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EQT Corporation

EQT Energy Oil & Gas E&P

EQT Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, up 63.9% from fiscal 2024. In the quarter to June 2026, revenue fell 29.2%, EPS fell 74.1%, free cash flow fell 42.5% and total debt fell 32.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

54.30 1.85 +3.53%
Market cap
$32.8B
P/E
12.5×
Fwd P/E
10.8×
Dividend yield
1.22%
F-score
8/9
Altman Z
1.95
Beneish M
−2.55
Dividend safety
78/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 22.97
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — — 2 3 1 — 1 — 1 — —
Insider Ownership 1.11%

Capital & Financial Ratios $m

Market Cap 32,810.00
Revenue 9,535.32
Net Income 2,988.96
Free Cash Flow 3,764.71
Net Debt 5,542.85
Current Ratio 0.67 (below 1: weak)
Debt/Equity 0.20 (at or below 0.5: strong)
P/E ratio 12.51
Fwd P/E 10.80
P/S ratio 3.56
P/B ratio 1.18
Past 5Y EPS Growth —
This Y EPS Growth 30.61% (at or above 15%: strong)
Next Y EPS Growth (7.93%) (below 0%: weak)
Next Y revenue growth 6.72%
Next 5Y EPS Growth 19.45% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.1×, against a ten-year median of 3.7×; over the ten years it ranged from 1.4× in 2023 to 28.2× in 2021.
P/E against its own 10 years 40.43%
10-year low 10-year high
P/S against its own 10 years 74.68%
10-year low 10-year high
P/B against its own 10 years 77.63%
10-year low 10-year high
EV/Sales against its own 10 years 67.12%
10-year low 10-year high
EV/FCF against its own 10 years 24.18%
10-year low 10-year high

Dividends

Payout Ratio 0.15
Annual Dividend Rate 0.66
Annual Dividend Yield 1.22%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.66
0.17
0.17
0.17
2025 0.64
0.16
0.16
0.16
0.17
2024 0.63
0.16
0.16
0.16
0.16
2023 0.61
0.15
0.15
0.15
0.16
2022 0.55
0.13
0.13
0.15
0.15
2021 Powerpack
2020 0.03
0.03
2019 0.12
0.03
0.03
0.03
0.03
2018 0.11
0.02
0.02
0.02
0.03
0.03
2017 0.07
0.02
0.02
0.02
0.02
2016 0.10
0.02
0.02
0.02
0.02
0.03
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 81 202 111 113
Receivables 915 1,230 1,486 835
Inventory — — — —
Other 979 144 202 139
2,013 1,715 1,895 1,178
2023 2024 2025 Q'26
Payables 1,273 1,178 1,367 1,167
ST’ Debt 292 321 507 115
Other 391 796 473 365
2,037 2,462 2,485 1,750

Compound Annual Growth %

10y 5y 3y
Sales 13.96% 23.09% 4.86%
Cash Flow 15.47% 27.23% 13.94%
Earnings 37.38% 0.00% 4.81%
Book Value 13.04% 24.19% 34.63%

Revenue $m

Mar Jun Sep Dec Year
’26 3,379 1,810 — — —
’25 1,740 2,558 1,959 2,388 8,644
’24 1,412 953 1,284 1,625 5,273
’23 2,661 1,019 1,186 2,043 6,909
’22 (579) 2,528 2,069 3,480 7,498
’21 950 (260) (1,465) 3,840 3,065
’20 1,107 527 172 1,253 3,059
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3,055 1,048 — — —
’25 1,741 1,242 1,018 1,125 5,126
’24 1,156 322 593 756 2,827
’23 1,663 437 455 624 3,179
’22 1,021 230 1,150 1,064 3,466
’21 400 43 48 1,171 1,662
’20 500 447 184 406 1,538
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 2,457 398 — — —
’25 1,235 692 389 521 2,838
’24 621 218 22 (287) 573
’23 1,168 (50) (50) 91 1,160
’22 729 (162) 788 711 2,065
’21 149 (176) (189) 823 607
’20 244 302 (90) (527) (70)
Fiscal quarters ending in the months shown.

EPS $

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)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 26.29 27.02 16.29 8.34 4.21 12.93 19.20 28.11 30.02 43.57

Analyst estimates 2026–2028

Powerpack
High 43.88 36.93 32.48 21.86 17.97 23.37 51.97 45.23 48.02 62.23
People
People Employees 1,809 2,067 863 647 624 693 744 881 1,461 1,523
Revenue/emp, $m 0.77 1.50 5.28 6.83 4.90 4.42 10.08 7.84 3.61 5.68
Income, $m
Income, $m Revenue 1,387 3,091 4,558 4,416 3,059 3,065 7,498 6,909 5,273 8,644
Gross margin, % 23.65 55.88 58.32 56.67 38.81 28.48 67.74 65.27 56.47 77.74
EBT (894) 199 (3,077) (1,597) (1,254) (1,570) 2,335 2,103 264 2,978
EBT margin, % (64.47) 6.43 (67.52) (36.17) (41.00) (51.21) 31.14 30.45 5.01 34.45
Net income (131) 1,858 (2,007) (1,222) (959) (1,142) 1,781 1,735 242 2,326
Depreciation 928 1,063 1,774 1,598 1,445 1,709 1,699 1,732 2,162 2,600
Per share, $
Per share, $ Revenue 8.31 16.50 17.47 17.31 11.74 9.48 20.26 18.14 10.35 14.13
Earnings (2.71) 8.05 (8.60) (4.79) (3.71) (3.58) 4.79 4.56 0.45 3.33
Cash flow 6.37 8.74 11.41 7.26 5.90 5.14 9.37 8.35 5.55 8.38
Capex (15.57) (11.18) (15.21) (6.28) (6.17) (3.26) (3.78) (5.30) (4.42) (3.74)
Free cash flow (9.20) (2.44) (3.81) 0.98 (0.27) 1.88 5.58 3.04 1.12 4.64
Book value 54.61 98.27 42.00 38.42 35.54 30.85 30.30 38.80 47.64 44.74
Shares, m 167 187 261 255 261 323 370 381 510 612
Valuation, ×
Valuation, × P/E 0.00 4.45 0.00 0.00 0.00 0.00 6.52 8.46 109.79 16.10
P/S 4.20 1.93 1.08 0.63 1.13 2.69 1.57 2.15 4.46 3.79
P/B 0.64 0.32 0.45 0.28 0.37 0.83 1.05 1.00 0.97 1.20
EV/Sales 5.63 3.87 2.29 1.83 2.73 4.48 2.13 2.97 6.19 4.68
EV/FCF (5.09) (26.12) (10.50) 32.37 (118.84) 22.59 7.75 17.71 56.90 14.26
Cash, $m
Cash, $m Operating cash flow 1,064 1,638 2,976 1,852 1,538 1,662 3,466 3,179 2,827 5,126
Capex (2,600) (2,095) (3,969) (1,602) (1,608) (1,055) (1,400) (2,019) (2,254) (2,288)
Free cash flow (1,536) (457) (993) 249 (70) 607 2,065 1,160 573 2,838
Balance, $m
Balance, $m Working capital 1,024 (69) (385) 409 (547) (2,899) 282 (24) (747) (590)
Total debt 3,289 5,997 5,497 5,293 4,925 5,591 5,679 5,795 9,324 7,800
Net debt 1,900 5,971 5,494 5,288 4,907 5,477 4,220 5,714 9,122 7,690
Shareholders’ equity 9,119 18,415 10,958 9,804 9,263 9,971 11,213 14,781 24,278 27,360
Returns, %
Returns, % ROA (3.08) 6.71 (7.99) (6.18) (5.19) (5.75) 8.00 7.24 0.71 5.00
ROIC (4.28) 0.98 (10.57) (4.77) (3.87) (5.51) 11.01 7.06 1.28 5.79
ROE (5.28) 10.96 (13.67) (11.77) (10.06) (11.88) 16.72 13.35 1.18 7.90
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

EQT Corporation vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OXY Occidental Petroleum Corporation $60.7B 9.5× 7.6× +53.39% (above 0%: growing) +937.04% (above 0%: growing) +92.71% (above 0%: growing) 80.41% 50.90% Compare
FANG Diamondback Energy, Inc. $54.8B 39.7× 11.5× +51.22% (above 0%: growing) +179.41% (above 0%: growing) +219.18% (above 0%: growing) 88.04% 45.16% Compare
DVN Devon Energy Corporation $54.2B 12.0× 8.8× +73.13% (above 0%: growing) +43.66% (above 0%: growing) −130.16% (below 0%: shrinking) 81.22% 32.14% Compare
WDS Woodside Energy Group Ltd $44.1B 3.6× 11.1× +196.99% (above 0%: growing) +178.60% (above 0%: growing) −173.74% (below 0%: shrinking) 42.87% 0.00% Compare
EQT EQT Corporation $32.8B 12.5× 10.8× −29.24% (below 0%: shrinking) −74.05% (below 0%: shrinking) −42.53% (below 0%: shrinking) 73.19% 21.77%
TPL Texas Pacific Land Corporation $23.9B 44.7× 42.5× +31.20% (above 0%: growing) +32.48% (above 0%: growing) −63.88% (below 0%: shrinking) 100.00% 77.96% Compare
EXE Expand Energy Corporation $21.0B 8.0× 9.0× −19.78% (below 0%: shrinking) −46.19% (below 0%: shrinking) −49.71% (below 0%: shrinking) 72.91% 22.33% Compare
PR Permian Resources Corporation $19.8B 15.9× 11.5× +55.15% (above 0%: growing) +216.67% (above 0%: growing) +872.22% (above 0%: growing) 80.07% 49.95% Compare
APA APA Corporation $16.6B 10.4× 5.8× −8.15% (below 0%: shrinking) +26.95% (above 0%: growing) +4.61% (above 0%: growing) 101.46% 53.23% Compare
Median of peers $34.0B 11.2× 10.1× +52.31% +111.13% −22.55% 80.82% 47.56%

All 73 Oil & Gas E&P stocks →

EQT metrics, ten years each

EQT Corporation (EQT) key facts

  • Strength: EQT Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.6 billion, up 63.9% from fiscal 2024.
  • EQT Corporation (EQT) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, EQT traded at $54.30, a market capitalization of $32.8 billion.
  • EQT Corporation pays an annual dividend of $0.66 per share, a yield of 1.22%, with a payout ratio of 15.3%.
  • Return on equity was 7.90% and debt-to-equity 0.20.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.95 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

EQT Corporation (EQT) Latest News

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stockrow.com/EQT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com