EQT (EQT) AI Stock Analysis

• Market Cap: $32.66B
• Dividend Yield: 1.2%
• Average Volume (3M): 9.38M
• Price to Earnings (P/E): 28.2
• Beta (1Y): 0.86
• Revenue Growth: 59.12%
• EPS Growth: 12.12%
• Country: US
• Employees: 881
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.45
• Shares Outstanding: 624,057,000
• 10 Day Avg. Volume: 12,323,736
• 30 Day Avg. Volume: 9,384,666
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 6.40
• Enterprise Value/Gross Profit: 11.63
• Enterprise Value/Ebitda: 9.96
• 1Y Price Target: $64.38
• Price Target Upside: 23.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 16

• Rating: 70 Outperform
• Price Target: $57.00 ▲(8.90%Upside)

EQT's strong financial performance and positive earnings call are the most significant factors, highlighting its robust cash flow and strategic initiatives. However, technical indicators suggest caution, and the company's valuation is moderate. The recent executive resignation is a concern, but its impact is less significant compared to the company's overall solid financial standing.

Positive Factors

Earnings

EQT reported a strong quarter, beating production estimates by 1% and achieving a consolidated EBITDA beat of 7%.

Free Cash Flow

EQT's adjusted free cash flow exceeded consensus, reflecting lighter capital expenditures.

Growth Projects

EQT outlined a robust set of strategic projects to support the natural gas-fired power generation buildout.

Negative Factors

Capital Expenditures

Guidance for 3Q25 shows higher production but requires increased capex and comes with wider natural gas differentials.

Free Cash Flow Yield

Hold rating reaffirmed due to less attractive FCF yield compared to peers and a more expensive EV/EBITDA multiple.

Natural Gas Differentials

Guidance for 3Q25 shows higher production but requires increased capex and comes with wider natural gas differentials.

EQT Business Overview & Revenue Model

Company Description

EQT Corporation is a leading independent natural gas production company in the United States. Headquartered in Pittsburgh, Pennsylvania, EQT is one of the largest producers of natural gas in the Appalachian Basin, with operations primarily focused on the Marcellus and Utica Shales. The company is committed to being a low-cost operator and delivering sustainable energy solutions.

How the Company Makes Money

EQT makes money primarily through the exploration, production, and sale of natural gas. The company generates revenue by extracting natural gas from its extensive reserves in the Appalachian Basin and selling it to utilities, industrial users, and other energy companies. EQT's business model focuses on maintaining operational efficiency and reducing production costs to maximize profit margins. Additionally, the company benefits from strategic pipeline infrastructure that facilitates the efficient transportation of natural gas to market. EQT also engages in hedging strategies to manage price volatility and secure stable cash flows. Revenue growth is supported by factors such as increasing demand for natural gas, advances in drilling technology, and strategic acquisitions that expand its asset base.

EQT Financial Statement Overview

Summary

EQT exhibits strong financial performance with a robust income statement showing significant revenue growth and profitability. The balance sheet is strong with manageable leverage and a solid equity position, though there are slight increases in liabilities. Cash flow generation is particularly strong, demonstrating excellent liquidity and financial health.

Income Statement

EQT's income statement reflects strong profitability with a TTM gross profit margin of 55.0% and a net profit margin of 15.7%. The company demonstrated impressive revenue growth of 39.4% from the previous year. However, EBIT margin declined to 21.9% from its peak in 2022. Overall, the income statement shows a robust performance with positive growth trends, though some potential concerns around EBIT margin contraction.

Balance Sheet

The balance sheet indicates a reasonable debt-to-equity ratio of 0.39, suggesting manageable leverage. The return on equity (ROE) is strong at 5.3%, while the equity ratio stands at 54.0%, reflecting a solid equity position. Despite these strengths, there is a slight increase in total liabilities over the periods reviewed, which merits monitoring for future risk management.

Cash Flow

EQT's cash flow statement is noteworthy with a substantial free cash flow growth of 270.3%, demonstrating strong cash generation capabilities. The operating cash flow to net income ratio is high, indicating efficient cash earnings conversion. Free cash flow to net income also improved significantly. This robust cash flow performance underlines the company's strong liquidity position and financial health.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.22B	5.07B	12.14B	6.84B	2.66B
Gross Profit	2.68B	3.08B	8.06B	3.00B	-626.98M
EBITDA	2.88B	4.06B	4.25B	396.92M	450.12M
Net Income	230.58M	1.74B	1.77B	-1.15B	-967.18M
Balance Sheet
Total Assets	39.83B	25.29B	22.67B	21.61B	18.11B
Cash, Cash Equivalents and Short-Term Investments	202.09M	80.98M	1.46B	113.96M	18.21M
Total Debt	9.37B	5.84B	5.71B	5.51B	4.95B
Total Liabilities	15.55B	10.50B	11.46B	11.56B	8.85B
Stockholders Equity	20.60B	14.77B	11.17B	10.03B	9.26B
Cash Flow
Free Cash Flow	573.26M	1.16B	2.04B	607.32M	495.47M
Operating Cash Flow	2.83B	3.18B	3.47B	1.66B	1.54B
Investing Cash Flow	-1.58B	-4.31B	-1.42B	-2.07B	-1.56B
Financing Cash Flow	-1.13B	-242.86M	-699.13M	506.05M	31.71M

EQT Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 52.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQT, the sentiment is Negative. The current price of 52.34 is below the 20-day moving average (MA) of 54.78, below the 50-day MA of 55.96, and above the 200-day MA of 49.83, indicating a neutral trend. The MACD of -1.11 indicates Positive momentum. The RSI at 40.11 is Neutral, neither overbought nor oversold. The STOCH value of 32.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EQT.

EQT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTRA	76 Outperform	$18.09B	13.83	9.40%	3.63%	10.33%	-0.13%
DVN	72 Outperform	$20.64B	7.31	20.88%	3.55%	12.06%	-16.37%
EQT	70 Outperform	$32.66B	28.15	6.26%	1.20%	59.12%	12.12%
RRC	68 Neutral	$8.48B	17.93	11.99%	0.95%	19.95%	0.94%
AR	67 Neutral	$10.40B	23.46	6.31%	―	6.67%	240.70%
Sector *	67 Neutral	$15.01B	9.77	5.95%	5.64%	4.51%	-61.80%
CRK	42 Neutral	$4.81B	―	-3.18%	0.66%	17.60%	-385.47%

EQT Corporate Events

EQT Subsidiary Plans Full Note Redemption by July 31

On July 16, 2025, EQM Midstream Partners, LP, a subsidiary of EQT Corporation, announced its intention to fully redeem all outstanding series of notes, totaling various principal amounts, by July 31, 2025. This move will result in EQM having no outstanding notes, potentially impacting its financial structure and signaling a strategic shift in its debt management approach.

The most recent analyst rating on (EQT) stock is a Hold with a $54.00 price target. To see the full list of analyst forecasts on EQT stock, see the EQT Stock Forecast page.

EQT Completes Olympus Energy Acquisition with Stock Issuance

On June 30, 2025, EQT Corporation secured an extension of its Revolving Credit Agreement’s maturity date from July 23, 2029, to July 23, 2030. This extension, effective July 23, 2025, was granted by the lenders involved in the agreement, which includes PNC Bank and other financial institutions. The terms of the agreement remain unchanged, and the lenders may continue to engage in various financial activities with EQT. On July 1, 2025, EQT issued 25,229,166 shares of its common stock as partial consideration for the Olympus Energy Acquisition. This acquisition involved purchasing oil and gas properties and related assets from Olympus Energy LLC and its affiliates, with the transaction also including approximately $440 million in cash.

The most recent analyst rating on (EQT) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on EQT stock, see the EQT Stock Forecast page.

EQT Executive Vice President Resigns for New Role

On May 30, 2025, Robert R. Wingo informed EQT Corporation of his decision to resign as Executive Vice President Corporate Ventures & Midstream to pursue a position at another company. His resignation will be effective on June 20, 2025, potentially impacting EQT’s operations and strategic ventures in the corporate and midstream sectors.

The most recent analyst rating on (EQT) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on EQT stock, see the EQT Stock Forecast page.