EQT - Eqt Corp

Company Overview

Name

Eqt Corp

Tickers

EQT

Exchanges

NYSE

Employees

881

Founded

2008

Sector Information

Other Information

CIK

33213

Category

Large accelerated filer

1-Line Summary

A leading natural gas producer in the Appalachian Basin, focused on sustainable and efficient resource development.

Company summary

The company is a natural gas production leader in the Appalachian Basin, holding 27.6 trillion cubic feet equivalent (Tcfe) of proved reserves across approximately 2.1 million acres. It operates as the largest producer of natural gas in the United States as of December 31, 2023, focusing on the environmentally responsible development of resources through advanced techniques such as combo-development projects which maximize efficiency and minimize environmental impact. This operational strategy not only enhances profitability but aligns with the company's commitment to sustainability, incorporating technology and employee engagement in its practices.

In addition to its robust asset base and production capabilities, the company emphasizes a culture of operational efficiency, sustainability, and safety. Future growth initiatives include strategic investments in land, infrastructure, and midstream capabilities. By leveraging digital tools and a solid balance sheet, the company is poised to manage capital efficiently while also returning value to shareholders through dividends and share repurchases. It aims to further capitalize on energy transition opportunities which complement its core business model.

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