EQT Corporation (EQT) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of EQT Corporation stock $57.77, price $50.62, upside +14.1%, quality 53 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $15.08 – $67.53 · fair‑value band $40.45 – $75.10 · the $50.62 price screens below the $57.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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EQT Corporation engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. The company sells natural gas, natural gas liquids, and oil to marketers, utilities, and industrial customers located in the Appalachian Basin.
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It also provides marketing services and contractual pipeline capacity management services, as well as engages in risk management and hedging activities. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009.
EQT Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.
Stock analysis
EQT Corporation (EQT) currently trades at $50.62, while our model-based Fair Value estimate is $57.77, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $66.36 per share, and 8 of the 26 models we run sit above the $50.62 price.
Bear case: the Dividend Discount group reads lowest at $10.82, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $40.45 (bear) to $75.10 (bull), the price of $50.62 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
EQT Corporation reported revenue of $9.1B in FY2025 versus $6.8B in FY2021, a compound +7.3%/yr. Reported net income was $2.0B in FY2025.
Key figures
Market cap $31.7B Large · P/E ratio 12.0 · P/S ratio 3.46 · EPS (TTM) $4.22 · Dividend yield 1.3% · Net margin 29.0% · Return on equity 10.5% · Return on assets (EBIT) 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 14%, EQT screens cheaper than that median.
Fair Value models
Bear$40.45Fair Value $57.77Bull$75.10
Price $50.62 · Upside +14.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($3.03 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $15.0M and none bought.
SaleToby Z. RicePRESIDENT & CEO, Director2× since Jun 5, 2026: 274,042 shares, avg. $54.75$15.0MAug 14, 202610b5-1 plan
SaleVicky A BaileyDirector4,116 shares at $59.80$246,137Apr 27, 2026
SaleSarah FentonEVP UPSTREAM2× since Feb 20, 2026: 8,644 shares, avg. $62.69$541,927Mar 16, 2026
SaleJ.E.B. BolenEVP OPERATIONS7,634 shares at $64.35$491,248Mar 12, 2026
SaleLesley EvanchoCHIEF HUMAN RESOURCES OFFICER20,000 shares at $60.69$1.2MMar 3, 2026
SaleJeremy KnopCHIEF FINANCIAL OFFICER20,000 shares at $61.65$1.2MFeb 27, 2026
SaleTodd JamesCHIEF ACCOUNTING OFFICER32,514 shares at $61.12$2.0MFeb 23, 2026
SaleWilliam E. JordanCHIEF LEGAL & POLICY OFFICER57,500 shares at $60.63$3.5MNov 11, 2025
Plus 3 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+73.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−9.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.8%
Start year 2020 (pandemic). Over 10 years: +16.6% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−7.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.6%
Dividend (yield on the price)1.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−33% → 35%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+20.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −2.7% a year for the price and +17.2% for the forecasts.
AI conclusion: Vertical integration through LNG trading and acquisitions offers potential to capture higher overseas prices, while the underlying commoditized E&P operations remain limited by weak pricing power and few durable advantages.
Main risk: Tighter methane or decarbonization regulations could increase compliance and operating costs for Appalachian gas production and limit output volumes.
Bull case: EQT could use its low-cost integrated model and new power-linked contracts to maintain volumes and margins while meeting regulatory standards through efficiency gains.
Bear case: Heightened regulations could force production cuts or higher expenses in the core Appalachian assets, eroding the advantages from contracted demand and scale.
EQT is leasing two LNG tankers to start trading cargoes next year and expand into global markets right after acquiring Range Resources. The combined moves create a larger vertically integrated producer with direct access to higher overseas prices. Will the added trading and shipping capabilities capture more value from international arbitrage than the operational complexities they introduce?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 238 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+14.1% · Above median
Profitability
Return on equity (12 months)10.5% · Above median
Return on assets4.9% · Above median
Net margin (12 months)29.0% · Top 25%
Operating margin (12 months)28.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−8.1% · Bottom 25%
Dividend yield (12 months)1.3% · Bottom 25%
Balance sheet
Debt / equity0.31× · Below median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (12 months)12.0× · Cheaper than median
P/B1.33× · Cheaper than median
P/S (12 months)3.46× · Pricier than median
Price / free cash flow (fiscal year)11.2× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "EQT Corporation Fair Value". https://www.fairvalue-calculator.com/stock/EQT
Frequently asked questions
Is EQT Corporation (EQT) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $57.77 versus a price of $50.62, about +14% upside (undervalued).
What is the fair value of EQT?
Our model-based fair value for EQT Corporation is $57.77 (as of Nov 6, 2026), built from audited fundamentals. The current price: $50.62.
What is the quality score of EQT?
EQT Corporation has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for EQT Corporation (EQT)?
Our model-based price target is the fair value of $57.77 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario $40.45, optimistic scenario $75.10. It is a calculation from audited fundamentals, not an analyst target.
What is the EQT Corporation stock forecast for 2026?
Our models put fair value at $57.77, about +14% upside versus a price of $50.62 (undervalued). Cautious scenario $40.45, optimistic scenario $75.10. The calculation is refreshed regularly with new filings.
What is the revenue of EQT Corporation (EQT)?
EQT Corporation reported trailing-twelve-month revenue of about $9.1B (latest available figure, as of Nov 6, 2026).
Does EQT Corporation pay a dividend?
EQT Corporation currently shows a dividend yield of 1.30% relative to its recent price (as of Nov 6, 2026).
What growth is priced into EQT Corporation (EQT)?
For today's price to be fair in a discounted-cash-flow model, EQT Corporation would have to grow free cash flow by -0.4 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of EQT use?
Our models discount EQT Corporation at 8.4 %: a base by market capitalisation (large), damped by beta 0.65, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EQT Corporation that is -0.4 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has EQT Corporation (EQT) delivered so far?
Over the past 5 years revenue at EQT Corporation grew +27.8 % a year. The price currently implies -0.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EQT Corporation (EQT) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into EQT Corporation (-0.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EQT Corporation (EQT)?
The free-cash-flow yield on the price is 8.96 %: that much free cash flow EQT Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EQT Corporation (EQT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EQT Corporation it is $57.77 per share (as of Nov 6, 2026), against a price of $50.62. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is EQT Corporation stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EQT trades below its calculated fair value: price $50.62, fair value $57.77, a gap of about +14% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EQT?
No. The price is what the market pays today ($50.62); the fair value is what the company's own numbers justify ($57.77). For EQT Corporation the two are $7.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is EQT Corporation worth?
The market values EQT Corporation at about $31.7B (market capitalisation, as of Nov 6, 2026). Per share that is $50.62; our models calculate a fair value of $57.77 per share.
What do the bullish and bearish scenarios say about EQT?
Our models span a range for EQT Corporation: cautious scenario $40.45, base $57.77, optimistic $75.10 per share (as of Nov 6, 2026, price $50.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EQT?
EQT Corporation trades at a price-to-earnings ratio of 12.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $57.77 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 16.6 (reported for FY2025: 15.5). Other multiples: PEG 1.4, P/B 1.3, P/S 3.5, EV/EBITDA 5.7.
What is the PEG ratio of EQT?
The PEG ratio of EQT Corporation is 1.39 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of EQT Corporation (EQT)?
Balance-sheet figures for EQT Corporation (as of Nov 6, 2026): return on equity 10.5%, debt of 0.31 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is EQT from its 52-week high?
EQT Corporation trades at $50.62, about 25% below its 52-week high of $67.53 and 4% above the low of $48.56 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $57.77 is for.
Which stocks are comparable to EQT Corporation?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EQT Corporation stock attractive at the current price?
The data as of Nov 6, 2026: price $50.62, calculated fair value $57.77 (+14%), Quality Score 53/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EQT calculated?
We run EQT Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $57.77, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.4% above its aggregate fair value. EQT Corporation currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EQT Corporation (EQT)?
The closing price on Nov 5, 2026 was $50.62. Our model-based fair value is $57.77, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EQT Corporation right now?
A fairly wide model range ($40.45 to $75.10) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of EQT Corporation (EQT) come from?
Earnings per share at EQT Corporation grew +5.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.9 %, EBIT margin −0.1 %, tax rate +3.0 %, residual (interest, one-offs) +4.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of EQT Corporation
How large is the market capitalisation of EQT Corporation (EQT)?
The market capitalisation of EQT Corporation is $31.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EQT Corporation (EQT)?
The price-to-sales ratio of EQT Corporation is 3.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EQT Corporation (EQT)?
Earnings per share at EQT Corporation are $4.22 (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EQT Corporation (EQT)?
The dividend yield of EQT Corporation is 1.3% (payout 16.7%, on adjusted earnings, reported 15.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EQT Corporation (EQT)?
The net margin of EQT Corporation is 29.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EQT Corporation (EQT)?
The return on equity (ROE) of EQT Corporation is 10.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EQT Corporation (EQT)?
On an EBIT basis the return on assets of EQT Corporation is 4.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EQT Corporation (EQT)?
The operating margin of EQT Corporation is 28.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EQT Corporation (EQT)?
Revenue at EQT Corporation is growing −8.1% versus a year earlier (3y avg −9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EQT Corporation (EQT)?
Earnings per share at EQT Corporation are growing −17.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EQT Corporation (EQT) carry?
The net debt of EQT Corporation is $7.7B (fiscal year 2025, ≈ 2.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026