EQT Corporation (EQT) Stock Price & Analysis
EQT Corporation (EQT) closed at USD 54.67 on Thursday, October 22, 2026, up 1.11% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 54.67; the Oct 22, 2026 session ranged USD 52.84–54.78 on volume of 11,057,213 shares. Market capitalization is —, with a 52-week range of USD 47.94–68.24 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EQT.md
Key facts (EQT)
- Last four reported quarters (through Jun 30, 2026): revenue $9.54B, net income $2.71B (28.4% margin), free cash flow $3.76B (SEC filings).
- 2 of 80 tracked superinvestors hold EQT (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $15.3M; 1 not under a Rule 10b5-1 plan ($246K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +3.3% vs S&P 500 +14.9%; 5Y +174.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.36, revenue estimate $1.78B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EQT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.80B | $12.1B | $6.91B | $5.27B | $8.64B | $9.54B |
| Gross profit | $4.86B | $10.00B | $4.75B | $3.36B | $7.11B | — |
| Operating income | -$1.36B | $2.72B | $2.31B | $685M | $3.25B | $4.05B |
| Net income | -$1.14B | $1.77B | $1.74B | $231M | $2.04B | $2.71B |
| EPS (diluted) | -$3.54 | $4.38 | $4.22 | $0.45 | $3.31 | — |
| Free cash flow | $607M | $2.07B | $1.16B | $573M | $2.84B | $3.76B |
| Gross margin | 71.5% | 82.5% | 68.8% | 63.7% | 82.3% | — |
| Operating margin | -20.0% | 22.4% | 33.5% | 13.0% | 37.6% | 42.5% |
| Net margin | -16.8% | 14.6% | 25.1% | 4.4% | 23.6% | 28.4% |
| Revenue growth | +122.4% | +78.0% | -43.0% | -23.7% | +63.9% | — |
| Cash + short-term investments | $114M | $1.46B | $81.0M | $202M | $111M | — |
| Total debt | $5.59B | $5.68B | $5.80B | $9.32B | $7.80B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (EQT)
P/E at fiscal year-ends: Dec 2025 16.2x, Dec 2024 102.9x, Dec 2023 9.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (EQT)
2 of 80 tracked investors hold EQT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Harry Burn | Sound Shore | 2.56% | $83.2M | Added +26.7% |
| Van Den Berg Management I | 2.50% | $11.8M | Reduced -1.6% |
Insider sales (SEC Form 4, open-market, last ~7 months) (EQT)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-14 | Rice Toby Z. | PRESIDENT & CEO | 175,328 | $9.6M | 7.5% | Yes (adopted March 6, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05…2026-06-08 | Rice Toby Z. | PRESIDENT & CEO | 98,714 | $5.4M | 4.1% | Yes (adopted March 6, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-27 | Bailey Vicky A | Director | 4,116 | $246K | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (EQT)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | UBS | Target lowered | Buy | $77 → $76 |
| 2026-10-15 | Scotiabank | Initiated | Sector Perform | $54 |
| 2026-10-15 | Mizuho | Target lowered | Outperform | $72 → $68 |
| 2026-09-29 | Jefferies | Target lowered | Buy | $75 → $73 |
| 2026-09-23 | Citigroup | Target raised | Buy | $67 → $68 |
| 2026-09-17 | Stephens & Co. | Reiterated | Overweight | $71 |
| 2026-09-14 | UBS | Target raised | Buy | $73 → $77 |
| 2026-08-19 | Morgan Stanley | Target lowered | Overweight | $68 → $67 |
| 2026-08-17 | Barclays | Target lowered | Overweight | $70 → $68 |
| 2026-07-28 | Citigroup | Target lowered | Buy | $70 → $67 |
| 2026-07-22 | Stephens & Co. | Target raised | Overweight | $71 → $72 |
| 2026-07-22 | Barclays | Target raised | Overweight | $69 → $70 |
Total return (dividends reinvested) (EQT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +3.3% | +174.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +3.3% | +22.3% |
| Volatility (annualized) | 29.8% | 40.1% |
| Max drawdown | -28.1% (Mar 2026→Sep 2026) | -40.4% (Aug 2022→Mar 2023) |
EQT revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Upstream | $1.66B | 91.9% | -31.3% |
| Gathering | $341.3M | 18.9% | +6.6% |
| Transmission | $141.2M | 7.8% | +4.9% |
| Total revenue | $1.81B | 100% | — |
EQT revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Revenues From Contract With Customers | $1.76B | 97.0% | -4.4% |
| Sales Of Natural Gas NG Ls & Oil At Production | $1.61B | 89.0% | -5.3% |
| — Natural Gas Sales (part of Sales Of Natural Gas NG Ls & Oil At Production) | $1.42B | 78.7% | -7.5% |
| — NG Ls Sales (part of Sales Of Natural Gas NG Ls & Oil At Production) | $152.9M | 8.4% | +5.4% |
| — Oil Sales (part of Sales Of Natural Gas NG Ls & Oil At Production) | $32.8M | 1.8% | +102.6% |
| Total revenue | $1.81B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
EQT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | MVP | “See "Transmission Segment Assets and Operations – MVP Joint Venture" for discussion of our investments in the MVP Joint Venture.” |
| Partner | Transcontinental Gas Pipe Line Company | “For example, our storage system and the MVP Joint Venture's transmission system interconnect, as applicable, with the following third-party interstate pipelines: Transcontinental Gas Pipe Line Company, LLC, East Tennessee Natural Gas, Texas Eastern, Eastern Gas Transmission, Columbia Gas Transmission, Tennessee Gas Pipeline Company, Rockies Express Pipeline LLC, National Fuel Gas Supply Corporation and ET Rover Pi…” |
| Partner | Rockies Express Pipeline | “For example, our storage system and the MVP Joint Venture's transmission system interconnect, as applicable, with the following third-party interstate pipelines: Transcontinental Gas Pipe Line Company, LLC, East Tennessee Natural Gas, Texas Eastern, Eastern Gas Transmission, Columbia Gas Transmission, Tennessee Gas Pipeline Company, Rockies Express Pipeline LLC, National Fuel Gas Supply Corporation and ET Rover Pi…” |
| Partner | National Fuel Gas Supply | “For example, our storage system and the MVP Joint Venture's transmission system interconnect, as applicable, with the following third-party interstate pipelines: Transcontinental Gas Pipe Line Company, LLC, East Tennessee Natural Gas, Texas Eastern, Eastern Gas Transmission, Columbia Gas Transmission, Tennessee Gas Pipeline Company, Rockies Express Pipeline LLC, National Fuel Gas Supply Corporation and ET Rover Pi…” |
| Partner | ET Rover Pipeline | “For example, our storage system and the MVP Joint Venture's transmission system interconnect, as applicable, with the following third-party interstate pipelines: Transcontinental Gas Pipe Line Company, LLC, East Tennessee Natural Gas, Texas Eastern, Eastern Gas Transmission, Columbia Gas Transmission, Tennessee Gas Pipeline Company, Rockies Express Pipeline LLC, National Fuel Gas Supply Corporation and ET Rover Pi…” |
| Partner | Equitrans Midstream | “Firm reservation fee revenue increased for 2025 compared to 2024 due primarily to the timing of the completion of the Equitrans Midstream Merger, which contributed approximately $377 million of additional firm reservation fee revenue in 2025, partly offset by lower revenue of approximately $66 million from the declining rate structures under the gas gathering agreement with our Upstream segment.” |
| Partner | WILLIAMS COMPANIES, INC. (WMB) | “(b)Laurel Mountain Midstream, LLC (LMM) is a midstream company formed as a joint venture among the Company, Williams Companies Inc. and certain other energy companies for the purpose of owning and operating gathering and processing assets.” |
| Partner | NEXTERA ENERGY INC (NEE) | “As of December 31, 2025, MVP A's members consisted of the Midstream Joint Venture and affiliates of each of NextEra Energy, Inc. (NextEra), Con Edison Gas Pipeline and Storage, LLC (ConEd), AltaGas Ltd. (AltaGas) and RGC Resources, Inc. (RGC).” |
| Partner | RGC RESOURCES INC (RGCO) | “As of December 31, 2025, MVP A's members consisted of the Midstream Joint Venture and affiliates of each of NextEra Energy, Inc. (NextEra), Con Edison Gas Pipeline and Storage, LLC (ConEd), AltaGas Ltd. (AltaGas) and RGC Resources, Inc. (RGC).” |
Quoted from the company's 10-K filed Feb 18, 2026.
EQT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.36 | $0.58 | -37.3% | $1.78B | 23 |
| Next quarter (ends Dec 2026) | $0.83 | $1.07 | -22.8% | $2.08B | 12 |
| Current fiscal year (ends Dec 2026) | $3.88 | $4.28 | -9.3% | $9.01B | 25 |
| Next fiscal year (ends Dec 2027) | $3.72 | $4.51 | -17.4% | $8.73B | 12 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 54.67 |
|---|---|
| Change | ▲ 1.11% (up) |
| Previous Close | USD 54.67 |
| Open | USD 54.67 |
| Day Range | USD 52.84 – 54.78 |
| 52-Week Range | USD 47.94 – 68.24 |
| Volume | 11,057,213 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (EQT)
Nexqual's technical model rates EQT "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 56.52 (neutral) |
| vs SMA50 | Above (USD 52.98) |
| MACD | 0.63 (positive) |
Earnings (EQT)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 0.36 |
| Revenue Estimate | $1.78B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.39 vs est 0.4 ▼ miss |
| 2026-03-31 | USD 2.33 vs est 2.09 ▲ beat |
| 2025-12-31 | USD 0.9 vs est 0.76 ▲ beat |
| 2025-09-30 | USD 0.52 vs est 0.36 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (EQT)
| Total Revenue | $9.29B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -3.90% |
| Gross Margin | +80.75% |
| Operating Margin | +23.37% |
| Profit Margin | +29.18% |
| ROE | +11.08% |
| Debt / Equity | 0.2 |
| Current Ratio | 0.67 |
| Total Cash | $112.86M |
| Total Debt | $5.66B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $3.76B (39.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (EQT)
Nexqual rates EQT Corporation's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Strong — Revenue +64% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 81%, operating 23% (last 12 months) |
| Balance Sheet | Solid — $113M cash and investments vs $5.66B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $3.76B (last 4 quarters to Jun 2026, SEC), 39% margin |
| Efficiency | Mixed — ROE 11%, ROA 6.6% |
Ownership (EQT)
| Insider Ownership | +0.90% |
|---|---|
| Institutional Ownership | +95.67% |
| Shares Outstanding | 625.52M |
| Float | 619.11M |
| Short % of Float | +4.12% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From EQT Corporation's Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- In 2026, we expect to make approximately $70 million to $80 million of capital contributions to our equity method investments, including to Mountain Valley Pipeline, LLC (the MVP Joint Venture).
- We are a vertically integrated natural gas company with upstream, gathering and transmission operations focused in the Appalachian Basin.
- Our proprietary digital work environment, the size and contiguity of our asset base, and our robust midstream pipeline network uniquely position us to execute on a multi-decade inventory of combo-development projects in our core acreage position.
- Further, our integrated business model provides resilience across pricing environments.
Partnerships
- Our capital allocation plan is focused on maintaining production volumes while also returning capital to shareholders, including through our quarterly cash dividend and share repurchase program, pursuant to which we are authorized to repurchase shares of our outstanding common stock for an aggregate purchase price of up to $2 billion, excluding fees, commissions and expenses.
Legal & Regulatory Risks (Item 1A, quoted)
- Laws and regulations directed at restricting emissions of methane and other GHGs could result in increased operating costs and reduced demand for the natural gas, NGLs and oil that we produce and our midstream systems service.
- We may also face increased litigation risks arising from climate-related disclosures required by regulations.
- We are subject to complex federal, state, local and other laws and regulations that could adversely affect the cost, manner or feasibility of conducting our operations or expose us to significant liabilities.
- Our and the MVP Joint Venture's natural gas gathering, transmission and storage services, as applicable, are subject to extensive regulation by federal, state and local regulatory authorities. Changes in or additional regulatory measures adopted by such authorities, and related litigation, could have a material adverse effect on our business, financial condition, results of operations, and cash flows.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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| TPL | Texas Pacific Land Corporation | USD 333.67 | ▼ 3.09% |
| EXE | Expand Energy Corporation | USD 92.96 | ▲ 0.14% |
| DVN | Devon Energy Corporation | USD 49.18 | ▼ 1.38% |
| PR | Permian Resources Corporation | USD 24.4 | ▼ 1.77% |
| FANG | Diamondback Energy, Inc. | USD 197.14 | ▼ 1.89% |
| OVV | Ovintiv Inc. (DE) | USD 69.3 | ▼ 0.8% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt