EQT CorporationNYSE: EQT
Energy · Oil & Gas Exploration & Production
$50.80
-0.66%
Vol: 6.7M
Research Digest
Thursday, June 18, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21EQT Corp delivers blowout Q1 with 94% revenue growth; Citi and Barclays reiterate BuyPositive▶
EQT posted Q1 2026 revenue of $3.38B (+94.2% YoY), beating expectations by $206M, with GAAP EPS of $2.36 and $1.8B in free cash flow (above $1.7B consensus). Citi raised PT to $70 from $66 on May 4, and Barclays maintained Buy on May 19. The company declared a $0.165 quarterly dividend with an ex-date of May 6. Stock is at $57.90 as of May 20 with Wall Street consensus PT of $69.89.
May 20No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 19EU selected EQT (Swedish PE parent) to manage new €5B Scaleup Europe Fund on May 18, though impact on U.S.-listed EQT Corp is indirect.Mixed▶
On May 18, 2026, the European Commission selected EQT - the Swedish private equity firm distinct from but often conflated with U.S.-listed EQT Corp - to manage the €5 billion ($5.8B) Scaleup Europe Fund focused on quantum computing, AI, and deep tech. While this is not direct EQT Corp news, the search results conflate the two entities. EQT Corp's recent Q1 (May 13) showed revenue of $3.38B (up 94% YoY) and GAAP EPS of $2.36, with Citi upgrading to Buy. Bear case: natural gas price normalization and absence of hedging protection could pressure cash flow if prices fall.
May 18EQT shares trade near $56 following Citi Buy upgrade and Q1 free cash flow beat, with analyst fair value raised to $70.48.Positive▶
EQT Corporation's fair value model was reset upward from $65.96 to $70.48, placing the stock near the upper end of recent analyst price target ranges, as 19 analysts maintain a Buy consensus as of May 13, 2026. The company's recent Q1 2026 results delivered revenue of $3.38 billion (up 94.2% YoY, beating estimates by $206 million) and GAAP EPS of $2.36, with $1.8 billion in free cash flow above PitchBook consensus and $1.8 billion of debt retired. Citi analysts assigned a Buy rating citing strong operational execution. The stock closed at $56.22 on May 15. Investor focus remains on AI/data center-driven natural gas demand in the Northeast and mid-Atlantic, where lower local delivery costs could boost margins.
May 15EQT Corp posts blowout Q1 with revenue up 94% to $3.38B and record $1.8B FCF on May 13, prompting Citi upgrade to Buy and PT raise to $70.Positive▶
EQT Corp released Q1 2026 earnings on May 13, posting revenue of $3.38B (up 94.2% YoY), GAAP EPS of $2.36, net income of approximately $1.49B, and record free cash flow of $1.8B (above PitchBook consensus of $1.7B). Citi upgraded EQT to Buy citing strong operational execution and raised its price target to $70 from $66. EQT declared a $0.17 quarterly dividend with ex-date May 6. The 19-analyst consensus is now Buy/Strong Buy (37% Strong Buy, 42% Buy), with modeled fair value reset to $70.48. Northeast AI/data-center driven gas demand growth seen as a long-term tailwind given the company's low-cost local delivery position.
May 14EQT Corp posted Q1 2026 revenue of $3.38B (+94.2% YoY) with record $1.8B FCF and retired $1.8B debt; Citi upgraded to Buy and raised target to $70.Positive▶
EQT Corp released Q1 2026 earnings on May 13, 2026 showing revenue of $3.38B (+94.2% YoY, $206M above expectations) and GAAP EPS of $2.36. Record free cash flow of $1.8B funded the retirement of $1.8B in debt during the quarter. Citi upgraded EQT to Buy and raised the price target to $70 from $66, citing strong operational execution. The 19-analyst consensus is Buy with a $69.89 average price target. EQT declared a quarterly dividend of $0.17/share with ex-dividend date May 6, 2026. Call volume was above normal and directionally bullish on May 4. Modeled fair value reset from $65.96 to $70.48 with revisions tied to commodity price assumptions, gas marketing execution, and capital discipline. Stock recently traded around $56.54.
May 13EQT Corp reports record $1.8B Q1 free cash flow as Swedish namesake EQT AB tables $12.8B Intertek takeover bidPositive▶
EQT Corp posted a strong Q1 2026 with revenue of about $3.38 billion (up 5.3% versus consensus) and EPS of $2.33 versus the $2.14 forecast, generating record free cash flow of $1.8 billion above PitchBook consensus of $1.7 billion. For 2026, EQT guided to total sales of 2,275-2,375 Bcfe and total liquids of 20,000-21,200 Mbbl. Analyst views are mixed: JPMorgan and Mizuho lifted targets into the low $70s, with modeled fair value reset to about $70.48. Note: a separate firm called EQT AB (Swedish PE, different entity) launched a final $12.8 billion takeover bid for Intertek Group on May 12, with a May 14 deadline; this is being headline-conflated in some feeds but does not directly involve EQT Corp. EQT Corp went ex-dividend on May 6 for its $0.165 quarterly payout.
May 12EQT delivers record $1.8B Q1 free cash flow, retires $1.7B debt; Fitch upgrades to BBB and analysts hike PTs to $70-72Positive▶
EQT Corp reported Q1 2026 revenue of $3.38B and net income of $1.49B with EPS of $2.33 (vs $2.14 expected, 8.9% surprise), achieving record free cash flow of $1.8B. The company retired $1.7B in senior notes, improving leverage to below 1.0x net debt to EBITDA. Fitch upgraded EQT's credit rating to BBB highlighting strengthened financial health. Citi raised the price target to $70 from $66, JPMorgan to $72 from $68 (Overweight), Wells Fargo to $70 from $66 (Overweight), and TD Securities upgraded to Strong Buy. Modeled fair value reset from $65.96 to $70.48. Stock traded around $55.96 on May 8, up 12% over 30 days. EQT entered winter with little hedging protection, allowing it to fully capture strong winter natural gas prices.
May 11EQT beat Q1 2026 with $2.33 EPS, generated record $1.8B free cash flow, retired $1.7B in notes and earned Fitch upgrade as Citi raised PT to $70.Positive▶
EQT Corp delivered strong Q1 2026 results with EPS of $2.33 vs $2.14 consensus, and revenue of $3.38B beating expectations by 5.3%. Net income reached roughly $1.49 billion. The company achieved record Q1 free cash flow of $1.8 billion, retired $1.7 billion in senior notes, and improved its leverage ratio below 1.0x net debt to EBITDA. Fitch upgraded EQT's credit rating to BBB, reflecting strengthened balance sheet. Shares rose 3.11% in after-hours trading following the report, and Citi raised its price target to $70 from $66 on May 5. Supportive backdrop from rising natural gas futures and AI/data-center demand growth in the Northeast adds further tailwinds. Trading around $58.54 with bullish call volume above normal.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| COPCONOCOPHILLIPS | $107.75 | -3.11% | -11.9% | 11.7x | 0.11 | $131.3B |
| EOGEOG | $130.14 | -2.33% | -8.2% | 8.8x | 0.26 | $69.2B |
| FANGDIAMONDBACK | $183.05 | -1.31% | -10.2% | 10.4x | 0.39 | $51.6B |
| OXYOCCIDENTAL | $51.64 | -2.64% | -12.0% | 12.8x | 0.12 | $51.5B |
| DVNDEVON | $42.17 | -0.96% | -13.1% | 7.8x | 0.42 | $48.6B |
| EQTEQT | $50.80 | -0.66% | -12.3% | 10.9x | 0.54 | $31.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.