EQT Corp (EQT)
Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component
$54.30
▲ +1.85 (3.53%)
Fair valueOvervalued
$26 −51.6% to fair value
$13fair band $16–$37$39
Day's range
$52.46 – $54.45
52-week range
$47.79 – $67.84
Red flags⚠ Heavy dilution
About EQT Corp
EQT is one of the largest natural gas producers in the United States, with operations centered in the Appalachian Basin in Pennsylvania, West Virginia and Ohio. It drills and operates wells and also owns pipeline and gathering infrastructure to move gas to market. Revenue comes from selling natural gas and a smaller amount of liquids at market prices, so earnings follow changes in gas prices and production levels.
EQT Corp generated $9.5 billion of revenue in the last twelve months, with sales that fell 10.6% a year over the past three years. Net debt to EBITDA is 0.8 times. The operating margin is 42.5% and the return on invested capital is 10%. Shareholders receive a dividend, yielding 1.2%. Its X-Ray Score is 63 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $47.79 – $67.84Volume 8,041,000Daily, split-adjusted
Vitals
Market cap$34.2B
52-week range$47.79 – $67.84
Volume (last day)8,041,000
P/E (TTM)12.5
EBIT / EV yield9.4%
Free-cash-flow yield11.0%
Dividend yield1.2%
Revenue (TTM)$9.5B
Net income (TTM)$2.7B
Operating margin42.5%
Return on capital10.2%
Debt incl. leases$5.7B
Cash & securities$113M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$26model spread $26 – $26
Overvalued
−51.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $54
Undervalued < $16Fair $16 – $37Overvalued > $37
10-year DCF (market-scaled)
$-3
Peer multiples
$23
Earnings power floor (not blended)
$-8
Fundamentals-adjusted multiple
$29
Growth the price implies
44.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Fair
54/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield9.4%
Free-cash-flow yield11.0%
Fair value vs price0.5×
Growth
Fair
63/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)-10.6%
EPS growth (3y)-8.9%
Growth consistency60%
Profitability
Weak
48/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital10.2%
Operating margin42.5%
Gross profitability19.3%
Financial health
Fair
55/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA0.8×
Interest cover10.4×
Dividends
Fair
64/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.2%
Dividends vs free cash flow11%
Dividend growth24.1%
Quarterly results: last 6 quarters
+23.2%
Mar '25
+168.5%
Jun '25
+52.6%
Sep '25
+47.0%
Dec '25
+94.2%
Mar '26
-29.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.8B, diluted EPS $0.34.
Compare with peers
APA APA Corp69 EXE EXPAND ENERGY Corp68 EOG Eog Resources Inc66 COP Conocophillips59Other Oil & Gas Exploration & Production companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 4 Average · ● 5 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 55/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.8B | $12.1B | $6.9B | $5.3B | $8.6B |
| Operating income | −$1.4B | $2.7B | $2.3B | $685M | $3.2B |
| Net income | −$1.1B | $1.8B | $1.7B | $231M | $2.0B |
| Operating cash flow | $1.7B | $3.5B | $3.2B | $2.8B | $5.1B |
| Operating margin | -20.0% | 22.4% | 33.5% | 13.0% | 37.6% |
| Free cash flow | $607M | $2.1B | $1.2B | $573M | $2.8B |
| Diluted EPS | $-3.54 | $4.38 | $4.22 | $0.45 | $3.31 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
11 bullish · 1 neutral · 4 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 52.88 | Bullish |
| EMA 10 | 52.80 | Bullish |
| SMA 20 | 51.55 | Bullish |
| EMA 20 | 52.38 | Bullish |
| SMA 50 | 52.91 | Bullish |
| EMA 50 | 52.50 | Bullish |
| SMA 100 | 52.43 | Bullish |
| EMA 100 | 53.18 | Bullish |
| SMA 200 | 55.22 | Bearish |
| EMA 200 | 53.84 | Bullish |
Oscillators (daily)
| RSI (14) | 59.64 | Neutral |
| MACD (12, 26) | 0.31 | Bullish |
| Momentum (12) | 11.82 | Bullish |
| Stochastic %K (14) | 95.33 | Bearish |
| Williams %R (14) | -4.67 | Bearish |
| CCI (20) | 111.4 | Bearish |
Pivot points (classic, last session)
S3 51.03 | S2 51.75 | S1 53.02 | Pivot 53.74 | R1 55.01 | R2 55.73 | R3 57.00 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.66 USD
Yield on today's price
1.22%
Frequency
Quarterly
Next ex-dividend date
4 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 4 Nov 2026 (upcoming) | 0.1700 |
| 5 Aug 2026 | 0.1650 |
| 6 May 2026 | 0.1650 |
| 17 Feb 2026 | 0.1650 |
| 5 Nov 2025 | 0.1650 |
| 6 Aug 2025 | 0.1580 |
| 7 May 2025 | 0.1580 |
| 18 Feb 2025 | 0.1580 |
| 6 Nov 2024 | 0.1580 |
| 7 Aug 2024 | 0.1580 |
| 7 May 2024 | 0.1580 |
| 16 Feb 2024 | 0.1580 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
EQT SEC filings
13 Oct 2026
8-KSEC EDGAR
Results of operations
7 Oct 2026
8-KSEC EDGAR
Entered a material agreement
22 Jul 2026
10-QSEC EDGAR
Quarterly report
21 Jul 2026
8-KSEC EDGAR
Results of operations
14 Jul 2026
8-KSEC EDGAR
Results of operations
22 Apr 2026
10-QSEC EDGAR
Quarterly report
21 Apr 2026
8-KSEC EDGAR
Results of operations
15 Apr 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.