EQT Corporation (EQT)
NYSEEnergyOil & Gas E&pSnapshot 2026-07-07
$51.77+0.12%
Close 2026-07-07 · 1-day change
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Track EQT free→Intact: The reason to own it still holds.
EQT is a low-cost natural gas producer with strong cash flow. It beat earnings in the last two quarters. The company aims for free cash flow above $3.5 billion in 2026. Capital spending is disciplined and production is on track.
Revenue is expected to decline about 5% next year. The sector faces headwinds and management is volatile. If gas prices fall or production weakens, cash flow could drop sharply.
The price is about 15% below our fair value near $60. Analysts expect revenue to decline about 5% next year. Our view is cautious but sees value if cash flow targets hold.
Breaks if: Capital expenditures exceed $2.21 billion or fall below $2.07 billion in FY26
EQT is committed to maintaining its capital spending within the guided range.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 4 of last 4 quarters. Capital Expenditures were $608 million in 2026-Q1, 4% below the low-end of guidance, indicating disciplined spending. The company is maintaining its capital spending within the guided range, showing consistent adherence to its financial strategy.
“Capital Expenditures: $608 million, 4% below the low-end of guidance.”
“Maintaining capital spending within guidance.”
“Focused on disciplined capital spending.”
“Capital spending remains within our guided range.”
Breaks if: Free cash flow falls below $3.5 billion in FY26
EQT aims to generate significant free cash flow, leveraging its low-cost platform.
Stated in 4 of last 4 quarters. Free cash flow attributable to EQT was $1,832 million in 2026-Q1, demonstrating strong cash generation. The company is delivering on its free cash flow target, leveraging its low-cost platform to achieve record results.
“CEO: 'Generating record free cash flow while continuing to strengthen our balance sheet.'”
“CEO: 'On track to achieve our free cash flow target.'”
“CEO: 'Focused on delivering free cash flow growth.'”
“CEO: 'Free cash flow generation remains a top priority.'”
Breaks if: Sales volume falls below 618 Bcfe in Q1 2026
EQT aims to meet its production forecast, leveraging strong well performance.
Stated in 4 of last 4 quarters. Sales volume was 618 Bcfe in 2026-Q1, exceeding the high-end of guidance due to strong well performance. The company is delivering on its production forecast, consistently achieving or surpassing its targets.
“Sales volume of 618 Bcfe, above the high-end of guidance due to strong well performance.”
“Production volumes exceeded guidance.”
“On track to meet production targets.”
“Production forecast remains a key focus.”
Breaks if: Revenue declines more than 5.3% in FY26