With a market cap of $16.3 billion, EQT Corporation (EQT) is a leading player in the natural gas production industry, primarily focused on the Appalachian Basin. Based in Pittsburgh, Pennsylvania, the company specializes in natural gas exploration, production, and marketing, serving a wide range of customers across the United States.
Shares of the natural gas producer have significantly underperformed the broader market over the past 52 weeks. EQT has dipped 16.1% over this time frame, while the broader S&P 500 Index ($SPX) has increased 32.7%. In 2024, shares of EQT are down 2.9%, compared to SPX’s 21.2% gain on a YTD basis.
