EQT
EQTMarket price data through October 22, 2026.
Performance
Oct 2021 – Oct 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +71%
- 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
- 25 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, selling fuel to utilities, factories, overseas buyers, and the power plants going up near data centers. It owns many of the pipes too, which helps keep its costs among the lowest in the business.
The case for and against
Both sides of the story, in plain English.
- Drilling Domination
EQT produced 634 billion cubic feet of gas in the second quarter. That was up about 12 percent from a year ago and above the top of its own forecast. It also drilled the longest well in shale history, at more than 29,000 feet. That efficiency let EQT raise its full-year production target by about 90 billion cubic feet, to between 2,375 and 2,450 billion, while cutting planned spending by 25 million dollars.
- Power Plant Partner
EQT signed a 10-year deal to supply gas to a new 2-gigawatt power plant in West Virginia. The price is tied to electricity rates, which pay more than local gas prices. It also signed a 5-year export deal with a big Asian energy buyer that should add about 45 million dollars of cash a year by 2028, and bought New England propane terminals for 77 million dollars. Meanwhile, debt fell to 5.7 billion dollars from 7.8 billion at the end of last year.
- Prices Pinched
EQT's average selling price slipped to 2.65 dollars per unit from 2.81 a year ago. That helped drag profit down to 211 million dollars from 784 million, or 34 cents per share versus 1.30 dollars. Even setting aside unusual items, profit per share dipped to 39 cents from 45 cents, a reminder that gas prices still call the shots.
- Costly Growth
Spending on wells and pipes rose to 666 million dollars from 554 million a year ago. EQT planned another 710 to 820 million dollars for the third quarter while expecting to produce less gas, 570 to 620 billion cubic feet compared with 634 billion. Costs per unit were also expected to creep higher. More spending for less gas while prices stay soft is a combination worth watching.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-10-22. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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