EQT Corp

EQT Corp

EQT

Get informed when a big investor buys or sells

+ Follow
Market Cap$32.49B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
EQT CorpEQT Corp9.71.26%13%3.60.2

Earnings Call Q1 2026

April 22, 2026 - AI Summary

Record free cash flow + rapid deleveraging (very strong “good”): EQT reported $1.8B+ free cash flow in Q1 2026 (another record), generating ~as much FCF as 2022 in just ~90 days (with gas ~$6+ then). This was driven by vertical integration (Equitrans acquisition) and low-cost operating model, enabling capture of peak winter pricing largely unhedged. Net debt exited at just under $5.7B with leverage below ~1x net debt/EBITDA and the $5B net debt target “within reach by year-end.” EQT also retired $1.7B+ of senior notes and Fitch upgraded EQT to BBB during the quarter.
Operational resilience in extreme weather (good + slightly “surprising”): Despite Winter Storm Fern, EQT said production uptime outperformed peers by >2x. With some minor volume impacts, quarter production still came in above the high end of guidance, highlighting execution strength and integrated coordination across upstream/midstream/marketing.
Macro/geopolitical setup: LNG demand remains a key upside lever, but US spot basis hasn’t “fully” moved (good + investor challenge): Management highlighted a second global energy shock (Middle East disruptions), pushing European gas prices nearly doubled. Yet US prices have been stable, underscoring the “energy security/affordability” advantage of US gas. EQT framed this as an argument for international exposure via LNG: if its LNG portfolio were fully online today, projected 2026 free cash flow ~ $6B; and LNG could add ~$500M annual free cash flow uplift when it begins in 2030 at strip, with a repeat of 2026 volatility driving that to ~$2.5B (big optionality). They did *not* expect to accelerate access to LNG much before 2030 because doing so would effectively mean buying capacity at current spreads/strip (i.e., less attractive short-term).

Exclusive for Stockcircle Pro members

Sign upSign Up
$201.72

Current Fair Value

297.5% upside

Undervalued by 297.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$32.49 Billion
Enterprise Value$37.88 Billion
Dividend Yield$0.65 (1.26%)
Earnings per Share$3.33
Beta0.54
Outstanding Shares625,136,000

Return

Return on Equity13.34%ROE
Return on Assets8.04%
Return on Invested Capital12.19%

Valuation & Multiples

P/E Ratio9.69P/E Ratio
PEG2.47PEG
Price to Sales3.63Price to Sales
Price to Book Ratio1.1Price to Book Ratio
Enterprise Value to Revenue4.07
Enterprise Value to EBIT7.9
Enterprise Value to Net Income11
Total Debt to Enterprise0.15
Debt to Equity0.23Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 28, 2026
EPS Estimate
$2.01
Average shareholder expectation
Revenue Estimate
$3.14 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 28, 2026
EPS Estimate
$0.57
Average shareholder expectation
Revenue Estimate
$1.88 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9730 13.28%
Total Calls9,603,791 22.15%
Total Puts9,344,605 31.50%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %91.52% 1.66%
Total Invested$36.36B 16.57%
Investors Holding1,220 42.00%

ESG Score

No data

About EQT Corp

CEO: Toby Rice

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official 'revenue estimates' and technical expertise for all tax legislation. Its analysis directly influences the specifics of tax policy, corporate tax structures, and capital investment credits, which are crucial for EQT's financial planning and operational costs.

Finance

As the most powerful economic committee, it controls taxation and trade policy. Changes in corporate tax rates, deductions for energy companies, or trade policies related to energy exports directly impact EQT's profitability, investment decisions, and overall valuation.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates the massive derivatives and futures markets. These markets are critical for oil and natural gas companies like EQT for hedging price risk and for the sale of their products, making its regulatory decisions highly impactful.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands (for leasing and drilling permits), and the Department of Energy. Its decisions on leasing regulations and energy development are central to the valuation and operational scope of oil and gas companies like EQT.

Environment and Public Works

This committee directly regulates the EPA, which sets environmental standards (emissions, water quality, land use) critical for oil and gas extraction. It also oversees federal highway programs and infrastructure, which can impact the transportation and logistics for EQT's products.