EQT (EQT) AI Stock Analysis

• Market Cap: $32.89B
• Dividend Yield: 1.23%
• Average Volume (3M): 8.49M
• Price to Earnings (P/E): 27.9
• Beta (1Y): 0.87
• 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: 624,063,100
• 10 Day Avg. Volume: 6,933,124
• 30 Day Avg. Volume: 8,494,922
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.42
• Enterprise Value/Revenue: 5.82
• Enterprise Value/Gross Profit: 13.23
• Enterprise Value/Ebitda: 9.96
• 1Y Price Target: $64.45
• Price Target Upside: 25.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 20

• Rating: 72 Outperform
• Price Target: $57.00 ▲(11.00% Upside)

EQT's overall score is driven by strong financial performance and positive earnings call highlights, including robust cash flow and strategic growth initiatives. Technical analysis and valuation present some concerns, with mixed signals and a relatively high P/E ratio. The recent executive resignation adds a minor risk factor.

Positive Factors

Cost Management

EQT reduced its overall operating cost guidance by 5.2% to $1.03-$1.17/Mcfe.

Financial Performance

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

Growth and Expansion

EQT remains well positioned to win further deals with datacenters, highlighting an idiosyncratic growth opportunity.

Negative Factors

Capital Expenditures

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

Free Cash Flow

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

EQT Business Overview & Revenue Model

Company Description

EQT Corporation is a leading independent natural gas producer based in the United States, primarily focused on the exploration and production of natural gas, natural gas liquids, and crude oil. Operating primarily in the Appalachian Basin, EQT is involved in various stages of the natural gas supply chain, including drilling, completion, and production. The company is dedicated to advancing sustainable energy solutions and leveraging innovative technologies to optimize its operations and reduce environmental impact.

How the Company Makes Money

EQT generates revenue primarily through the sale of natural gas, natural gas liquids, and oil produced from its extensive drilling operations. The company’s revenue model is largely dependent on the volume of hydrocarbons it extracts and the prevailing market prices for these commodities. Key revenue streams include direct sales agreements with utilities, industrial customers, and marketers, as well as long-term contracts that provide price stability. Additionally, EQT benefits from strategic partnerships with midstream operators for transportation and processing services, which enhances its market reach and operational efficiency. The company's emphasis on cost management and technological innovation also contributes to its profitability, enabling it to maintain a competitive edge in a fluctuating market.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.00B	5.22B	5.07B	12.14B	6.84B	2.66B
Gross Profit	3.52B	767.22M	941.58M	8.06B	3.00B	1.08B
EBITDA	4.68B	2.88B	4.06B	4.25B	396.92M	450.12M
Net Income	1.14B	230.58M	1.74B	1.77B	-1.15B	-967.18M
Balance Sheet
Total Assets	39.67B	39.83B	25.29B	22.67B	21.61B	18.11B
Cash, Cash Equivalents and Short-Term Investments	555.49M	202.09M	80.98M	1.46B	113.96M	18.21M
Total Debt	8.32B	9.37B	5.84B	5.71B	5.51B	4.95B
Total Liabilities	14.57B	15.55B	10.50B	11.46B	11.56B	8.85B
Stockholders Equity	21.42B	20.60B	14.77B	11.17B	10.03B	9.26B
Cash Flow
Free Cash Flow	2.12B	573.26M	1.16B	2.04B	607.32M	495.47M
Operating Cash Flow	4.33B	2.83B	3.18B	3.47B	1.66B	1.54B
Investing Cash Flow	-1.90B	-1.58B	-4.31B	-1.42B	-2.07B	-1.56B
Financing Cash Flow	-1.91B	-1.13B	-242.86M	-699.13M	506.05M	31.71M

EQT Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 51.35 is below the 20-day moving average (MA) of 51.74, below the 50-day MA of 54.44, and above the 200-day MA of 50.96, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 44.37 is Neutral, neither overbought nor oversold. The STOCH value of 64.24 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
DVN	77 Outperform	$22.36B	8.01	20.60%	3.21%	10.98%	-19.25%
EQT	72 Outperform	$32.89B	27.87	6.26%	1.23%	59.12%	12.12%
RRC	72 Outperform	$8.09B	16.81	11.99%	1.01%	19.95%	0.94%
CTRA	69 Neutral	$18.24B	11.43	11.42%	3.60%	16.56%	20.21%
AR	67 Neutral	$9.62B	21.69	6.31%	―	11.65%	415.90%
Sector *	65 Neutral	$15.26B	7.31	3.02%	5.32%	4.27%	-62.52%
CRK	44 Neutral	$4.65B	―	-3.18%	0.66%	17.60%	-385.47%

EQT Corporate Events

EQT CIO Announces Unpaid Sabbatical Leave

On August 25, 2025, EQT Corporation announced that its Chief Information Officer, Richard A. Duran, will take an unpaid sabbatical leave starting September 2, 2025, until February 3, 2026. During this period, Mr. Duran will remain an employee and attend certain meetings, and be available for consultation in emergencies related to information security and cybersecurity.

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.

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.

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.