Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

EQT Corporation

EQT stock analysis · Energy · Oil & Gas Exploration & Production

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$53.17HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$33.3B

Price × SEC outstanding shares. Shares measured 2026-04-14. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$68.90

Equity cash-flow scenario · SEC outstanding shares at 2026-04-14 · 29.6% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-1.1%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-3.8%

7 industry peers · median 15.7×

How this is calculated ↗
Valuation

Historical multiples

16.1×

4 annual observations · snapshot P/E 16.3× · 1.4% versus history

How this is calculated ↗
Valuation

Free cash flow yield

8.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

7.5%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

80/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

4.9%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-6.9%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

31.4%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 5.1B2020-12-31: cfo $1,537,701,000.002020-12-31: capex $1,042,231,000.0020202021-12-31: cfo $1,662,448,000.002021-12-31: capex $1,055,128,000.0020212022-12-31: cfo $3,465,560,000.002022-12-31: capex $1,400,443,000.0020222023-12-31: cfo $3,178,850,000.002023-12-31: capex $2,019,037,000.0020232024-12-31: cfo $2,826,973,000.002024-12-31: capex $2,253,709,000.0020242025-12-31: cfo $5,125,952,000.002025-12-31: capex $2,288,425,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$86.43$94.30$102.76
10.0%$63.33$68.90$74.89
12.0%$49.96$54.22$58.77

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-318.6B2.3B5.1B2.3B41.8B
2024-12-315.3B242.1M2.8B2.3B39.8B
2023-12-315B1.7B3.2B2B25.3B
2022-12-3112.1B1.8B3.5B1.4B22.7B
2021-12-316.8B-1.1B1.7B1.1B21.6B
2020-12-312.7B-958.8M1.5B1B18.1B
2019-12-313.8B-1.2B1.9B1.6B18.8B
2018-12-314.7B-2B3B3B20.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue8.6BRevenues2026-02-18
netIncome2.3BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-18
Parent/common earnings proxy2BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-18
cfo5.1BNetCashProvidedByUsedInOperatingActivities2026-02-18
capex2.3BPaymentsToAcquirePropertyPlantAndEquipment2026-02-18
operatingIncome3.2BOperatingIncomeLoss2026-02-18
assets41.8BAssets2026-02-18
equity27.4BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-18
Parent book equity proxy23.8BStockholdersEquity2026-02-18
debt7.8BLongTermDebt2026-02-18
shortDebtNot reported under a supported tag
cash110.8MCashAndCashEquivalentsAtCarryingValue2026-02-18
shares615.7MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-18
dividends389.6MPaymentsOfDividendsCommonStock2026-02-18
buybacks0PaymentsForRepurchaseOfCommonStock2026-02-18
issuanceNot reported under a supported tag