“Sales of natural gas, NGLs and oil increased by approximately $1,105 million for the six months ended June 30, 2026 compared to the same period in 2025, reflecting an increase of approximately $713 million from higher average sales price and approximately $39…”10-Q · Jul 22, 2026 ↗
EQT Corporation
EQT
Market read
EQT Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Reported six‑month change in sales of natural gas, NGLs and oil, with the filing attributing increases to ~$713M from price and ~$392M from volumes.
Invalidation: The isolated read changes if EQT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Reported six‑month change in sales of natural gas, NGLs and oil, with the filing attributing increases to ~$713M from price and ~$392M from volumes.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +63.9% year over year.
- Operating margin changed +24.6 percentage points in the latest annual period.
- Net margin changed +19.2 percentage points in the latest annual period.
- Energy and commodity prices has repeated favorable evidence across 5 filings.
- Credit and interest rates has repeated favorable evidence across 3 filings.
- Diluted shares increased 19.7% in the latest annual period.
- P/E is 79% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 87% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
54.96Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Production tax expense increased on an absolute basis for the six months ended June 30, 2026 compared to the same period in 2025 due primarily to higher severance taxes of approximately $9 million driven by higher sales volumes and higher sales prices.”10-Q · Jul 22, 2026 ↗
“Net interest expense decreased for 2025 compared to 2024 due primarily to lower interest expense resulting from the repayment of borrowings under EQT's revolving credit facility and the prepayment of term loans outstanding under EQT's unsecured term loan faci…”10-K · Feb 18, 2026 ↗
“On a consolidated basis, selling, general and administrative expense increased for 2025 compared to 2024 due primarily to higher labor costs driven by increased headcount as well as higher long-term incentive compensation costs as a result of increases in awa…”10-K · Feb 18, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.9× · EV/sales 4.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EQT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EQT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EQT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
EIXEdison InternationalinvesteeApr 22, 2026 ▾
“Recent and Significant Events MVP A and MVP C Interest Acquisitions On March 30, 2026, we completed our acquisitions (the MVP A and MVP C Interest Acquisitions) of an approximately 3.94% interest in each of MVP A and MVP C (each defined in Note 8 to the Conde…”
WMBThe Williams Companies, Inc.partnerFeb 18, 2026 ▾
“We contract with our Gathering segment (which owns and operates a processing facility), MarkWest Energy Partners, L.P., Williams Ohio Valley Midstream LLC and Blue Racer Midstream to process and extract heavier hydrocarbon streams (consisting predominately of…”
BXBlackstone Inc.partnerApr 22, 2026 ▾
“Midstream Joint Venture PipeBox LLC (the Midstream Joint Venture) is a consolidated subsidiary of the Company in which Blackstone Credit & Insurance (the BXCI Affiliate) holds a noncontrolling interest.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EQT is currently a Early Follower in the organic co-movement group Natural Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EQT; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.