EQT Corporation Analysis
What is EQT Corporation?
America's only large-scale vertically integrated natural gas producer
Employees
1001-5000
Founded
1888
Industry
Fossil Fuels
Market Share
0.32%
Product Features & Capabilities
- Net Zero emissions achievement
- OGMP 2.0 gold standard rating
- Operations in Pennsylvania, West Virginia, and Ohio
- Production, midstream, and commercial operations
Use Cases
Achieves net zero emissions ahead of schedule; Operates in the Appalachian Basin; Manages 6% of U.S. natural gas output; Provides natural gas to energy markets; Conducts land leasing with landowners
Other Considerations
Achieved net zero Scope 1 and Scope 2 emissions; Holds OGMP 2.0 gold standard rating; Acquired Equitrans Midstream; Announced $3.5 billion joint venture with Blackstone Credit & Insurance; Operates in 3 U.S. states; 1001-5000 employees; Founded in 1888; HQ in Pittsburgh, PA
Competitors
The main competitors of EQT Corporation in the energy sector include:
- Dominion Energy Inc - A major energy company focused on natural gas and electricity, headquartered in the USA, with approximately 14,700 employees and a revenue of $14.5 billion.
- Coterra Energy Inc - Engaged in the exploration and production of oil and natural gas, Coterra is based in the USA, has around 915 employees, and generates $5.5 billion in revenue.
- Antero Resources Corp
- Range Resources Corp - Focused on the exploration and production of natural gas, Range Resources is based in the USA, employs around 565 people, and has a revenue of $2.4 billion.
- EOG Resources - A large-cap energy company known for its strong profitability, EOG is involved in oil and gas exploration and production.
- Diamondback Energy - Recognized for its robust market performance, Diamondback is another significant player in the oil and gas sector.
- Devon Energy - A major energy company focusing on oil and natural gas production, known for its solid reputation in the market.
- Enable Midstream - A midstream energy company focusing on the transportation and storage of natural gas, with a revenue of $2.5 billion.
- Chesapeake Energy - Engaged in the exploration and production of oil and natural gas, Chesapeake has a revenue of $11.7 billion.
- Continental Resources - Focused on oil and natural gas exploration, Continental generates $9.5 billion in revenue.
These companies represent significant competition for EQT Corporation in the energy sector.
Recent News
Recent developments related to EQT Corporation in the energy field include:
- Stock Performance - EQT's stock recently reached a 52-week high of $55.1 amid a surge in energy prices, reflecting its strong position in the natural gas sector.
- Clean Hydrogen Project - EQT is advancing into the planning phase of a clean hydrogen project, aiming to produce clean hydrogen and low carbon aviation fuel, which aligns with its commitment to sustainable energy solutions.
- Acquisition of Scale Microgrids - EQT's Transition Infrastructure strategy has acquired Scale Microgrids, a significant player in the microgrid sector, enhancing its capabilities in distributed energy solutions.
- Leadership Changes - The company is undergoing leadership changes, with a new chair appointed to lead the board as part of its strategic evolution.
- Long-term Agreements - EQT has executed a 20-year tolling agreement with Glenfarne Energy Transition for natural gas liquefaction, indicating its ongoing commitment to expanding its operational footprint in the LNG market.
Sustainability Initiatives
EQT Corporation engages in several sustainability initiatives and practices, including achieving Net Zero emissions on a Scope 1 and Scope 2 basis, making it the first traditional energy company of scale to do so. The company focuses on responsible natural gas production while emphasizing safety for employees, contractors, and communities. EQT is committed to reducing its overall environmental footprint and adheres to the OGMP 2.0 gold standard rating from the UN Environment Program. Additionally, EQT has initiatives such as pneumatic device replacement to reduce emissions and actively participates in community engagement through the EQT Foundation.
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