Analysts Set Expectations for EQT’s Q3 Earnings (NYSE:EQT)

EQT Corporation (NYSE:EQT) – Investment analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for EQT in a report released on Monday, September 28th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.44 per share for the quarter, down from their previous forecast of $0.47. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $3.90 per share. Zacks Research also issued estimates for EQT’s Q4 2026 earnings at $0.75 EPS, FY2026 earnings at $3.91 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $3.42 EPS and FY2028 earnings at $4.69 EPS.

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

A number of other brokerages also recently weighed in on EQT. Freedom Capital raised shares of EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings cut shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. UBS Group boosted their target price on shares of EQT from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Truist Financial reduced their target price on shares of EQT from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Stifel Nicolaus began coverage on shares of EQT in a research report on Wednesday, September 9th. They issued a “buy” rating and a $66.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.09.

EQT Trading Down 0.6%

Shares of EQT stock opened at $48.61 on Tuesday. The stock has a 50-day simple moving average of $52.99 and a 200 day simple moving average of $55.19. EQT has a fifty-two week low of $47.94 and a fifty-two week high of $68.24. The stock has a market capitalization of $30.40 billion, a P/E ratio of 11.28 and a beta of 0.58. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On EQT

A number of institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. grew its stake in EQT by 156.2% during the 2nd quarter. QRG Capital Management Inc. now owns 93,774 shares of the oil and gas producer’s stock valued at $4,986,000 after acquiring an additional 57,179 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of EQT by 24.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,194 shares of the oil and gas producer’s stock worth $276,000 after purchasing an additional 1,020 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of EQT by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,200,248 shares of the oil and gas producer’s stock worth $63,817,000 after purchasing an additional 68,047 shares during the period. State Street Corp grew its position in EQT by 3.7% during the second quarter. State Street Corp now owns 39,679,249 shares of the oil and gas producer’s stock valued at $2,109,746,000 after purchasing an additional 1,398,316 shares in the last quarter. Finally, Anchor Investment Management LLC grew its position in EQT by 76.0% during the second quarter. Anchor Investment Management LLC now owns 528 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 228 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EQT

In other news, CEO Toby Rice sold 175,328 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.03, for a total value 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 trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is currently owned by company insiders.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th were issued a $0.1650 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.4%. EQT’s dividend payout ratio is presently 15.31%.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Zacks Research raised its Q2 2027 EPS estimate to $0.40 from $0.38 and its Q1 2028 estimate to $1.70 from $1.67. It also increased its FY2028 forecast to $4.69 from $4.58, providing some support for the longer-term earnings outlook. However, Zacks maintained a “Hold” rating. Zacks Research estimates
• Positive Sentiment: A separate brokerage roundup characterized analyst sentiment toward EQT Corporation as “Moderate Buy,” which may limit downside and signal that some sell-side analysts see value following the stock’s recent weakness. EQT receives Moderate Buy rating
• Neutral Sentiment: Investors are focused on the upcoming earnings release. The key issues will be production, realized natural-gas prices, cash flow and management’s outlook, particularly because EQT’s latest reported quarter missed analyst expectations on both EPS and revenue. What to know ahead of EQT’s earnings release
• Negative Sentiment: Zacks lowered several estimates, including Q3 2026 EPS to $0.44 from $0.47, Q4 2026 EPS to $0.75 from $0.76, FY2026 EPS to $3.91 from $3.95, and FY2027 EPS to $3.42 from $3.50. It also cut Q3 2027 EPS slightly to $0.77 from $0.78. These reductions reinforce concerns about near-term earnings momentum and natural-gas market conditions. EQT earnings estimate cuts
• Neutral Sentiment: Reports about EQT raising its offer for Japan’s Kakaku.com and selling Acuon Group concern the separate private-equity firm EQT AB, not EQT Corporation. They should not be treated as direct catalysts for NYSE: EQT. EQT to sell Acuon Group

EQT Company Profile

EQT Corporation is a natural gas producer headquartered in Pittsburgh, Pennsylvania. The company explores for, develops, and produces natural gas, natural gas liquids, and crude oil, with its operations concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations.

In addition to its upstream production activities, EQT has interests in the midstream infrastructure used to gather, process, transport, and store natural gas. These assets support the movement of production from well sites to regional and interstate markets.