EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States.
It is a $33.0B energy company. Revenue grew 32.3% over the last year, it keeps 28¢ of every dollar of sales as profit, and its net debt equals ~0.1 years of free cash flow. It trades at 12.2× earnings — around the middle of its own history.
- Website
- eqt.com
- Location
- Canonsburg, PA
- Employees
- 1 523
- Sector
- Energy
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth and Moat lag behind.
Valuation82
- P/E vs own history47th pct · 12/25
- FCF yield11.4% · 25/25
- P/S3.5x · 20/25
- EV/EBITDA5.7x · 25/25
Growth25
- Revenue CAGR29.6% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth-3.9% · 0/25
Profitability74
- ROIC8.5% · 12/25
- ROE11.2% · 12/25
- Net margin28.4% · 25/25
- Operating margin42.4% · 25/25
Health63
- Altman Z2.10 · 18/25
- Current ratio0.67 · 0/25
- Interest coverage12.9x · 25/25
- Net cash / debtD/A 1% · 20/25
Quality72
- Piotroski F7/9 · 22/25
- Beneish M-3.08 · 25/25
- FCF conversion139% · 25/25
- Margin stabilityσ 47.2% · 0/25
Moat43
- ROIC >12% years2/10 yrs · 0/25
- Median gross margin63.2% · 25/25
- FCF-positive years8/10 yrs · 18/25
- Worst-year net marginworst -49.2% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$2.04B net income
- FY2021FinancialBecame debt-freecash now exceeds total debt
- FY2018FinancialRevenue crossed $1B$4.56B for the year
- FY2018FinancialPositive free cash flow every year since8-year streak
- 2018MilestoneEQT spun off its pipeline division, Equitrans Midstream, in 2018
- FY2017FinancialTurned profitable$1.51B net income after a loss year
- 2017AcquisitionSteven Schlotterbeck became chief executive officer, He resigned in March 2018
- 2009MilestoneThe company changed its name to EQT Corporation
- 2000AcquisitionThe company acquired Appalachian wells and reserves from Statoil
- 1997AcquisitionThe company acquired Northeast Energy Services Co. (NORESCO) for $77 million and a number of offshore oil…
- 1995MilestoneThe company offered the first fixed bill energy contract in the U.S. in 1995
- 1950IPOThe company separated from the Philadelphia Company and was listed on the New York Stock Exchange
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (62.5%)
- Strongly profitable — 28.4% net margin
- Revenue growing 32.3% year over year
- Strong cash conversion — FCF is 39.4% of revenue
- Could repay net debt from ~1.5 years of free cash flow
Watch-outs
- Loss-making in 5 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+32.3% YoY
- Profitable — makes more than it spends$2.71B TTM
- Profit growing — earnings are higher than last year-8.7% YoY
- Generates cash — cash left after running and investing$3.76B TTM
- Debt under control — could handle its obligations~0.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$33.0B market cap
- Not printing shares — share count not ballooning — you keep your slice+141.3% shares over ~5y
- Proven track record — years of profitability behind it5/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.1 — grey
- Pays a dividend — returns cash to shareholdersyield 1.23%
- Valuation not extreme — price not wildly above earningsP/E 12.2
Peer comparisonEQT Corp vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| EQT this company | $33.0B | 12.2 | +32.3% | 28.4% | Solid |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: EQT vs XOM · EQT vs CVX · EQT vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/EQT
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of EQT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $52.83 · market cap $33.0B.