Zacks Research Analysts Lower Earnings Estimates for EQT

Key Points

• Zacks Research lowered EQT’s Q3 2026 EPS estimate to $0.47 from $0.50 and maintained a “Hold” rating. Its full-year 2026 estimate is $3.95 per share.
• EQT recently missed quarterly expectations, reporting $0.39 EPS versus the $0.41 consensus and revenue of $1.68 billion versus $1.76 billion expected; revenue declined 29.2% year over year.
• Despite mixed analyst revisions, EQT carries a “Moderate Buy” consensus rating with an average price target of $68.10, while the company pays a $0.165 quarterly dividend yielding about 1.2%.

EQT Corporation (NYSE:EQT - Free Report) - Zacks Research lowered their Q3 2026 earnings estimates for EQT in a research note issued on Friday, August 28th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings per share of $0.47 for the quarter, down from their prior forecast of $0.50. Zacks Research has a "Hold" rating on the stock. The consensus estimate for EQT's current full-year earnings is $3.96 per share. Zacks Research also issued estimates for EQT's Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $3.95 EPS, Q2 2027 earnings at $0.38 EPS and FY2027 earnings at $3.50 EPS.

Other research analysts have also recently issued research reports about the company. UBS Group cut their price objective on EQT from $74.00 to $73.00 and set a "buy" rating for the company in a research report on Wednesday, July 8th. Morgan Stanley decreased their target price on shares of EQT from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lowered their price target on shares of EQT from $72.00 to $68.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 23rd. Stephens increased their price target on shares of EQT from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen cut shares of EQT from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $68.10.

EQT Stock Down 0.0%

EQT stock opened at $54.56 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. EQT has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a market cap of $34.13 billion, a PE ratio of 12.66 and a beta of 0.58. The stock's 50 day moving average price is $52.33 and its 200 day moving average price is $56.41.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.The business's quarterly revenue was down 29.2% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.66 annualized dividend and a yield of 1.2%. EQT's payout ratio is currently 15.31%.

Insider Transactions at EQT

In other EQT news, CEO Toby Z. Rice sold 175,328 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the sale, the chief executive officer directly owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 274,042 shares of company stock worth $15,005,076 over the last ninety days. Insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EQT. BlackRock Inc. purchased a new position in EQT in the 2nd quarter valued at about $3,204,125,000. California State Teachers Retirement System grew its holdings in shares of EQT by 5,000.6% during the second quarter. California State Teachers Retirement System now owns 36,749,722 shares of the oil and gas producer's stock worth $1,953,983,000 after buying an additional 36,029,223 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of EQT during the second quarter worth about $512,148,000. Wellington Management Group LLP raised its position in shares of EQT by 41.4% in the second quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer's stock valued at $1,199,807,000 after buying an additional 6,603,286 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of EQT in the second quarter valued at approximately $163,705,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Company Profile

EQT Corporation NYSE: EQT is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT's primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

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