EQT
EnergyEQT Corporation · Oil & Gas Exploration & Production · $36B
What is EQT Corporation?
EQT Corporation is one of the largest natural gas producers in the United States, operating primarily in the Appalachian Basin. The company has deep roots in domestic energy production and holds a substantial portfolio of proved reserves.
EQT generates revenue by producing and selling natural gas and natural gas liquids from its Appalachian acreage, with the Marcellus Shale play forming the core of its operations. The company extracts, processes, and delivers natural gas and NGLs — including ethane, propane, butane, and natural gasoline — to domestic markets. Its business model is heavily tied to natural gas commodity prices, with scale and low-cost production as central operating priorities.
EQT Corporation traces its origins to 1878 and is headquartered in Pittsburgh, Pennsylvania.
- Natural gas production from the Marcellus Shale
- Natural gas liquids including ethane, propane, and butane
- Large-scale Appalachian Basin acreage operations
- Proved reserves spanning approximately two million gross acres
Is EQT a Good Stock to Buy?
UQS Score rates EQT as Good overall, reflecting a balanced profile across its five analytical pillars.
EQT's Quality and Growth pillars both register as Good, suggesting the company maintains a reasonable operational foundation and has demonstrated meaningful expansion capacity within the natural gas sector. The Valuation pillar is rated Attractive, which may appeal to investors seeking exposure to energy at a reasonable entry point relative to fundamentals.
The Moat pillar is rated Weak, indicating limited durable competitive advantages — a common challenge in commodity-driven industries where pricing power is constrained by market forces.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does EQT pay dividends?
Yes — EQT Corporation pays a dividend.
EQT pays a regular dividend, offering income alongside its natural gas production exposure. For a commodity producer, maintaining a dividend signals a degree of cash flow confidence. Investors should review the current yield category and payout consistency on EQT's investor relations page, as dividend levels can shift with commodity price cycles.
When does EQT report earnings?
EQT Corporation reports earnings on a quarterly cadence, consistent with US-listed equity standards.
EQT's results tend to reflect natural gas price movements alongside production volumes and cost management efforts. Operational efficiency in the Marcellus has been a recurring theme in recent reporting periods.
For the most recent quarter's results and guidance, visit EQT Corporation's investor relations page directly.
EQT Price History
+191.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in EQT Corporation?
Based on EQT Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
EQT Long-term Outlook
EQT's Growth pillar rating of Good suggests the company has meaningful production and operational expansion potential, particularly as domestic natural gas demand evolves. However, the Weak Moat rating is a reminder that commodity producers face inherent pricing uncertainty. The Neutral Risk pillar indicates a balanced risk profile — neither unusually stable nor particularly volatile relative to energy sector peers. The Attractive Valuation rating suggests the market may not be fully pricing in the company's fundamental profile.
Growth drivers
- Continued development of Marcellus Shale acreage and proved reserves
- Growing domestic and export demand for natural gas
- Operational scale advantages supporting cost efficiency
Key risks
- Natural gas commodity price volatility directly impacts revenue
- Weak moat leaves EQT exposed to competitive and pricing pressures
- Regulatory and environmental policy shifts affecting fossil fuel producers
EQT vs Peers
EQT operates in a competitive natural gas and broader energy landscape alongside companies with distinct business models and geographic footprints.
Woodside is an Australian-based global LNG and oil producer, offering international energy exposure compared to EQT's domestic Appalachian focus.
TPL generates revenue primarily through land and royalty interests in the Permian Basin, a royalty-driven model distinct from EQT's direct production approach.
Devon is a diversified US oil and gas producer with multi-basin exposure, contrasting with EQT's concentrated natural gas and Appalachian strategy.
Frequently Asked Questions
What does EQT Corporation do?
EQT Corporation is a natural gas production company focused on the Appalachian Basin, particularly the Marcellus Shale. It produces natural gas and natural gas liquids — including ethane, propane, and butane — and sells them into domestic energy markets. EQT is among the largest natural gas producers in the United States by volume.
Does EQT pay dividends?
Yes, EQT pays a regular dividend. As a commodity producer, its dividend capacity is linked to natural gas prices and free cash flow generation. Investors should check EQT's investor relations page for the current dividend rate and payment schedule, as these can change with market conditions.
When does EQT report earnings?
EQT reports earnings on a quarterly cadence, in line with standard US-listed company practice. For the exact timing of upcoming earnings releases, refer to EQT Corporation's investor relations page, which maintains the official financial calendar.
Is EQT a good stock to buy?
UQS Score rates EQT as Good overall. The Valuation pillar is Attractive and both Quality and Growth are rated Good, which may interest investors seeking natural gas exposure at a reasonable valuation. The Weak Moat rating is a notable consideration. Pro members can view the full pillar breakdown to inform their own assessment.
Is EQT overvalued?
Based on the UQS framework, EQT's Valuation pillar is rated Attractive, suggesting the stock does not appear overpriced relative to its fundamental profile. Commodity producers can see rapid valuation shifts with energy prices, so ongoing monitoring is worthwhile. The full valuation metrics are available to UQS Pro members.
How does EQT compare to its competitors?
EQT is a concentrated natural gas producer in the Appalachian Basin, which differentiates it from peers like Devon Energy, which has multi-basin oil and gas exposure, and Texas Pacific Land, which operates a royalty-based model. Woodside Energy offers international LNG exposure. Each carries a distinct risk and return profile.
What is EQT's market cap bracket?
EQT Corporation is classified as a large-cap company, placing it among the more substantial publicly traded natural gas producers in the US energy sector. Large-cap status generally reflects greater liquidity and institutional coverage compared to smaller peers.
Who founded EQT Corporation?
EQT Corporation has roots dating back to 1878, making it one of the older energy companies in the United States. Detailed founding history, including key figures, is widely available through EQT's official corporate history and public records.
Is EQT a long-term quality investment?
From a long-term quality perspective, EQT's Good ratings in Quality and Growth suggest a reasonable operational foundation. However, the Weak Moat rating indicates limited durable competitive advantages — a structural challenge for commodity producers. Long-term holders should weigh natural gas demand trends and EQT's cost position carefully.
What is EQT's main competitive advantage?
EQT's primary competitive strength lies in its scale and low-cost production position within the Marcellus Shale, one of the most productive natural gas plays in North America. However, the UQS Moat pillar rates this advantage as Weak, reflecting the inherent difficulty of sustaining pricing power in commodity markets.
What sector does EQT belong to?
EQT Corporation belongs to the Energy sector, specifically within natural gas exploration and production. It is one of the largest pure-play natural gas producers in the US, with operations concentrated in the Appalachian Basin. Investors can explore other [Energy sector stocks](/sector/energy) on UQS Score.
Unlock Full EQT Corporation Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar ratings
- ✓Access full financial metrics and trend data
- ✓Compare EQT against sector peers side by side
- ✓See valuation and growth detail behind the Attractive rating
- ✓Get the complete analyst-style breakdown in one view
Pro Analysis
EQT — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 16, 2026 | 55.6 | 64.4 | 20.0 | 57.0 | 62.0 | 92.3 | +0.1 |
| May 7, 2026 | 55.5 | 64.4 | 20.0 | 57.0 | 62.0 | 91.6 | +0.1 |
| May 4, 2026 | 55.4 | 64.4 | 20.0 | 57.0 | 62.0 | 90.9 | -0.3 |
| May 2, 2026 | 55.7 | 64.4 | 20.0 | 57.6 | 62.0 | 91.7 | +0.1 |
| Apr 26, 2026 | 55.6 | 64.4 | 20.0 | 57.4 | 62.0 | 91.5 | -0.1 |
| Apr 25, 2026 | 55.7 | 64.4 | 20.0 | 57.5 | 62.0 | 91.7 | -0.1 |
| Apr 24, 2026 | 55.8 | 64.4 | 20.0 | 58.2 | 62.0 | 91.9 | 0.0 |
| Apr 23, 2026 | 55.8 | 64.4 | 20.0 | 58.3 | 62.0 | 91.7 | +3.0 |
| Apr 22, 2026 | 52.8 | 58.6 | 20.0 | 58.5 | 54.2 | 89.1 | -4.7 |
| Apr 21, 2026 | 57.5 | 68.9 | 20.0 | 68.8 | 54.2 | 89.1 | +0.2 |
EQT — Pillar Breakdown
Quality
— 64.4/100 (25%)EQT Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 57.2/100 (20%)EQT Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 62.0/100 (15%)EQT Corporation maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 90.8/100 (15%)EQT Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)EQT Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for EQT.
Score Composition
Financial Data
More Stock Analysis
How is the EQT UQS Score Calculated?
The UQS (Unified Quality Score) for EQT Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses EQT Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether EQT Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.