Zacks Research Has Bearish Forecast for EQT Q3 Earnings

EQT Corporation (NYSE:EQT) – Analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for shares of EQT in a research report issued to clients and investors on Friday, August 28th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.47 per share for the quarter, down from their prior forecast of $0.50. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.96 per share. Zacks Research also issued estimates for EQT’s Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $3.95 EPS, Q2 2027 earnings at $0.38 EPS and FY2027 earnings at $3.50 EPS.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm’s quarterly revenue was down 29.2% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS.

Other analysts also recently issued reports about the stock. Truist Financial cut their price objective on shares of EQT from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Citigroup decreased their target price on shares of EQT from $70.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their target price on shares of EQT from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Stephens boosted their price target on EQT from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Barclays dropped their price objective on EQT from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.10.

EQT Price Performance

Shares of NYSE:EQT opened at $55.65 on Monday. EQT has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day moving average price of $52.46 and a 200-day moving average price of $56.39. The company has a market capitalization of $34.81 billion, a PE ratio of 12.91 and a beta of 0.58.

Institutional Trading of EQT

Several large investors have recently added to or reduced their stakes in the business. Caxton Associates LLP bought a new stake in shares of EQT during the 1st quarter valued at $256,000. Focus Partners Wealth raised its holdings in EQT by 9.0% in the 1st 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. BI Asset Management Fondsmaeglerselskab A S lifted its position in EQT by 495.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 128,060 shares of the oil and gas producer’s stock valued at $7,468,000 after purchasing an additional 106,545 shares in the last quarter. Captrust Financial Advisors lifted its position in EQT by 39.4% during the second quarter. Captrust Financial Advisors now owns 30,617 shares of the oil and gas producer’s stock valued at $1,786,000 after purchasing an additional 8,658 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in EQT by 43.6% during the third quarter. Horizon Investments LLC now owns 85,502 shares of the oil and gas producer’s stock valued at $4,640,000 after purchasing an additional 25,971 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Toby Z. Rice sold 175,328 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the completion of the sale, the chief executive officer owned 2,157,865 shares of the company’s stock, valued at $118,747,310.95. This represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 274,042 shares of company stock worth $15,005,076. Insiders own 0.72% of the company’s stock.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 5th. EQT’s dividend payout ratio (DPR) is presently 15.31%.

EQT News Summary

Here are the key news stories impacting EQT this week:

• Positive Sentiment: A reported LNG deal and second-quarter 2026 results helped reinforce expectations for EQT’s production and demand outlook. The combination of LNG-related commercial activity and operating performance appears to be the primary near-term catalyst supporting the stock. EQT Corp stock edges higher as LNG deal and Q2 2026 figures support
• Positive Sentiment: Zacks Research raised its FY2028 EPS forecast for EQT to $4.58 from $4.50. It also made modest upward revisions to estimates for the first quarter of 2027, the third quarter of 2027 and the second quarter of 2028, suggesting some improvement in longer-term earnings expectations.
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its current-year consensus EPS reference remains $3.96, indicating that the estimate revisions have not yet resulted in a more bullish overall analyst stance.
• Neutral Sentiment: Reports on EQT’s $3.2 billion combination with Coller Capital describe a transaction involving the global private-markets manager EQT AB, not the U.S. natural-gas producer EQT Corporation. The deal therefore appears unrelated to NYSE:EQT’s operating fundamentals, although the similar company names could create confusion. EQT completes $3.2bn combination with secondaries firm Coller Capital
• Negative Sentiment: Zacks reduced its EPS forecasts for the fourth quarter of 2027 and the first quarter of 2028, partly offsetting the upward revisions elsewhere. These cuts point to uncertainty around the timing and strength of EQT’s future earnings recovery.

EQT Company Profile

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.