Why Is EQT CORP (EQT) Stock Moving Today?

EQT stock is moving higher by 3.9% as of 5:00 PM ET on July 21, 2026, following the release of its second-quarter 2026 results. The company reported non-GAAP earnings per share of $0.39, missing estimates by $0.01, and revenue of $1.81 billion, which fell short of expectations by $30 million. Despite the earnings miss, EQT raised its full-year 2026 volume guidance to 2,375, 2,450 Bcfe and reported free cash flow of $330 million.

What Happened

EQT reported second-quarter sales volume of 634 Bcfe, exceeding the high end of its guidance. The company also announced a strategic move to acquire Copia Power, an integrated power and AI infrastructure platform, from Carlyle. This acquisition is expected to expand EQT’s energy portfolio beyond natural gas. The SEC 8-K filing on July 21 confirmed the results of operations and financial condition, including the updated production guidance and free cash flow performance. Meanwhile, Stephens & Co. and UBS both maintained their Overweight and Buy ratings on EQT, respectively, though both lowered their price targets.

What The Data Shows

The stock opened at $49.27 and reached an intraday high of $50.58 at 4:45 PM ET. Trading volume has reached 5.5 million shares, or 0.7 times the 3-month daily average. The stock has traded between $47.94 and $68.24 over the past 52 weeks and currently has a market cap of $31.0 billion. EQT has a P/E ratio of 9.3 and a dividend yield of 1.33%. In the last 90 days, insiders have sold $5.4 million in shares, while congressional members have made a mix of 9 buys and 2 sells.

What To Watch

The company’s upcoming earnings report is already in the rearview, but investors will continue to monitor coverage breadth and any new developments from the Copia Power acquisition. The updated production guidance and free cash flow figures may also influence near-term sentiment.