Zacks Research Weighs in on EQT's Q3 Earnings (NYSE:EQT)

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for EQT to $0.44 from $0.47 and maintained a “Hold” rating. The firm projects $3.91 EPS for full-year 2026 and $3.42 for 2027.
• EQT previously reported quarterly EPS of $0.39, missing consensus by $0.02, while revenue fell 29.2% year over year to $1.68 billion. The company’s shares were trading at $49.85, near their 12-month low of $47.94.
• Despite Zacks’ cautious view, analysts overall rate EQT a “Moderate Buy”, with a consensus price target of $68.18. Institutional investors own 90.81% of the stock, and EQT pays a quarterly dividend of $0.165, yielding about 1.3% annually.

EQT Corporation (NYSE:EQT - Free Report) - Analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for shares of EQT in a research report issued to clients and investors on Monday, September 28th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.47. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for EQT's current full-year earnings is $3.92 per share. Zacks Research also issued estimates for EQT's Q4 2026 earnings at $0.75 EPS, FY2026 earnings at $3.91 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $3.42 EPS and FY2028 earnings at $4.69 EPS.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $1.68 billion during 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 quarter in the previous year, the company earned $0.45 EPS.

A number of other equities research analysts have also recently commented on EQT. Weiss Ratings cut EQT from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Stifel Nicolaus initiated coverage on EQT in a research report on Wednesday, September 9th. They issued a "buy" rating and a $66.00 price target for the company. Morgan Stanley dropped their price target on shares of EQT from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 19th. Stephens reissued an "overweight" rating and set a $71.00 price objective on shares of EQT in a research report on Thursday, September 17th. Finally, The Goldman Sachs Group reduced their price objective on shares of EQT from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.18.

EQT Trading Down 1.9%

EQT stock opened at $49.85 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. The business's fifty day simple moving average is $53.12 and its two-hundred day simple moving average is $55.41. EQT has a 12 month low of $47.94 and a 12 month high of $68.24. The company has a market capitalization of $31.18 billion, a price-to-earnings ratio of 11.57 and a beta of 0.58.

Institutional Investors Weigh In On EQT

Several large investors have recently bought and sold shares of EQT. BlackRock Inc. bought a new position in EQT in the second quarter valued at about $3,204,125,000. Bank of New York Mellon Corp bought a new stake in shares of EQT during the 2nd quarter valued at about $512,148,000. Wellington Management Group LLP grew its stake in shares of EQT by 41.4% during the 2nd 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 purchasing an additional 6,603,286 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of EQT during the 2nd quarter valued at about $163,705,000. Finally, Legal & General Group Plc purchased a new stake in shares of EQT during the 2nd quarter valued at about $127,420,000. 90.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EQT

In other news, CEO Toby 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 value of $9,648,299.84. Following the completion of the transaction, the chief executive officer owned 2,157,865 shares in the company, valued at $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 is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is owned by corporate insiders.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th were issued a $0.1650 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. EQT's dividend payout ratio (DPR) is presently 15.31%.

EQT Company Profile

EQT Corporation is a natural gas producer headquartered in Pittsburgh, Pennsylvania. The company explores for, develops, and produces natural gas, natural gas liquids, and crude oil, with its operations concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations.

In addition to its upstream production activities, EQT has interests in the midstream infrastructure used to gather, process, transport, and store natural gas. These assets support the movement of production from well sites to regional and interstate markets.

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