CluenexEQT Corporation EQT
EQT Corporation scores good on business quality (6.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What EQT Corporation does
EQT is the largest natural gas producer in the United States, extracting and selling hydrocarbons from the Appalachian Basin to utilities and industrial power consumers.
- What it does best
EQT extracts natural gas at massive scale, delivering a gross margin of 79.3% that outpaces Devon Energy's 47.6%. This regional dominance in Appalachia gives it pipeline access that smaller local rivals cannot easily replicate.
- The main risk
Commodity price swings threaten cash flows when gas markets soften, exposing its $7.8 billion total debt burden to tighter service costs if realizations drop below operational break-even points.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 42.7% with a free cash flow margin in the top decile at the 95th percentile, showing strong conversion as scale expands.
Low-cost Appalachian acreage creates a cost advantage, reflected in a gross margin sitting in the sector's top quartile at 80th percentile.
Revenue surged 63.9% to $9.5 billion, accelerating sharply past historical periods where revenue hovered around $5.2 billion to $7.5 billion.
Debt-to-equity sits at 0.3x with interest coverage of 10.5x, leaving debt costs manageable. Free cash flow reached $3.8 billion, improving solidly.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on EQT
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
EQT Corporation scores good on the Cluenex quality check (6.6 of 10), measured against its own industry. Profitability is strong, moat weak, growth fast and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 27, 2026, after the close.
See EQT today
- Today's verdict on EQT, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “EQT Corporation (EQT)”, https://cluenex.com/stocks/eqt/, data as of Oct 10, 2026.