EQT Corporation (EQT)

NYSE: EQT · USD

$56.3

+0.03 (+0.1%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-04

Our latest published analysis: EQT rated Hold

EQT Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$54.2 / share

Potential value

$78.9 / share

Upside to FV

+8.1%

from $56.3

Moat

6/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$31.4B
Revenue (ttm)	8.9B
Net income (ttm)	2.7B
EPS (ttm)	$4.21
Shares out	625.5M
P/E (trailing)	13.4x
P/E (forward)	14.1x
Dividend	$0.68 (1.20%)
Volume	13,946,600
Beta	0.65

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 8.9B
Net income (ttm): 2.7B
EPS (ttm): $4.21
P/E (trailing): 13.4x
P/E (forward): 14.1x
Market cap: $31.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$6.80B	$12.11B	$5.04B	$5.27B	$8.64B	+6.2%
Gross profit	$3.00B	$8.06B	$941.6M	$767.2M	$4.43B	+10.3%
Operating income	$-1.36B	$2.72B	$2.31B	$685.3M	$3.25B	—
Net income	$-1.14B	$1.77B	$1.74B	$230.6M	$2.04B	—
EPS (diluted)	$-3.54	$4.38	$4.22	$0.45	$3.31	—
EBITDA	$429.1M	$4.25B	$4.06B	$2.88B	$5.87B	+92.3%
R&D	—	—	—	—	—	—
SG&A	$196.3M	$252.6M	$236.2M	$336.7M	$380.1M	+18.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	Giữ
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	Giữ
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	Bán
BKR	Baker Hughes Company	54.3B	18.8x	1.9x	11.7%	+7.0%	+20.1%	Bán
COP	ConocoPhillips	179B	19.8x	2.8x	11.6%	+16.8%	+73.8%	Giữ
CVX	Chevron Corporation	448.9B	22.0x	2.2x	8.2%	+12.6%	+54.1%	Giảm

Base and Bull scenarios

Base55%

Price target

$54.24

+8.1% from spot

The Base case reflects a target of $54.24 with an estimated probability of 55.0%, representing an expected return of 8.1% relative to $50.17 as of $50.17 (as of 2026-10-02). In this scenario, Appalachian low-cost scale supports mid-cycle operating margins and capital discipline while the company navigates seasonal shoulder-period strip weakness into late FY2027 before regional takeaway debottlenecking takes effect.

Normalized capital expenditures tracking management guidance
Operating margins sustained around mid-cycle levels
Gradual absorption of Appalachian volumes into regional power and industrial demand
Free cash flow allocated primarily to debt retirement

Bull20%

Price target

$78.94

+57.3% from spot

The Bull case projects Potential value reaching $78.94 with an estimated probability of 20.0%, offering an implied return of 57.3% compared to $50.17 as of $50.17 (as of 2026-10-02). This pathway requires rapid buildout of Appalachian power demand from regional data centers, successful debottlenecking across Clarington and Southgate pipeline corridors, premium realizations via PJM electricity-linked contracts, and international LNG offtake beginning in FY2028.

Accelerated pipeline takeaway expansion eliminating local basis discounts
Power generation contracts capturing premium electricity pricing
International LNG export agreements contributing high-margin cash flow from FY2028
Capital efficiencies lowering unit development costs

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($54.24). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	1.8%	2.0%	2.3%	2.5%
6.7%	$59.0	$60.7	$62.6	$64.6	$66.9
7.2%	$55.2	$56.5	$58.0	$59.7	$61.5
7.7%	$51.9	$53.0	$54.2	$55.6	$57.1
8.2%	$49.0	$50.0	$51.0	$52.1	$53.4
8.7%	$46.6	$47.4	$48.3	$49.2	$50.2

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E14.1

P25 n/aP50 n/aP75 n/a

Trailing P/E11.6

P25 n/aP50 n/aP75 n/a

ROE10.5

P25 n/aP50 n/aP75 n/a

ROIC9.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All EQT indicators

Market & fundamental data

Available fields

282

Groups with data

Currency

USD

Showing 282 of 282 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000033213
Company name	EQT Corporation
Country	United States
Country code	US
CUSIP number	26884L109
Earnings date	2026-10-27
Earnings time	amc
Employees	1,523
Employees change	62
Employees growth	4.24%
Enterprise value	$40.7B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1925
In index	SP500
Industry	Oil & Gas Exploration & Production
Is primary listing	Yes
Is SPAC	No
ISIN number	US26884L1098
Last 10-K release date	2026-02-18
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split date	2005-09-02
Last stock split type	Forward
Market cap	$35.2B
Market cap category	Large-Cap
Next earnings date	2027-02-16
Options	Yes
Price	$56.30
Price currency	USD
Sector	Energy
SIC code	1311
Stock price date	2026-10-28
Symbol	EQT
U.S. state	Pennsylvania
Website	https://www.eqt.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	13.94x
Average P/E ratio (3Y)	36.32x
Average P/E ratio (5Y)	27.25x
Earnings yield	7.48%
EV/Earnings	15.38x
EV/EBIT	9.82x
EV/EBITDA	6x
EV/FCF	10.74x
EV/Sales	4.6x
FCF / EV yield	9.31%
FCF yield	10.76%
Forward EV/Sales	4.52x
Forward P/E	18.16x
Forward P/S	3.91x
Graham number	62.12094
Graham upside	9.91%
Industry forward P/E	10.78x
Industry P/E	16.09x
Lynch fair value	$21.07
Lynch upside	-62.73%
P/(FCF - SBC) ratio	9.51x
P/(OCF - SBC) ratio	5.68x
P/B ratio	1.38x
P/E ratio	13.36x
P/FCF ratio	9.3x
P/OCF ratio	5.6x
P/S ratio	3.98x
PEG ratio	1.64x
Price / tangible book value	1.52x
Price/EBITDA ratio	5.19x
Sector forward P/E	10.06x
Sector P/E	15.08x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	46.79%
EBITDA margin	76.64%
Effective tax rate	21.75%
FCF margin	42.81%
Gross margin	79.77%
Operating margin	46.79%
Pretax margin	42.1%
Profit margin	29.88%
Profit per employee	$1.7M
Profitable quarters	7
Profitable years	4
Revenue per employee	$5.8M
ROA	6.29%
ROA (5Y)	3.53%
ROCE	10.42%
ROE	10.49%
ROE (5Y)	5.71%
ROIC	9.44%
ROIC (5Y)	5.65%
SBC / revenue	0.95%
Tax / revenue	9.16%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	44.95%
EPS growth (Q)	-16.98%
EPS growth (QoQ)	30.27%
EPS growth 3Y	-15.4%
EPS growth years	1
FCF growth	52.75%
FCF growth (Q)	11.39%
FCF growth (QoQ)	9.56%
FCF growth 3Y	28.81%
Gross profit growth	18.61%
Gross profit growth (Q)	-3.56%
Gross profit growth 3Y	21.73%
Gross profit growth 5Y	20.19%
Net income growth	49.08%
Net income growth (Q)	-17.02%
Net income growth (QoQ)	31.82%
Net income growth 3Y	-3.4%
Net income growth years	1
OCF growth	32.69%
OCF growth (Q)	6.44%
OCF growth (QoQ)	3.36%
OCF growth 10Y	19.26%
OCF growth 3Y	20.38%
OCF growth 5Y	47.71%
Operating income growth	56.38%
Operating income growth (Q)	-25.64%
Operating income growth 3Y	0.61%
Revenue growth	15.24%
Revenue growth (Q)	-0.68%
Revenue growth (QoQ)	2.46%
Revenue growth 10Y	18.08%
Revenue growth 3Y	12.87%
Revenue growth 5Y	13.2%
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-2.5B
Depreciation and amortization	$2.7B
EBIT	$4.2B
EBITDA	$6.8B
EPS	$4.21
FCF per share	$6.08
Financing cash flow	$-3.5B
Free cash flow	$3.8B
Free cash flow minus SBC	$3.7B
Gross profit	$7.1B
Income taxes	$813.3M
Investing cash flow	$-2.9B
Net borrowing	$-2.7B
Net cash flow	$-157M
Net income	$2.7B
Operating cash flow minus SBC	$6.2B
Operating income	$4.2B
Revenue	$8.9B
Stock-based compensation	$84.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$40.71
Debt / EBITDA	0.82
Debt / equity	0.19
Debt / FCF	1.46
Goodwill	$2.1B
Interest coverage	11.88
Long-term assets	$40.3B
Long-term liabilities	$10.9B
Net cash (debt)	$-5.5B
Net cash / market cap	-15.48%
Net debt / EBITDA	0.8
Net debt / equity	0.19
Net debt / FCF	1.44
Piotroski F-Score	8
Property, plant and equipment	$33.7B
Shareholders' equity	$29B
Tangible book value	$23.2B
Tangible book value per share	$37.11
Total assets	$41.4B
Total cash	$78.7M
Total debt	$5.6B
Total liabilities	$12.4B
WACC	7.44%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.22
Current assets	$1.1B
Current liabilities	$1.6B
Current ratio	0.71
Net working capital	$-538.1M
Quick ratio	0.51
Working capital	$-459.4M
Working capital turnover	-12.84

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-2.61%
Dividend growth	4.31%
Dividend growth (10Y)	18.68%
Dividend growth (3Y)	3.06%
Dividend growth (5Y)	39.7%
Dividend growth years	4
Dividend payment date	2026-12-01
Dividend payment years	5
Dividend payout frequency	Quarterly
Dividend per share	$0.68
Dividend yield	1.2%
Ex-dividend date	2026-11-04
FCF payout ratio	11.19%
Last dividend	$0.17
Payout ratio	16.14%
Shareholder yield	-1.4%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-15.01%
10Y return CAGR	5.51%
10Y total return	71.03%
150-day SMA	$54.43
15Y price change	-12.28%
15Y return CAGR	4.04%
15Y total return	81.13%
1D price change	0.05%
1M price change	11.1%
1M total return	11.1%
1W price change	2.97%
1W total return	2.97%
1Y price change	5.02%
1Y return CAGR	6.27%
1Y total return	6.26%
20-day SMA	$53.51
200-day SMA	$55.53
20Y price change	37.95%
20Y return CAGR	5.89%
20Y total return	214.21%
3M price change	8.56%
3M total return	8.9%
3Y price change	34.57%
3Y return CAGR	11.96%
3Y total return	40.36%
50-day SMA	$53.15
50-day SMA vs 200-day SMA	50under200
52-week high	$68.24
52-week high date	2026-03-27
52-week low	$47.94
52-week low date	2026-07-10
5Y price change	155.55%
5Y return CAGR	22.38%
5Y total return	174.42%
6M price change	-3.73%
6M total return	-3.16%
All-time high	$111.47
All-time high date	2014-04-24
All-time low	$0.52
All-time low date	1974-12-12
Average true range (ATR)	$1.59
Average volume	8.4M
Beta (1Y)	-0.64
Beta (2Y)	0.34
Beta (5Y)	0.65
Change from 52-week high	-17.5%
Change from 52-week low	17.45%
Change from all-time high	-49.36%
Change from all-time low	10,852.66%
Change from open	-0.49%
Day's gap	0.55%
Dollar volume	$785.2M
High price	$57.20
Low price	$55.35
Monthly RSI	55.04
Open price	$56.58
Position in 52-week range	51.35%
Premarket change	1.78%
Premarket close	$56.27
Premarket price	$57.27
Premarket volume	15K
Previous close	$56.27
Price vs 150-day SMA	3.44%
Price vs 20-day SMA	5.22%
Price vs 200-day SMA	1.38%
Price vs 50-day SMA	5.93%
Relative volume	1.66
RSI	64.66
Sharpe ratio	0.22
Sharpe ratio (3Y)	0.38
Sharpe ratio (5Y)	0.62
Sortino ratio	0.53
Sortino ratio (3Y)	0.71
Sortino ratio (5Y)	1.04
Volume	13.9M
Weekly RSI	55.35
YTD price change	5.32%
YTD total return	6.24%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	619.1M
Float percentage	98.97%
Shares change (QoQ)	0.02%
Shares change (YoY)	2.61%
Shares held by insiders	0.65%
Shares held by institutions	95.08%
Shares outstanding	625.5M
Short % of float	3.64%
Short % of shares	3.6%
Short ratio	3 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	184

Deeper analysis on EQT

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this EQT report

What is the latest published EQT stock rating?

EQT Corporation is shown with Hold in the latest published report, analyzed 2026-10-04. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full EQT analysis?

The full latest published report, analyzed 2026-10-04, lives at /stocks/EQT/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for EQT?

The latest published report analyzed 2026-10-04 gives EQT a fair value of USD 54 and a potential value of USD 79. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the EQT page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-04). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldEQT · Fair value $54.2+8.1%

Read full analysis →

EQT Corporation (EQT)

Our latest published analysis: EQT rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · EQT

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All EQT indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on EQT

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	6.0
Management	7.5
Balance Sheet	5.0
Profitability	6.5
Revenue Growth	2.5
Risk Assessment	7.0
Competitive Moat	6.0
Earnings Quality	6.0
Capital Efficiency	5.5