Stock Analysis on Net

EQT Corp. (NYSE:EQT)

This company has been moved to the archive! The financial data has not been updated since October 27, 2022.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Historical Valuation Ratios (Summary)

EQT Corp., historical price multiples (quarterly data)

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Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 7.71
Price to operating profit (P/OP) 5.03
Price to sales (P/S) 1.16 1.51 1.84 1.20 1.62 1.94 1.68 2.02 1.52 1.21 1.08 0.36 0.63 0.81 1.09 0.99
Price to book value (P/BV) 1.49 1.75 1.83 0.81 0.95 0.85 0.56 0.58 0.46 0.36 0.36 0.14 0.25 0.34 0.46 0.42 0.82 1.23 1.15

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. EQT Corp. P/S ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. EQT Corp. P/BV ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Price to Earnings (P/E)

EQT Corp., historical P/E calculation (quarterly data)

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Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 367,046,005 369,956,790 369,535,705 376,023,250 377,948,658 378,016,134 279,098,036 278,854,465 255,598,827 255,603,156 255,523,995 255,454,000 255,643,475 255,498,928 255,284,426 254,762,000 254,426,000 264,000,000 265,000,000
Selected Financial Data (US$)
Net income (loss) attributable to EQT Corporation (in thousands) 683,670 891,361 (1,516,048) 1,801,333 (1,980,117) (936,457) (40,518) 63,688 (600,640) (263,075) (167,139) (1,176,924) (361,028) 125,566 190,691 (636,687) (39,693) 17,806 (1,585,994)
Earnings per share (EPS)2 5.07 -2.17 -7.12 -3.07 -7.66 -4.00 -3.01 -3.47 -8.64 -7.70 -6.18 -4.78 -2.67 -1.41 -1.83 -8.81 0.00 0.00 0.00
Share price1, 3 39.10 42.75 40.59 21.67 20.66 18.69 18.41 19.17 15.80 13.41 13.62 5.38 10.74 14.82 20.16 18.20 35.34 54.34 50.94
Valuation Ratio
P/E ratio4 7.71
Benchmarks
P/E Ratio, Competitors5
Chevron Corp. 10.25 10.19 16.06 16.81 22.09 54.58 43.40 70.06
ConocoPhillips 9.23 7.19 10.35 14.66 20.66 40.48 3,758.13 17.58 12.13 8.77
Exxon Mobil Corp. 8.70 9.74 14.98 14.11 42.32 25.86 16.34 15.64
Marathon Petroleum Corp. 4.67 5.70 4.63 4.32 4.30 4.53 11.68
Occidental Petroleum Corp. 5.61 5.94 8.51 23.89
Valero Energy Corp. 5.18 6.10 18.57 37.78 21.41 62.84 12.12

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
EPS = (Net income (loss) attributable to EQT CorporationQ3 2022 + Net income (loss) attributable to EQT CorporationQ2 2022 + Net income (loss) attributable to EQT CorporationQ1 2022 + Net income (loss) attributable to EQT CorporationQ4 2021) ÷ No. shares of common stock outstanding
= (683,670,000 + 891,361,000 + -1,516,048,000 + 1,801,333,000) ÷ 367,046,005 = 5.07

3 Closing price as at the filing date of EQT Corp. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/E ratio = Share price ÷ EPS
= 39.10 ÷ 5.07 = 7.71

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

EQT Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 367,046,005 369,956,790 369,535,705 376,023,250 377,948,658 378,016,134 279,098,036 278,854,465 255,598,827 255,603,156 255,523,995 255,454,000 255,643,475 255,498,928 255,284,426 254,762,000 254,426,000 264,000,000 265,000,000
Selected Financial Data (US$)
Operating income (loss) (in thousands) 924,586 1,361,901 (1,888,266) 2,457,347 (2,609,526) (1,217,641) 8,845 146,083 (760,195) (386,912) 123,358 (1,462,067) (161,529) 296,030 175,456 (570,691) (147,451) (114,650) (1,950,332)
Operating profit per share2 7.78 -1.83 -8.82 -3.62 -9.72 -4.82 -3.55 -3.15 -9.73 -7.38 -4.71 -4.51 -1.02 -0.97 -2.57 -10.92 0.00 0.00 0.00
Share price1, 3 39.10 42.75 40.59 21.67 20.66 18.69 18.41 19.17 15.80 13.41 13.62 5.38 10.74 14.82 20.16 18.20 35.34 54.34 50.94
Valuation Ratio
P/OP ratio4 5.03
Benchmarks
P/OP Ratio, Competitors5
Chevron Corp. 7.34 7.23 11.13 11.40 14.10 26.00 24.46 30.35
ConocoPhillips 5.96 4.72 6.75 8.66 11.68 17.96 71.79 6,288.41 10.11 7.27 6.04
Exxon Mobil Corp. 6.28 6.76 10.28 9.86 22.63 16.35 10.60 10.14
Marathon Petroleum Corp. 3.02 3.55 8.64 9.79 13.66 67.39 310.45 5.52
Occidental Petroleum Corp. 4.91 5.18 7.42 7.96 33.61 45.37
Valero Energy Corp. 3.76 4.36 11.28 16.50 487.32 944.75 23.43 10.75 21.60 7.65

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
Operating profit per share = (Operating income (loss)Q3 2022 + Operating income (loss)Q2 2022 + Operating income (loss)Q1 2022 + Operating income (loss)Q4 2021) ÷ No. shares of common stock outstanding
= (924,586,000 + 1,361,901,000 + -1,888,266,000 + 2,457,347,000) ÷ 367,046,005 = 7.78

3 Closing price as at the filing date of EQT Corp. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 39.10 ÷ 7.78 = 5.03

5 Click competitor name to see calculations.


Price to Sales (P/S)

EQT Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 367,046,005 369,956,790 369,535,705 376,023,250 377,948,658 378,016,134 279,098,036 278,854,465 255,598,827 255,603,156 255,523,995 255,454,000 255,643,475 255,498,928 255,284,426 254,762,000 254,426,000 264,000,000 265,000,000
Selected Financial Data (US$)
Sales of natural gas, natural gas liquids and oil (in thousands) 3,694,194 3,365,211 2,486,624 2,811,115 1,784,050 1,077,904 1,130,951 837,334 598,992 498,772 715,201 849,647 769,627 900,527 1,271,613 1,430,791 1,046,989 991,365 1,226,374
Sales per share2 33.67 28.24 22.08 18.09 12.78 9.64 10.99 9.50 10.42 11.08 12.66 14.84 17.10 18.20 18.57 18.43 0.00 0.00 0.00
Share price1, 3 39.10 42.75 40.59 21.67 20.66 18.69 18.41 19.17 15.80 13.41 13.62 5.38 10.74 14.82 20.16 18.20 35.34 54.34 50.94
Valuation Ratio
P/S ratio4 1.16 1.51 1.84 1.20 1.62 1.94 1.68 2.02 1.52 1.21 1.08 0.36 0.63 0.81 1.09 0.99
Benchmarks
P/S Ratio, Competitors5
Chevron Corp. 1.54 1.44 1.86 1.69 1.63 1.69 2.19 2.09 1.29 1.42 1.24 1.46
ConocoPhillips 2.22 1.75 2.47 2.58 2.67 2.56 3.35 3.52 1.50 1.66 1.48 1.94
Exxon Mobil Corp. 1.17 1.08 1.26 1.17 1.12 1.12 1.43 1.34 0.72 0.87 0.75 0.88
Marathon Petroleum Corp. 0.32 0.29 0.37 0.35 0.39 0.40 0.55 0.51 0.25 0.26 0.17 0.25
Occidental Petroleum Corp. 1.87 1.80 1.92 1.40 1.42 1.26 1.51 1.39 0.57 0.71 0.52 1.44
Valero Energy Corp. 0.29 0.28 0.36 0.31 0.34 0.34 0.48 0.48 0.19 0.26 0.25 0.27

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
Sales per share = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ No. shares of common stock outstanding
= (3,694,194,000 + 3,365,211,000 + 2,486,624,000 + 2,811,115,000) ÷ 367,046,005 = 33.67

3 Closing price as at the filing date of EQT Corp. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 39.10 ÷ 33.67 = 1.16

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. EQT Corp. P/S ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Price to Book Value (P/BV)

EQT Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 367,046,005 369,956,790 369,535,705 376,023,250 377,948,658 378,016,134 279,098,036 278,854,465 255,598,827 255,603,156 255,523,995 255,454,000 255,643,475 255,498,928 255,284,426 254,762,000 254,426,000 264,000,000 265,000,000
Selected Financial Data (US$)
Common shareholders’ equity (in thousands) 9,618,962 9,061,187 8,188,673 10,029,527 8,248,460 8,291,758 9,219,640 9,255,240 8,845,809 9,438,827 9,633,878 9,803,588 10,897,625 11,248,475 11,139,588 10,958,229 11,000,175 11,679,283 11,716,322
Book value per share (BVPS)2 26.21 24.49 22.16 26.67 21.82 21.93 33.03 33.19 34.61 36.93 37.70 38.38 42.63 44.03 43.64 43.01 43.24 44.24 44.21
Share price1, 3 39.10 42.75 40.59 21.67 20.66 18.69 18.41 19.17 15.80 13.41 13.62 5.38 10.74 14.82 20.16 18.20 35.34 54.34 50.94
Valuation Ratio
P/BV ratio4 1.49 1.75 1.83 0.81 0.95 0.85 0.56 0.58 0.46 0.36 0.36 0.14 0.25 0.34 0.46 0.42 0.82 1.23 1.15
Benchmarks
P/BV Ratio, Competitors5
Chevron Corp. 2.21 1.93 2.25 1.89 1.61 1.47 1.59 1.50 1.02 1.21 1.17 1.42 1.48 1.45 1.43
ConocoPhillips 3.40 2.28 2.70 2.61 2.19 1.69 1.74 2.22 1.02 1.28 1.40 1.80 1.72 1.98 2.11
Exxon Mobil Corp. 2.43 2.14 2.28 1.93 1.69 1.52 1.64 1.53 0.79 1.03 1.02 1.17 1.59 1.56 1.71
Marathon Petroleum Corp. 2.12 1.77 2.09 1.61 1.41 1.20 1.80 1.60 0.92 1.06 0.83 0.91 1.31 0.98 1.03
Occidental Petroleum Corp. 2.37 2.18 2.24 1.79 1.67 1.35 1.36 1.33 0.57 0.66 0.39 0.86 1.10 1.80 2.07
Valero Energy Corp. 2.23 2.06 2.51 1.91 1.84 1.57 1.70 1.65 0.77 1.16 1.43 1.35 1.97 1.49 1.65

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
BVPS = Common shareholders’ equity ÷ No. shares of common stock outstanding
= 9,618,962,000 ÷ 367,046,005 = 26.21

3 Closing price as at the filing date of EQT Corp. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 39.10 ÷ 26.21 = 1.49

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. EQT Corp. P/BV ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.