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EQT Corporation

EQT Corporation

NYSE•EQT
CEO: Mr. Toby Z. Rice
Sector: Energy
Industry: Oil & Gas Exploration & Production
Listing Date: 1980-03-17
EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
Contact Information
EQT Plaza, 625 Liberty Avenue Suite 1700, Pittsburgh, PA, 15222-3111, United States
412-553-5700
www.eqt.com
Market Cap
$34.65B
P/E (TTM)
19.5
17.6
Dividend Yield
1.1%
52W High
$62.23
52W Low
$43.57
52W Range
64%
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.82B+49.78%
4-Quarter Trend

EPS

$0.54-200.00%
4-Quarter Trend

FCF

$391.30M+1564.38%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Reverses Sharply Net income attributable to EQT Corp $336M for Q3 2025, reversing prior year loss of $301M.
Total Revenues Surge 54% Total operating revenues reached $1.96B for the quarter, marking a 54.1% increase over Q3 2024 results.
Production Income Turns Positive Production segment operating income $370M for the quarter, a significant turnaround from $235M loss last year.
Strong Operating Cash Flow Cash provided by operating activities totaled $4.00B for the nine months ended September 30, 2025.

Risk Factors

Continued Commodity Price Volatility Revenue and profitability remain impacted by volatile natural gas prices due to macroeconomic and geopolitical tensions.
Litigation Contingency Reserve Recorded $167.5M reserve for Securities Class Action settlement, paid in Q3 2025, partially offset by insurance.
Development Schedule Uncertainty Low gas prices or volatility may force adjustments to 2025 planned development schedules and capital expenditures.
Environmental Proceedings Risk PHMSA issued Notice of Probable Violation and proposed $939K penalty related to Rager Mountain Facility venting.

Outlook

Q4 CapEx Guidance Issued Expect Q4 2025 capital expenditures between $635M and $735M, funded by operations and revolving credit facility.
Integrating Olympus Energy Assets Olympus Energy Acquisition contributed $115.5M revenue post-closing in Q3 2025, integration ongoing.
Debt Management Activities Significant debt repayments occurred in 9M 2025; EQT's RCF maturity extended to July 2030.
Tax Law Impact Evaluation Evaluating impact of One Big Beautiful Bill Act; expects to be in a net tax loss position for FY 2025.

Peer Comparison

Revenue (TTM)

Cenovus Energy Inc.CVE
$39.71B
-0.2%
Occidental Petroleum CorporationOXY
$26.78B
-2.7%
Woodside Energy Group LtdWDS
$26.35B
-8.1%

Gross Margin (Latest Quarter)

Texas Pacific Land CorporationTPL
84.5%
-8.7pp
EQT CorporationEQT
36.2%
+28.5pp
Coterra Energy Inc.CTRA
35.6%
+9.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FANG$44.59B10.710.9%21.3%
OXY$43.45B21.05.9%27.4%
TRGP$41.11B25.063.9%72.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
-7.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:$0.73
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 22, 2025|
    Revenue: $1.82B+49.8%
    |
    EPS: $0.54-200.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 23, 2025|
    Revenue: $2.56B+187.0%
    |
    EPS: $1.31+5993.0%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 23, 2025|
    Revenue: $2.42B+85.2%
    |
    EPS: $0.40+66.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $5.22B+3.0%
    |
    EPS: $0.45-90.1%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $1.22B+20.7%
    |
    EPS: $-0.54-357.1%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 24, 2024|
    Revenue: $891.18M+4.3%
    |
    EPS: $0.02-111.9%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 24, 2024|
    Revenue: $1.31B-28.9%
    |
    EPS: $0.24-92.9%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 14, 2024|
    Revenue: $5.07B-58.2%
    |
    EPS: $4.56-4.8%
    Meet