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EQT

NYSE:EQT
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EQT
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

EQT Corporation operates as a natural gas production company in the United States. The last earnings update was 85 days ago. More info.


Add to Portfolio Compare Print
  • EQT has significant price volatility in the past 3 months.
EQT Share Price and Events
7 Day Returns
-3.6%
NYSE:EQT
-2.9%
US Oil and Gas
-0.3%
US Market
1 Year Returns
-72.6%
NYSE:EQT
-17.5%
US Oil and Gas
3.4%
US Market
EQT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EQT (EQT) -3.6% 0.6% -25.4% -72.6% -79.7% -84.8%
US Oil and Gas -2.9% 1.2% -7.7% -17.5% -6.8% -38.8%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • EQT underperformed the Oil and Gas industry which returned -17.5% over the past year.
  • EQT underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
EQT
Industry
5yr Volatility vs Market

Value

 Is EQT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of EQT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EQT.

NYSE:EQT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:EQT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.92 (1 + (1- 21%) (131.52%))
1.587
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.59
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.587 * 5.96%)
12.19%

Discounted Cash Flow Calculation for NYSE:EQT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EQT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:EQT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.19%)
2020 144.33 Analyst x3 128.65
2021 181.30 Analyst x2 144.05
2022 30.60 Analyst x1 21.67
2023 30.60 Analyst x1 19.32
2024 19.95 Est @ -34.81% 11.22
2025 15.25 Est @ -23.55% 7.65
2026 12.86 Est @ -15.66% 5.75
2027 11.56 Est @ -10.15% 4.61
2028 10.83 Est @ -6.28% 3.85
2029 10.44 Est @ -3.58% 3.31
Present value of next 10 years cash flows $350.07
NYSE:EQT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $10.44 × (1 + 2.73%) ÷ (12.19% – 2.73%)
$113.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $113.42 ÷ (1 + 12.19%)10
$35.91
NYSE:EQT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $350.07 + $35.91
$385.98
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $385.98 / 255.50
$1.51
NYSE:EQT Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.51
Current discount Discount to share price of $15.25
= -1 x ($15.25 - $1.51) / $1.51
-909.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of EQT is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EQT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EQT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:EQT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-2.37
NYSE:EQT Share Price ** NYSE (2019-07-18) in USD $15.25
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.62x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EQT.

NYSE:EQT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EQT Share Price ÷ EPS (both in USD)

= 15.25 ÷ -2.37

-6.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EQT is loss making, we can't compare its value to the US Oil and Gas industry average.
  • EQT is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does EQT's expected growth come at a high price?
Raw Data
NYSE:EQT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-16.6%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.4x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for EQT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EQT's assets?
Raw Data
NYSE:EQT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $43.68
NYSE:EQT Share Price * NYSE (2019-07-18) in USD $15.25
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.05x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NYSE:EQT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EQT Share Price ÷ Book Value per Share (both in USD)

= 15.25 ÷ 43.68

0.35x

* Primary Listing of EQT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EQT is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess EQT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. EQT has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is EQT expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EQT expected to grow at an attractive rate?
  • EQT's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • EQT's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • EQT's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:EQT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:EQT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -16.6%
NYSE:EQT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.2%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:EQT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:EQT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,128 1,460 -37 1
2022-12-31 4,073 1,428 -66 1
2021-12-31 4,241 1,814 -61 4
2020-12-31 4,113 1,971 256 8
2019-12-31 3,978 2,192 345 7
NYSE:EQT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,766 2,943 -612
2018-12-31 4,736 2,976 -2,381
2018-09-30 4,177 2,872 -442
2018-06-30 3,639 2,370 -379
2018-03-31 3,173 2,027 -355
2017-12-31 2,701 1,638 1,387
2017-09-30 2,615 1,508 37
2017-06-30 2,455 1,380 5
2017-03-31 2,175 1,294 -295
2016-12-31 1,636 1,064 -531
2016-09-30 1,686 1,084 -396
2016-06-30 1,646 1,054 -347

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EQT's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • EQT's revenue is expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:EQT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from EQT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EQT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 -0.15 -0.15 -0.15 1.00
2022-12-31 -0.26 -0.26 -0.26 1.00
2021-12-31 -0.24 -0.22 -0.26 2.00
2020-12-31 1.14 1.37 0.70 4.00
2019-12-31 1.33 1.60 1.06 2.00
NYSE:EQT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -2.37
2018-12-31 -9.12
2018-09-30 -1.73
2018-06-30 -1.62
2018-03-31 -1.69
2017-12-31 7.40
2017-09-30 0.21
2017-06-30 0.03
2017-03-31 -1.72
2016-12-31 -3.18
2016-09-30 -2.44
2016-06-30 -2.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if EQT will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess EQT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EQT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has EQT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EQT's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EQT does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare EQT's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare EQT's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
EQT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EQT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EQT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,766.35 -611.70 291.93
2018-12-31 4,736.46 -2,380.92 290.99
2018-09-30 4,176.82 -441.85 247.83
2018-06-30 3,638.67 -378.82 235.36
2018-03-31 3,172.51 -355.50 192.51
2017-12-31 2,701.00 1,387.03 226.55
2017-09-30 2,615.30 36.50 271.24
2017-06-30 2,454.88 5.14 268.54
2017-03-31 2,174.69 -294.63 291.43
2016-12-31 1,636.05 -531.49 223.61
2016-09-30 1,686.40 -395.60 261.23
2016-06-30 1,645.75 -346.80 264.04
2016-03-31 1,718.85 -82.62 261.72
2015-12-31 1,954.00 85.17 274.50
2015-09-30 2,135.46 205.45 282.81
2015-06-30 2,289.65 263.22 274.73
2015-03-31 2,389.01 366.72 268.74
2014-12-31 2,388.77 385.59 245.25
2014-09-30 2,276.00 466.15 241.22
2014-06-30 2,178.71 453.56 229.91
2014-03-31 2,117.11 425.81 214.99
2013-12-31 1,859.18 298.73 205.13
2013-09-30 1,593.98 233.02 182.92
2013-06-30 1,478.43 178.93 186.07
2013-03-31 1,343.15 129.08 173.53
2012-12-31 1,377.22 135.90 177.07
2012-09-30 1,588.63 226.20 186.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if EQT has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if EQT has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if EQT improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess EQT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EQT has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is EQT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EQT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EQT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • EQT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EQT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EQT Company Filings, last reported 3 months ago.

NYSE:EQT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,139.59 5,048.10 40.85
2018-12-31 10,958.23 5,497.38 3.49
2018-09-30 16,217.39 8,508.10 4.86
2018-06-30 16,702.62 8,532.91 698.03
2018-03-31 16,863.76 7,456.83 210.38
2017-12-31 18,414.61 5,997.33 26.31
2017-09-30 9,424.68 3,398.51 483.56
2017-06-30 9,377.57 3,292.16 572.34
2017-03-31 9,310.58 3,290.81 899.38
2016-12-31 9,119.25 3,289.46 1,389.94
2016-09-30 9,274.28 2,887.76 1,757.41
2016-06-30 9,257.45 2,795.62 2,257.02
2016-03-31 8,481.57 2,803.48 1,556.49
2015-12-31 8,028.04 3,092.34 1,601.23
2015-09-30 7,752.27 3,328.20 1,662.68
2015-06-30 7,645.24 3,290.20 1,958.16
2015-03-31 7,140.17 3,284.44 1,783.52
2014-12-31 6,373.06 2,959.35 1,077.43
2014-09-30 6,175.25 2,994.26 1,171.52
2014-06-30 6,029.93 2,827.62 1,274.27
2014-03-31 5,014.51 2,607.98 909.80
2013-12-31 4,864.13 2,501.52 845.64
2013-09-30 4,735.32 2,501.88 423.90
2013-06-30 4,102.23 2,560.29 16.70
2013-03-31 3,927.04 2,505.65 160.33
2012-12-31 3,888.80 2,526.17 182.06
2012-09-30 3,847.77 2,748.06 638.99
  • EQT's level of debt (45.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.9% vs 45.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making EQT has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making EQT has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -63.2% per year.
X
Financial health checks
We assess EQT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EQT has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is EQT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.79%
Current annual income from EQT dividends. Estimated to be 0.79% next year.
If you bought $2,000 of EQT shares you are expected to receive $16 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • EQT's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • EQT's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase EQT before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:EQT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:EQT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.12 5.00
2020-12-31 0.12 5.00
2019-12-31 0.12 6.00
NYSE:EQT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-11 0.120 0.782
2019-04-17 0.120 0.668
2019-01-16 0.120 0.608
2018-10-10 0.120 0.519
2018-07-11 0.120 0.243
2018-04-18 0.120 0.229
2018-01-17 0.120 0.237
2017-10-11 0.120 0.202
2017-07-12 0.120 0.191
2017-04-19 0.120 0.209
2017-01-18 0.120 0.196
2016-10-12 0.120 0.179
2016-07-13 0.120 0.167
2016-04-20 0.120 0.164
2016-01-20 0.120 0.195
2015-10-14 0.120 0.208
2015-07-09 0.120 0.162
2015-04-15 0.120 0.140
2015-01-21 0.120 0.151
2014-10-15 0.120 0.143
2014-07-09 0.120 0.127
2014-04-30 0.120 0.113
2014-01-15 0.120 0.121
2013-10-16 0.120 0.138
2013-07-10 0.120 0.139
2013-04-22 0.120 0.154
2013-01-16 0.120 0.189
2012-10-17 0.880 1.480
2012-07-12 0.880 1.556
2012-04-18 0.880 1.808
2012-01-18 0.880 1.762
2011-10-12 0.880 1.507
2011-07-14 0.880 1.532
2011-05-10 0.880 1.700
2011-01-19 0.880 1.835
2010-10-20 0.880 2.103
2010-07-14 0.880 2.459
2010-04-21 0.880 2.214
2010-01-20 0.880 2.016
2009-10-21 0.880 2.048
2009-07-09 0.880 2.201
2009-04-23 0.880 2.463
2009-01-21 0.880 2.662
2008-10-15 0.880 2.873

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EQT is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • EQT is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of EQT's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of EQT's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of EQT's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess EQT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EQT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EQT has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of EQT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Toby Rice
AGE 37
TENURE AS CEO 0 years
CEO Bio

Mr. Toby Z. Rice serves as the President and Chief Executive Officer of EQT Corporation since July 10, 2019. He is Partner of Rice Investment Group. Mr. Rice serves as Director at Cold Bore Technology Inc. since October 2018. He served as the President at Rice Energy Inc. since February 2008 and its Chief Operating Officer until November 13, 2017. Mr. Rice served as the Chief Executive Officer of Rice Energy, LLC. Mr. Rice served as the President, Chief Executive Officer and Manager at Rice Drilling B LLC, a subsidiary of Rice Energy Inc. He was joined Rice Energy in 2005 with experience and knowledge of unconventional reservoirs. Prior to joining Rice Energy, he was a Founder of ZFT LLC and served as its President. He served as Chief Operating Officer of Rice Energy, LLC. Mr. Rice joined Rice Energy Limited Partnership in February 2007 and later joined Rice Energy as its President and Chief Executive Officer when it was formed in February 2008 to September 2013. He has been a Director of EQT Corporation since July 10, 2019. He has been a Director of Rice Energy Inc. (formerly, Rice Drilling B LLC) since October 2013. He served as Faculty at Texas A&M, where he lectured on Petroleum Economics. He is a Member of the Society of Petroleum Engineers and Environment Texas. Mr. Rice holds a BS in Chemistry from Rollins College and MS in Petroleum Engineering from Texas A&M.

CEO Compensation
  • Insufficient data for Toby to compare compensation growth.
  • Insufficient data for Toby to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the EQT management team in years:

0.7
Average Tenure
46
Average Age
  • The average tenure for the EQT management team is less than 2 years, this suggests a new team.
Management Team

Jimmi Smith

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
46
TENURE
0.7 yrs

Blue Jenkins

TITLE
Executive VP of Commercial
COMPENSATION
$2M
AGE
46
TENURE
2.3 yrs

Toby Rice

TITLE
President
AGE
37

Gary Gould

TITLE
Executive VP & COO
AGE
54
TENURE
0.3 yrs

Jeffery Mitchell

TITLE
VP & Principal Accounting Officer
AGE
46
TENURE
0.7 yrs

Blake McLean

TITLE
Senior Vice President of Investor Relations & Strategy
TENURE
0.8 yrs

William Jordan

TITLE
Executive VP & General Counsel
AGE
39

Michael Laffin

TITLE
Vice President of Communications

Dave Smith

TITLE
Senior Vice President of Human Resources
AGE
60
TENURE
0.7 yrs

Nicole Yohe

TITLE
Corporate Secretary
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the EQT board of directors in years:

5.3
Average Tenure
62
Average Age
  • The tenure for the EQT board of directors is about average.
Board of Directors

John McCartney

TITLE
Chairman
AGE
66

Toby Rice

TITLE
President
AGE
37

Steve Thorington

TITLE
Director
COMPENSATION
$619K
AGE
63
TENURE
8.8 yrs

Phil Behrman

TITLE
Director
COMPENSATION
$316K
AGE
68
TENURE
11 yrs

Danny Rice

TITLE
Director
COMPENSATION
$285K
AGE
39
TENURE
1.7 yrs

Anita Powers

TITLE
Director
COMPENSATION
$39K
AGE
63
TENURE
0.7 yrs

Janet Carrig

TITLE
Independent Director
AGE
61

James McManus

TITLE
Independent Director
AGE
60

Valerie Mitchell

TITLE
Independent Director
AGE
47

Lydia Beebe

TITLE
Director
AGE
66
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by EQT individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jun 19 Sell Erin Centofanti Individual 13. Jun 19 13. Jun 19 -2,970 $16.03 $-47,609
30. May 19 Buy Robert McNally Individual 29. May 19 29. May 19 13,572 $18.37 $249,318
03. Apr 19 Buy Daniel Rice Individual 01. Apr 19 01. Apr 19 1,025 $20.74 $21,259
03. Apr 19 Buy A. Cary Individual 01. Apr 19 01. Apr 19 1,205 $20.74 $24,992
03. Apr 19 Buy Gerald MacCleary Individual 01. Apr 19 01. Apr 19 1,085 $20.74 $22,503
01. Apr 19 Buy Robert McNally Individual 29. Mar 19 29. Mar 19 12,660 $20.80 $263,328
01. Apr 19 Buy Erin Centofanti Individual 29. Mar 19 29. Mar 19 7,765 $20.83 $161,745
18. Mar 19 Buy Jimmi Smith Individual 14. Mar 19 14. Mar 19 6,000 $19.79 $118,740
26. Feb 19 Buy Donald Jenkins Individual 22. Feb 19 22. Feb 19 5,750 $19.46 $111,895
21. Feb 19 Buy Jonathan Lushko Individual 19. Feb 19 19. Feb 19 7,903 $19.04 $150,473
21. Feb 19 Buy David Smith Individual 19. Feb 19 19. Feb 19 16,800 $19.06 $320,208
21. Feb 19 Buy Robert McNally Individual 19. Feb 19 19. Feb 19 1,496 $19.10 $28,574
03. Jan 19 Buy A. Cary Individual 02. Jan 19 02. Jan 19 1,390 $18.89 $26,257
03. Jan 19 Buy Gerald MacCleary Individual 02. Jan 19 02. Jan 19 671 $18.89 $12,675
28. Dec 18 Buy Philip Behrman Individual 26. Dec 18 26. Dec 18 5,331 $19.37 $103,261
26. Nov 18 Buy Erin Centofanti Individual 21. Nov 18 21. Nov 18 10,000 $17.52 $175,200
19. Nov 18 Buy Philip Behrman Individual 16. Nov 18 16. Nov 18 20,000 $16.51 $330,200
19. Nov 18 Buy Jonathan Lushko Individual 16. Nov 18 16. Nov 18 2,960 $16.83 $49,817
19. Nov 18 Buy David Smith Individual 16. Nov 18 16. Nov 18 10,000 $16.33 $163,300
19. Nov 18 Buy Robert McNally Individual 16. Nov 18 16. Nov 18 8,700 $16.69 $145,203
05. Nov 18 Buy Jimmi Smith Individual 02. Nov 18 02. Nov 18 7,500 $33.13 $248,475
05. Nov 18 Buy Donald Jenkins Individual 02. Nov 18 02. Nov 18 3,500 $33.20 $116,200
05. Nov 18 Buy Erin Centofanti Individual 02. Nov 18 02. Nov 18 6,000 $33.07 $198,420
05. Nov 18 Buy Robert McNally Individual 02. Nov 18 02. Nov 18 2,829 $32.93 $93,159
02. Nov 18 Buy James Rohr Individual 01. Nov 18 01. Nov 18 10,000 $34.66 $346,600
31. Oct 18 Buy Robert McNally Individual 31. Oct 18 31. Oct 18 15,800 $34.16 $539,728
03. Oct 18 Buy Norman Szydlowski Individual 01. Oct 18 01. Oct 18 480 $44.23 $21,230
03. Oct 18 Buy A. Cary Individual 01. Oct 18 01. Oct 18 593 $44.23 $26,228
13. Aug 18 Buy Kenneth Burke Individual 09. Aug 18 09. Aug 18 5,000 $50.20 $251,000
X
Management checks
We assess EQT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EQT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Imagine Owning EQT (NYSE:EQT) And Trying To Stomach The 85% Share Price Drop

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. … If you want to research this stock further, the data on insider buying is an obvious place to start.

Simply Wall St -

EQT Corporation (NYSE:EQT): Time For A Financial Health Check

On top of this, EQT has generated US$2.9b in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 57%, meaning that EQT’s operating cash is sufficient to cover its debt. … With current liabilities at US$2.2b, it seems that the business may not be able to easily meet these obligations given the level of current assets of US$1.4b, with a current ratio of 0.63x. … Next Steps: EQT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

EQT Corporation (NYSE:EQT) Insiders Increased Their Holdings

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … That means that an insider was happy to buy shares at above the current price of US$20.99 … We always take careful note of the price insiders pay when purchasing shares

Simply Wall St -

Are EQT Corporation's (NYSE:EQT) Interest Costs Too High?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as EQT Corporation (NYSE:EQT), with a market cap of US$4.9b, often get neglected by retail investors. … EQT’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Don’t forget that this is a general and concentrated examination of EQT’s financial health, so you should conduct further analysis.

Simply Wall St -

Does EQT Corporation's (NYSE:EQT) Debt Level Pose A Problem?

EQT’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … How does EQT’s operating cash flow stack up against its debt?

Simply Wall St -

Does EQT Corporation's (NYSE:EQT) Debt Level Pose A Problem?

the health of the financials determines whether the company continues to succeed. … Today we will look at EQT’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

Is EQT Corporation (NYSE:EQT) A Financially Sound Company?

See our latest analysis for EQT How does EQT’s operating cash flow stack up against its debt? … Moreover, EQT has generated US$1.06B in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 32.36%, meaning that EQT’s current level of operating cash is high enough to cover debt. … Next Steps: EQT’s debt level is appropriate for a company its size, and it is also able to generate sufficient cash flow coverage, meaning it has been able to put its debt in good use.

Simply Wall St -

With A Recent ROE Of 3.96%, Can EQT Corporation (NYSE:EQT) Catch Up To Its Industry?

Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … ROE can be dissected into three distinct ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:EQT Last Perf Feb 8th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

What Should Investors Know About EQT Corporation's (NYSE:EQT) Earnings Trend?

Today I want to provide a brief commentary on how market analysts perceive EQT's earnings growth outlook over the next few years and whether the future looks brighter. … Check out our latest analysis for EQT Market analysts' consensus outlook for next year seems optimistic, with earnings transitioning out of the negative territory. … The slope of this line is the rate of earnings growth, which in this case is 41.46%.

Simply Wall St -

What Are The Drivers Of EQT Corporation's (EQT) Risks?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … EQT's beta of 0.8 indicates that the stock value will be less variable compared to the whole stock market. … EQT’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio.

Simply Wall St -

Company Info

Description

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres. The company was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

Details
Name: EQT Corporation
EQT
Exchange: NYSE
Founded: 1925
$3,896,358,652
255,498,928
Website: http://www.eqt.com
Address: EQT Corporation
625 Liberty Avenue,
Suite 1700,
Pittsburgh,
Pennsylvania, 15222,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EQT Common Stock New York Stock Exchange US USD 02. Mar 1964
DB EQ6 Common Stock Deutsche Boerse AG DE EUR 02. Mar 1964
LSE 0IDU Common Stock London Stock Exchange GB USD 02. Mar 1964
Number of employees
Current staff
Staff numbers
863
EQT employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 00:17
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.