What is the 13F Pro Quality Score for EQT?

13F Pro ranks EQT Corp (EQT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View EQT's current score at https://13fpro.ai/company/EQT (free sign-up required for the full ranking).

Which hedge funds own the most EQT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of EQT include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/EQT as soon as new 13F filings post.

Where does 13F Pro source EQT data?

All EQT Corp fundamentals and ownership data come directly from SEC EDGAR. EQT Corp files with the SEC under CIK 33213. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is EQT in?

EQT Corp (EQT) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives EQT's revenue?

Per EQT Corp's latest 10-Q filed with the SEC on 2026-07-22, the biggest revenue drivers are: Sales of natural gas, NGLs and oil ($1.61B, -5% YoY); Pipeline and other ($155M, +13% YoY); Gain (loss) on derivatives ($45M, -94% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/EQT.

What are EQT's largest expenses?

EQT Corp's latest 10-Q reports these as the largest expense items: Depreciation, depletion and amortization ($690M, +11% YoY); Transportation and processing ($385M, -1% YoY); Selling, general and administrative ($106M, +30% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is EQT research updated on 13F Pro?

EQT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

EQT Corp(EQT)Stock Analysis

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SEC EDGAR: CIK 33213 EQT stock profile & AI dashboard →

13F Pro Quality Score

83.7/100

Rank #11 of 2,961 stocksTOP 1%

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

92.6/100

Profitability

91.4/100

Balance Sheet

76.3/100

Earnings Quality

53.0/100

Free Cash Flow

90.5/100

Institutional Flow

74.2/100

Revenue Scale

86.1/100

Dilution Risk

67.1/100

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Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

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Why EQT Scores 84/100

exact factor attribution · 2026-09-11

EQT's composite is driven by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.5 pts

93th pct

Profitability

+6.2 pts

91th pct

Free cash flow

+6.1 pts

91th pct

Scale

+5.4 pts

86th pct

Capital efficiency

+2.6 pts

76th pct

Earnings growth

+2.5 pts

100th pct

Institutional flow

+1.2 pts

74th pct

Shareholder dilution

+0.8 pts

67th pct

Earnings quality

+0.3 pts

53th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

EQT Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for EQT Corp (EQT), a Energy sector company. 13F Pro's AI-powered ranking engine scores EQT at 83.7/100 on a 32-signal composite quality model, placing it at rank #11 of 2,961 stocks — the top 1% of the AI-ranked universe. EQT scores in the top quartile across revenue growth (92.6), profitability (91.4), free cash flow (90.5). Based on the latest XBRL financial filings (Q2 2026), EQT Corp reports quarterly revenue of $1.8B, net income of $211.4M, free cash flow of $397.8M. Top institutional holders of EQT by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. EQT trades on the NYSE exchange and files with the SEC under CIK 33213. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EQT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EQT Corp directly from SEC EDGAR. EQT Corp's 13F Pro composite quality score has ranged between 27 and 84 since 2021, currently 83.7 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

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Fun facts about EQT Corp

Quirks, history, and lore behind EQT — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. energy company · large-cap · listed on the NYSE · headquartered in Pennsylvania.
2
The Numbers
One of the largest natural gas producers in the United States, with annual revenue in the multi-billion dollar range and operations spanning millions of acres of Appalachian basin acreage.
3
The History
Traces its roots back to the late 1800s in Pennsylvania, where natural gas was practically seeping out of the ground — the company has been drilling in Appalachia longer than most of its rivals have existed.
4
The Secret
It transformed itself into a pure-play natural gas company through a massive strategic pivot, shedding midstream and other assets to focus almost entirely on upstream Appalachian production.
5
The Lore
The company became the largest natural gas producer in the U.S. after acquiring Equitrans Midstream, bringing its pipeline business back under one roof in a dramatic corporate reunion.
6
The Giveaway
Its ticker is also a chemistry shorthand, its home is the Marcellus and Utica shales, and its name literally starts with the word "Equit-" — as in equity in the ground beneath Pittsburgh.

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What's Driving EQT's Business? Latest 10-Q Breakdown

✓ 27/27 datapoints verified

AI-extracted from EQT Corp's 10-Q filed 2026-07-22 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue fell 29% YoY to $1.81B as derivative losses and lower natural gas prices offset production growth from Olympus acquisition.

Biggest Revenue Drivers

Sales of natural gas, NGLs and oil$1.61B-5% YoY

Lower average realized price ($2.54/Mcfe vs. $2.99/Mcfe) offset by 11.7% volume growth from Olympus Energy Acquisition and well optimization.

Pipeline and other$155M+13% YoY

Higher gathering and transmission firm reservation fees, partly offset by intersegment eliminations.

Biggest Revenue Drivers

Total revenue: $1.81B-29% YoY

Sales of natural gas, NGLs and oil$1.61B-5% YoY

Lower average realized price ($2.54/Mcfe vs. $2.99/Mcfe) offset by 11.7% volume growth from Olympus Energy Acquisition and well optimization.

Pipeline and other$155M+13% YoY

Higher gathering and transmission firm reservation fees, partly offset by intersegment eliminations.

Gain (loss) on derivatives$45M-94% YoY

Gain from fair value increases in NYMEX swaps and options from lower forward prices, compared to $720M gain in prior year.

Largest Expense Items

Depreciation, depletion and amortization$690M+11% YoY

Higher production volumes and depreciable asset base from acquisitions.

Transportation and processing$385M-1% YoY

Gathering and transmission costs increased but offset by lower processing expenses.

Selling, general and administrative$106M+30% YoY

Higher long-term incentive compensation costs and professional services.

Interest expense, net$75M-29% YoY

Debt redemptions and repurchases since Q2 2025 reduced interest obligations.

Margins: Operating margin compressed to 22% from 44% YoY due to derivative losses and lower commodity prices, though operating income remained positive at $394M. Depreciation depletion grew faster than revenue due to production growth and asset base expansion.

Watch Items from the Filing

Derivative loss of $194M in H1 2026 vs. gain of $41M prior year reflects mark-to-market volatility; basis hedges alone cost $157M, showing increased cash settlement pressures.
MVP Joint Venture capital commitments: $370–$430M for MVP Southgate and $400–$540M for MVP Boost; Company issued $38.2M performance guarantee for Southgate in April 2026.
Natural gas price NYMEX fell to $2.89/MMBtu in Q2 2026 from $3.43/MMBtu YoY; company implemented strategic curtailments and guided to continued commodity volatility.
Debt reduced by $2.1B in H1 2026 through redemptions and repurchases; leverage improving but company maintains covenant to keep total debt/capitalization below 65%.
Blackline Midstream Acquisition completed July 21, 2026 for ~$77M (LPG storage in NH and RI); funded with revolving credit facility borrowings, expanding into adjacent midstream.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.8B

Net Income

Q2 2026

$211.4M

Free Cash Flow

Q2 2026

$397.8M

ROIC

Q2 2026

5.1%

D/E Ratio

Q2 2026

0.23

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+63.9% YoY

$8.64BFY 2025

FY22 $7.50BFY23 $6.91BFY24 $5.27BFY25 $8.64B

Net Income

+784.4% YoY

$2.04BFY 2025

FY22 $1.77BFY23 $1.74BFY24 $230.6MFY25 $2.04B

Operating Income

+374.2% YoY

$3.25BFY 2025

FY22 $2.72BFY23 $2.31BFY24 $685.3MFY25 $3.25B

EPS (Diluted)

+635.6% YoY

$3.31FY 2025

FY22 $4.38FY23 $4.22FY24 $0.45FY25 $3.31

Total Assets

+4.9% YoY

$41.79BFY 2025

FY22 $22.67BFY23 $25.29BFY24 $39.83BFY25 $41.79B

Total Debt

-13.9% YoY

$8.31BFY 2025

FY22 $6.10BFY23 $6.09BFY24 $9.64BFY25 $8.31B

Op. Cash Flow

+81.3% YoY

$5.13BFY 2025

FY22 $3.47BFY23 $3.18BFY24 $2.83BFY25 $5.13B

Free Cash Flow

+395.0% YoY

$2.84BFY 2025

FY22 $2.07BFY23 $1.16BFY24 $573.3MFY25 $2.84B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$8.64B +63.9%	$5.27B -23.7%	$6.91B -7.9%	$7.50B +144.6%	$3.06B +0.2%	$3.06B
Net Income	$2.04B +784.4%	$230.6M -86.7%	$1.74B -2.0%	$1.77B +255.0%	$-1.14B -19.2%	$-958.8M
Operating Income	$3.25B +374.2%	$685.3M -70.4%	$2.31B -14.8%	$2.72B +299.7%	$-1.36B -55.1%	$-877.7M
EPS (Diluted)	$3.31 +635.6%	$0.45 -89.3%	$4.22 -3.7%	$4.38 +223.7%	$-3.54 +3.8%	$-3.68
Total Assets	$41.79B +4.9%	$39.83B +57.5%	$25.29B +11.5%	$22.67B +4.9%	$21.61B +19.3%	$18.11B
Total Debt	$8.31B -13.9%	$9.64B +58.4%	$6.09B -0.2%	$6.10B -8.3%	$6.65B +27.8%	$5.20B
Operating Cash Flow	$5.13B +81.3%	$2.83B -11.1%	$3.18B -8.3%	$3.47B +108.5%	$1.66B +8.1%	$1.54B
Free Cash Flow	$2.84B +395.0%	$573.3M -50.6%	$1.16B -43.8%	$2.07B +240.0%	$607.3M +22.6%	$495.5M

AI Insight: EQT Financial Trends

Revenue and profitability collapsed in Q2 2026 after exceptional Q1 2026 spike, while debt has halved from peak.

• Q1 2026 revenue surged to $3,379M with $1,487M net income and $3,055M operating cash flow — highest in dataset.

• Q2 2026 revenue dropped 46% to $1,810M; net income fell 86% to $211M from prior quarter.

• Total debt declined from $14,194M in Q3 2024 to $5,771M in Q2 2026 — 59% reduction over 9 quarters.

• Operating margin fell from 60.3% in Q1 2026 to 21.8% in Q2 2026.

⚠ Q1 2026 appears anomalously strong; Q2 2026 weakness suggests either seasonality or project-driven volatility.

⚠ Operating cash flow remains solid ($1,048M Q2 2026) despite profitability cliff — monitor for working capital distortions.

AI Insight: EQT Ratio Trends

EQT's profitability collapsed in Q2 2026, with operating margin plummeting from 60.3% to 21.8% and ROIC halving to 5.1%, reversing a strong Q1.

• Operating margin spiked to 60.3% in Q1 2026 before crashing to 21.8% in Q2 2026—largest quarterly swing in dataset.

• ROIC deteriorated from 25.8% (Q1 2026) to 5.1% (Q2 2026), erasing gains and falling below TTM average of 13.1%.

• Leverage improved to 0.23 D/E by Q2 2026, down from 0.70 in Q3 2024, strengthening balance sheet fundamentals.

⚠ Q2 2026 profitability collapse signals volatility; monitor whether Q1 was anomalous or Q2 reflects structural weakness.

⚠ TTM metrics (42.5% OpMargin, 13.1% ROIC) mask severe Q2 underperformance; trend sustainability unclear given quarterly swings.

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Available Research

13F Pro tracks comprehensive data for EQT Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of EQT

BlackRock, Inc.
$3.2B60,261,896 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.2B40,864,324 sh
STATE STREET CORP
$2.1B39,679,249 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.7B32,757,657 sh
MORGAN STANLEY
$1.3B24,345,547 sh
WELLINGTON MANAGEMENT GROUP LLP
$1.2B22,565,479 sh
JPMORGAN CHASE & CO
$1.1B20,541,701 sh
GEODE CAPITAL MANAGEMENT, LLC
$901.9M17,026,838 sh
Orbis Allan Gray Ltd
$835.1M15,706,047 sh
EAGLE CAPITAL MANAGEMENT LLC
$816.5M15,356,952 sh

Fund	Value	Shares
BlackRock, Inc.	$3.2B	60,261,896
VANGUARD CAPITAL MANAGEMENT LLC	$2.2B	40,864,324
STATE STREET CORP	$2.1B	39,679,249
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.7B	32,757,657
MORGAN STANLEY	$1.3B	24,345,547
WELLINGTON MANAGEMENT GROUP LLP	$1.2B	22,565,479
JPMORGAN CHASE & CO	$1.1B	20,541,701
GEODE CAPITAL MANAGEMENT, LLC	$901.9M	17,026,838
Orbis Allan Gray Ltd	$835.1M	15,706,047
EAGLE CAPITAL MANAGEMENT LLC	$816.5M	15,356,952

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Is EQT a good stock to buy?

13F Pro's AI-powered analysis of EQT Corp (EQT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for EQT are available on the EQT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. EQT is classified as a large company.

Which hedge funds own EQT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling EQT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of EQT Corp's investment landscape.