Is this a large-scale gas producer?
EQT Corp is a U.S. energy company focused on producing and selling natural gas. The business generates revenue by selling produced volumes into the market, with results tied to realized pricing and production levels. It operates at large scale, with a market value around USD 33 billion. The equity base is broad, with about 625.5 million shares outstanding.
Has revenue growth improved profitability?
FundamentalsFor 2025, reported in USD, revenue was about USD 7.7 billion, with EBIT of roughly USD 3.2 billion and net income of around USD 2.3 billion. Revenue rose 56.6% versus the prior year.
Cash generation, using the provided proxy, was about USD 2.9 billion, alongside USD 2.3 billion of capital spending and USD 2.6 billion of depreciation and amortization. On the balance sheet, cash ended at roughly USD 110.8 million against total debt of about USD 507.1 million.
Is the market undervaluing future cash flow?
DCF / MultiplesAt USD 52.69, the current price sits well below the discounted cash flow range implied by the model. The headline multiples alongside that setup include a P/E of 10.02 and EV/EBITDA of 5.22.
Cash Durability Drives the Case
TakeawayThe balance sheet looks net-debt funded, not cash-rich. The investment case leans on cash staying durable after capex. If spending rises faster than cash generation, flexibility can shrink. If profits and cash hold up, today’s pricing looks hard to ignore.