Feed / EQT

EQT Corporation

EQT

Energy · 49.81 +1.8% today

Isolated · not yet confirmedMarket checked 30 Sept, 15:55 GMT-4

Market read

No connected market move is active around EQT Corporation.

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+1.8% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations615
Usable filing statements93
Verified relationships6
Evidence supporting the case
  • 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.
Evidence challenging the case
  • Diluted shares increased 19.7% in the latest annual period.
Questions before a position
  • P/E is 86% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 86% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 30, 2026

48.56
6m-23.7%12m-10.8%24m+38.1%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$6.8B+156.7%—+24.0%
2022-12-31$7.5B+10.2%—+25.8%
2023-12-31$6.9B-7.9%—+1.7%
2024-12-31$5.3B-23.7%—+24.5%
2025-12-31$8.6B+63.9%—+19.7%

What management says matters

Persistent and emerging business drivers

Energy and commodity pricespositive · 5 filings
“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 ↗
Restructuring and cost reductionsmixed · 5 filings
“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 ↗
Credit and interest ratespositive · 3 filings
“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 ↗
Input and raw-material costsmixed · 1 filings
“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 3.5× · EV/sales 4.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

49.81+1.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 14:15 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 Unknown Theme. 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.