EQT
EQT Corporation
NYSE: EQT · ENERGY · OIL & GAS E&P
$51.94
+1.45% today
Updated 2026-06-12
Market cap
$32.49B
P/E ratio
9.86
P/S ratio
3.47x
EPS (TTM)
$5.27
Dividend yield
1.26%
52W range
$48 – $68
Volume
7.3M
EQT Corporation (EQT) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed EQT price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$51.94
Today
Analyst consensus
$67.32
+29.61% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
23 analysts:
19 Buy4 Hold0 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
EQT · EQT Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
EQT financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|
| Revenue | $9.1B | $9.9B | $10.2B | $11.7B | $12.5B |
| Revenue growth | 73.7% | 20.7% | 3.7% | 7.2% | 7.1% |
| Net margin | — | — | — | — | — |
| EPS | $3.05 | $4.65 | $4.82 | $5.62 | $6.08 |
| Diluted shares | — | — | — | — | — |
| Net debt | — | — | — | — | — |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $191.04 | $197.01 | $226.86 | $238.80 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $12.5B | $12.5B | $12.5B |
| P/S multiple | 1.0x | 2.0x | 4.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because EQT is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
EQT catalysts and 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 2030 stock forecast model
EQT Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for EQT by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.
EQT price target FAQ
How is the EQT Corporation 2030 stock forecast calculated?
The EQT 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on EQT stock?
23 analysts cover EQT with an average 12-month price target of $67.32. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.