What is EQT Corporation's market cap?

EQT Corporation (EQT) has a market capitalization of $32.0B and trades on NYSE.

What is EQT Corporation's revenue and profitability?

EQT Corporation generated $10.3B in trailing twelve-month revenue with net income of $3.3B, representing a net margin of 31.9%. Gross margin stands at 84.9%, with free cash flow of $4.1B. These figures are based on the Q1 2026 filing.

Who are EQT Corporation's competitors?

EQT Corporation's key competitors include National Fuel Gas Co., Range Resources, Antero Resources, and others. These companies compete in similar markets and product categories.

Who does EQT Corporation partner with?

EQT Corporation's notable partners include MarkWest Energy Partners, L.P., Williams Ohio Valley Midstream LLC, Blue Racer Midstream, and others.

What subsidiaries does EQT Corporation have?

EQT Corporation's subsidiaries include EQT Energy, LLC, Olympus Energy.

Where is EQT Corporation headquartered?

EQT Corporation is headquartered in United States of America and employs approximately 881 people. It has been publicly traded since 1950.

EQT Corporation

EQT

EQT is a vertically integrated natural gas company and the largest producer of natural gas in the United States, primarily operating in the Appalachian Basin.

Market cap

$32B-3.4%

Revenue$10.3B+83.6%

Net income$3.3B+790%

Free cash flow$4.1B+97.6%

EPS (diluted)$5.27+632%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 21, 2026

Revenue$3.4BBeat by $163.4M EPS$2.33Beat by $0.25

Read the full report

Next report

Jul 21, 2026 (In 1 week)

Revenue estimate$1.8B

EPS estimate$0.45

Financials

Q1 2026

Income statement

See full

Revenue$3.4B+94.2%

Gross profit$3.0B+119%

Operating income$2.0B+310%

Net income$1.5B+514%

EPS (diluted)$2.36+490%

Balance sheet

See full

Cash & equivalents$326.6M+15.9%

Total debt$6.0B-28.6%

Total equity$25.1B+21.2%

Total assets$41.7B+5.0%

Cash flow

See full

Operating cash flow$3.1B+75.5%

CapEx$598.5M+19.8%

Free cash flow$2.5B+97.9%

Valuation & ratios

Valuation

See full

Market cap$32.37B-3.4%

Enterprise value$38.04B-7.8%

P/E9.9×-19.4×

P/S3.2×-1.5×

Profitability

See full

Gross margin84.9%+16.1pp

Operating margin46.6%+28.7pp

Net margin31.9%+25.3pp

FCF margin39.4%—

Returns & leverage

See full

Return on equity14.3%+12.3pp

Debt / equity0.2×-0.2×

Current ratio0.7×+0.1×

Segments

By product

See full

Total revenues from contracts with customers$3.6B+49.6%

Natural gas$3.3B+58.8%

NGLs$157.1M-9.6%

Oil$28.5M+35.9%

By segment

See full

Upstream$3.2B—

Gathering$335.0M-0.1%

Transmission$161.5M+10.4%

Competitors

By market cap

Energy Transfer$68.2B+11.0%

EQT Corporation$32.4B-3.7%

Antero Resources$10.9B-5.5%

Range Resources$8.9B-3.8%

National Fuel Gas$7.6B+0.3%

Crescent Energy$3.1B+33.5%

Diversified Energy $974.9M+14.3%

Epsilon Energy$162.7M-1.7%

By revenue growth

Diversified Energy +185%

EQT Corporation+83.6%

Epsilon Energy+53.7%

Range Resources+40.5%

Antero Resources+28.8%

National Fuel Gas+21.2%

Crescent Energy+18.3%

Energy Transfer+12.5%

By net margin

EQT Corporation31.94%+25.3pp

Diversified Energy 28.08%+91.8pp

National Fuel Gas27.37%+9.3pp

Range Resources26.09%+15.1pp

Antero Resources17.1%+11.0pp

Energy Transfer4.73%-1.2pp

Crescent Energy-7.24%-4.4pp

Epsilon Energy-14.89%-31.8pp

Profile

EQT is a vertically integrated natural gas company and the largest producer of natural gas in the United States, primarily operating in the Appalachian Basin. The company leverages a 'combo-development' strategy to maximize operational efficiency and generate durable free cash flow across commodity cycles. Its business model integrates upstream exploration and production with extensive gathering and transmission infrastructure to serve power generation, industrial consumption, and global LNG markets.

Competitive position

The company is the leading low-cost, large-scale integrated natural gas producer in the United States with a multi-decade inventory of core drilling locations.

GeographiesUnited States, Appalachian Basin, Pennsylvania, West Virginia, Ohio

Customer segmentsUtilities, Industrial enterprises, Energy marketers

Business modelVertically integrated production, Infrastructure-as-a-service, Commodity production

SuppliersOilfield service providers, Drilling rig operators, Hydraulic fracturing sand suppliers, Water management services

CustomersElectric utility companies, Industrial manufacturing plants, LNG liquefaction facilities, Local gas distribution companies

CountryUnited States of America

Listed1950

Employees881.0

CEOToby Z. Rice

SectorEnergy

IndustryOil & Gas Exploration & Production

Websiteeqt.com

FilingsSEC EDGAR

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Questions, answered.

What is EQT Corporation's market cap?: EQT Corporation (EQT) has a market capitalization of $32.0B and trades on NYSE.
What is EQT Corporation's revenue and profitability?: EQT Corporation generated $10.3B in trailing twelve-month revenue with net income of $3.3B, representing a net margin of 31.9%. Gross margin stands at 84.9%, with free cash flow of $4.1B. These figures are based on the Q1 2026 filing.
Who are EQT Corporation's competitors?: EQT Corporation's key competitors include National Fuel Gas Co., Range Resources, Antero Resources, and others. These companies compete in similar markets and product categories.
Who does EQT Corporation partner with?: EQT Corporation's notable partners include MarkWest Energy Partners, L.P., Williams Ohio Valley Midstream LLC, Blue Racer Midstream, and others.
What subsidiaries does EQT Corporation have?: EQT Corporation's subsidiaries include EQT Energy, LLC, Olympus Energy.
Where is EQT Corporation headquartered?: EQT Corporation is headquartered in United States of America and employs approximately 881 people. It has been publicly traded since 1950.