EQT Corp - Company Profile
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EQT Corp (EQT) is an independent upstream oil and gas production company. It operates production fields in Marcellus, Upper Devonian, Ohio Utica and other plays in the Appalachian Basin. The company produces and markets natural gas, natural gas liquids (NGL), ethane and crude oil. The company markets natural gas to marketers, utilities and industrial customers in the Appalachian Basin. The company’s indirect wholly owned marketing subsidiary, EQT Energy, provides commercial and asset management services. The company contracts with MarkWest Energy Partners LP to process natural gas and extract the heavier hydrocarbon stream. EQT Corp has operations in Pennsylvania, West Virginia, and Ohio in the US. EQT headquartered in Pittsburgh, Pennsylvania, the US.
Headquarters
United States of America
Address
Suite 1700, 625 Liberty Avenue, Pittsburgh, Pennsylvania, 15222
Website
www.eqt.com
Telephone
1 412 5535700
No of Employees
881
Industry
Energy and Utilities
Ticker Symbol & Exchange
EQT (NYSE)
Revenue (2022)
$6.9B
-7.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-2%
(2022 vs 2021)
Market Cap*
$16.1B
Net Profit Margin (2022)
XYZ
6.4%
(2022 vs 2021)
* As of and is in US$
EQT Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Ethane |
| Natural Gas |
| Natural Gas Liquids |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, the company announced its plans to sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania, the US to Equinor USA. |
| 2024 | Plans/Strategy | In March, the company announced strategic production curtailment of approximately 1 Bcf per day of gross production. |
| 2024 | Contracts/Agreements | In March, the company entered into an agreement to merge with Equitrans Midstream Corporation. |
Competitor Comparison
| Key Parameters | EQT Corp | Dominion Energy Inc | Coterra Energy Inc | Antero Resources Corp | Range Resources Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Pittsburgh | Richmond | Houston | Denver | Fort Worth |
| State/Province | Pennsylvania | Virginia | Texas | Colorado | Texas |
| No. of Employees | 881 | 17,700 | 894 | 604 | 548 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Lydia I. Beebe | Chairman | Executive Board | - | 71 |
| Toby Z. Rice | Director; President; Chief Executive Officer | Executive Board | 2019 | 42 |
| Jeremy T. Knop | Chief Financial Officer | Senior Management | 2023 | - |
| Todd M. James | Chief Accounting Officer | Senior Management | 2019 | 41 |
| Tony Duran | Chief Information Officer | Senior Management | 2019 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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