EQT Corporation (EQT)
Energy · Integrated natural gas production and midstream infrastructure
EQT is the largest vertically-integrated natural gas producer in the US, combining low-cost Appalachian Basin production with synchronized midstream infrastructure to generate durable free cash flow across commodity cycles.
What EQT Corporation does
EQT Corporation is a vertically integrated natural gas company focused in the Appalachian Basin with upstream production, gathering, and transmission operations. As of December 31, 2025, the company operated 28.0 Tcfe of proved reserves across approximately 2.3 million gross acres and 2,945 miles of pipeline infrastructure. EQT employs a "combo-development" strategy using large-scale, multi-pad development projects to maximize operational and capital efficiencies while minimizing costs. The company also holds an investment in Mountain Valley Pipeline, which includes a 303-mile transmission line spanning West Virginia to Virginia.
Themes: ["Natural gas production and supply"]
Fundamentals
- Price$50.15 as of 2026-07-09 close
- Market cap$31.6B as of 2026-07-10
- 1-year return-8.6% as of 2026-07-09 close
- P/E9.61 as of 2026-07-10
- Net margin+34.4% as of 2026-07-10
- Gross margin+62.5% as of 2026-07-10
- ROE+14.1% as of 2026-07-10
- Debt / equity0.24 as of 2026-07-10
- Revenue growth (YoY)+50.8% as of 2026-07-10
- Revenue CAGR (3y)+4.9% SEC XBRL
- Beta0.59 as of 2026-07-10
Dividend: yield +1.3%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Commodity price volatility for natural gas, NGLs, and oil; the company's financial results are highly dependent on realized prices for these commodities, which fluctuate based on market conditions beyond management control."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.