EQT — EQT Corporation
Energy · Oil & Gas E&P
About EQT Corporation
EQT Corporation engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. The company sells natural gas, natural gas liquids, and oil to marketers, utilities, and industrial customers located in the Appalachian Basin. It also provides marketing services and contractual pipeline capacity management services, as well as engages in risk management and hedging activities. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1888 and is headquartered in Canonsburg, Pennsylvania.
The shale & E&P industry
Exploration & production companies are the pure upstream bet: they own acreage, drill wells, and sell oil and gas at whatever the market pays. Shale wells produce most of their oil in the first couple of years, so these companies must keep drilling just to hold output flat — which makes cost per barrel, acreage quality, and the hedging program the whole game. Some names here are mostly natural gas (EQT, Antero) — a different commodity with its own cycle, increasingly tied to LNG exports and power demand. The sector has consolidated hard — Pioneer, Hess and Marathon Oil were all swallowed by majors — and the survivors are larger and more disciplined. Expect these to amplify every move in the underlying commodity, in both directions. EQT is America's largest natural-gas producer, concentrated in Appalachia, and re-integrated its pipelines by buying back Equitrans.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | EQT |
| Company | EQT Corporation |
| Price | $53.29 |
| Market cap | $33.3B |
| Sector / industry | Energy / Oil & Gas E&P |
| Analyst mean target | $67 (25 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~0%/yr earnings growth (modest), on a reverse-DCF of forward earnings ($3.98). Run your own assumptions in the fair-value calculator.
Chart
Related energy names
See the full picture on the energy stocks bubble map, or watch the whole sector live on the terminal.
Test what today's price assumes with your own growth and discount inputs — no signup needed.
Open the fair-value calculator →Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.