EQT (EQT) AI Stock Analysis

• Market Cap: $32.00B
• Dividend Yield: 1.17%
• Average Volume (3M): 9.10M
• Price to Earnings (P/E): 92.3
• Beta (1Y): 1.10
• Revenue Growth: 39.56%
• EPS Growth: -59.84%
• Country: US
• Employees: 881
• Sector: Energy
• Sector Strength: 43
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 1.18
• Shares Outstanding: 598,626,000
• 10 Day Avg. Volume: 9,358,063
• 30 Day Avg. Volume: 9,100,697
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 16.40
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $58.11
• Price Target Upside: 8.82% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 20

EQT's robust financial health and strategic positioning underscore a strong performance outlook. Despite high valuation metrics and market volatility risks, positive earnings call results and financial resilience support a solid stock rating.

Positive Factors

Acquisitions

EQT announced an attractive acquisition of upstream and midstream assets from Olympus Energy, which expands its position in Southwest Pennsylvania.

Financial Performance

EQT reported strong results surpassing expectations across all key metrics and improved its standalone outlook due to continued efficiency gains and strong well performance.

Strategic Growth

EQT is positioned for sustainable, demand-driven growth, pending firm contracts with power/data center partners, leveraging its low-cost, integrated business model for prudent production expansion.

Negative Factors

Market Valuation

The reaffirmed Hold rating is based on less attractive free cash flow yield compared to peers and a more expensive EV/EBITDA multiple in the current natural gas price environment.

Production Guidance

The production guidance for the second quarter fell short of expectations with higher capital expenditure than initially estimated.

EQT Business Overview & Revenue Model

Company Description

EQT Corporation is a leading independent natural gas production company with an emphasis on the Appalachian Basin. The company is primarily engaged in the exploration, development, and production of natural gas, natural gas liquids (NGLs), and crude oil. EQT's core operations are focused on the Marcellus and Utica shale plays, making it one of the largest natural gas producers in the United States. With a commitment to sustainability and efficiency, EQT leverages advanced technologies to optimize resource extraction and reduce environmental impact.

How the Company Makes Money

EQT Corporation generates revenue primarily through the sale of natural gas, natural gas liquids (NGLs), and crude oil produced from its wells. The company sells its products to a variety of customers, including utilities, industrial users, and gas marketers, who use natural gas for electricity generation, heating, and other industrial processes. EQT's revenue model is heavily influenced by the market prices of natural gas, NGLs, and crude oil, which can fluctuate based on supply and demand dynamics, geopolitical factors, and global economic conditions. Additionally, EQT engages in hedging activities to manage price risks and stabilize cash flows. Strategic partnerships and joint ventures with other energy companies also play a role in expanding its operational capabilities and market reach.

EQT Financial Statement Overview

Summary

EQT exhibits strong financial health with revenue growth, robust cash flow, and a stable balance sheet. The company shows resilience against sector volatility, but rising debt and operational challenges need monitoring.

Income Statement

EQT has shown a positive trend in revenue growth, with a TTM (Trailing-Twelve-Months) revenue of $5.66 billion, up from $5.22 billion in the previous year. The gross profit margin is strong at approximately 54.6%, reflecting efficient cost management. The net profit margin improved significantly to 7.82% in the TTM period, demonstrating enhanced profitability. However, there was a slight decline in EBIT margin, indicating potential operational challenges.

Balance Sheet

The company's balance sheet exhibits a stable equity base with stockholders' equity at $20.72 billion. The debt-to-equity ratio of approximately 0.41 suggests moderate leverage, which is manageable. The equity ratio of 52.2% indicates a solid equity position relative to total assets, providing a cushion against financial volatility. However, the increase in total debt warrants monitoring to ensure continued financial stability.

Cash Flow

EQT shows robust cash flow generation with TTM operating cash flow of $3.41 billion and free cash flow of $1.19 billion. The free cash flow growth rate is impressive at over 108%, underscoring strong cash generation capabilities. The operating cash flow to net income ratio stands at 7.71, reflecting efficient conversion of income into cash. These factors contribute to a strong cash flow position, reinforcing liquidity.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
5.22B	5.07B	12.14B	6.84B	2.66B
	Gross Profit
2.68B	3.08B	8.06B	3.00B	-626.98M
	EBIT
685.30M	2.31B	6.04B	961.84M	-877.67M
	EBITDA
2.88B	4.06B	4.25B	396.92M	450.12M
	Net Income Common Stockholders
230.58M	1.74B	1.77B	-1.15B	-967.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
202.09M	80.98M	1.46B	113.96M	18.21M
	Total Assets
39.83B	25.29B	22.67B	21.61B	18.11B
	Total Debt
9.37B	5.84B	5.71B	5.51B	4.95B
	Net Debt
9.16B	5.76B	4.26B	5.40B	4.93B
	Total Liabilities
15.55B	10.50B	11.46B	11.56B	8.85B
	Stockholders Equity
20.60B	14.77B	11.17B	10.03B	9.26B
Cash Flow		Free Cash Flow
573.26M	1.16B	2.04B	607.32M	495.47M
	Operating Cash Flow
2.83B	3.18B	3.47B	1.66B	1.54B
	Investing Cash Flow
-1.58B	-4.31B	-1.42B	-2.07B	-1.56B
	Financing Cash Flow
-1.13B	-242.86M	-699.13M	506.05M	31.71M

EQT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQT, the sentiment is Positive. The current price of 53.4 is above the 20-day moving average (MA) of 50.52, above the 50-day MA of 50.48, and above the 200-day MA of 43.22, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 59.22 is Neutral, neither overbought nor oversold. The STOCH value of 86.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EQT.

EQT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EQT	75 Outperform	$32.00B	92.29	2.06%	1.17%	39.56%	-59.84%
DVN	73 Outperform	$19.68B	6.72	20.88%	4.13%	12.06%	-16.37%
CTRA	72 Outperform	$17.52B	14.71	9.40%	3.76%	10.33%	-0.13%
RRC	67 Neutral	$8.37B	31.43	6.96%	0.92%	11.88%	-43.44%
CNX	62 Neutral	$4.55B	9.01	-7.30%	―	22.23%	-130.65%
CQP	61 Neutral	$28.70B	13.95	117.38%	5.53%	-9.93%	-50.50%
Sector *	56 Neutral	$6.91B	3.46	-4.86%	5.95%	0.08%	-49.21%

EQT Corporate Events

EQT Shareholders Approve 2025 Employee Stock Plan

At the Annual Meeting of Shareholders held on April 16, 2025, EQT Corporation’s shareholders approved the 2025 Employee Stock Purchase Plan, which allows employees to purchase company stock at a discounted rate starting in 2026. Additionally, an amendment to the company’s bylaws was approved to provide officer exculpation under Pennsylvania law. The meeting also saw the election of directors, approval of executive compensation, and ratification of Ernst & Young LLP as the independent auditor for 2025.

Spark’s Take on EQT Stock

According to Spark, TipRanks’ AI Analyst, EQT is a Outperform.

EQT’s overall score reflects its strong operational performance and financial stability, supported by robust technical indicators and positive earnings call sentiment. However, high valuation metrics and challenges in cash flow growth slightly temper the outlook. The strategic corporate event adds a positive nuance, indicating proactive financial management.

To see Spark’s full report on EQT stock, click here.

EQT Extends Exchange Offers Deadline to March 28, 2025

On March 24, 2025, EQT Corporation announced an extension of the expiration date for its previously declared Exchange Offers and Consent Solicitations related to EQM Midstream Partners’ outstanding notes. The extension moves the deadline to March 28, 2025, and includes a waiver of the consent threshold condition, allowing for the adoption of proposed amendments to the notes’ indentures. This strategic move aims to streamline EQM’s financial structure by eliminating restrictive covenants and certain default events, potentially enhancing operational flexibility and financial stability.

EQT Appoints New Board Chair Amid Leadership Transition

On February 7 and February 11, 2025, EQT Corporation announced that several members of its Board of Directors, including Janet L. Carrig, James T. McManus II, Anita M. Powers, and Lydia I. Beebe, decided not to seek re-election and will retire following the 2025 Annual Meeting of Shareholders. As part of this transition, Thomas F. Karam was appointed as the new independent Board Chair, effective immediately after the 2025 Annual Meeting. Mr. Karam, who joined EQT’s Board in July 2024 after the acquisition of Equitrans Midstream Corporation, previously served as its CEO and Chairman, marking a significant shift in the company’s governance structure.