EQT Corporation is a natural gas production company in the United States. The company is headquartered in Pittsburgh, Pennsylvania.
| Revenue (TTM) | $9.29B |
| Gross Profit (TTM) | $7.50B |
| EBITDA | $7.00B |
| Operating Margin | 23.40% |
| Return on Equity | 11.10% |
| Return on Assets | 6.63% |
| Revenue/Share (TTM) | $14.87 |
| Book Value | $40.16 |
| Price-to-Book | 1.29 |
| Price-to-Sales (TTM) | 3.48 |
| EV/Revenue | 4.016 |
| EV/EBITDA | 5.49 |
| Quarterly Earnings Growth (YoY) | -74.00% |
| Quarterly Revenue Growth (YoY) | -3.90% |
| Shares Outstanding | $625.52M |
| Float | $619.95M |
| % Insiders | 0.78% |
| % Institutions | 93.64% |
Volatility is currently expanding
EQT is building long-term gas demand through power contracts, data centers, pipelines and LNG exposure, but execution risks cloud the near term.
EQT Corporation fell about 22% in the 90 days before Q2 earnings on a broad natural-gas selloff, not a company problem — its largely unhedged 2026 book made the stock swing. Q2 2026 missed adjusted EPS by a cent, ending a four-quarter beat streak — but production beat guidance. MVP Southgate's date moved up. Stock rose on the news. A DCF built on EQT's post-Q2 guidance puts base-case fair value at $69.79/share, about 32% above the $53.03 reference price, with a probability-weighted blend at $72.40, about 37% upside.
EQT Corporation advances growth with another small acquisition and progress on the Mountain Valley Pipeline expansion. I view the second quarter as a transitional period, with cash flow more indicative of performance than earnings due to noncash hedging impacts. Low storage levels entering summer and increasing export capacity position EQT and the industry for continued strength in natural gas prices.
EQT raised 2026 production guidance, advanced demand-linked deals and highlighted buybacks as it targets growth from Appalachian opportunities.
The headline numbers for EQT (EQT) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EQT Corporation (EQT) Q2 2026 Earnings Call Transcript
EQT's Q2 earnings and revenues miss estimates as lower realized gas prices offset higher volumes, while cash flow and production guidance increase.
EQT NYSE: EQT executives said the company exceeded expectations across key operating and financial measures in the second quarter of 2026, citing stronger production, better price realizations, lower operating costs and reduced capital spending.
EQT Corporation is positioned for significant upside from rising US natural gas demand, driven by LNG exports and data center power needs. 2Q26 results showed higher volumes, and lower average prices, but improved cost efficiency and raised production guidance with reduced capex, enhancing the free cash flow outlook. Consensus underestimates potential; if Henry Hub prices rise as projected, EQT could see EBITDA increase by 40% or more from 2028 onward.
U.S.-based energy company EQT missed Wall Street estimates for second-quarter profit on Tuesday, hurt by weaker natural gas prices.
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