EQT Corporation

NYSE:EQT Stock Report

Market Cap: US$35.9b

EQT Future Growth

Future criteria checks 0/6

EQT is forecast to grow earnings and revenue by 3.3% and 2.9% per annum respectively. EPS is expected to grow by 3.7% per annum. Return on equity is forecast to be 9.7% in 3 years.

Key information

3.3%

Earnings growth rate

3.74%

EPS growth rate

Oil and Gas earnings growth9.8%
Revenue growth rate2.9%
Future return on equity9.74%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Recent updates

Narrative Update May 07

EQT: Gas Optimization Will Drive Future Free Cash Flow Upside

Analysts nudged the EQT price target higher, with fair value moving from $65.96 to $70.48 as they recalibrated models around updated commodity strip assumptions, refined views on revenue growth and margins, and a slightly higher forward P/E expectation. Analyst Commentary Recent research updates on EQT present a mix of optimism and caution, with many price target revisions clustering around similar valuation ranges but for different reasons.
Seeking Alpha Apr 29

EQT Corp.: Recent Selloff Further Highlights Underpricing

Summary EQT Corporation remains a compelling buy after a recent selloff, with valuation still cheap and upside potential intact. Q1 2026 revenue surged 94.2% YoY to $3.38B, driven by premium price realizations, strategic hedging, and robust production. Strong balance sheet, low net debt/EBITDA of 0.7x, and prudent borrowing management support operational resilience and dividend sustainability. Technicals signal renewed bullish momentum post-pullback, with improving MACD and RSI indicating new buying opportunities. Read the full article on Seeking Alpha
Narrative Update Apr 20

EQT: Future Cash Flow Will Rely On Supportive Commodity Price Backdrop

The analyst price target for EQT has been adjusted upward by several firms, with increases ranging from $1 to $8 as analysts incorporate updated oil and gas price assumptions, revised strip pricing, and company-specific execution on production, capital spending, and commercial optimization. Analyst Commentary Recent research shows a mix of views on EQT, but the price target revisions and fresh coverage give you a clearer sense of what the Street is watching.
Narrative Update Apr 06

EQT: Future Cash Flow Resilience Will Depend On Commodity Price Execution

The EQT analyst price target has increased by several dollars, with many firms raising their dollar estimates as analysts incorporate updated oil and gas price assumptions, model revisions, and company-specific execution on production, costs, and cash flow. Analyst Commentary Recent research on EQT points to a generally constructive stance, with several bullish analysts revisiting their models around commodity assumptions, cash flow potential, and capital discipline.
Narrative Update Mar 23

EQT: Future Cash Flow Resilience Will Rely On Gas Price Execution

EQT's updated analyst price target holds at $76, as analysts balance mixed target revisions with views on commodity price assumptions, cash flow potential, and the company's gas focused profile. Analyst Commentary Recent Street research on EQT points to a generally constructive stance, with several bullish analysts adjusting their models around commodity assumptions, cash flow potential, and EQT's gas focused profile.
Narrative Update Mar 08

EQT: Gas Optimization And Geopolitical Risk Will Shape Free Cash Flow Potential

The analyst price target for EQT increases to $65.96 from $64.00, as analysts update their models to reflect geopolitical risk, stronger gas realizations, and free cash flow potential in response to recent Q4 earnings and sector research. Analyst Commentary Recent Street research on EQT reflects a mix of optimism around gas pricing, cash generation, and execution, alongside caution about commodity assumptions and valuation sensitivity to geopolitics.
Narrative Update Feb 22

EQT: Free Cash Flow Execution Will Support Future Cash Flow Resilience

Analysts have nudged their blended price target for EQT higher into the $57 to $71 range, highlighting stronger than expected production volumes, lower capex, and consistent free cash flow execution as key supports for the updated valuations. Analyst Commentary Recent Street research on EQT points to a cluster of upward price target revisions, with several bullish analysts highlighting the combination of strong production delivery, disciplined spending, and consistent free cash flow execution as key supports for current valuations.
Narrative Update Feb 08

EQT: Integrated Gas Model Will Support Future Cash Flow Resilience

Analysts have slightly reduced their average price target on EQT by a few dollars, reflecting updated assumptions on discount rates and valuation multiples, even though their models keep fair value around $76 with modest tweaks to expected revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent Street research on EQT shows a mix of fine tuning and more material shifts in price targets, with several firms trimming their views by a few dollars and one cutting by a wider $10.
Narrative Update Jan 24

EQT: Integrated Gas Model Will Support Future LNG And Datacenter Demand

The updated analyst price target for EQT edges down from about US$79.99 to US$76.00, reflecting a mix of target cuts and one increase across recent research, as analysts factor in revised assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent research on EQT includes several target cuts alongside one increase, which helps explain why the average price target has edged lower rather than moving sharply in either direction.
Narrative Update Jan 10

EQT: Integrated Gas Model Will Benefit From LNG And Datacenter Demand

Narrative Update on EQT The updated analyst price target for EQT edges slightly lower to about US$80. This reflects analysts' view of a somewhat higher future P/E multiple alongside revised assumptions for revenue growth, profit margins, and a fair value estimate that is broadly in line with prior work, supported by expectations for structurally tighter U.S. gas markets and EQT's low cost, vertically integrated model.
Narrative Update Dec 14

EQT LNG And Datacenter Demand Will Support Stronger Long Term Gas Pricing

EQT's analyst-derived fair value estimate has edged up by about $1 to roughly $80 per share as analysts grow more optimistic that structurally stronger U.S. gas demand, supported by LNG exports and power-hungry datacenters, will sustain attractive long-term pricing, despite modest tweaks to near-term growth and margin assumptions. Analyst Commentary Recent Street research underscores a constructive backdrop for EQT, with bullish analysts emphasizing both structural demand tailwinds and company specific advantages.
Narrative Update Nov 29

EQT: Shifting U.S. Gas Demand and LNG Agreements Will Shape Outlook

The analyst price target for EQT was modestly increased from $63.70 to $64.00. This change reflects analysts’ confidence in the company’s strategic positioning and the improving outlook for U.S. natural gas demand.
Narrative Update Nov 15

EQT: U.S. Gas Market Shifts and LNG Demand Will Shape Outlook

EQT's analyst price target has increased modestly by $0.30 to $63.70. This reflects analysts' continued positive outlook on the company's fundamentals and its ability to capitalize on emerging opportunities in the natural gas market.
Narrative Update Nov 01

EQT: Expanding LNG Exports And Data Center Demand Will Drive Future Upside

EQT’s analyst price target has decreased modestly, falling by about $0.22. Analysts point to slightly lower revenue growth expectations and a higher discount rate.
Analysis Article Oct 28

EQT (NYSE:EQT) Has Announced That It Will Be Increasing Its Dividend To $0.165

The board of EQT Corporation ( NYSE:EQT ) has announced that it will be increasing its dividend by 4.8% on the 1st of...
Narrative Update Oct 17

Appalachian Natural Gas Infrastructure Will Drive Enduring Value

Analysts have modestly raised their price target for EQT, increasing the fair value estimate from $62.80 to $63.63. This reflects cautious optimism around the company’s low-cost structure, growing demand for U.S. natural gas, and continued operational execution.
Narrative Update Oct 03

Appalachian Natural Gas Infrastructure Will Drive Enduring Value

Analysts have modestly increased their fair value estimate for EQT to $62.80 from $62.12. This reflects greater confidence in the company's operational outlook and future cash flow potential based on recent Street research commentary.
Narrative Update Sep 15

Appalachian Natural Gas Infrastructure Will Drive Enduring Value

Analysts revised EQT’s price target slightly lower to $62.12, balancing optimism on AI-driven gas demand, production growth, and acquisitions against persistent risks from natural gas oversupply and weak pricing. Analyst Commentary Bullish analysts cite EQT's unique positioning to serve explosive data center and AI-driven demand, winning substantial gas supply agreements and projecting significant dry gas production growth through 2032, which supports higher free cash flow.
Analysis Article Aug 17

EQT Corporation (NYSE:EQT) Shares Could Be 49% Below Their Intrinsic Value Estimate

NYSE:EQT 1 Year Share Price vs Fair Value Explore EQT's Fair Values from the Community and select yours Key Insights...
Analysis Article Jul 21

EQT's (NYSE:EQT) Dividend Will Be $0.1575

EQT Corporation's ( NYSE:EQT ) investors are due to receive a payment of $0.1575 per share on 2nd of September. This...
Analysis Article May 15

These 4 Measures Indicate That EQT (NYSE:EQT) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Seeking Alpha Apr 21

EQT Corporation Takes Its Foot Off The Breaks And Readies For Higher Gas Prices

Summary I recommend EQT Corporation shares with a Strong Buy rating and a price target of $107/share due to the positive domestic gas demand outlook. EQT has a large opportunity to service the growing power demand in support of new data center capacity as an integrated gas producer and midstream operator. The acquisition of Equitrans has integrated midstream operations, capturing $200mm in annualized synergies and lowering operating costs. EQT ended FY24 with $202mm in cash and $9.3b in total debt for a leverage ratio of 2.45x net debt/aEBITDA, aiming to reduce net debt to $7b by eFY25. Read the full article on Seeking Alpha
Seeking Alpha Apr 15

EQT Corporation: Look To Safety As U.S. Energy Policy Realigns

Summary EQT stands out as the largest U.S. natural gas producer, uniquely positioned to benefit from tariff exclusions and reshoring-driven demand. It's $2/MMBtu breakeven and the 78% EBITDA margin shows a level of efficiency that peers like Antero and Range can't match. With regulatory tailwinds and domestic supply chain incentives, EQT's scale and capital discipline are now strategic advantages. The market hasn't fully priced in EQT's margin dominance or political insulation, offering an opportunity at current levels. Read the full article on Seeking Alpha
Seeking Alpha Mar 29

EQT Corporation: A Hold While Waiting For A Full Equitrans Integration

Summary EQT Corporation's integration of Equitrans Midstream enhances operational efficiency, adding 2,000 miles of pipelines and improving margins through vertical integration. EQT is a leading natural gas producer in the U.S., with 6 Bcfe/day output and significant reserves in the Appalachian Basin. Despite high valuation metrics, EQT boasts strong gross margins and operational efficiencies, but its return metrics and FCF yield are less impressive. The natural gas market's growth and rising LNG demand favor EQT, but its high costs and valuation warrant cautious optimism. Read the full article on Seeking Alpha
Seeking Alpha Feb 21

EQT: Lower Costs Delivered

Summary EQT's latest acquisition lowered costs. The cold winter will significantly boost Q1 profits due to rising natural gas prices. Anticipated long-term natural gas price recovery and potential global market integration present a promising future for EQT. The deleveraging strategy is doing better than expected. The cash flow measures were unexpectedly strong. Read the full article on Seeking Alpha
Seeking Alpha Jan 16

EQT Corporation: Natural Gas Stock With Breakout Potential Above $53

Summary EQT is an S&P 500 component, but somewhat under the radar. It is not a core position for me, but my recent foray into owning it via call options makes for a good educational example of one way I use options. My assessment is driven by technical and quant analysis, as described here. Read the full article on Seeking Alpha
Seeking Alpha Jan 02

EQT Just Dropped The Breakeven Point

Summary EQT's acquisition of Equitrans significantly reduces the company's breakeven cost. The breakeven cost drop provides a competitive edge in a weak natural gas pricing environment. The Equitrans acquisition significantly lowers the company breakeven. The presence of midstream operations will lower earnings volatility compared to pure upstream operators in the dry gas business. The asset sales have exceeded company objectives. Read the full article on Seeking Alpha
Seeking Alpha Oct 30

EQT: With Risks From The Debt, New Deals Could Push The Price

Summary EQT is one of the largest producers of natural gas in the United States. EQT recently signed a number of deals. EQT reported the sale of assets for $1.25 billion in cash, and talks with Blackstone. I saw relevant information about the CFO, who brings an experience of many years working in investment banking, mergers, and acquisitions. As soon as more investors do study the company's previous financial performance, we could see an increase in the demand for the stock. There are a number of risks coming from failed reserve engineering, the total amount of debt, and drilling results. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:EQT - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202810,2783,3343,9106,8848
12/31/20279,6713,0343,5676,32812
12/31/20269,7223,0983,3986,81112
3/31/20269,3643,2844,0536,440N/A
12/31/20258,1812,0392,8385,126N/A
9/30/20257,7091,7812,4904,757N/A
6/30/20257,1041,1442,1224,332N/A
3/31/20256,1563691,1943,412N/A
12/31/20245,0422315732,827N/A
9/30/20244,6233145002,695N/A
6/30/20244,4316964272,557N/A
3/31/20244,4166206132,672N/A
12/31/20235,0701,7351,1603,179N/A
9/30/20236,1782,9451,7793,618N/A
6/30/20238,8483,5482,6174,314N/A
3/31/202311,3464,5062,5044,107N/A
12/31/202212,1411,7712,0653,466N/A
9/30/202212,2481,8642,1773,573N/A
6/30/202210,359-7971,2012,471N/A
3/31/20228,090-2,6211,1882,284N/A
12/31/20216,840-1,1436071,662N/A
9/30/20214,779-2,884-63898N/A
6/30/20213,601-1,508341,034N/A
3/31/20213,026-8374001,437N/A
12/31/20202,612-9594951,538N/A
9/30/20202,618-2,2082161,349N/A
6/30/20202,786-1,9681351,484N/A
3/31/20203,181-1,580-71,481N/A
12/31/20193,800-1,222N/A1,852N/A
9/30/20194,294-643N/A2,165N/A
6/30/20194,571-409N/A2,750N/A
3/31/20194,671-612N/A2,943N/A
12/31/20184,736-2,381N/A2,976N/A
9/30/20183,922-624N/A2,872N/A
6/30/20183,514-474N/A2,370N/A
3/31/20183,173-355N/A2,027N/A
12/31/20172,7011,387N/A1,638N/A
9/30/20172,61537N/A1,508N/A
6/30/20172,4555N/A1,380N/A
3/31/20172,175-295N/A1,294N/A
12/31/20161,636-531N/A1,064N/A
9/30/20161,686-396N/A1,084N/A
6/30/20161,646-347N/A1,054N/A
3/31/20161,719-83N/A1,049N/A
12/31/20151,95485N/A1,217N/A
9/30/20152,135205N/A1,173N/A
6/30/20152,290263N/A1,305N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQT's forecast earnings growth (3.3% per year) is below the savings rate (3.5%).

Earnings vs Market: EQT's earnings (3.3% per year) are forecast to grow slower than the US market (16.4% per year).

High Growth Earnings: EQT's earnings are forecast to grow, but not significantly.

Revenue vs Market: EQT's revenue (2.9% per year) is forecast to grow slower than the US market (11.4% per year).

High Growth Revenue: EQT's revenue (2.9% per year) is forecast to grow slower 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 (9.7%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 12:14
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

EQT Corporation is covered by 52 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael HallBaird
Richard GrossBarclays
Wei JiangBarclays