EQT
EQT Corporation operates as a natural gas production company in the United States. The last earnings update was 85 days ago. More info.
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- EQT has significant price volatility in the past 3 months.
EQT Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for EQT.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess EQT's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess EQT's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from EQT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess EQT's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from EQT Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess EQT's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) EQT has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
EQT
shares you are expected to receive
$16
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess EQT's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the EQT management team is less than 2 years, this suggests a new team.
Management Team
Jimmi Smith
Senior VP & CFO
$1M
46
0.7 yrs
Blue Jenkins
Executive VP of Commercial
$2M
46
2.3 yrs
Toby Rice
President
37
Gary Gould
Executive VP & COO
54
0.3 yrs
Jeffery Mitchell
VP & Principal Accounting Officer
46
0.7 yrs
Blake McLean
Senior Vice President of Investor Relations & Strategy
0.8 yrs
William Jordan
Executive VP & General Counsel
39
Michael Laffin
Vice President of Communications
Dave Smith
Senior Vice President of Human Resources
60
0.7 yrs
Nicole Yohe
Corporate Secretary
7.8 yrs
Board of Directors Tenure
Average tenure and age of the EQT board of directors in years:
- The tenure for the EQT board of directors is about average.
Board of Directors
John McCartney
Chairman
66
Toby Rice
President
37
Steve Thorington
Director
$619K
63
8.8 yrs
Phil Behrman
Director
$316K
68
11 yrs
Danny Rice
Director
$285K
39
1.7 yrs
Anita Powers
Director
$39K
63
0.7 yrs
Janet Carrig
Independent Director
61
James McManus
Independent Director
60
Valerie Mitchell
Independent Director
47
Lydia Beebe
Director
66
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by EQT individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess EQT's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleEQT 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 - – Full articleEQT 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 - – Full articleAre 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 - – Full articleDoes 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleWith 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 - – Full articleWhat 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 - – Full articleWhat 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 - – Full articleCompany 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
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.
