EQT Corporation

EQT Corporation
FormerlyEquitable Resources, Inc.
Company typePublic
IndustryPetroleum industry
Founded1888; 136 years ago (1888)
FoundersMichael and Obediah Haymaker
HeadquartersEQT Plaza
Pittsburgh, Pennsylvania, U.S.
Key people
ProductsPetroleum
Natural gas
Natural gas liquids
Production output
5,524 million cubic feet of natural gas equivalent/day (2023)
RevenueDecrease US$6.909 billion (2023)
Increase US$2.314 billion (2023)
Increase US$1.735 billion (2023)
Total assetsIncrease US$25.29 billion (2023)
Total equityIncrease US$14.78 billion (2023)
Number of employees
881 (December 2023)
Websiteeqt.com
Footnotes / references
[1]

EQT Corporation is an American energy company engaged in hydrocarbon exploration and pipeline transport. It is headquartered in EQT Plaza in Pittsburgh, Pennsylvania.

EQT is the largest natural gas producer in the Appalachian Basin[2] with 19.802 trillion cubic feet equivalent of proved reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in the Marcellus Formation, as of December 31, 2019. Of the company's total proved reserves, 88% are located in the Marcellus Formation and 95% are natural gas.[1]

Via its interest in EQGP Holdings, LP, the company owns a controlling interest in EQT Midstream Partners, LP. EQM owns and operates midstream assets in the Appalachian Basin and provides water services that support well completion activities and collects and recycles or disposes of flowback and produced water.[1]

The company is ranked 605th on the Fortune 500.[3] It is not on the Forbes Global 2000.[4]

  1. ^ a b c "EQT Corporation 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 14, 2024.
  2. ^ Helman, Christopher (June 19, 2017). "With $8.2B Acquisition, Pittsburgh's EQT Becomes America's Biggest Natural Gas Producer". Forbes.
  3. ^ "Fortune 500: EQT". Fortune.
  4. ^ "Forbes 500: EQT". Forbes.