EQT (EQT) AI Stock Analysis

• Market Cap: $34.01B
• Dividend Yield: 1.17%
• Average Volume (3M): 7.15M
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.84
• Revenue Growth: 64.84%
• EPS Growth: 219.47%
• Country: US
• Employees: 881
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.52
• Shares Outstanding: 624,070,800
• 10 Day Avg. Volume: 5,450,129
• 30 Day Avg. Volume: 7,148,351
• PEG Ratio: -1.13
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 4.50
• P/FCF Ratio: 40.99
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 5.32
• Enterprise Value/Gross Profit: 11.21
• Enterprise Value/Ebitda: 8.08
• 1Y Price Target: $65.18
• Price Target Upside: 24.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 19
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $61.00 ▲(16.86% Upside)

EQT's overall stock score is driven by strong financial performance and positive earnings call highlights. The company's strategic initiatives and operational efficiency are commendable, though technical indicators suggest caution. Valuation is fair, and recent corporate events positively impact financial flexibility.

Positive Factors

Operational Efficiency

EQT's operational efficiency improvements reflect its ability to optimize production processes, leading to cost savings and enhanced profitability.

Cash Flow Generation

Strong cash flow generation indicates EQT's robust financial health, providing flexibility for investments, debt reduction, and shareholder returns.

Balance Sheet Management

Proactive debt management reduces interest expenses and enhances financial flexibility, improving EQT's long-term financial stability.

Negative Factors

High Debt Level

High debt levels can strain EQT's financial resources, potentially limiting its ability to invest in growth opportunities and manage economic downturns.

Local Pricing Volatility

Volatile local pricing can impact revenue predictability and necessitate operational adjustments, affecting EQT's ability to maintain stable cash flows.

Revenue Growth Volatility

Inconsistent revenue growth can challenge EQT's ability to sustain long-term financial performance, impacting investor confidence and strategic planning.

EQT Business Overview & Revenue Model

Company Description

EQT 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.

How the Company Makes Money

EQT generates revenue primarily through the sale of natural gas, natural gas liquids, and other hydrocarbon products extracted from its extensive reserves. The company employs a revenue model that includes direct sales to utility companies, industrial users, and through the spot market. Key revenue streams include long-term supply contracts, which provide consistent cash flow, and spot market transactions that capitalize on fluctuating prices. Additionally, EQT may engage in joint ventures and partnerships with other energy companies to expand its operational capabilities and market reach, enhancing its overall profitability. Factors contributing to its earnings include market demand for natural gas, pricing trends in the energy sector, and the company's ability to efficiently manage production costs and optimize its asset portfolio.

EQT Financial Statement Overview

Summary

EQT exhibits strong financial health with improved profitability, efficient capital structure, and robust cash flow generation. The company has shown resilience in enhancing its margins and reducing leverage. Continued focus on revenue growth and maintaining operational efficiency will be essential to sustain its positive financial trajectory.

Income Statement

EQT's income statement shows strong performance with a significant improvement in gross profit and net profit margins in the TTM period. The gross profit margin increased to 47.49%, and the net profit margin rose to 20.69%, indicating enhanced profitability. Revenue growth rate of 7.57% in the TTM period reflects positive growth momentum. The EBIT and EBITDA margins also improved, showcasing operational efficiency. However, past volatility in revenue growth and profitability should be monitored.

Balance Sheet

The balance sheet of EQT is solid with a manageable debt-to-equity ratio of 0.34 in the TTM period, reflecting a stable capital structure. Return on equity improved to 8.29%, indicating efficient use of equity to generate profits. The equity ratio stands at 56.21%, suggesting a strong equity base relative to total assets. While the company has reduced its debt levels over time, maintaining this trend is crucial to mitigate financial risks.

Cash Flow

EQT's cash flow statement demonstrates robust cash generation capabilities with a 17.33% growth in free cash flow in the TTM period. The operating cash flow to net income ratio of 2.17 indicates strong cash flow relative to earnings. The free cash flow to net income ratio of 0.52 suggests a healthy conversion of earnings into cash. Continued focus on cash flow management will be key to sustaining financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.61B	5.22B	5.07B	12.14B	6.84B	2.66B
Gross Profit	4.09B	767.22M	941.58M	8.06B	3.00B	1.08B
EBITDA	5.67B	2.88B	4.06B	4.25B	429.09M	450.12M
Net Income	1.78B	230.58M	1.74B	1.77B	-1.14B	-958.80M
Balance Sheet
Total Assets	41.20B	39.83B	25.29B	22.67B	22.75B	18.11B
Cash, Cash Equivalents and Short-Term Investments	235.74M	202.09M	80.98M	1.46B	113.96M	18.21M
Total Debt	7.94B	9.37B	5.84B	5.71B	5.64B	4.95B
Total Liabilities	14.40B	15.55B	10.50B	11.46B	12.78B	8.85B
Stockholders Equity	23.15B	20.60B	14.77B	11.17B	9.95B	9.26B
Cash Flow
Free Cash Flow	2.49B	573.26M	1.16B	2.07B	607.32M	495.47M
Operating Cash Flow	4.76B	2.83B	3.18B	3.47B	1.66B	1.54B
Investing Cash Flow	-1.64B	-1.58B	-4.31B	-1.42B	-2.07B	-1.56B
Financing Cash Flow	-2.97B	-1.13B	-242.86M	-699.13M	506.05M	31.71M

EQT Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 52.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 52.2 is below the 20-day moving average (MA) of 54.24, below the 50-day MA of 56.38, and below the 200-day MA of 54.06, indicating a bearish trend. The MACD of -0.99 indicates Positive momentum. The RSI at 37.01 is Neutral, neither overbought nor oversold. The STOCH value of 56.04 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	79 Outperform	$21.62B	8.49	18.35%	2.64%	11.14%	-21.32%
EQT	76 Outperform	$34.01B	17.81	8.19%	1.17%	64.84%	219.47%
CTRA	73 Outperform	$19.26B	11.72	11.86%	3.39%	26.13%	31.42%
RRC	71 Outperform	$8.21B	14.23	14.18%	1.00%	23.88%	20.55%
AR	67 Neutral	$10.14B	18.43	7.65%	―	17.05%	1028.81%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CRK	59 Neutral	$6.47B	96.54	2.86%	―	35.41%	―

EQT Corporate Events

EQT Redeems 7.5% Senior Notes to Strengthen Balance Sheet

On December 19, 2025, EQT Corporation announced that it had issued a notice of redemption for all of its outstanding 7.500% Senior Notes due 2027, with an aggregate principal amount of $495.9 million, stating that the notes will be fully redeemed on December 30, 2025 at the redemption price specified in the governing indenture. The transaction reflects EQT’s ongoing balance sheet and liability management efforts, potentially reducing future interest expenses and altering its debt maturity profile, which may improve its financial flexibility and capital structure for stakeholders.

The most recent analyst rating on (EQT) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on EQT stock, see the EQT Stock Forecast page.

EQT Removes Age Limit for Directors

On October 16, 2025, EQT Corporation’s Board of Directors approved an amendment to the company’s bylaws, removing the age limit for directors, which previously restricted service after the annual meeting following their 74th birthday. Additionally, the Board decided to relocate the corporate headquarters to Canonsburg, Pennsylvania, effective July 1, 2026.

The most recent analyst rating on (EQT) stock is a Hold with a $59.00 price target. To see the full list of analyst forecasts on EQT stock, see the EQT Stock Forecast page.