Why is EQT up?
Up 188% over five years while the S&P 500 rose 76%; up 7% in the past year.
“Volumetric-based fee revenue increased for 2025 compared to 2024 due primarily to the timing of the completion of the Equitrans Midstream Merger”
EQT's Quality Score rose 2 points on Mon, Nov 2, to 14.
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Up 188% over five years while the S&P 500 rose 76%; up 7% in the past year.
“Volumetric-based fee revenue increased for 2025 compared to 2024 due primarily to the timing of the completion of the Equitrans Midstream Merger”
| The company | Sales up 32% on the year |
| Latest filing | 8-K, Oct 27 |
Mon Oct 26EQT to acquire Range Resources in $50 billion deal to create largest US natural gas producer
EQT to acquire Range Resources in $50B all-stock deal
EQT closed −1.4% that day on 3.8x normal volume.
Wed Nov 4: Ex-dividend, $0.17 a shareAt the open. Pays Dec 1.
After its last 4 reports it closed +3.2% on average, higher 3 of 4 times.
Above Averagefor quality, not price, 2 of 14 chart checks firingWhat the Quality Score means
EQT is #5 of 88 by Quality Score.
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Share count against a year before: EQT +4.5%, RRC -1.4%, EXE +0.1%, CRK +0.3%.
Expected to report Tue Feb 23, after the close (in 113 days). Expected.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
“Capital Expenditures : $638 million, 10 % below the low-end of guidance, driven by lower-than-expected upstream and midstream spending and continued benefit from operational efficiency gains”
EQT's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Total sales volume | 550 – 600 Bcfe |
“Operating Costs : Total per unit operating costs of $1.09 per Mcfe, at the low end of guidance driven by lower-than-expected LOE and production tax”
From its results filing (SEC filing · Oct 27)
Sales grew 23% a year over 5 years, fiscal 2020 to 2025.
Pays $0.68 a share a year.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Oct 27, 2026 | +0.8% | -0.1% | open |
| Jul 21, 2026 | +2.6% | +8.4% | +3.7% |
| Apr 21, 2026 | +2.3% | +3.0% | +4.3% |
Sales grew in three of the last seven years, to $8.6B in 2025. It made a profit in four of the eight years.
Its dividends come to 11% of its free cash flow.
| Dividend | $0.68 a share a year |
| Paid out | About $428M a year |
| Free cash flow | $3.8B |
| Record | Raised in the last year |
23 trades disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: EQT is 0.1% of VYM, under 0.1% of SPYI, and under 0.1% of IVV, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Jul 31, 2026.
EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments: production, gathering, and transmission, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus and through the sale of natural gas.
“Other natural gas producers compete with us in the acquisition of properties; the search for, and development of, reserves; the production and sale of natural gas and NGLs; and the securing of services, labor, equipment and transportation required to conduct operations.”
EQT scores 14 today, which Breakaway calls Above Average. It is #5 of 88 in Oil & Gas by Quality Score, with 2 of 14 chart checks firing. Up 188% over five years while the S&P 500 rose 76%; up 7% in the past year. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
EQT scores 14 today, which Breakaway calls Above Average (11 to 14). That is #5 of 88 in Oil & Gas by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind EQT's 14.
Expected to report Tue Feb 23, after the close, a date Breakaway expects from the company's usual timing; the company has not confirmed it. EQT closed higher after 3 of its last 4 reports. Past behavior, not a forecast.
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