EQT Corp
About: EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Employees: 881
0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
278% more first-time investments, than exits
New positions opened: 208 | Existing positions closed: 55
61% more call options, than puts
Call options by funds: $765M | Put options by funds: $476M
31% more repeat investments, than reductions
Existing positions increased: 313 | Existing positions reduced: 239
27% more funds holding in top 10
Funds holding in top 10: 26 [Q3] → 33 (+7) [Q4]
24% more capital invested
Capital invested by funds: $21.9B [Q3] → $27.1B (+$5.24B) [Q4]
19% more funds holding
Funds holding: 726 [Q3] → 866 (+140) [Q4]
2.16% less ownership
Funds ownership: 135.42% [Q3] → 133.25% (-2.16%) [Q4]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$35
28%
downside
Avg. target
$57
17%
upside
High target
$67
37%
upside
10 analyst ratings
8 positive
80%
2 neutral
20%
0 negative
0%
Piper Sandler Mark Lear 34% 1-year accuracy 56 / 166 met price target | 28%downside $35 | Neutral Maintained | 22 Apr 2025 |
UBS Josh Silverstein 14% 1-year accuracy 8 / 58 met price target | 11%upside $54 | Neutral Maintained | 17 Apr 2025 |
Stephens & Co. Mike Scialla 25% 1-year accuracy 13 / 52 met price target | 17%upside $57 | Overweight Maintained | 15 Apr 2025 |
TD Cowen David Deckelbaum 50% 1-year accuracy 2 / 4 met price target | 11%upside $54 | Buy Upgraded | 8 Apr 2025 |
Mizuho Nitin Kumar 26% 1-year accuracy 16 / 62 met price target | 23%upside $60 | Outperform Maintained | 1 Apr 2025 |
Financial journalist opinion
Based on 21 articles about EQT published over the past 30 days
Positive
Reuters
16 hours ago
EQT plans to spend less while producing more US natgas in 2025
U.S. energy company EQT , the country's second-biggest natural gas producer, plans to reduce capital spending but produce more energy in 2025, while rival Range Resources said it would hold expenditures and output relatively steady from 2024.
Neutral
Seeking Alpha
18 hours ago
EQT Corporation (EQT) Q1 2025 Earnings Call Transcript
EQT Corporation (NYSE:EQT ) Q1 2025 Results Conference Call April 23, 2025 10:00 AM ET Company Participants Cameron Horwitz - Managing Director, Investor Relations and Strategy Toby Rice - President and Chief Executive Officer Jeremy Knop - Chief Financial Officer Conference Call Participants Doug Leggate - Wolfe Research Devin McDermott - Morgan Stanley Arun Jayaram - J.P. Morgan Neil Mehta - Goldman Sachs Kalei Akamine - Bank of America Roger Read - Wells Fargo Jacob Roberts - TPH Scott Gruber - Citi Group Kevin MacCurdy - Pickering Energy John Ennis - Texas Capital David Deckelbaum - TD Cowen Noel Parks - Tuohy Brothers Operator Hello and welcome to the EQT Q1 2025 Quarterly Results Conference Call.
Negative
Zacks Investment Research
21 hours ago
Top 3 U.S. Upstream Stocks to Consider Now Despite Headwinds
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise buying shares of EQT, AR and HPK.
Positive
Zacks Investment Research
22 hours ago
EQT Q1 Earnings & Revenues Beat Estimates on Higher Production
EQT's Q1 earnings and revenues beat estimates, fueled by increased sales volumes and higher average realized prices.
Neutral
Seeking Alpha
1 day ago
EQT Corporation: Strong Results Lead Out 2025
EQT Corporation's Q1 2025 results showed strong production, reduced costs, and high realized pricing, leading to over $1 billion in free cash flow. The Olympus Energy acquisition, despite geological and pricing risks, was struck at a favorable valuation, enhancing EQT's regional dominance and vertical integration. The deal's structure, with a higher equity component, aims to address balance sheet concerns amid recessionary fears and potential low natural gas prices.
Positive
Zacks Investment Research
1 day ago
EQT Corporation (EQT) Tops Q1 Earnings and Revenue Estimates
EQT Corporation (EQT) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.82 per share a year ago.
Positive
Reuters
1 day ago
EQT to buy Olympus Energy's upstream, midstream assets for $1.8 billion
EQT said on Tuesday it plans to buy the upstream and midstream assets of Olympus Energy for $1.8 billion in a cash-and-stock deal.
Neutral
PRNewsWire
1 day ago
EQT Reports First Quarter 2025 Results
PITTSBURGH , April 22, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter of 2025. First Quarter 2025 and Recent Highlights: Production: Sales volume of 571 Bcfe, at the high-end of guidance driven by strong well performance and minimal winter weather impact from integrated midstream coordination Capital Expenditures: $497 million, 19% below the mid-point of guidance due to lower-than-expected completions, land and midstream spending Realized Pricing: Differential $0.16 per Mcf tighter than mid-point of guidance due to tactical production response from opening chokes into strong winter pricing Operating Expenses: Total per unit operating costs of $1.05 per Mcfe, 8% below the mid-point of guidance driven by lower-than-expected LOE and gathering expense Cash Flow: Net cash provided by operating activities of $1,741 million; generated $1,036 million of free cash flow attributable to EQT(1) Balance Sheet: Exited the quarter with $8.4 billion total debt and $8.1 billion of net debt,(1) down approximately $1 billion from year-end 2024 Increasing Annual Guidance: Raising 2025 production guidance by 25 Bcfe and lowering the mid-point of 2025 capital spending by $25 million due to continued efficiency gains, strong well performance and additional synergy capture from the Company's ownership of the gathering, transmission and storage assets acquired from Equitrans Midstream Corporation (Equitrans Midstream) Accretive Bolt-On Acquisition: Announcing agreement to acquire upstream and midstream assets of Olympus Energy for $1.8 billion (2); purchase price equates to ~3.4x adjusted EBITDA multiple(3) and ~15% unlevered free cash flow yield(4); pro-forma year-end 2025 net debt(1) forecasted to be ~$7 billion at recent strip, comfortably below $7.5 billion target President and CEO Toby Z.
Positive
Zacks Investment Research
1 day ago
EQT (EQT) Upgraded to Buy: Here's What You Should Know
EQT (EQT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Market Watch
1 day ago
10 ‘pure value' stocks favored by analysts to soar 20% to 96% over the next year
Way back on Jan. 21, we screened the S&P 500 to identify value stocks that appeared to have some characteristics of growth stocks, to help long-term investors identify potential bargains in a market that was still riding high. Now it's time to take another look at value stocks, in light of the broad decline for the market and to help investors look beyond the day-to-day turmoil.
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