EQT Corp(EQT)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #18 of 2,879 stocksTOP 1%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
EQT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for EQT Corp (EQT), a Energy sector company. 13F Pro's AI-powered ranking engine scores EQT at 83.3/100 on a 32-signal composite quality model, placing it at rank #18 of 2,879 stocks — the top 1% of the AI-ranked universe. EQT scores in the top quartile across free cash flow (92.6), profitability (91.9), revenue growth (90.1). Areas of concern include institutional flow (17.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), EQT Corp reports quarterly revenue of $3.4B, net income of $1.5B, an operating margin of 60.3%. 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 8 and 91 since 2021, currently 83.3 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving EQT's Business? Latest 10-Q Breakdown
✓ 31/31 datapoints verifiedAI-extracted from EQT Corp's 10-Q filed 2026-04-22 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
EQT's Q1 2026 net income surged to $1,487M ($2.36/diluted share) from $242M ($0.40/diluted share) YoY, driven by higher natural gas prices and lower derivative losses despite $1.7B debt repayment.
Biggest Revenue Drivers
Total revenue: $3,379M+94% YoY
Higher average realized prices (+$1.31/Mcfe) and increased volumes from Olympus Energy Acquisition; partially offset by lower derivative losses.
Firm reservation fees declined from rate reductions; volumetric-based fees increased from Olympus acquisition assets.
Higher firm reservation fees and volumetric-based fees from increased capacity and short-term winter rates.
Largest Expense Items
Higher volumes drove absolute increase; lower per-unit depletion rate partially offset by production volume growth.
Higher gathering volumes and transmission capacity, including MVP Mainline short-term capacity charges of ~$12M.
Olympus Energy Acquisition costs and higher water handling and winter maintenance expenses.
Higher severance taxes driven by increased volumes and higher sales prices.
Margins: Operating income margins expanded significantly, with operating income of $2,036M (+310% YoY) as higher commodity prices and settled derivative gains outpaced cost increases. The filing notes derivative losses of $238M in Q1 2026 vs. $679M in Q1 2025, reflecting lower mark-to-market volatility.
Watch Items from the Filing
- Strategic curtailments of 10–15 Bcfe planned for Q2 2026 due to commodity price volatility; guidance subject to market conditions and may impact quarterly revenue and volumes.
- MVP Southgate construction approved by FERC (March 23, 2026), estimated cost $370–430M; MVP Boost FERC authorization pending. Company issued $38.2M performance guarantee for Southgate in April 2026.
- Debt reduction: $1.7B principal repaid/redeemed in Q1 2026. Senior notes fair value $5.9B vs. carrying value $5.7B; total debt/capitalization covenant at 65% threshold.
- Rager Mountain storage facility incident: PHMSA issued civil penalty of $467K (April 21, 2026); Pennsylvania criminal charges (4 misdemeanors) remain pending, carrying potential fines >$300K.
- Olympus Energy Acquisition (closed July 1, 2025) contributed ~48 Bcfe to Q1 2026 volumes; MVP A/C interest acquisitions (March 30, 2026) increased ownership to 53.2% in both series, total consideration $214M.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$3.4B
Net Income
Q1 2026
$1.5B
Free Cash Flow
Q1 2026
$2.5B
Operating Margin
Q1 2026
60.3%
ROIC
Q1 2026
6.5%
D/E Ratio
Q1 2026
0.26
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+63.9% YoYNet Income
+784.4% YoYOperating Income
+374.2% YoYEPS (Diluted)
+635.6% YoYTotal Assets
+4.9% YoYTotal Debt
-13.9% YoYOp. Cash Flow
+81.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $8.64B +63.9% | $5.27B -23.7% | $6.91B -7.9% | $7.50B +142.6% | $3.09B +122.8% | $1.39B |
| Net Income | $2.04B +784.4% | $230.6M -86.7% | $1.74B -2.0% | $1.77B +17.4% | $1.51B +433.0% | $-453.0M |
| Operating Income | $3.25B +374.2% | $685.3M -70.4% | $2.31B -14.8% | $2.72B +611.1% | $382.2M +150.6% | $-755.0M |
| EPS (Diluted) | $3.31 +635.6% | $0.45 -89.3% | $4.22 -3.7% | $4.38 -45.5% | $8.04 +396.7% | $-2.71 |
| Total Assets | $41.79B +4.9% | $39.83B +57.5% | $25.29B +11.5% | $22.67B -23.2% | $29.52B +90.8% | $15.47B |
| Total Debt | $8.31B -13.9% | $9.64B +58.4% | $6.09B -0.2% | $6.10B +29.4% | $4.71B +42.9% | $3.30B |
| Operating Cash Flow | $5.13B +81.3% | $2.83B -11.1% | $3.18B -8.3% | $3.47B +111.6% | $1.64B +53.9% | $1.06B |
AI Insight: EQT Ratio Trends
Q1 2026 delivers EQT's strongest profitability in the visible dataset, with operating margin hitting 60.3% and ROIC surging to 25.8%.
• Operating margin expanded sharply from 42.5% in Q4 2025 to 60.3% in Q1 2026, the highest level in the dataset.
• ROIC jumped from 12.7% in Q4 2025 to 25.8% in Q1 2026, signaling meaningfully improved capital efficiency.
• Leverage has fallen steadily — D/E declined from 0.70 in Q3 2024 to 0.26 in Q1 2026, strengthening the balance sheet.
• Net profit margin reached 44.0% in Q1 2026, up from 28.3% in Q4 2025 and well above the near-zero Q2 2024 level.
⚠ Profitability is highly seasonal — Q3 2024 posted -21.9% operating margin and Q1 2025 was just 28.5%; Q1 2026 strength may not persist.
⚠ ROE of 23.7% in Q1 2026 is annualized from one quarter; sustained delivery across full-year periods remains unproven in this dataset.
Get alerted when EQT's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for EQT Corp including:
Top Institutional Holders of EQT
BlackRock, Inc.
$3.9B60,978,407 shVANGUARD CAPITAL MANAGEMENT LLC
$2.6B40,566,287 shSTATE STREET CORP
$2.4B38,280,933 shVANGUARD PORTFOLIO MANAGEMENT LLC
$2.0B31,968,126 shMORGAN STANLEY
$1.8B28,450,551 shGEODE CAPITAL MANAGEMENT, LLC
$1.1B16,753,979 shWELLINGTON MANAGEMENT GROUP LLP
$1.0B15,962,193 shOrbis Allan Gray Ltd
$770.9M12,112,733 shDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt
$722.0M11,345,214 shBank of New York Mellon Corp
$572.5M8,995,303 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $3.9B | 60,978,407 |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.6B | 40,566,287 |
| STATE STREET CORP | $2.4B | 38,280,933 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.0B | 31,968,126 |
| MORGAN STANLEY | $1.8B | 28,450,551 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.1B | 16,753,979 |
| WELLINGTON MANAGEMENT GROUP LLP | $1.0B | 15,962,193 |
| Orbis Allan Gray Ltd | $770.9M | 12,112,733 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt | $722.0M | 11,345,214 |
| Bank of New York Mellon Corp | $572.5M | 8,995,303 |
More Energy Companies
View all Energy →Put EQT on your watchlist
Track score changes the day EQT Corp files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
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.
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.