EQT
EQTMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +64%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$32
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 26 months
- How long Benson has been tracking this pick.
About EQT
EQT is the largest natural gas producer in the United States, pulling gas out of the ground across Pennsylvania, West Virginia, and Ohio. Think of it as the country's biggest gas station. It sells fuel to utilities, factories, power plants and overseas buyers who ship it across the ocean. It owns many of its own pipes, and it just agreed to buy rival driller Range Resources to get even bigger.
The case for and against
Both sides of the story, in plain English.
- Spending Smarter
EQT spent 638 million dollars on wells and pipes this quarter. That was 10 percent below even the low end of its own plan, because its crews keep getting faster. Cash coming in from the business still rose to about 1.08 billion dollars from 1.02 billion a year ago. Debt shrank to 5.6 billion dollars from 7.8 billion at the start of the year, and EQT raised its dividend 3 percent.
- Empire Expansion
EQT agreed to buy rival gas driller Range Resources. The deal would make it the only American gas giant that drills, moves and sells its own gas all under one roof. EQT also signed a 10-year deal to supply Ignitis, Lithuania's biggest energy company. It added storage on the Gulf Coast that raises its space there to up to 11 billion cubic feet, which helps it serve overseas buyers.
- Price Pinch
Gas prices sagged during the quarter, so EQT chose to leave 21 billion cubic feet in the ground rather than sell it cheap. Total sales fell to 583 billion cubic feet from 634 billion a year ago. Profit slipped to 279 million dollars, or 44 cents per share, from 336 million, or 53 cents. EQT plans to hold back another 10 to 20 billion next quarter, so gas prices still call the shots.
- Growing Pains
EQT's cost to produce each unit of gas rose to 1.09 dollars from 1.00 a year ago, and it expects 1.14 to 1.28 dollars next quarter. Cash left over after paying for wells and pipes fell to 283 million dollars from 484 million. Buying Range Resources is also a huge job, and big mergers can bring surprise costs and distractions.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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