EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2020, it had 19.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.8 million gross acres. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: eqt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $50.00 | Buy | BofA Securities |
| 10/3/2024 | $37.00 → $44.00 | Neutral → Buy | Citigroup |
| 8/23/2024 | $37.00 | Neutral | Citigroup |
| 8/15/2024 | $43.00 → $32.00 | Overweight → Neutral | Piper Sandler |
| 8/14/2024 | $40.00 → $42.00 | Equal Weight → Overweight | Wells Fargo |
| 7/23/2024 | $42.00 | Neutral → Overweight | JP Morgan |
| 7/18/2024 | $51.00 | Outperform | Wolfe Research |
| 4/19/2024 | $43.00 | Hold | TD Cowen |
| 4/17/2024 | $48.00 → $37.00 | Overweight → Equal Weight | Wells Fargo |
| 4/11/2024 | $52.00 | Sector Perform → Sector Outperform | Scotiabank |
BofA Securities resumed coverage of EQT Corp. with a rating of Buy and set a new price target of $50.00
Citigroup upgraded EQT Corp. from Neutral to Buy and set a new price target of $44.00 from $37.00 previously
Citigroup resumed coverage of EQT Corp. with a rating of Neutral and set a new price target of $37.00
Piper Sandler downgraded EQT Corp. from Overweight to Neutral and set a new price target of $32.00 from $43.00 previously
Wells Fargo upgraded EQT Corp. from Equal Weight to Overweight and set a new price target of $42.00 from $40.00 previously
JP Morgan upgraded EQT Corp. from Neutral to Overweight and set a new price target of $42.00
Wolfe Research resumed coverage of EQT Corp. with a rating of Outperform and set a new price target of $51.00
TD Cowen resumed coverage of EQT Corp. with a rating of Hold and set a new price target of $43.00
Wells Fargo downgraded EQT Corp. from Overweight to Equal Weight and set a new price target of $37.00 from $48.00 previously
Scotiabank upgraded EQT Corp. from Sector Perform to Sector Outperform and set a new price target of $52.00
Piper Sandler analyst Mark Lear maintains EQT (NYSE:EQT) with a Overweight and lowers the price target from $47 to $43.
Stephens & Co. analyst Mike Scialla maintains EQT (NYSE:EQT) with a Equal-Weight and lowers the price target from $47 to $46.
2024 OutlookThe Company re-affirms its expectation of 2024 total sales volume of 2,100 – 2,200 Bcfe, which embeds approximately 180 Bcfe of net production curtailments in 2024, including 90 Bcfe in the second half of 2024. The Company maintains its 2024 EQT maintenance capital expenditures guidance of $1,950 – $2,050 million. The Company also maintains its 2024 strategic growth capital expenditures guidance of $200 – $300 million, which targets opportunistic, high-return water, midstream and other infrastructure and land opportunities. Following the close of the Equitrans acquisition, the Company expects to spend $180 – $230 million in the balance of 2024 for Equitrans capital expenditures.D
EQT (NYSE:EQT) reported quarterly losses of $(0.08) per share which beat the analyst consensus estimate of $(0.20) by 60 percent. This is a 52.94 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $1.18 billion which beat the analyst consensus estimate of $1.06 billion by 11.58 percent. This is a 19.10 percent increase over sales of $993.08 million the same period last year.
JP Morgan analyst Arun Jayaram upgrades EQT (NYSE:EQT) from Neutral to Overweight and announces $42 price target.
EQT (NYSE:EQT) has outperformed the market over the past 5 years by 7.17% on an annualized basis producing an average annual return of 20.09%. Currently, EQT has a market capitalization of $15.78 billion. Buying $1000 In EQT: If an investor had bought $1000 of EQT stock 5 years ago, it would be worth $2,411.61 today based on a price of $35.74 for EQT at the time of writing. EQT's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Truist Securities analyst Neal Dingmann maintains EQT (NYSE:EQT) with a Hold and lowers the price target from $36 to $32.
Wolfe Research analyst Doug Leggate reinstates EQT (NYSE:EQT) with a Outperform.
Throughout the last three months, 9 analysts have evaluated EQT (NYSE:EQT), offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 3 3 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $48.0, along with a high estimate of $55.00 and a low estimate of $43.00. Witnessing a positive shift, the current average has
PITTSBURGH, Oct. 29, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies, de-risking more than 50% of total base plan synergiesSales volume of 581 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and stron
First Traditional Energy Producer of Scale in the World to Achieve Net Zero Scope 1 and Scope 2 GHG Emissions PITTSBURGH, Oct. 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT), America's leading producer of natural gas, today announced that it has achieved its commitment to reach net zero Scope 1 and Scope 2 greenhouse gas ("GHG") emissions1 across the company's legacy operations ahead of its 2025 goal. This milestone covers the entirety of EQT's upstream operations, inclusive of the recently acquired Tug Hill/XcL Midstream and Alta Resources assets, which were not part of the original target set in 2021 and combined represented an approximately 52% increase relative to starting-point em
PITTSBURGH, Oct. 10, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.1575 per share, payable on December 2, 2024, to shareholders of record at the close of business on November 6, 2024. Investor ContactCameron HorwitzManaging Director, Investor Relations & [email protected] About EQT CorporationEQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin.
PITTSBURGH, Oct. 3, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) plans to issue its third quarter financial and operating results news release after market close on Tuesday, October 29, 2024, and will host a conference call to review the results and other relevant matters on Wednesday, October 30, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit EQT's investor relations website at ir.eqt.com. A replay will be archived and available, for one yea
Total fee-generating commitments for the Fund amount to USD 3.2 billion (EUR 2.9 billion), including fee-generating co-investments of USD 0.3 billion (EUR 0.3 billion)EQT Active Core Infrastructure is a longer-hold strategy with a focus on downside protection, and applies EQT's active ownership approach and value creation playbook to core infrastructure companies in Europe and North America.The Fund has already made three highly thematic investments that align with the strategy's investment criteria and core focus.STOCKHOLM, Sept. 24, 2024 /PRNewswire/ -- EQT is pleased to announce that the EQT Active Core Infrastructure fund (or the "Fund") has held its final close. Total fee-generating com
Sixth Street to acquire minority interest in EdgeConneXBroadened investor base adds new resources and expertise, supporting EdgeConneX's long-term ambition as a leading global data center and AI infrastructure providerNEW YORK, Sept. 24, 2024 /PRNewswire/ -- EQT and Sixth Street are pleased to announce that the EQT Infrastructure IV and EQT Infrastructure V funds ("EQT Infrastructure") have signed an agreement to sell a minority stake in EdgeConneX to funds managed by Sixth Street. Having been invested in the company since 2020, EQT Infrastructure will remain the largest shareholder following the closing of the transaction. EdgeConneX is a leading global provider of data center capacity foc
WhiteHawk closes acquisition of additional Marcellus Shale natural gas mineral and royalty assets adding interests in approximately 435,000 gross unit acres Acquisition expands WhiteHawk's natural gas mineral and royalty ownership into West Virginia, adding Antero Resources as a key operator Acquisition generates cash flow from over 1,200 wells, more than 600 of which are new to WhiteHawk's ownership interest WhiteHawk now owns natural gas mineral and royalty interests across approximately 1,050,000 gross unit acres in the core of the Marcellus and Haynesville Shales with interests in over 3,400 producing wells WhiteHawk Energy, LLC ("WhiteHawk" or the "Company") announced today th
STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- EQT is excited to announce that Henry Steinberg assumes the role of global head of EQT Exeter today. Ward Fitzgerald, founder and global head of EQT Exeter, has decided to step down. EQT also announces that Matthew Brodnik, Chief Investment Officer, North American Industrial, assumes the role of Global CIO of EQT Exeter. Since founding the firm nearly 20 years ago, Ward has, together with EQT, led EQT Exeter to become a leading global real estate investment manager with over 450 professionals across 50 offices globally. With nearly $30B of equity under management, EQT Exeter owns and operates over 2,000 properties and 375 million square feet. Ward w
EQT, together with its peers in the Appalachian Regional Clean Hydrogen Hub, have advanced to Phase 1 Award Status from the U.S. Department of Energy PITTSBURGH, July 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced that its strategic plans to produce clean hydrogen and low carbon aviation fuel (LCAF) from its low emissions Appalachian natural gas will advance into Phase 1 planning following the execution of a cooperative agreement between the Appalachian Regional Clean Hydrogen Hub (ARCH2) and the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED).
PITTSBURGH, July 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced financial and operational results for the second quarter of 2024. Second Quarter 2024 and Recent Highlights: Closed the acquisition of Equitrans Midstream Corporation (Equitrans) a full quarter ahead of plan, resulting in approximately $150 million of savings relative to initial expectations; accelerates synergy capture and the commencement of deleveraging planSales volume of 508 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and strong well performanceCa
3 - EQT Corp (0000033213) (Issuer)
3 - EQT Corp (0000033213) (Issuer)
3 - EQT Corp (0000033213) (Issuer)
4 - EQT Corp (0000033213) (Issuer)
4 - EQT Corp (0000033213) (Issuer)
4 - EQT Corp (0000033213) (Issuer)
4/A - EQT Corp (0000033213) (Issuer)
4 - EQT Corp (0000033213) (Issuer)
4 - EQT Corp (0000033213) (Issuer)
4 - EQT Corp (0000033213) (Issuer)
10-Q - EQT Corp (0000033213) (Filer)
8-K - EQT Corp (0000033213) (Filer)
8-K - EQT Corp (0000033213) (Filer)
8-K - EQT Corp (0000033213) (Filer)
SD - EQT Corp (0000033213) (Filer)
10-Q - EQT Corp (0000033213) (Filer)
8-K - EQT Corp (0000033213) (Filer)
S-8 - EQT Corp (0000033213) (Filer)
8-K - EQT Corp (0000033213) (Filer)
8-K - EQT Corp (0000033213) (Filer)
SC 13G/A - EQT Corp (0000033213) (Subject)
SC 13G/A - EQT Corp (0000033213) (Subject)
SC 13G/A - EQT Corp (0000033213) (Subject)
SC 13G - EQT Corp (0000033213) (Subject)
SC 13G - EQT Corp (0000033213) (Subject)
SC 13G/A - EQT Corp (0000033213) (Subject)
SC 13G/A - EQT Corp (0000033213) (Subject)
SC 13G/A - EQT Corp (0000033213) (Subject)
SC 13G - EQT Corp (0000033213) (Subject)
SC 13G - EQT Corp (0000033213) (Subject)
PITTSBURGH, Oct. 29, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies, de-risking more than 50% of total base plan synergiesSales volume of 581 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and stron
PITTSBURGH, Oct. 10, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.1575 per share, payable on December 2, 2024, to shareholders of record at the close of business on November 6, 2024. Investor ContactCameron HorwitzManaging Director, Investor Relations & [email protected] About EQT CorporationEQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin.
PITTSBURGH, Oct. 3, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) plans to issue its third quarter financial and operating results news release after market close on Tuesday, October 29, 2024, and will host a conference call to review the results and other relevant matters on Wednesday, October 30, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit EQT's investor relations website at ir.eqt.com. A replay will be archived and available, for one yea
PITTSBURGH, July 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced financial and operational results for the second quarter of 2024. Second Quarter 2024 and Recent Highlights: Closed the acquisition of Equitrans Midstream Corporation (Equitrans) a full quarter ahead of plan, resulting in approximately $150 million of savings relative to initial expectations; accelerates synergy capture and the commencement of deleveraging planSales volume of 508 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and strong well performanceCa
PITTSBURGH, July 16, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced that its Board of Directors declared a quarterly cash dividend of $0.1575 per share, payable on September 1, 2024, to shareholders of record at the close of business on August 7, 2024. Investor ContactCameron HorwitzManaging Director, Investor Relations & [email protected] About EQT CorporationEQT Corporation is a leading independent natural gas production company with operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-cl
PITTSBURGH, July 1, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) plans to issue its second quarter financial and operating results news release after market close on Tuesday, July 23, 2024, and will host a conference call to review the results and other relevant matters on Wednesday, July 24, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit EQT's investor relations website at ir.eqt.com. A replay will be archived and available, for one year, in
Equitrans Midstream Corporation (NYSE:ETRN) ("Equitrans") and EQT Corporation (NYSE:EQT) ("EQT") today announced that, in connection with Equitrans' proposed transaction with EQT (the "Merger"), the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares ("Equitrans Preferred Stock") to elect the form of consideration they wish to receive in connection with the change of control contemplated by the Merger in accordance with the Second Amended and Restated Articles of Incorporation of Equitrans (the "Equitrans Articles") is 11:59 p.m. Eastern Time on July 9, 2024 (the "Election Deadline"). This press release features multimedia. View the full release here: h
PITTSBURGH, April 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced financial and operational results for the first quarter of 2024. First Quarter 2024 and Recent Highlights: Net cash provided by operating activities of $1,156 million; generated $402 million of free cash flow(1) and exited the quarter with approximately $650 million of cash on the balance sheetTotal sales volume of 534 Bcfe, towards the high-end of guidance adjusted for curtailments, reflecting continued operational efficiency gains and strong well performanceLease operating expenses of $0.1
PITTSBURGH, April 17, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced that its Board of Directors declared a quarterly cash dividend of $0.1575 per share, payable on June 1, 2024, to shareholders of record at the close of business on May 8, 2024. Investor ContactCameron HorwitzManaging Director, Investor Relations & [email protected] About EQT CorporationEQT Corporation is a leading independent natural gas production company with operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class as
PITTSBURGH, April 8, 2024 /PRNewswire/ -- EQT Corporation (NYSE:EQT) plans to issue its first quarter financial and operating results news release after market close on Tuesday, April 23, 2024, and will host a conference call to review the results and other relevant matters on Wednesday, April 24, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit EQT's investor relations website at ir.eqt.com. A replay will be archived and available, for one year,
STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- EQT is excited to announce that Henry Steinberg assumes the role of global head of EQT Exeter today. Ward Fitzgerald, founder and global head of EQT Exeter, has decided to step down. EQT also announces that Matthew Brodnik, Chief Investment Officer, North American Industrial, assumes the role of Global CIO of EQT Exeter. Since founding the firm nearly 20 years ago, Ward has, together with EQT, led EQT Exeter to become a leading global real estate investment manager with over 450 professionals across 50 offices globally. With nearly $30B of equity under management, EQT Exeter owns and operates over 2,000 properties and 375 million square feet. Ward w
NEW YORK, July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE:EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 22, 2024 S&P MidCap 400
EQT Private Equity to acquire Zeus, a leading supplier of custom polymer components to the world's most innovative medical device and industrial companies Transaction highlights EQT's commitment to partnering with leading, purpose-driven companies that deliver inherently critical services to society. Zeus uses its material science expertise to develop advanced components for medical devices used in minimally invasive, life-saving procedures EQT will support Zeus through investments in additional production capacity, R&D, and operational excellenceNEW YORK, Dec. 18, 2023 /PRNewswire/ -- The EQT X fund ("EQT") and Zeus Company, Inc., today jointly announced that they have e
PITTSBURGH, Dec. 2, 2023 /PRNewswire/ -- EQT Corporation (NYSE:EQT), the largest producer of natural gas in the United States, today announced its participation in the Oil and Gas Decarbonization Charter (OGDC) unveiled at COP28. This landmark charter is dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors. "EQT is proud to join this landmark charter. EQT has been at the forefront of emissions reduction for years. Our aggressive net zero targets, vigorous efforts to reduce methane emissions, commitment to transparency and focus
PITTSBURGH, July 20, 2023 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced Jeremy Knop has been named Chief Financial Officer ("CFO"), following completion of the Company's previously announced succession process. Mr. Knop, who previously served as the Company's Executive Vice President of Corporate Development, will assume the CFO role effective July 24, 2023. Mr. Knop has extensive experience in strategic decision making, investment management, capital allocation, M&A and transaction execution. In his previous role at EQT, Mr. Knop was responsible for leading EQT's
PITTSBURGH, Sept. 27, 2021 /PRNewswire/ -- EQT Corporation (NYSE:EQT) today announced that its Board of Directors has appointed Frank C. Hu, former Vice President of Capital World Investors, an investment group in the Capital Group Companies, Inc., to the EQT Board of Directors, effective as of October 19, 2021. "We are pleased to welcome Frank to the EQT Board. His decades of financial experience and deep understanding of the oil and gas industry bring added depth to our Board," said Lydia I. Beebe, Chair of the EQT Board. "The combination of Frank's executive leadership experience managing downstream and business development segments, coupled with his strong oil and gas investment backgro