EQT Corporation (EQT) Stock

EQT Corporation (EQT) is a Energy stock trading at $53.89 (as of 2026-08-20), with a market capitalization of $33.71B and a trailing P/E of 12.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EQT Corporation is a natural gas production company in the United States that produces natural gas and natural gas liquids, including ethane, propane, isobutane, butane, and natural gasoline. It also reports proved reserves across about 2.0 million gross acres, with 1.7 million gross acres in the Marcellus play, and is headquartered in Pittsburgh, Pennsylvania.

Understand EQT Corporation: how it makes money

EQT Corporation produces natural gas and natural gas liquids (NGLs) in the United States, and it makes money by selling these hydrocarbons sourced from its proved reserves, including a large position in the Marcellus play.

EQT's profit model is the conversion of its proved natural gas and NGL reserve base, especially in the Marcellus, into ongoing production that it sells.

Business quality (Strong): Good business description and clear operating KPI labels, but the provided data does not offer a clean, mutually exclusive segment revenue breakdown that sums to total revenue.

Valuation: At 10× earnings, EQT trades 44% below the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Large reserve inventory, heavy Marcellus presence: As of December 31, 2021, EQT reported 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across about 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.
  • Product diversity within hydrocarbons: EQT produces natural gas and multiple NGLs (including ethane, propane, isobutane, butane, and natural gasoline), which can support a broader product mix than natural gas alone.

Bear case

  • Exposure to natural gas and NGL market conditions: Because EQT sells natural gas and NGLs, its results are sensitive to changes in natural gas and NGL market conditions.
  • Concentration risk from Marcellus scale: A large portion of EQT's acreage and proved reserves are in the Marcellus, which can increase sensitivity to issues that affect that specific resource area.
Valuation — source: SEC EDGAR (first-party)
Price$53.89
Market Cap$33.71B
P/E Ratio12.4
EV / EBITDA5.8
Price / Book1.17
Price / Sales3.54
FCF Yield11.1%
DCF Value (model)$41.32
DCF Upside vs Price-23.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.64B
Net Margin23.6%
Revenue Growth (YoY)-29.2%
EPS Growth (YoY)-74.0%
FCF Growth (YoY)-42.5%
Financial Health — source: SEC EDGAR
Altman Z-Score1.99 (grey)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E12.4
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector-25.9%
vs Industry-25.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($4.20B)
Institutional Holders Tracked10
Congressional Trades (recent)7
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOToby Z. Rice
Employees881
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

  • EOG Resources, Inc. (EOG)
  • Occidental Petroleum Corporation (OXY)
  • Diamondback Energy, Inc. (FANG)
  • Devon Energy Corporation (DVN)
  • Expand Energy Corporation (EXE)
  • Permian Resources Corporation (PR)
  • Ovintiv Inc. (OVV)
  • APA Corporation (APA)
EQT earnings history · EQT institutional & insider holders · EQT KPIs & operating metrics · EQT financials · EQT investor presentations & press releases · EQT SEC filings · EQT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.