{"data":{"ticker":"EQT","slug":"eqt","name":"EQT","exchange":"NYSE","sector":"Energy","headquarters":"Canonsburg, PA","ceo":"Toby Z. Rice","employees":1523,"website":"https://www.eqt.com","founded":"1888","layers":[{"slug":"power-energy","name":"Power & Energy"}],"exposure":{"score":32,"tier":"Growing","rationale":"EQT pairs the largest US gas production base with midstream reach into PJM, where data center power demand is concentrating, and has supply arrangements tied to new data center linked power projects. Commodity natural gas remains the core business, so AI is a demand tailwind rather than the revenue base."},"quote":{"price":54.84,"change24hPct":-0.98,"change7dPct":-0.02,"change30dPct":9.31,"change1yPct":-0.67,"high52w":67.53,"low52w":48.56,"marketCap":34305130496,"peRatio":13,"eps":4.22,"volume24h":490691868},"nextEarningsDate":"2026-10-27","summary":"EQT is the largest natural gas producer in the United States, operating in the Appalachian Basin across Pennsylvania, West Virginia, and Ohio. It makes money producing and selling natural gas, and after acquiring Equitrans in 2024 it also owns the pipelines that move that gas to market.","explainer":["EQT is the largest natural gas producer in the United States, operating in the Appalachian Basin across Pennsylvania, West Virginia, and Ohio. It makes money producing and selling natural gas, and after acquiring Equitrans in 2024 it also owns the pipelines that move that gas to market.","The integrated model pairs low cost production with midstream infrastructure, including the Mountain Valley Pipeline that carries Appalachian gas toward Southeast demand centers. Management has positioned EQT as a primary fuel supplier for the gas fired power plants being planned to serve data centers in the PJM grid region, including supply arrangements tied to projects in the Homer City redevelopment area.","Founded in 1888 and headquartered in Canonsburg, Pennsylvania, EQT employs about 1,500 people and trades on the NYSE."],"buildoutRole":"EQT sits in the Power & Energy layer of the AI buildout. Data centers concentrating in the PJM region need new gas fired generation, and that generation needs fuel. EQT's Appalachian production sits closest to that demand, and its Equitrans pipeline network gives it a direct route to new power projects, including plants planned around data center campuses. The AI thesis is a demand story: more compute means more electricity, which means more gas pulled from the basin EQT dominates.","faq":[{"q":"What does EQT Corporation do?","a":"EQT is the largest natural gas producer in the United States, operating in the Appalachian Basin. It produces and sells natural gas and, through its 2024 acquisition of Equitrans, owns midstream pipelines including the Mountain Valley Pipeline."},{"q":"How is EQT Corporation exposed to AI?","a":"Supercycle rates it Growing with an AI Exposure Score of 32 out of 100. EQT positions itself as a primary fuel supplier for gas power plants serving data center growth in the PJM region, with supply arrangements tied to projects such as the Homer City redevelopment."},{"q":"What is the Mountain Valley Pipeline?","a":"Mountain Valley Pipeline carries Appalachian natural gas into Virginia, connecting EQT's production to Southeast demand centers where utilities are adding gas generation, partly to serve data centers. EQT gained the pipeline through its acquisition of Equitrans."},{"q":"Is EQT a pure play AI stock?","a":"No. Supercycle classifies EQT as Growing. Data center power demand is a meaningful tailwind for Appalachian gas, but EQT's results are driven mostly by natural gas prices and its own production volumes."},{"q":"Who leads EQT?","a":"Toby Rice serves as president and chief executive officer. He took over in 2019 and led the company's acquisition of Equitrans. EQT is headquartered in Canonsburg, Pennsylvania and employs about 1,500 people."}],"history1y":[{"date":"2026-09-22","close":50.81},{"date":"2026-09-23","close":51.06},{"date":"2026-09-24","close":51.87},{"date":"2026-09-25","close":50.81},{"date":"2026-09-28","close":49.87},{"date":"2026-09-29","close":48.88},{"date":"2026-09-30","close":48.56},{"date":"2026-10-01","close":50.09},{"date":"2026-10-02","close":50.17},{"date":"2026-10-05","close":51.12},{"date":"2026-10-06","close":52.47},{"date":"2026-10-07","close":52.31},{"date":"2026-10-08","close":52.94},{"date":"2026-10-09","close":52.83},{"date":"2026-10-12","close":53.22},{"date":"2026-10-13","close":54.43},{"date":"2026-10-14","close":52.75},{"date":"2026-10-15","close":52.45},{"date":"2026-10-16","close":54.3},{"date":"2026-10-19","close":54.42},{"date":"2026-10-20","close":54.82},{"date":"2026-10-21","close":54.07},{"date":"2026-10-22","close":54.67},{"date":"2026-10-23","close":55.63},{"date":"2026-10-26","close":54.85},{"date":"2026-10-27","close":56.27},{"date":"2026-10-28","close":56.22},{"date":"2026-10-29","close":54.54},{"date":"2026-10-30","close":55.38},{"date":"2026-11-02","close":54.84}],"incomeStatements":[{"ticker":"EQT","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":8353217000,"cost_of_revenue":4521176000,"gross_profit":3832041000,"operating_expense":0,"operating_income":3014406000,"net_income":2039247000,"earnings_per_share":3.31,"earnings_per_share_diluted":3.31,"research_and_development":0,"selling_general_and_administrative_expenses":380066000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"EQT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":5222192000,"cost_of_revenue":4454973000,"gross_profit":767219000,"operating_expense":0,"operating_income":276922000,"net_income":230577000,"earnings_per_share":0.45,"earnings_per_share_diluted":0.45,"research_and_development":0,"selling_general_and_administrative_expenses":336724000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"EQT","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":5069982000,"cost_of_revenue":4128403000,"gross_profit":941579000,"operating_expense":0,"operating_income":658599000,"net_income":1735232000,"earnings_per_share":4.22,"earnings_per_share_diluted":4.22,"research_and_development":0,"selling_general_and_administrative_expenses":236171000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"EQT","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":12140621000,"cost_of_revenue":4081326000,"gross_profit":8059295000,"operating_expense":0,"operating_income":7757469000,"net_income":1770965000,"earnings_per_share":4.38,"earnings_per_share_diluted":4.38,"research_and_development":0,"selling_general_and_administrative_expenses":252645000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"EQT","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":41792874000,"current_assets":1895151000,"cash_and_equivalents":110795000,"total_liabilities":14432726000,"current_liabilities":2484841000,"total_debt":7858452000,"shareholders_equity":23752677000,"retained_earnings":4237089000},{"ticker":"EQT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":39830255000,"current_assets":1714679000,"cash_and_equivalents":202093000,"total_liabilities":15552119000,"current_liabilities":2461549000,"total_debt":9366055000,"shareholders_equity":20597628000,"retained_earnings":2585238000},{"ticker":"EQT","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":25285098000,"current_assets":2012975000,"cash_and_equivalents":80977000,"total_liabilities":10504281000,"current_liabilities":2036840000,"total_debt":5841493000,"shareholders_equity":14773200000,"retained_earnings":2681898000},{"ticker":"EQT","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":22669926000,"current_assets":4014441000,"cash_and_equivalents":1458644000,"total_liabilities":11456598000,"current_liabilities":3732220000,"total_debt":5714414000,"shareholders_equity":11172474000,"retained_earnings":1283578000}],"holders13f":[{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":17463952,"portfolioPct":0.0007164378899995643,"change":"new","period":"2026-06-30"}],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:49.873Z","tier":"free","source":"https://supercyclehq.com/stock/eqt","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/EQT","html":"https://supercyclehq.com/stock/eqt","md":"https://supercyclehq.com/stock/eqt.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}