Valued at a market cap of $34.9 billion, EQT Corporation (EQT) is a leading U.S. natural gas production company, headquartered in Pittsburgh, Pennsylvania. It is the largest producer of natural gas in the United States, primarily operating in the Appalachian Basin, with a strong focus on the Marcellus and Utica Shales in Pennsylvania, Ohio, and West Virginia.
The energy giant is scheduled to announce its fiscal 2025 Q2 earnings after the market closes on Tuesday, July 22. Ahead of this event, analysts expect this energy company to report a profit of $0.53 per share, up 762.5% from the loss of $0.08 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street's earnings estimates in each of the last four quarters.
For the current year, analysts expect EQT to report a profit of $3.56 per share, up 121.1% from $1.61 in fiscal 2024. Furthermore, its EPS is expected to grow 46.1% year over year to $5.20 in fiscal 2026.
Shares of EQT have soared 51.9% over the past 52 weeks, considerably outperforming both the S&P 500 Index's ($SPX) 13.2% rise, and the Energy Select Sector SPDR Fund’s (XLE) 6.3% decline over the same time frame.
On Apr. 22, EQT shares climbed over 1% following the release of its Q1 results. It delivered a strong performance, with production reaching 571 Bcfe and average realized prices climbing to $3.77/Mcfe, up from $3.22 a year earlier. Revenue came in at $2.24 billion, and adjusted EPS of $1.18 beat expectations. Operational costs remained low at $1.05/Mcfe, contributing to robust free cash flow of $1.04 billion and operating cash flow of $1.74 billion. The company also reduced net debt by $1 billion and raised its full-year production guidance while trimming capital expenditure forecasts.
In a strategic move, EQT announced a $1.8 billion acquisition of Olympus Energy’s upstream and midstream assets, reinforcing its dominance in the Appalachian Basin.
Wall Street analysts are moderately optimistic about EQT’s stock, with a "Moderate Buy" rating overall. Among 21 analysts covering the stock, 16 recommend "Strong Buy," one suggests a “Moderate Buy,” and four advise “Hold.” The mean price target for EQT is $61.90, indicating a nearly 11.1% potential upside from current levels.
