EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and its transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
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The chart shows the growth of an initial investment of $10,000 in EQT CORP, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
EQT CORP (EQT) has returned 11.90% so far this year and 33.77% over the past 12 months. Looking at the last ten years, EQT has achieved an annualized return of 5.03%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of EQT CORP (EQT) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.21% | 10.67% | 2.17% | -4.47% | ||||||||
| 2025 | 8.77% | -7.03% | 9.38% | -7.88% | 11.80% | 3.31% | -7.38% | -2.34% | 6.31% | -1.24% | 13.25% | -11.64% |
| 2024 | -9.49% | 4.41% | -0.27% | 7.39% | 3.24% | -11.74% | -6.48% | -2.67% | 10.90% | 0.80% | 23.24% | 2.47% |
| 2023 | 3.46% | -3.04% | 6.09% | 1.08% | 18.19% | 3.13% | 3.92% | -7.08% | 5.11% | -5.38% | -2.89% | |
| 2022 | -2.57% | 9.98% | 46.30% | 15.75% | 21.06% | -28.95% | 26.16% | 11.06% | -13.57% | 2.55% | 0.09% | -21.16% |
| 2021 | 25.75% | 4.77% | 2.71% | 2.14% | 8.19% | 3.97% | -19.31% | 0.77% | 11.38% | -2.78% | -3.24% | 11.16% |
| 2020 | -44.85% | -2.17% | 16.67% | 112.06% | -6.58% | -7.18% | 23.57% | 5.80% | -17.22% | 18.19% | -1.65% | -15.66% |
| 2019 | 5.13% | -6.98% | 13.15% | -1.97% | -10.56% | -13.56% | -5.21% | -31.74% | 6.29% | 0.28% | -17.72% | 23.86% |
| 2018 | -5.60% | -7.13% | -6.07% | 6.42% | 2.96% | 6.81% | -8.84% | 4.12% | -13.14% | -23.75% | -0.75% | -1.41% |
| 2017 | -5.87% | -2.65% | 0.61% | -4.89% | -4.61% | 5.61% | 5.76% | -2.06% | 4.47% | -3.05% | -5.52% | -5.12% |
| 2016 | 6.12% | 5.21% | 6.45% | -5.68% | -1.12% | 2.21% | -9.45% | 5.18% | -8.70% |
The charts below present risk-adjusted performance metrics for EQT CORP (EQT) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of EQT compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current EQT CORP volatility is 1.98%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 41.79B | 39.83B | 25.29B | 22.67B | 21.61B | 18.11B | 18.81B | 20.72B | 29.52B | 15.47B | 13.98B | 12.06B | 9.79B | 8.85B | 8.77B |
| Equity Attributable To Parent (USD) | 23.75B | 20.60B | 14.77B | 11.17B | 10.03B | 9.26B | 9.80B | 10.96B | 13.32B | 5.86B | 5.08B | 4.58B | 4.03B | 3.60B | 3.59B |
| Equity Attributable To Noncontrolling Interest (USD) | 3.61B | 3.68B | 7.62M | 40.85M | 16.24M | 7.49M | - | - | 5.09B | 3.26B | 2.95B | 1.79B | 829.34M | 284.98M | - |
| Equity (USD) | 27.36B | 24.28B | 14.78B | 11.21B | 10.05B | 9.26B | 9.80B | 10.96B | 18.41B | 9.12B | 8.03B | 6.37B | 4.86B | 3.89B | 3.59B |
| Other Non-current Liabilities (USD) | 4.15B | 3.77B | 2.67B | 2.05B | 996.45M | 2.16B | 2.66B | 2.71B | 4.31B | 2.26B | 2.36B | 1.87B | 1.90B | 1.86B | 1.63B |
| Long-term Debt (USD) | 7.80B | 9.32B | 5.80B | 5.68B | 5.49B | 4.93B | 5.00B | 4.70B | 5.57B | 3.29B | 2.79B | 2.99B | 2.50B | 2.53B | 2.75B |
| Noncurrent Liabilities (USD) | 11.95B | 13.09B | 8.47B | 7.72B | 6.48B | 7.09B | 7.66B | 7.41B | 9.88B | 5.55B | 5.15B | 4.86B | 4.40B | 4.39B | 4.37B |
| Other Current Liabilities (USD) | 1.12B | 1.28B | 764.32M | 2.16B | 3.74B | 1.06B | 549.46M | 1.30B | 577.61M | 494.66M | 504.27M | 389.40M | 193.08M | 281.43M | 548.15M |
| Accounts Payable (USD) | 1.37B | 1.18B | 1.27B | 1.57B | 1.34B | 705.46M | 796.44M | 1.06B | 654.62M | 309.98M | 291.55M | 444.08M | 330.33M | 289.03M | 256.76M |
| Current Liabilities (USD) | 2.48B | 2.46B | 2.04B | 3.73B | 5.08B | 1.76B | 1.35B | 2.36B | 1.23B | 804.64M | 795.82M | 833.48M | 523.41M | 570.47M | 804.91M |
| Liabilities (USD) | 14.43B | 15.55B | 10.50B | 11.46B | 11.56B | 8.85B | 9.01B | 9.76B | 11.11B | 6.35B | 5.95B | 5.69B | 4.93B | 4.96B | 5.18B |
| Other Non-current Assets (USD) | 6.34B | 6.15B | 321.95M | 488.15M | 901.70M | 843.75M | 872.88M | 1.28B | 2.74B | 482.49M | 253.13M | 83.76M | 202.87M | 281.72M | 276.28M |
| Intangible Assets (USD) | - | 215.26M | - | - | - | - | 26.01M | 77.33M | 736.36M | - | - | - | - | - | - |
| Fixed Assets (USD) | 33.56B | 31.75B | 22.95B | 18.17B | 18.42B | 16.05B | 16.16B | 17.39B | 24.89B | 13.16B | 11.47B | 10.08B | 8.33B | 7.72B | 6.81B |
| Noncurrent Assets (USD) | 39.90B | 38.12B | 23.27B | 18.66B | 19.32B | 16.90B | 17.05B | 18.75B | 28.36B | 13.64B | 11.73B | 10.16B | 8.54B | 8.00B | 7.08B |
| Current Assets (USD) | 1.90B | 1.71B | 2.01B | 4.01B | 2.29B | 1.22B | 1.75B | 1.97B | 1.16B | 1.83B | 2.25B | 1.90B | 1.26B | 852.85M | 1.69B |
| Assets (USD) | 41.79B | 39.83B | 25.29B | 22.67B | 21.61B | 18.11B | 18.81B | 20.72B | 29.52B | 15.47B | 13.98B | 12.06B | 9.79B | 8.85B | 8.77B |
Iran's missile strikes on Qatar's Ras Laffan LNG hub have triggered a significant rally in U.S. natural gas stocks. The disruption is being treated as a structural regime shift rather than a temporary outage, benefiting U.S. LNG exporters and upstream producers. Cheniere Energy surged 12% this week, while NextDecade jumped 26% as buyers seek to diversify away from Middle Eastern gas supplies.
AES Corporation shares plunged 17% in premarket trading after agreeing to a $15 per share all-cash acquisition by Global Infrastructure Partners and EQT. The offer fell below the stock's recent closing price of $17.28, disappointing investors despite the deal being unanimously approved by the board. The transaction values AES at $10.7 billion in equity and $33.4 billion enterprise value, with expected closing in late 2026 or early 2027.
Japan has pledged $36 billion as the first phase of a broader $550 billion investment in the U.S., with the bulk going toward a proposed 9.2 gigawatt natural gas power plant in Ohio. The project is expected to benefit natural gas suppliers and electrical infrastructure providers, with EQT and Hitachi positioned as potential beneficiaries due to their relevant capabilities and geographic presence.
EQT Corporation announced a quarterly cash dividend of $0.165 per share, payable on March 2, 2026, to shareholders of record as of February 17, 2026. The dividend declaration reflects the company's commitment to returning capital to shareholders.
Natural gas futures surged past $5 per MMBtu, marking a historic 60% weekly gain—the largest since 1990—as a record cold wave grips 40 U.S. states. Production disruptions from freeze-offs could peak at 15 Bcf/d while heating demand surges, creating near-term deliverability risks. Natural gas equities rallied sharply in response to the price spike.
EQT, a vertically integrated natural gas producer, is positioned to benefit from projected 22 Bcfd increase in U.S. natural gas demand by 2030, driven by AI data centers and power generation. The company's integrated operations enable low-cost production at $2/MMBtu, strong free cash flow generation ($2.3B over 12 months), and multiple growth catalysts including pipeline expansions and LNG export agreements.
U.S. stocks rebounded cautiously on Wednesday following Trump's remarks at Davos regarding Greenland as a national security priority. The market showed restraint with the Dow up 0.6%, while the oil and gas sector surged due to forecasts of an Arctic blast. Natural gas futures jumped nearly 24%, marking the largest two-day gain on record. Mixed earnings results saw Netflix decline despite beating estimates, while Halliburton rallied on strong earnings. Bitcoin fell for a seventh consecutive session.
A displaced polar vortex bringing extreme cold to the Northern Hemisphere has triggered a 27% surge in U.S. natural gas futures to $3.94 per MMBtu, marking the largest single-day gain in over a year. Arctic air is expected to grip the central and eastern U.S. for 10-14 days, driving record heating demand and forcing short-covering among traders. Natural gas producers and midstream companies are positioned to benefit from the sustained volatility and high demand.
Ripple Effect Asset Management disclosed a $9.91 million position in Antero Midstream Corporation, acquiring 510,000 shares alongside put and call options. The strategic use of options alongside equity suggests the investor is hedging downside risk while maintaining upside convexity, betting on the company's strong cash generation and balance sheet improvement rather than simple yield collection.
While EQT Corp is a strong natural gas producer positioned to benefit from growing demand, analyst Matt DiLallo recommends buying Kinder Morgan first in 2026. Kinder Morgan's midstream pipeline business offers more predictable cash flow with 69% from take-or-pay contracts and lower commodity price exposure, compared to EQT's upstream production which faces volatile gas pricing. Both companies stand to benefit from AI data center demand and LNG exports, but Kinder Morgan's stable earnings support a higher 4.3% dividend yield with nine consecutive annual increases expected.