Company Quick10K Filing
EQT
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 255 $3,683
10-K 2020-02-27 Annual: 2019-12-31
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-07-25 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-14 Annual: 2018-12-31
10-Q 2018-10-25 Quarter: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-15 Annual: 2017-12-31
10-Q 2017-10-26 Quarter: 2017-09-30
10-Q 2017-07-27 Quarter: 2017-06-30
10-Q 2017-04-27 Quarter: 2017-03-31
10-K 2017-02-09 Annual: 2016-12-31
10-Q 2016-10-27 Quarter: 2016-09-30
10-Q 2016-07-28 Quarter: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-K 2016-02-11 Annual: 2015-12-31
10-Q 2015-10-22 Quarter: 2015-09-30
10-Q 2015-07-23 Quarter: 2015-06-30
10-Q 2015-04-23 Quarter: 2015-03-31
10-K 2015-02-12 Annual: 2014-12-31
10-Q 2014-10-23 Quarter: 2014-09-30
10-Q 2014-07-24 Quarter: 2014-06-30
10-Q 2014-04-24 Quarter: 2014-03-31
10-K 2014-02-20 Annual: 2013-12-31
10-Q 2013-10-24 Quarter: 2013-09-30
10-Q 2013-07-25 Quarter: 2013-06-30
10-Q 2013-04-25 Quarter: 2013-03-31
10-K 2013-02-21 Annual: 2012-12-31
10-Q 2012-10-25 Quarter: 2012-09-30
10-Q 2012-07-26 Quarter: 2012-06-30
10-Q 2012-04-26 Quarter: 2012-03-31
10-K 2012-02-16 Annual: 2011-12-31
10-Q 2011-10-27 Quarter: 2011-09-30
10-Q 2011-07-28 Quarter: 2011-06-30
10-Q 2011-04-28 Quarter: 2011-03-31
10-K 2011-02-24 Annual: 2010-12-31
10-Q 2010-10-28 Quarter: 2010-09-30
10-Q 2010-07-29 Quarter: 2010-06-30
10-Q 2010-04-28 Quarter: 2010-03-31
10-K 2010-02-18 Annual: 2009-12-31
8-K 2020-03-26 Other Events, Exhibits
8-K 2020-03-05 Other Events
8-K 2020-02-27 Earnings, Exhibits
8-K 2020-02-26 Enter Agreement, Other Events, Exhibits
8-K 2020-02-12 Other Events, Exhibits
8-K 2020-01-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-01-13 Earnings, Officers, Other Events, Exhibits
8-K 2020-01-03 Officers, Regulation FD, Exhibits
8-K 2019-11-15 Officers
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-10-17
8-K 2019-10-11 Other Events, Exhibits
8-K 2019-10-07 Officers, Exhibits
8-K 2019-10-01 Officers, Exhibits
8-K 2019-09-06 Exit Costs
8-K 2019-08-26 Officers
8-K 2019-08-06 Officers
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-07-15 Other Events, Exhibits
8-K 2019-07-10 Officers, Shareholder Vote
8-K 2019-05-31 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-03-25 Other Events, Exhibits
8-K 2019-03-07 Officers, Regulation FD, Exhibits
8-K 2019-02-14 Earnings, Exhibits
8-K 2019-01-22 Earnings, Regulation FD, Exhibits
8-K 2019-01-22 Other Events, Exhibits
8-K 2019-01-07 Other Events, Exhibits
8-K 2018-11-12 Enter Agreement, Leave Agreement, M&A, Officers, Regulation FD, Exhibits
8-K 2018-11-06 Other Events, Exhibits
8-K 2018-10-29 Regulation FD, Exhibits
8-K 2018-10-26 Regulation FD, Exhibits, Regulation FD
8-K 2018-10-25 Regulation FD, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-24 Officers, Suspend Trading, Regulation FD, Other Events, Exhibits
8-K 2018-10-24 Officers, Regulation FD, Exhibits
8-K 2018-08-29 Officers
8-K 2018-08-07 Officers, Regulation FD, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-23 Other Events, Exhibits
8-K 2018-06-21 Shareholder Vote
8-K 2018-05-31 Regulation FD
8-K 2018-05-22 Other Events
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-25 Enter Agreement, Other Events, Exhibits
8-K 2018-03-14 Officers
8-K 2018-02-21 Other Events, Exhibits
8-K 2018-02-15 Earnings, Exhibits
8-K 2018-01-17 Officers

EQT Financials

EQT Metrics, Comps, Filings

Annual | Quarterly

Business

EQT Corporation (EQT or the Company) is a natural gas production company with emphasis in the Appalachian Basin and operations throughout Pennsylvania, West Virginia and Ohio. EQT is the largest producer of natural gas in the United States, based on average daily sales volumes, with 21.8 Tcfe of proved natural gas, NGLs and crude oil reserves across approximately 1.4 million gross acres, including approximately 1.1 million gross acres in the Marcellus play, many of which have associated deep Utica or Upper Devonian drilling rights, and approximately 0.1 million gross acres in the Ohio Utica play as of December 31, 2018.

The Company seeks to be the premier producer of environmentally friendly, reliable, low-cost natural gas, while maximizing the long-term value of its assets through operational efficiency and a culture of sustainability. To accomplish these objectives and deliver value to its stakeholders, the Company's strategic priorities include focusing on reducing costs, improving operational and capital efficiency, consistently delivering volumes and prioritizing the return of capital to shareholders while strengthening the Company's balance sheet. The Company intends to achieve mid-single digit year-over-year production growth combined with substantial and sustainable free cash flow by executing on its plan, with a stable operating cadence which is expected to result in higher capital efficiency.

The Company believes the long-term outlook for its business is favorable due to the Company's substantial resource base, financial strength, and its commitment to capital discipline and operational efficiencies. The Company believes the combination of these factors provide it with an opportunity to exploit and develop its acreage and reserves and maximize efficiency through economies of scale. The Company has a significant contiguous acreage position in the core of the Marcellus and Utica shales which the Company believes will allow it to realize operational efficiencies and improve overall returns. The Company believes that it is a technology leader in horizontal drilling and completion activities in the Appalachian Basin and continues to improve its operations through the use of new technologies and a company-wide focus on efficiency. Development of multi-well pads in conjunction with longer laterals, optimized well spacing, and completion techniques allow the Company to maximize development efficiencies while reducing the overall environmental surface footprint of its drilling operations.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Cimarex Energy (XEC) 5,639 0% 10.6 8% 7,596 3,652 2,339 0 600 719 7,620
Helmerich & Payne (HP) 5,341 0% 9.6 -1% 5,897 1,802 2,846 0 -45 572 5,472
Parsley Energy (PE) 5,304 0% 6.3 3% 9,838 3,410 1,892 0 310 1,196 7,480
Southwest Gas (SWX) 4,818 43% 10.7 4% 7,667 5,248 2,584 1,105 270 671 7,189
WPX Energy (WPX) 4,774 0% 3.8 7% 8,553 3,992 2,560 0 604 1,814 6,943
Murphy Oil (MUR) 4,154 0% 4.4 4% 13,536 8,437 2,630 0 570 1,840 8,014
Transocean (RIG) 3,868 16% 18.7 -4% 25,624 12,867 3,076 494 -1,028 581 10,858
EQT (EQT) 3,683 56% 5.1 -1% 20,479 9,231 4,986 2,803 -257 1,482 7,553
Chesapeake Energy (CHK) 3,061 0% 5.5 4% 16,540 12,310 8,265 0 675 2,404 13,218
Kosmos Energy (KOS) 2,527 0% 7.8 1% 4,466 3,582 1,237 0 23 578 4,517
Patterson Uti Energy (PTEN) 2,518 0% -11.3 -7% 5,192 1,913 3,043 0 -354 -301 3,388
PDC Energy (PDCE) 2,282 0% 5.1 3% 4,595 2,216 1,879 0 124 686 3,478
Matador Resources (MTDR) 2,140 0% 3.6 5% 3,751 1,911 890 0 197 570 2,056
Centennial Resource Development (CDEV) 2,021 0% 19.4 2% 4,535 1,268 916 0 85 148 2,870
Tellurian (TELL) 1,882 71% -14.2 -33% 417 176 13 9 -139 -129 1,836
Magnolia Oil & Gas (MGY) 1,810 0% 3.7 3% 3,531 747 1,073 0 120 572 2,113
Oasis Petroleum (OAS) 1,745 0% 3.8 3% 7,710 3,844 2,251 0 236 1,208 4,621
Range Resources (RRC) 1,737 84% -7.0 -16% 9,728 5,546 3,580 3,009 -1,599 -799 5,558
Jagged Peak Energy (JAG) 1,734 0% 15.4 6% 1,914 1,013 432 0 107 152 2,349
Sundance Energy Australia (SNDE) 1,691 0% 802 409 0 0 0 0 1,691

Balance Sheet ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash008311828461,0771,6011,1041473
Accounts Receivable1561571532052363061773427251,242
Inventory
PP&E4,9155,9106,8067,71511,06210,07711,47213,16224,88517,393
Assets5,9577,0988,7738,8509,79212,06513,97615,47329,52320,721
Accounts Payable2492122572893304442923106551,060
Long-Term Debt1,9492,0003,0002,9002,5023,3002,8033,2895,7464,553
Liabilities3,8064,0205,1794,9614,9285,6925,9486,35411,1089,763
Stockholders' Equity3,5943,6044,0354,5835,0785,86013,32010,958
Income Statement ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue4,558
Cost of Revenue1,697
Gross Profit2,861
R&D
SG&A177156172195201238250273263284
Tax9712827910517520596-41-1,116-697
Net Income157228196438511322-1311,858-2,007
Cash Flow ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating7267909158211,2001,4151,2171,0641,6382,976
Cash Investing-986-1,239-624-1,395-1,037-2,444-2,526-2,961-4,127-3,979
Cash Financing260450540-765001,2611,8321,3991,533859