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EQT Corporation Valuation Multiples
Discover revenue and EBITDA valuation multiples for EQT Corporation and similar public comparables like Huadian New Energy Group, NRG Energy, ONGC, Ørsted and more.
EQT Corporation Overview
About EQT Corporation
EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and its transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Founded
2008
HQ

Employees
1.5K
Website
Sectors
Financials (LTM)
EV
$44B
EQT Corporation Financials
EQT Corporation reported last 12-month revenue of $9B and EBITDA of $6B.
In the same LTM period, EQT Corporation generated $6B in EBITDA and $2B in net income.
Revenue (LTM)
EQT Corporation P&L
In the most recent fiscal year, EQT Corporation reported revenue of $9B and EBITDA of $6B.
EQT Corporation expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 70% | XXX | XXX | XXX |
| EBIT Margin | 39% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
EQT Corporation Stock Performance
EQT Corporation has current market cap of $36B, and enterprise value of $44B.
Market Cap Evolution
EQT Corporation's stock price is $58.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $44B | $36B | 2.9% | XXX | XXX | XXX | $3.27 |
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Start Free TrialEQT Corporation Valuation Multiples
EQT Corporation trades at 4.9x EV/Revenue multiple, and 7.6x EV/EBITDA.
EV / Revenue (LTM)
EQT Corporation Financial Valuation Multiples
As of April 17, 2026, EQT Corporation has market cap of $36B and EV of $44B.
Equity research analysts estimate EQT Corporation's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
EQT Corporation has a P/E ratio of 16.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $36B | XXX | $36B | XXX | XXX | XXX |
| EV (current) | $44B | XXX | $44B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 7.6x | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBIT | 12.7x | XXX | 14.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 12.3x | XXX | XXX | XXX |
| P/E | 16.3x | XXX | 17.9x | XXX | XXX | XXX |
| EV/FCF | 15.5x | XXX | 15.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified EQT Corporation Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


EQT Corporation Margins & Growth Rates
EQT Corporation's revenue in the last 12 month grew by 9%.
EQT Corporation's revenue per employee in the last FY averaged $5.7M, while opex per employee averaged $0.4M for the same period.
EQT Corporation's rule of 40 is 88% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
EQT Corporation's rule of X is 114% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
EQT Corporation Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 70% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 88% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 114% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $5.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
EQT Corporation Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| EQT Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Huadian New Energy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| NRG Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| ONGC | XXX | XXX | XXX | XXX | XXX | XXX |
| Ørsted | XXX | XXX | XXX | XXX | XXX | XXX |
| Adani Power | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
EQT Corporation M&A Activity
EQT Corporation acquired XXX companies to date.
Last acquisition by EQT Corporation was on XXXXXXXX, XXXXX. EQT Corporation acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by EQT Corporation
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEQT Corporation Investment Activity
EQT Corporation invested in XXX companies to date.
EQT Corporation made its latest investment on XXXXXXXX, XXXXX. EQT Corporation invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by EQT Corporation
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout EQT Corporation
| When was EQT Corporation founded? | EQT Corporation was founded in 2008. |
| Where is EQT Corporation headquartered? | EQT Corporation is headquartered in United States. |
| How many employees does EQT Corporation have? | As of today, EQT Corporation has over 1K employees. |
| Who is the CEO of EQT Corporation? | EQT Corporation's CEO is Toby Z. Rice. |
| Is EQT Corporation publicly listed? | Yes, EQT Corporation is a public company listed on NYSE. |
| What is the stock symbol of EQT Corporation? | EQT Corporation trades under EQT ticker. |
| When did EQT Corporation go public? | EQT Corporation went public in 1950. |
| Who are competitors of EQT Corporation? | EQT Corporation main competitors are Huadian New Energy Group, NRG Energy, ONGC, Ørsted. |
| What is the current market cap of EQT Corporation? | EQT Corporation's current market cap is $36B. |
| What is the current revenue of EQT Corporation? | EQT Corporation's last 12 months revenue is $9B. |
| What is the current revenue growth of EQT Corporation? | EQT Corporation revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of EQT Corporation? | Current revenue multiple of EQT Corporation is 4.9x. |
| Is EQT Corporation profitable? | Yes, EQT Corporation is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of EQT Corporation? | EQT Corporation's last 12 months EBITDA is $6B. |
| What is EQT Corporation's EBITDA margin? | EQT Corporation's last 12 months EBITDA margin is 65%. |
| What is the current EV/EBITDA multiple of EQT Corporation? | Current EBITDA multiple of EQT Corporation is 7.6x. |
| What is the current FCF of EQT Corporation? | EQT Corporation's last 12 months FCF is $3B. |
| What is EQT Corporation's FCF margin? | EQT Corporation's last 12 months FCF margin is 32%. |
| What is the current EV/FCF multiple of EQT Corporation? | Current FCF multiple of EQT Corporation is 15.5x. |
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