EQT Corporation (EQT)

EQT's stock price has increased by 32.01% over the past six months and 58.93% over the past year. Key events impacting EQT's stock price include the acquisition of Equitrans Midstream, which led to an upgrade in Equitrans' credit rating, and a joint venture with Blackstone Credit & Insurance, which resulted in S&P Global Ratings revising EQT Corp.'s outlook to stable. EQT also announced an agreement to acquire the upstream and midstream assets of Olympus Energy. EQT's stock price experienced a decrease following a drop in natural gas prices due to oversupply concerns. EQT raised its production and full-year 2025 production guidance.

Demand for EQT's natural gas is subject to seasonality, influenced by weather conditions, with colder weather typically driving increased consumption for electricity generation. EQT has demonstrated its ability to respond to seasonal demand fluctuations, such as raising production in the first quarter of 2025 to meet higher demand and capitalize on stronger winter pricing. Decreases in energy use due to weather or climatic changes may affect the company's financial condition, potentially leading to decreased revenues.

EQT Corporation operates within the Energy sector, specifically in the Oil & Gas Exploration & Production industry. The company's core business involves the acquisition, exploration, development, and production of natural gas, natural gas liquids (NGLs), and some crude oil. EQT also manages significant pipeline infrastructure and provides midstream services, including gathering, transmission, and water services. EQT is recognized as the largest natural gas producer in the United States.

EQT's operations are primarily concentrated in the Appalachian Basin, with a significant presence in the Marcellus and Utica Shales. The company's production fields span across Pennsylvania, West Virginia, and Ohio. As of December 31, 2019, EQT held 19.802 trillion cubic feet equivalent of proved reserves across approximately 1.8 million gross acres, with 88% of these reserves located in the Marcellus Formation and 95% being natural gas.

EQT has emphasized its commitment to environmental stewardship and sustainability, publishing its 2024 ESG Report highlighting achievements such as becoming the first large-scale traditional energy company to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its upstream operations ahead of its 2025 goal. The company reported a 67% reduction in Scope 1 GHG emissions for historical production assets since 2018 and an increase in the percentage of produced water recycled from 81% in 2019 to 96% in 2024. EQT also achieved a company-wide Production segment Scope 1 methane emissions intensity of 0.0070%, surpassing its 2025 target, reinforcing its dedication to providing environmentally responsible, reliable, and low-cost energy.

EQT Corporation's ownership is predominantly institutional, with 93.49% held by institutional shareholders, including Vanguard Group Inc., BlackRock, Inc., and Wellington Management Group Llp. The largest individual shareholder is S. Wil Vanloh Jr., owning 11.34% of the company's shares.