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EQT (EQT) Financial Forecast Calculator

Interactive 5-year forecast and DCF for EQT. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from EQT’s most recent SEC filings.

Revenue FY30
$14.63B
from $6.91B
FCF FY30
$6.41B
Margin 43.8%
Enterprise value
$87.57B
12.7× LTM revenue
Equity value
$78.45B
Net debt $9.12B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
16.2%
-10.0%baseline 16.2%40.0%
Gross margin
60.2%
5.0%baseline 60.2%90.0%
Capex % of revenue
29.0%
0.0%baseline 29.0%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the EQT forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does EQT Corporation do?+

EQT Corporation is the largest natural gas producer in the United States, operating primarily in the Appalachian Basin. Following its acquisition of Equitrans Midstream, EQT is a vertically integrated natural gas business involved in both extraction and transportation.

How does EQT Corporation generate revenue?+

EQT generates approximately 80-85% of its revenue from its Upstream/Production segment, which includes the exploration, development, and production of natural gas, NGLs, and crude oil. The remaining 15-20% comes from its Midstream segment, providing natural gas gathering, transmission, storage, and water services.

What are the key capital expenditure assumptions for EQT's financial model?+

EQT's financial model assumes a Capex_Pct_Revenue of approximately 29%. The company targets maintenance capex of $2.0 billion to $2.2 billion annually to sustain production, with about 75% dedicated to maintenance and 25% to growth initiatives.

What is the primary purpose of the EQT Corporation financial model?+

The EQT Corporation financial model provides a comprehensive equity valuation and cash flow forecast. Its main purpose is to assess the company's deleveraging trajectory, synergy realization, and free cash flow generation following its acquisition of Equitrans Midstream.

Can I download an Excel financial model for EQT Corporation?+

Yes, an Excel financial model for EQT Corporation is available for download. This model provides a forecast horizon from FY2026 to FY2030, offering detailed assumptions for revenue growth, costs, and capital expenditures.

What is EQT's competitive position in the natural gas market?+

EQT holds a dominant competitive position in the Appalachian Basin, boasting an unlevered NYMEX free cash flow breakeven price of approximately $2.00 per MMBtu. This places the company at the low end of the North American cost curve, indicating strong operational efficiency.

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