Financials EQT Corporation

Equities

EQT

US26884L1098

Oil & Gas Exploration and Production

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
40.61 USD +0.49% Intraday chart for EQT Corporation +10.80% +5.04%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,787 3,503 8,243 12,417 15,902 17,933 - -
Enterprise Value (EV) 1 8,075 8,410 13,614 16,637 21,616 17,933 27,683 25,963
P/E ratio -2.28 x -3.43 x -6.09 x 7.72 x 9.16 x 38.7 x 11.5 x 9.29 x
Yield 1.1% 0.24% 0.57% 1.63% 1.58% 1.62% 1.58% 2.04%
Capitalization / Revenue 0.63 x 1.15 x 2.69 x 1.66 x 2.3 x 3.23 x 2.22 x 2.01 x
EV / Revenue 0.63 x 1.15 x 2.69 x 1.66 x 2.3 x 3.23 x 2.22 x 2.01 x
EV / EBITDA 1.34 x 2.26 x 3.54 x 3.53 x 5.31 x 5.98 x 3.18 x 2.89 x
EV / FCF 11.2 x 7.07 x 8.82 x 6.4 x 18.1 x 35.5 x 7.07 x 6.02 x
FCF Yield 8.94% 14.1% 11.3% 15.6% 5.52% 2.81% 14.1% 16.6%
Price to Book 0.28 x 0.38 x 0.82 x 1.11 x 1.1 x 1.07 x 1.37 x -
Nbr of stocks (in thousands) 255,643 275,599 377,949 367,046 411,332 441,592 - -
Reference price 2 10.90 12.71 21.81 33.83 38.66 40.61 40.61 40.61
Announcement Date 2/27/20 2/17/21 2/9/22 2/15/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,416 3,059 3,065 7,498 6,909 5,558 8,095 8,903
EBITDA 1 2,073 1,547 2,332 3,523 2,998 3,000 5,633 6,195
EBIT 1 407.1 113.5 573.7 1,857 1,265 595 3,371 4,698
Operating Margin 9.22% 3.71% 18.72% 24.76% 18.32% 10.7% 41.64% 52.77%
Earnings before Tax (EBT) 1 -1,597 -1,266 -1,589 2,335 2,103 365 2,523 3,749
Net income 1 -1,222 -967.2 -1,156 1,771 1,735 279 1,913 2,814
Net margin -27.66% -31.62% -37.71% 23.62% 25.12% 5.02% 23.64% 31.61%
EPS 2 -4.790 -3.710 -3.580 4.380 4.220 1.049 3.538 4.370
Free Cash Flow 1 249.2 495.5 934.7 1,939 878.5 504.8 2,535 2,981
FCF margin 5.64% 16.2% 30.5% 25.86% 12.72% 9.08% 31.32% 33.48%
FCF Conversion (EBITDA) 12.02% 32.04% 40.09% 55.05% 29.31% 16.82% 45% 48.12%
FCF Conversion (Net income) - - - 109.49% 50.63% 180.93% 132.5% 105.93%
Dividend per Share 2 0.1200 0.0300 0.1250 0.5500 0.6100 0.6560 0.6400 0.8267
Announcement Date 2/27/20 2/17/21 2/9/22 2/15/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,840 -579.1 2,528 2,069 3,480 2,661 1,019 1,186 2,043 1,412 1,108 1,350 1,688 2,292 1,805
EBITDA 1 766.4 927.1 943.2 973.6 678.7 1,278 360.1 519.6 839.6 1,012 530.8 648 823.8 1,515 1,209
EBIT 1 277.2 501.4 506.7 554.9 282.6 883.7 -36.13 72.63 337.7 525 -43 103 353 932.5 666.9
Operating Margin 7.22% -86.59% 20.05% 26.81% 8.12% 33.21% -3.55% 6.12% 16.53% 37.17% -3.88% 7.63% 20.91% 40.69% 36.96%
Earnings before Tax (EBT) 1 2,394 -1,980 1,202 839.7 2,273 1,576 -78.68 -46.12 652.4 127.4 -93.5 87 244 745.4 452.5
Net income 1 1,801 -1,516 891.4 683.7 1,712 1,219 -66.63 81.26 502.1 103.5 -71 13.67 136.7 577.1 355.4
Net margin 46.91% 261.79% 35.27% 33.04% 49.2% 45.79% -6.54% 6.85% 24.57% 7.33% -6.41% 1.01% 8.09% 25.18% 19.69%
EPS 2 4.690 -4.050 2.190 1.690 4.280 3.100 -0.1800 0.2000 1.130 0.2300 -0.1600 0.0333 0.3100 1.129 0.5801
Dividend per Share 2 - 0.1250 - - 0.1500 0.1500 0.1500 0.1500 0.1575 - 0.1575 0.1575 0.1575 0.1575 0.1575
Announcement Date 2/9/22 4/27/22 7/27/22 10/26/22 2/15/23 4/26/23 7/25/23 10/25/23 2/13/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 5,288 4,907 5,371 4,220 5,714 - 9,750 8,030
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 2.551 x 3.173 x 2.304 x 1.198 x 1.906 x - 1.731 x 1.296 x
Free Cash Flow 1 249 495 935 1,939 879 505 2,535 2,981
ROE (net income / shareholders' equity) 2.05% -0.53% 3.13% 12% 7.3% 2.95% 12.4% 13.9%
ROA (Net income/ Total Assets) 1.07% -0.27% 1.52% 5.7% 3.9% 1.56% 5.86% -
Assets 1 -113,720 351,940 -76,132 31,056 44,493 17,919 32,660 -
Book Value Per Share 2 38.40 33.30 26.60 30.60 35.20 38.00 29.70 -
Cash Flow per Share 2 7.180 5.370 6.280 8.280 6.760 6.150 8.270 9.180
Capex 1 1,602 1,042 1,104 1,440 1,925 2,237 2,363 2,389
Capex / Sales 36.28% 34.07% 36.03% 19.21% 27.87% 40.24% 29.2% 26.83%
Announcement Date 2/27/20 2/17/21 2/9/22 2/15/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
40.61 USD
Average target price
41.96 USD
Spread / Average Target
+3.31%
Consensus
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