EQT Corporation (EQT)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$55.17-0.79%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
QuarterlyIQ Insights · EQT
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-09-04.
The screen ranks EQT against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated neutral grew net income 57% of the time over the next year (vs 56% for the rest of the cohort, n=2314).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to increase total sales volume beyond guidance through strong well performance, compression investments, and operational efficiencies.
Stated as a priority in 5 of last 5 quarters. Production volume increased from 568 Bcfe in 2025-Q2 to 634 Bcfe in 2026-Q2, exceeding guidance each quarter and prompting a 90 Bcfe upward revision to 2026 guidance. Management is delivering on this priority with consistent production outperformance.
“Production: Sales volume of 634 Bcfe, above the high-end of guidance due to strong well performance and compression investments”
“Production: Sales volume of 618 Bcfe, above the high-end of guidance due to strong well performance and system pressure optimization”
“Production: Sales volume of 609 Bcfe, above the high-end of guidance due to strong well performance and system pressure optimization”
“Production: Sales volume of 634 Bcfe, toward the high-end of guidance driven by strong well performance and compression project outperformance”
“Production: Sales volume of 568 Bcfe, at the high-end of guidance driven by strong well performance and compression project outperformance”
Continue to control capital spending with operational efficiency gains and reduce full-year capital expenditure guidance.
Stated as a priority in 5 of last 5 quarters. Capital expenditures consistently came in below guidance, with $666 million spent in 2026-Q2, 9% below low-end guidance. Full-year 2026 maintenance CapEx guidance was reduced by $25 million. Management is delivering on disciplined capital spending.
Focus on generating robust free cash flow and reducing net debt to strengthen financial position.
Stated as a priority in 5 of last 5 quarters. Free cash flow attributable to EQT was $330 million in 2026-Q2, down from $1.8 billion in 2026-Q1, reflecting seasonal and operational factors. Net debt improved from $7.7 billion at 2025-Q4 to $5.5 billion at 2026-Q2. Management is delivering progress on cash flow generation and balance sheet improvement.
Complete operational integration of Olympus Energy assets and realize synergy benefits from the acquisition.
Stated as a priority in 4 of last 5 quarters since 2025-Q1. Management completed operational integration of Olympus Energy assets within 34 days post-closing and reports synergy capture driving outperformance. The $1.8 billion acquisition at ~3.4x adjusted EBITDA multiple is progressing as planned.
Develop and accelerate midstream infrastructure projects to support regional demand growth and capture growth opportunities.
Stated as a priority in 4 of last 5 quarters. Management is advancing midstream growth projects with $85 million accelerated capital contributions to MVP Southgate and an oversubscribed MVP Boost open season with capacity upsized by 20%. Progress aligns with stated growth objectives.
Over the trailing year it converted 2.82x of net income into operating cash flow. Historically, Energy names rated robust grew net income 57% of the time over the next year (vs 38% for the rest of the cohort, n=996).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
30 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=807).
Not investment advice. As of 2026-09-04.
“Capital Expenditures: $666 million, 9% below the low-end of guidance, benefiting from operational efficiency gains”
“Capital Expenditures: $608 million, 4% below the low-end of guidance, benefiting from operational efficiency gains”
“Capital Expenditures: $655 million, 4% below the mid-point of guidance, benefiting from operational efficiency gains”
“Capital Expenditures: $618 million, 10% below the mid-point of guidance due to continued efficiency gains”
“Capital Expenditures: $554 million, 15% below the mid-point of guidance due to continued efficiency gains”
“Free cash flow attributable to EQT of $330 million; net debt $5.5 billion”
“Free cash flow attributable to EQT of $1,832 million; net debt $5.7 billion”
“Free cash flow attributable to EQT of $744 million; net debt $7.7 billion”
“Free cash flow attributable to EQT of $484 million; net debt $8.0 billion”
“Free cash flow attributable to EQT of $240 million; net debt $7.8 billion”
“Announced Olympus Energy acquisition; integration off to a fast start”
“Announced agreement to acquire Olympus Energy upstream and midstream assets”
“Achieved operational integration of Olympus assets 34 days after closing”
“Announced Olympus Energy acquisition agreement; integration expected within 30 days”
“Accelerating MVP Southgate; secured regulatory approvals and advancing MVP Boost open season”
“MVP Boost open season exceptionally strong and upsized by 20% due to strong utility demand”
“Launched open season for MVP Boost project to provide 500 MMcf/d incremental capacity”
“MVP Boost open season oversubscribed; projected build multiple ~3.0x adjusted EBITDA”