EQT Corporation
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Toby Z. Rice
- Full Time Employees
- 1,523
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 2200 Energy Drive Canonsburg PA United States 15317
- IPO Date
- Jun 5, 1950
- CIK
- 0000033213
- Website
- eqt.com
- Similar Companies
- Business
- EQT Corporation (NYSE: EQT) operates as America's largest natural gas producer and the only large-scale vertically integrated natural gas company, focusing on exploration, production, gathering, processing, and transmission primarily in the Appalachian Basin across Pennsylvania, West Virginia, and Ohio. The company produces and sells natural gas and natural gas liquids (NGLs), including ethane, propane, and butane, to utilities, power generators, industrial users, marketers, and LNG export facilities; it also offers marketing services, pipeline capacity management, and risk management through hedging activities. Founded in 1888 and headquartered in Pittsburgh, Pennsylvania, EQT targets major U.S. markets with its world-class Marcellus and Utica shale assets, employing advanced horizontal drilling and hydraulic fracturing technologies to deliver affordable, reliable, low-emission energy while achieving net-zero Scope 1 and Scope 2 greenhouse gas emissions ahead of its 2025 goal. In recent developments, EQT completed its $5.45 billion all-stock acquisition of Equitrans Midstream Corporation in July 2024, reintegrating midstream operations such as the Mountain Valley Pipeline to enhance economics across approximately 4,000 drilling locations and capture over $425 million in annual synergies; the company also announced a $3.5 billion midstream joint venture with Blackstone Credit & Insurance in late 2024, encompassing stakes in the Mountain Valley Pipeline, Hammerhead Pipeline, and other assets, and executed a $1.8 billion acquisition in 2025 to expand production capacity toward 6.3 Bcfe/d sales volumes. These strategic moves consolidate EQT's position in the energy sector, supporting robust free cash flow generation at a low breakeven price of approximately $2.00 per MMBtu and positioning it to meet rising domestic and global natural gas demand.
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