Rep Thomas Kean just filed 4 new congressional stock trades

Representative Thomas H. Kean Jr, a Republican from New Jersey who sits on the House Energy and Commerce Committee, has disclosed four new congressional stock trades.

Zacks Investment Research·Jun 19, 2026
Here's Why EQT Corporation (EQT) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

The Motley Fool·Jun 18, 2026
EQT vs. Occidental Petroleum: Which Energy Stock Is a Better Buy in 2026?

EQT stands as the largest natural gas producer in the United States with a specialized focus on the Appalachian Basin. Occidental Petroleum offers global scale and a strategic long-term shift toward carbon capture and low-carbon technologies.

Peers Comparison

Key metrics vs top competitors for EQT Corporation (EQT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EQT logoEQTEQT CorporationCurrent
$51.76$32.37B15.6473.74%22.48%7.9%1.21%
AR logoARAntero Resources Corporation
$35.24$10.92B17.3621.73%17.54%12.43%—
RRC logoRRCRange Resources Corporation
$37.85$8.92B13.8127.56%28.41%20.93%—
CNX logoCNXCNX Resources Corporation
$33.25$4.72B8.3559.19%50.85%27.46%—
CTRA logoCTRACoterra Energy Inc.
$32.56$24.72B14.47-49.62%25.71%11.26%—
DVN logoDVNDevon Energy Corporation
$42.41$26.36B10.1010.01%17.55%18.6%—

Compare EQT vs Peers

EQT Corporation (EQT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AR

Most directly comparable listed peer for EQT.

Scale Benchmark

vs XOM

Larger-name benchmark to compare EQT against a more recognizable public peer.

Peer Set

Compare Top 5

vs AR, RRC, CNX, CTRA

EQT SEC Filings & Documents

EQT Corporation (EQT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 21, 2026·SEC

Material company update

Apr 15, 2026·SEC

Material company update

Apr 14, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 22, 2026·SEC

FY 2025

Oct 22, 2025·SEC

FY 2025

Jul 23, 2025·SEC

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EQT Frequently Asked Questions

EQT Corporation (EQT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is EQT Corporation's revenue?

EQT Corporation (EQT) reported $10.03B in revenue for fiscal year 2025. This represents a 439% increase from $1.86B in 1996.

How fast is EQT Corporation growing?

EQT Corporation (EQT) grew revenue by 73.7% over the past year. This is strong growth.

Is EQT profitable?

Yes, EQT Corporation (EQT) is profitable, generating $3.35B in net income for fiscal year 2025 (22.5% net margin).

Dividend & Returns
Does EQT pay dividends?

Yes, EQT Corporation (EQT) pays a dividend with a yield of 1.21%. This makes it attractive for income-focused investors.

What is EQT's return on equity?

EQT Corporation (EQT) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.

What is EQT Corporation's free cash flow?

EQT Corporation (EQT) generated $4.06B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in EQT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →