EQT Corp. PT receives Investment Bank Analyst Rating Update
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Energy stocks were the big winners in 2022, but there's no consensus on what to expect from the sector in 2023. In this piece, I compared two energy stocks. EQT Corp. (NYSE:EQT)...
Shares of natural gas and NGL (natural gas liquids) producers like Antero Resources (NYSE:AR) and EQT Corp. (NYSE:EQT) posted significant gains in 2022. Higher average realized...
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EQT Corporation is a natural gas producer with operations focused on the Marcellus and Utica Shales of the Appalachian Basin. It has approximately 25.0 trillion cubic feet equivalents (Tcfe) of proved natural gas, natural gas liquids (NGLs), and crude oil reserves across approximately 2.0 million gross acres, including approximately 1.7 million gross acres in the Marcellus play. The Company is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. It owns or leases approximately 610,000 net acres in Pennsylvania. The Company owns or leases approximately 405,000 net acres in West Virginia. It also owns or leases approximately 65,000 net acres in eastern Ohio. It primarily contracts with MarkWest Energy Partners, L.P. (MarkWest) to process its natural gas and extract from the produced natural gas heavier hydrocarbon streams (consisting predominately of ethane, propane, isobutane, normal butane and natural gasoline.