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EQT

EQT Corporation

NYSE: EQT · ENERGY · OIL & GAS E&P

$59.11
-0.52% today

Updated 2026-04-29

Market cap
$37.17B
P/E ratio
11.28
P/S ratio
3.97x
EPS (TTM)
$5.27
Dividend yield
1.10%
52W range
$48 – $68
Volume
9.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

EQT Corporation (EQT) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$59.11
Consensus
$67.32
+13.89%
2030 Target
$238.80
+303.99%
DCF
$65.90
+13.61% MoS
23 analysts:
19 Buy4 Hold1 Sell

Management guidance

EQT management provided 2026 guidance indicating continued strong production growth driven by Appalachian natural gas exports and LNG demand. Company has emphasized disciplined capital allocation with focus on high-return, low-cost production while expanding midstream fee-based revenue streams to stabilize earnings amid commodity price volatility.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$399.99
$12.5B Rev × 20x P/S
Base case (2030)
$238.80
$12.5B Rev × 12x P/S
Bear case (2030)
$161.19
$12.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$5.1B$5.2B$9.1B$9.9B$10.2B$11.7B$12.5B
Revenue growth—3.0%73.7%20.7%3.7%7.2%7.1%
EPS$2.31$1.55$3.06$4.65$4.82$5.62$6.08
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$191.04$197.01$226.86$238.80

Catalysts & risks

Growth catalysts
+ LNG export growth driving natural gas demand; Venture Global and other LNG projects requiring sustained Appalachian supply
+ AI data center electricity demand driving natural gas power generation; positioned as clean energy alternative to coal
+ Midstream expansion (Hyperion Pipeline and related infrastructure) providing stable fee-based revenue diversification
+ Expansion of natural gas supply chain infrastructure supporting $33B Ohio integrated gas project development
+ Geopolitical tensions (Middle East, Ukraine) supporting energy security demand for US LNG exports
Key risks
- Natural gas price volatility; mild weather reducing winter heating demand (evidenced by recent March 2026 price weakness)
- Regulatory and permitting delays for LNG export projects and midstream infrastructure expansion
- Renewable energy displacement of natural gas; long-term energy transition reducing fossil fuel demand post-2030
- Federal policy shifts on LNG exports or domestic production; Biden administration initially restricted new LNG permits
- Merger/acquisition integration risk from AES acquisition (expected late 2026/early 2027)

Methodology

EQT Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.