Zacks Research Brokers Lower Earnings Estimates for EQT

Posted by Danessa Lincoln on Aug 6th, 2026

EQT Corporation (NYSE:EQT – Free Report) – Stock analysts at Zacks Research cut their Q4 2026 earnings per share estimates for EQT in a research report issued to clients and investors on Tuesday, August 4th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings per share of $0.81 for the quarter, down from their previous estimate of $1.16. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for EQT’s current full-year earnings is $4.02 per share. Zacks Research also issued estimates for EQT’s Q1 2027 earnings at $1.46 EPS, Q2 2027 earnings at $0.43 EPS, Q4 2027 earnings at $0.90 EPS, Q2 2028 earnings at $0.68 EPS and FY2028 earnings at $4.50 EPS.

EQT (NYSE:EQT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was down 29.2% on a year-over-year basis.

Several other equities analysts also recently commented on EQT. UBS Group lowered their target price on shares of EQT from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Jefferies Financial Group dropped their target price on shares of EQT from $77.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. The Goldman Sachs Group cut their target price on shares of EQT from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Wells Fargo & Company lifted their price target on shares of EQT from $70.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Capital One Financial boosted their price target on shares of EQT from $64.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.08.

Read Our Latest Analysis on EQT

EQT Trading Down 3.0%

Shares of EQT opened at $51.17 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. EQT has a 1 year low of $47.94 and a 1 year high of $68.24. The company has a 50 day simple moving average of $52.05 and a two-hundred day simple moving average of $56.54. The firm has a market cap of $32.01 billion, a P/E ratio of 11.87 and a beta of 0.58.

Institutional Investors Weigh In On EQT

Large investors have recently added to or reduced their stakes in the stock. Reaves W H & Co. Inc. lifted its stake in shares of EQT by 12.9% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock valued at $62,282,000 after purchasing an additional 132,741 shares during the last quarter. BOKF NA increased its position in shares of EQT by 25.9% during the 4th quarter. BOKF NA now owns 138,368 shares of the oil and gas producer’s stock valued at $7,417,000 after purchasing an additional 28,427 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of EQT by 21.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 186,352 shares of the oil and gas producer’s stock valued at $9,988,000 after purchasing an additional 32,921 shares during the last quarter. Allstate Corp increased its position in shares of EQT by 114.0% during the 4th quarter. Allstate Corp now owns 48,523 shares of the oil and gas producer’s stock valued at $2,601,000 after purchasing an additional 25,852 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in EQT during the 4th quarter valued at $1,099,000. 90.81% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Toby Z. Rice sold 1,731 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $53.46, for a total value of $92,539.26. Following the completion of the transaction, the chief executive officer owned 2,333,193 shares of the company’s stock, valued at approximately $124,732,497.78. This trade represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.72% of the company’s stock.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 5th. EQT’s dividend payout ratio is currently 15.31%.

EQT News Roundup

Here are the key news stories impacting EQT this week:

Positive Sentiment: Analysts remain broadly optimistic about EQT Corporation’s long-term outlook despite its recent underperformance, which could support investor confidence. EQT Corporation Stock Outlook: Is Wall Street Bullish or Bearish?
Positive Sentiment: Morgan Stanley maintained its Buy rating on EQT, signaling continued confidence in the natural-gas producer’s longer-term prospects. Morgan Stanley Sticks to Their Buy Rating for EQT
Neutral Sentiment: Several reports concern EQT AB, the Stockholm-based private-equity firm, rather than EQT Corporation (NYSE: EQT). EQT AB’s Scaleup Europe fund co-led a €1 billion investment in ICEYE and was selected to manage a €5 billion European scale-up fund; these developments do not directly affect the U.S.-listed energy company. EQT’s Scaleup Europe fund makes first investment Brussels hands its €5bn scale-up fund to a Stockholm private equity giant EQT
Negative Sentiment: Zacks Research reduced its EPS forecasts for EQT’s third quarter of 2026, fiscal 2026 and fiscal 2027, including a cut in FY2026 estimates to $4.03 from $4.43 and FY2027 estimates to $3.56 from $3.76. Zacks retains a Strong Sell rating, highlighting near-term earnings concerns. Zacks Research earnings estimate changes for EQT

About EQT

(Get Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.