
The Fund returned 3.18% compared to a 2.61% return for the Russell 1000 Value Index. Key contributors include Microsoft, Salesforce and Thermo Fisher Scientific. Key detractors include Aon, Carrier Global and Builders FirstSource.
EQT Corporation is a natural gas production company in the United States. The company is headquartered in Pittsburgh, Pennsylvania.
| Revenue (TTM) | $9.15B |
| Gross Profit (TTM) | $7.36B |
| EBITDA | $6.78B |
| Operating Margin | 28.20% |
| Return on Equity | 10.50% |
| Return on Assets | 6.25% |
| Revenue/Share (TTM) | $14.63 |
| Book Value | $40.71 |
| Price-to-Book | 1.24 |
| Price-to-Sales (TTM) | 3.38 |
| EV/Revenue | 3.982 |
| EV/EBITDA | 5.51 |
| Quarterly Earnings Growth (YoY) | -17.00% |
| Quarterly Revenue Growth (YoY) | -8.10% |
| Shares Outstanding | $625.55M |
| Float | $619.16M |
| % Insiders | 0.90% |
| % Institutions | 95.50% |
Volatility is currently expanding

The Fund returned 3.18% compared to a 2.61% return for the Russell 1000 Value Index. Key contributors include Microsoft, Salesforce and Thermo Fisher Scientific. Key detractors include Aon, Carrier Global and Builders FirstSource.

Although the revenue and EPS for EQT (EQT) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Range will give EQT more liquids-rich natural gas. EQT should be able to see solid synergies from the deal.

EQT Corporation is rated Distribute at $56.29, closing a successful Accumulate call with a 56% gain before dividends. Q3 FY12/26 saw revenues down 9.6% year-over-year, and volumes down 8%, but capex was 10% below guidance and adjusted EPS of $0.42 beat consensus. The Distribute rating is a cycle call: high trailing free cash flow margins have historically preceded weaker stock performance, with the current margin at 44%.

EQT surpasses Q3 earnings estimates despite lower gas volumes, revenues and cash flow, while its Range Resources merger promises scale and cost savings.

EQT's all-stock deal for Range Resources creates a natural gas producer worth $50B-plus, targeting major cost savings and stronger free cash flow.

CANONSBURG, Pa., Oct. 27, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2026.

EQT has offered to acquire Range Resources in an all-stock deal. I view this as a solid move in a low natural gas price environment. The transaction is structured to maintain EQT's investment grade rating and keep overall debt low.

EQT NYSE: EQT announced an agreement to acquire Range Resources in an all-stock transaction that the companies said would create a larger integrated natural gas producer with expanded Appalachian Basin inventory, infrastructure access and marketing capabilities.

EQT will become the country's largest gas producer. The company says the deal lowers its free cash flow breakeven to under $2 per MMBtu.
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