| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
EQT Stock Overview
EQT Corporation operates as a natural gas production company in the United States.
EQT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.79 |
| 52 Week High | US$24.84 |
| 52 Week Low | US$15.35 |
| Beta | 1.13 |
| 1 Month Change | 11.90% |
| 3 Month Change | 17.48% |
| 1 Year Change | 28.60% |
| 3 Year Change | 12.32% |
| 5 Year Change | -61.89% |
| Change since IPO | 248.15% |
Recent News & Updates
EQT: Holding Up Progress
Secondary common stock offerings will temporarily depress the stock price. The market to market hedging losses cloud the progress that management has made. Those mark to market losses are an opportunity loss of the ability to sell the natural gas for a better price. The company actually breaks even or makes money on natural gas sold at the hedge price. Management has made some good acquisitions while decreasing operating costs that will make for a far better future.
EQT: Management Tackles Pricing
Pricing differentials will be addressed. Accomplishments until now have been in operations and acquisitions. Average realized pricing and sales flexibility need to be addressed. It does take time to change sales strategy due to long-term sales contracts and midstream contracts. There appears to be a sizable profit opportunity with a different sales strategy.
EQT: Reinstated Dividend, $1 Billion Buyback, Proving An ESG Story
Board of Directors approves $1 Billion share repurchase program. Board also reinstated a $.50 annual dividend beginning in Q1 2022 along with long-term leverage targets of 1.0x-1.5x EBITDA. Separately, EQT CEO Toby Rice defended EQT and the broader US energy industry from an attack by Senator Warren who claimed energy prices 'being driven by energy companies’. Rice's response demonstrates why he is one of the best energy executives in the world and speaks volumes about misconceptions surrounding energy security, innovation and climate change.
EQT Corporation: The Opportunity Cost Of Hedging
The company gained more exposure to the currently strong commodity pricing environment. The brutal honesty of this management is a very rare and valuable trait. The hedging accounting causes GAAP to distort income results as reported on the income statement. An opportunity cost gets lumped in with a financial loss or income. The company is probably barely profitable without the effect of the hedges. The absurdity of free cash flow is exposed by the lack of cash flow underlying the calculation.
Shareholder Returns
| EQT | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | 3.4% | 4.9% | -0.3% |
| 1Y | 28.6% | 49.1% | 13.7% |
Return vs Industry: EQT underperformed the US Oil and Gas industry which returned 49.1% over the past year.
Return vs Market: EQT exceeded the US Market which returned 13.7% over the past year.
Price Volatility
| EQT volatility | |
|---|---|
| EQT Average Weekly Movement | 6.8% |
| Oil and Gas Industry Average Movement | 7.2% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: EQT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: EQT's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1878 | 624 | Toby Rice | https://www.eqt.com |
EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2020, it had 19.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.8 million gross acres.
EQT Fundamentals Summary
| EQT fundamental statistics | |
|---|---|
| Market Cap | US$8.99b |
| Earnings (TTM) | -US$2.89b |
| Revenue (TTM) | US$4.78b |
1.9x
P/S Ratio-3.1x
P/E RatioIs EQT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EQT income statement (TTM) | |
|---|---|
| Revenue | US$4.78b |
| Cost of Revenue | US$1.95b |
| Gross Profit | US$2.83b |
| Expenses | US$5.72b |
| Earnings | -US$2.89b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -7.66 |
| Gross Margin | 59.13% |
| Net Profit Margin | -60.54% |
| Debt/Equity Ratio | 74.9% |
How did EQT perform over the long term?
See historical performance and comparisonValuation
Is EQT undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQT ($23.79) is trading below our estimate of fair value ($62.34)
Significantly Below Fair Value: EQT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQT is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: EQT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EQT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EQT is good value based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (2.2x).
Future Growth
How is EQT forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
58.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: EQT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EQT's is expected to become profitable in the next 3 years.
Revenue vs Market: EQT's revenue (36.3% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: EQT's revenue (36.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQT's Return on Equity is forecast to be low in 3 years time (12.9%).
Past Performance
How has EQT performed over the past 5 years?
-41.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQT is currently unprofitable.
Growing Profit Margin: EQT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EQT is unprofitable, and losses have increased over the past 5 years at a rate of 41.1% per year.
Accelerating Growth: Unable to compare EQT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EQT is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).
Return on Equity
High ROE: EQT has a negative Return on Equity (-35.03%), as it is currently unprofitable.
Financial Health
How is EQT's financial position?
Financial Position Analysis
Short Term Liabilities: EQT's short term assets ($3.3B) do not cover its short term liabilities ($7.2B).
Long Term Liabilities: EQT's short term assets ($3.3B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: EQT's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: EQT's debt to equity ratio has increased from 31.2% to 74.9% over the past 5 years.
Balance Sheet
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.
Stable Cash Runway: EQT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EQT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is EQT current dividend yield, its reliability and sustainability?
1.81%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EQT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EQT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EQT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EQT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EQT is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EQT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Toby Rice (39 yo)
2.5yrs
Tenure
US$7,526,515
Compensation
Mr. Toby Z. Rice serves as the President, Chief Executive Officer and Director of EQT Corporation since July 10, 2019. He has been Partner at the Rice Investment Group since May 2018. Mr. Rice serves as Di...
CEO Compensation Analysis
Compensation vs Market: Toby's total compensation ($USD7.53M) is about average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Toby's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: EQT's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: EQT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.1%.
Top Shareholders
Company Information
EQT Corporation's employee growth, exchange listings and data sources
Key Information
- Name: EQT Corporation
- Ticker: EQT
- Exchange: NYSE
- Founded: 1878
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$8.991b
- Shares outstanding: 377.95m
- Website: https://www.eqt.com
Number of Employees
Location
- EQT Corporation
- EQT Plaza
- Suite 1700
- Pittsburgh
- Pennsylvania
- 15222-3111
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 23:22 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.