EQT Corp
EQT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| D$ | LOCK|<<< | LOCK|#Tw?!m%d |
EQT Is a Dominant Appalachian Gas Producer With Integrated Midstream Assets
Business Strategy and Outlook
EQT is primarily a natural gas producer located in the Appalachian Basin. Its operations straddle Pennsylvania, Ohio, and West Virginia. Unlike other operators in the region, 90% of EQT’s production mix comes from dry natural gas instead of higher-value products such as oil or natural gas liquids that are more prevalent in other areas of the patch. So, EQT is far more vulnerable to natural gas prices, which are extremely volatile.
