| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 1 | 1 | — | — | 2 | 3 | 1 | — | 1 | — | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 0.66 |
—
—
—
|
| 2025 | 0.64 |
—
—
—
—
|
| 2024 | 0.63 |
—
—
—
—
|
| 2023 | 0.61 |
—
—
—
—
|
| 2022 | 0.55 |
—
—
—
—
|
| 2021 | ‡‡‡‡ |
|
| 2020 | 0.03 |
—
|
| 2019 | 0.12 |
—
—
—
—
|
| 2018 | 0.11 |
—
—
—
—
—
|
| 2017 | 0.07 |
—
—
—
—
|
| 2016 | 0.10 |
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 80.98 | 202.09 | 110.80 | 112.86 |
| Receivables | 915.11 | 1,229.99 | 1,485.72 | 835.14 |
| Inventory | — | — | — | — |
| Other | 978.63 | 143.58 | 202.39 | 138.94 |
| 2,012.98 | 1,714.68 | 1,895.15 | 1,177.83 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1,272.52 | 1,177.66 | 1,367.43 | 1,166.96 |
| ST’ Debt | 292.43 | 320.80 | 507.12 | 114.96 |
| Other | 391.37 | 795.94 | 472.79 | 364.57 |
| 2,036.84 | 2,461.55 | 2,484.84 | 1,750.28 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3,378.74 | 1,809.94 | — | — |
—
|
| ’25 | 1,739.85 | 2,557.72 | 1,958.57 | 2,388.07 |
8,644.21
|
| ’24 | 1,412.27 | 952.51 | 1,283.80 | 1,624.73 |
5,273.31
|
| ’23 | 2,661.07 | 1,018.75 | 1,186.10 | 2,043.00 |
6,908.92
|
| ’22 | (579.11) | 2,527.51 | 2,069.46 | 3,479.83 |
7,497.69
|
| ’21 | 949.92 | (260.12) | (1,464.84) | 3,839.69 |
3,064.66
|
| ’20 | 1,107.06 | 527.07 | 172.13 | 1,252.59 |
3,058.84
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3,055.05 | 1,048.01 | — | — |
—
|
| ’25 | 1,741.17 | 1,241.70 | 1,017.70 | 1,125.39 |
5,125.95
|
| ’24 | 1,155.66 | 322.05 | 592.99 | 756.28 |
2,826.97
|
| ’23 | 1,662.77 | 437.11 | 454.58 | 624.39 |
3,178.85
|
| ’22 | 1,021.22 | 230.42 | 1,150.12 | 1,063.80 |
3,465.56
|
| ’21 | 399.92 | 43.48 | 48.11 | 1,170.95 |
1,662.45
|
| ’20 | 500.26 | 446.86 | 184.46 | 406.12 |
1,537.70
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 2,456.65 | 397.83 | — | — |
—
|
| ’25 | 1,235.07 | 692.22 | 388.98 | 521.26 |
2,837.53
|
| ’24 | 621.20 | 217.74 | 21.55 | (287.23) |
573.26
|
| ’23 | 1,167.98 | (49.90) | (49.52) | 91.25 |
1,159.81
|
| ’22 | 728.94 | (162.27) | 787.62 | 710.83 |
2,065.12
|
| ’21 | 148.64 | (175.50) | (188.57) | 822.76 |
607.32
|
| ’20 | 244.11 | 301.86 | (89.53) | (526.82) |
(70.39)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 2.36 | 0.34 | — | — |
—
|
| ’25 | 0.40 | 1.30 | 0.53 | 1.08 |
3.31
|
| ’24 | 0.23 | 0.02 | (0.54) | 0.69 |
0.45
|
| ’23 | 3.10 | (0.18) | 0.20 | 1.13 |
4.22
|
| ’22 | (4.05) | 2.19 | 1.69 | 4.28 |
4.38
|
| ’21 | (0.15) | (3.35) | (5.55) | 4.69 |
(3.58)
|
| ’20 | (0.65) | (1.03) | (2.35) | 0.23 |
(3.71)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 19.20 | 28.11 | 30.02 | 43.57 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51.97 | 45.23 | 48.02 | 62.23 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 744 | 881 | 1,461 | 1,523 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.08 | 7.84 | 3.61 | 5.68 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,497.69 | 6,908.92 | 5,273.31 | 8,644.21 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 67.74% | 65.27% | 56.47% | 77.74% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,334.66 | 2,103.50 | 264.19 | 2,977.54 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.14% | 30.45% | 5.01% | 34.45% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,780.94 | 1,734.54 | 242.12 | 2,325.66 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,698.61 | 1,732.14 | 2,162.35 | 2,600.39 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.26 | 18.14 | 10.35 | 14.13 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.79 | 4.56 | 0.45 | 3.33 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.37 | 8.35 | 5.55 | 8.38 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.78) | (5.30) | (4.42) | (3.74) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.58 | 3.04 | 1.12 | 4.64 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.30 | 38.80 | 47.64 | 44.74 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 370.05 | 380.90 | 509.60 | 611.57 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 6.52 | 8.46 | 109.79 | 16.10 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 1.57 | 2.15 | 4.46 | 3.79 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.05 | 1.00 | 0.97 | 1.20 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.13 | 2.97 | 6.19 | 4.68 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.75 | 17.71 | 56.90 | 14.26 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,465.56 | 3,178.85 | 2,826.97 | 5,125.95 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,400.44) | (2,019.04) | (2,253.71) | (2,288.42) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,065.12 | 1,159.81 | 573.26 | 2,837.53 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 282.22 | (23.86) | (746.87) | (589.69) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,678.97 | 5,795.11 | 9,324.18 | 7,800.33 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,220.32 | 5,714.14 | 9,122.08 | 7,689.53 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11,213.33 | 14,780.82 | 24,278.14 | 27,360.15 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.00% | 7.24% | 0.71% | 5.00% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.01% | 7.06% | 1.28% | 5.79% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.72% | 13.35% | 1.18% | 7.90% | — | — | — |
ROE
|
EQT Corporation, a dominant force in the Marcellus and Utica shales, stands at the epicenter of America’s energy independence amid surging global LNG demand to Europe—spurred by the Russia-Ukraine war—and skyrocketing U.S. power needs from AI data centers. Despite commodity volatility and a debt surge from 2024’s transformative Tug Hill/XcL acquisitions, the company’s low-cost production edge and vast inventory position it for explosive growth, with historical resilience shining through cycles like the 2020 pandemic crash and 2022 boom.
Analyst forecasts ignite optimism: revenue poised to leap 60% to $8.43 billion in 2025, accelerating further through 2027, alongside EPS surging 577% to $3.05 then climbing to $5.58—driving PE compression and robust free cash flow. These gains stem from accretive scale, moderating capex, and catalysts like doubling U.S. LNG exports by 2028 and data center demand adding 10-15 Bcf/d by 2030, all while book value and operating cash flow underscore underlying strength.
Trading at a discount to peaks with 11-30% analyst price target upside, EQT’s setup—blending consolidation, efficiency, and macro tailwinds—signals a coiled spring for investors eyeing the next leg in natural gas dominance, though gas price risks linger.
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