EQT (NYSE:EQT) Posts Quarterly Earnings Results, Beats Estimates By $0.32 EPS

21 Apr 2026, 20:14 by Doug Wharley · The Cerbat Gem

EQT (NYSE:EQT – Get Free Report) posted its earnings results on Tuesday. The oil and gas producer reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32, Zacks reports. EQT had a return on equity of 7.25% and a net margin of 23.59%.The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm earned $1.18 EPS.

EQT Stock Performance

Shares of EQT stock traded down $0.07 on Tuesday, hitting $56.93. The company’s stock had a trading volume of 8,777,261 shares, compared to its average volume of 9,828,431. EQT has a fifty-two week low of $47.14 and a fifty-two week high of $68.24. The company has a market capitalization of $35.57 billion, a PE ratio of 17.20, a PEG ratio of 1.09 and a beta of 0.70. The stock’s 50 day moving average is $61.09 and its 200-day moving average is $57.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 6th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. EQT’s dividend payout ratio is 19.94%.

EQT News Roundup

Here are the key news stories impacting EQT this week:

Positive Sentiment: Q1 results materially beat expectations — revenue, EPS and margins all topped consensus, driven by higher realized gas prices and stronger sales volumes; this also generated record free cash flow and helped materially reduce net debt. EQT beats profit estimates
Positive Sentiment: Company-released Q1 metrics: production/sales volumes above guidance, realized gas ~$5.07/Mcf after hedges, operating costs below guidance, capex under plan and free cash flow of ~$1.83B — these operational beats support longer-term deleveraging and shareholder returns. EQT Reports First Quarter 2026 Results
Positive Sentiment: Analysts and models moving higher — multiple price-target increases and Zacks raising some near-term estimates (Zacks maintains a Strong-Buy), reinforcing upside expectations versus the current market price. Marketbeat / analyst notes
Neutral Sentiment: CEO commentary highlights structural demand for gas-fired power (up to 100 GW need cited), which frames long-term demand for natural gas but is less immediately market-moving than the earnings print. US Needs Up to 100 Gigawatts of New Power
Negative Sentiment: Company filed a $1.9B shelf registration tied to an ESOP, which raises potential future dilution and dividend/capital allocation questions for investors — this likely weighed on sentiment despite strong fundamentals. EQT ESOP Shelf Registration Raises Questions
Negative Sentiment: Insider selling activity was flagged in coverage (recent sales by several executives), which can create short-term investor concern even though the size and timing of insider trades vary. Q1 results & insider activity

Analyst Ratings Changes

EQT has been the subject of a number of research analyst reports. Truist Financial started coverage on shares of EQT in a research report on Tuesday, March 24th. They set a “buy” rating and a $74.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of EQT in a research report on Monday, December 29th. Stephens cut their target price on shares of EQT from $78.00 to $73.00 and set an “overweight” rating for the company in a research note on Tuesday. TD Cowen lifted their target price on shares of EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, TD Securities upgraded shares of EQT to a “strong-buy” rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.42.

View Our Latest Research Report on EQT

Insiders Place Their Bets

In other news, insider Lesley Evancho sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the transaction, the insider directly owned 184,607 shares of the company’s stock, valued at approximately $11,203,798.83. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of EQT stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $64.49, for a total transaction of $314,453.24. Following the completion of the sale, the executive vice president owned 52,953 shares of the company’s stock, valued at approximately $3,414,938.97. The trade was a 8.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,158 shares of company stock worth $3,742,983 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EQT

A number of large investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in EQT during the 3rd quarter worth $114,000. Caxton Associates LLP bought a new stake in shares of EQT during the 1st quarter valued at $256,000. Syon Capital LLC grew its holdings in shares of EQT by 19.1% during the 4th quarter. Syon Capital LLC now owns 5,096 shares of the oil and gas producer’s stock worth $273,000 after purchasing an additional 816 shares in the last quarter. Adalta Capital Management LLC grew its holdings in shares of EQT by 71.2% during the 3rd quarter. Adalta Capital Management LLC now owns 11,300 shares of the oil and gas producer’s stock worth $615,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of EQT by 9.0% in the first quarter. Focus Partners Wealth now owns 21,637 shares of the oil and gas producer’s stock worth $1,156,000 after purchasing an additional 1,789 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Company Profile

(Get Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.