EQT (EQT) stock
Energy · Oil & Gas Exploration & Production
EQT (EQT) is an Oil & Gas Exploration & Production company in the Energy sector, headquartered in Pittsburgh, Pennsylvania. As of October 23, 2026, EQT closed at $55.63, a market capitalization of $34.80 billion, the 297th largest company in the S&P 500. Over the last twelve months it generated $9.29 billion in revenue (-4% year over year) and $3.76 billion in free cash flow. The stock trades at 12.9x trailing earnings and 15.4x forward earnings.
- 1-year total return: +5.1% (dividends reinvested)
- 5-year return: +22.8% a year
- 52-week range: $47.94 – $68.24
- Gross margin 80.7%, operating margin 23.4%
- Dividend yield: 1.22%, 3 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 17th largest of 21 Energy stocks in the S&P 500
EQT price chart
1Y price change: +3.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| EQT | +9.0% | +4.7% | +5.1% | +11.1% | +22.8% | +5.7% | +12.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
EQT key statistics
- Market cap
- $34.8B
- #297 in S&P 500
- P/E (TTM)
- 12.9x
- Forward P/E
- 15.4x
- EPS (TTM)
- $4.31
- Revenue (TTM)
- $9.3B
- -4%
- Free cash flow
- $3.8B
- Gross margin
- 80.7%
- Operating margin
- 23.4%
- Return on equity
- 11.1%
- Dividend yield
- 1.22%
- 52-week range
- $47.94 – $68.24
- Beta
- 0.65
- Price / sales
- 3.7x
- EV / EBITDA
- 6.3x
- Debt / equity
- 0.20x
- Employees
- 1,523
EQT report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-3.9%F
- Gross margin80.7%A
- Operating margin23.4%B
- FCF margin40.4%A
- Return on equity11.1%C
- Net debt / EBITDA0.8xB
- Forward P/E15.4xB
- PEG ratio1.5xB
- Shareholder yield1.2%D
- Share count change / yr18.8%F
EQT financials
Revenue went from $1.4B in fiscal 2016 to $8.6B in fiscal 2025, growing 22.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $3.1B | $4.7B | $3.8B | $2.7B | $6.8B | $12.1B | $5.0B | $5.3B | $8.6B |
| Gross profit | $506.9M | $1.9B | $3.0B | $2.0B | $939.6M | $4.9B | $10.0B | $2.9B | $3.4B | $7.1B |
| Operating income | -$755.0M | $382.2M | -$2.8B | -$1.2B | -$877.7M | -$1.4B | $2.7B | $2.3B | $685.3M | $3.2B |
| Net income | -$453.0M | $1.5B | -$2.2B | -$1.2B | -$958.8M | -$1.1B | $1.8B | $1.7B | $230.6M | $2.0B |
| EPS (diluted) | $-2.71 | $8.04 | $-8.60 | $-4.79 | $-3.68 | $-3.54 | $4.38 | $4.22 | $0.45 | $3.31 |
| Free cash flow | $121.5M | $78.6M | -$22.8M | $249.3M | $495.5M | $607.3M | $2.1B | $1.2B | $573.3M | $2.8B |
| Buybacks | $30.0K | $30.0K | $27.0K | $0 | $0 | $12.9M | $409.5M | $201.0M | $0 | $0 |
| Dividends paid | $20.2M | $20.8M | $31.4M | $30.7M | $7.7M | $0 | $203.6M | $228.3M | $326.6M | $389.6M |
| Diluted shares | 167.0M | 187.7M | 260.9M | 255.1M | 260.6M | 323.2M | 406.5M | 413.2M | 514.6M | 615.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into EQT?
A reverse DCF asks what growth the current price requires. With an enterprise value of $40.3B and $3.8B of trailing free cash flow, EQT needs to grow free cash flow about -4.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 41.8% a year over the last five years.
P/E ratio history
Current 16.8x vs. median 9.6x (10th–90th percentile 3.1x–120.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
EQT dividend
- Dividend yield
- 1.22%
- Annual dividend
- $0.68
- Years of increases
- 3
- 5-yr dividend growth
- 39.7%
- per year
- Payout ratio
- 15%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
EQT analyst price targets
26 analysts' average 12-month target is $66.54 (+20% vs. $55.63). Targets range from $52.00 to $81.00. 81% rate it a buy.
EQT earnings
Next report: October 27, 2026. Last quarter's revenue was $1.8B (-4% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 21, 2026 | $0.40 | $0.39 | -3.3% |
| Apr 21, 2026 | $2.09 | $2.33 | +11.2% |
| Feb 17, 2026 | $0.76 | $0.90 | +17.7% |
| Oct 21, 2025 | $0.36 | $0.52 | +42.8% |
| Jul 22, 2025 | $0.41 | $0.45 | +10.0% |
| Apr 22, 2025 | $1.01 | $1.18 | +16.6% |
| Feb 18, 2025 | $0.53 | $0.69 | +31.3% |
| Oct 29, 2024 | $0.07 | $0.12 | +77.2% |
Stocks like EQT
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 COP ConocoPhillips | +3.55% | +73% | $181.2B | 20.0x | Compare |
 EOG EOG Resources | +3.21% | +56% | $85.5B | 12.7x | Compare |
 OXY Occidental Petroleum Corporatio | +2.67% | +53% | $64.1B | 18.2x | Compare |
 FANG Diamondback Energy | +4.37% | +43% | $57.6B | 40.0x | Compare |
 DVN Devon Energy | +4.49% | +58% | $56.5B | 11.2x | Compare |
 TPL Texas Pacific Land | +1.38% | +9% | $23.3B | 43.1x | Compare |
 EXE Expand Energy | +0.29% | -9% | $21.6B | 8.0x | Compare |
 APA APA | +4.98% | +117% | $18.2B | 11.0x | Compare |
EQT news
- EQT Gears Up to Report Q3 Earnings: What's in Store for the Stock? · Oct 22, 2026
- Analysts Estimate EQT Corporation (EQT) to Report a Decline in Earnings: What to Look Out for · Oct 20, 2026
- EQT Stock Faces Historically Bearish Resistance · Oct 19, 2026
- EQT Raises Quarterly Dividend 3%, Reinforces Shareholder Returns · Oct 16, 2026
- EQT Increases Base Dividend · Oct 14, 2026
EQT stock FAQ
What is EQT's market cap?
EQT's market capitalization is $34.80 billion as of October 23, 2026, ranking 297th in the S&P 500.
What is EQT's P/E ratio?
EQT trades at a trailing price-to-earnings ratio of 12.9x and a forward P/E of 15.4x. Its median P/E over the period we track is 9.6x.
Does EQT pay a dividend?
Yes. EQT pays $0.68 per share a year, a 1.22% yield. It has raised its dividend 3 years in a row. Dividends grew 39.7% a year over the last five years.
How much has EQT stock returned?
Including reinvested dividends, EQT returned +5.1% over one year, +22.8% a year over five years, +5.7% a year over ten years through October 23, 2026.
Is EQT stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies EQT must grow free cash flow about -5% a year for the next decade. Its free cash flow grew 42% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the EQT price target?
26 analysts cover EQT with an average 12-month price target of $66.54, +20% from the current price. 81% of them rate it a buy.
When does EQT report earnings?
EQT is expected to report earnings on October 27, 2026.
How many employees does EQT have?
EQT has about 1,523 full-time employees, or $6.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology