| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 77 | 12.7x | 17.3x | Top tier | |
Growth | 62 | 32.3% | 7.1% | Around median | |
Quality | 84 | 10.5% | 4.5% | Top tier | |
Safety | 80 | 0.8x | 2.6x | Top tier | |
Capital Return | 91 | 1.19% | 0.06% | Top tier | |
Momentum | 55 | -3.0% | -1.6% | Around median | |
Sentiment | 61 | 13 | 3 | Around median |
The floor: what the company is worth if growth stopped today
9% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
EQT Corporation is an integrated natural gas platform in the Appalachia region, combining low-cost gas production with midstream infrastructure that transports it to demand centers. The company generates revenue from the sale of natural gas and propane production, transportation and storage fees and assets, and long-term supply agreements linked to gas or electricity markets, while also building a liquefied natural gas portfolio that provides access to higher-priced international markets. The integration with Equitrans assets and compression projects is intended to reduce production costs, extend well plateau periods, and improve realized prices.
In Q2 FY2026, EQT reported revenue of $1.8 billion and gross profit of $1.4 billion, equivalent to a gross margin of approximately 77.8%, while net income was $211.4 million and earnings per share were $0.34. The company also generated attributable free cash flow of $330 million, despite an average natural gas price of $2.89 per million British thermal units. These results reflect the contribution of the integrated production and infrastructure platform, but the context does not provide a numerical breakdown of revenue between the production and transportation businesses.
The trailing twelve-month data included within the 2026 figures show revenue of $9.5 billion, gross profit of $8.0 billion, and net income of $2.7 billion, with earnings per share of approximately $4.31. However, Q2 FY2026 results declined markedly from Q1 FY2026, which recorded revenue of $3.4 billion and net income of $1.5 billion, highlighting the sensitivity of quarterly earnings to realized prices, production timing, and operational factors.
The analyst consensus is Buy, with an average target of $72.5 and a very narrow range of $72 to $73, while the stock's 52-week range extends from $47.94 to $68.24. The average target is above the top of the 52-week range and therefore implicitly relies on continued production outperformance and the conversion of CPV, liquefied natural gas, and infrastructure agreements into tangible cash flows. Conversely, no published price-to-earnings ratio is available, and sensitivity to gas prices and the slowdown between Q1 and Q2 FY2026 remain factors limiting the ability to verify the valuation's attractiveness using current earnings alone.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
The increase followed Q2 FY2026 volumes exceeding the upper end of the company's guidance, driven by base production and new-well performance. Management raised the midpoint of its FY2026 production guidance by approximately 90 billion cubic feet equivalent and reduced annual capital expenditures by $25 million. Wells brought online in the first half of FY2026 also outperformed the company's type curve by 8%. Management attributes a significant part of this to compression projects that extend well plateau periods and slow the decline of older wells.
The agreement covers ten years and the supply of 325 million cubic feet of gas per day to a 2-gigawatt power generation facility in Doddridge County, West Virginia. The facility is scheduled to enter service in early 2031, and its gas price is linked to PJM electricity prices rather than a traditional gas index. Management estimated that the agreement would have added approximately $100 million annually to free cash flow had it operated at full capacity for an entire year, while improving the company's overall price differentials by approximately five cents. The structure gives EQT exposure to the electricity market without a capital commitment to the generation facility itself.
Automated analysis for informational purposes only — not investment advice.
Compression projects reduce gathering-system pressure, extending stable production periods for new wells and slowing the decline of older wells. EQT said in the July 22, 2026 call that new wells in the first half of FY2026 outperformed the type curve by 8%. After evaluating more than 99% of the wells in its portfolio, the company identified approximately 30 additional compression projects alongside six projects in FY2026. It expects to apply these investments to wells producing approximately 0.5 billion cubic feet equivalent per day in each year over the next several years.
EQT paid approximately $77 million for two propane storage and distribution terminals in New England with a combined capacity of 46 million gallons and access by rail and marine transport. EQT supplied approximately 60% of the propane volumes handled by BlackLine before the acquisition, making the assets a direct extension of its existing business. Management expects a base free cash flow yield of 20%, with opportunities that could nearly double that percentage. The assets also give the company flexibility in propane flows, pricing, and distribution through domestic and international channels.
EQT signed a five-year offtake agreement for approximately 0.5 million tonnes per annum, with volumes scheduled to begin in 2028 from Gulf Coast facilities. Management estimated in the July 22, 2026 call that the agreement could add approximately $45 million to free cash flow in 2028 based on the forward prices referenced at the time. This agreement precedes the launch of the larger portfolio planned for 2030 and is intended to build expertise and international relationships while reducing execution risks. However, management acknowledged that the two export facilities could begin operating later than the contractual date in January 2028, although it expected them to contribute during the same year.