EQT · NYSE · CIK 0000033213
EQT Corporation
EQT Corporation holds 4 disclosed positions, 4 of them carrying a sourced value.
EQT Corporation - Profile
- Sector
- EnergyGICS
- Industry
- Crude Petroleum & Natural GasSIC 1311
- Listed on
- NYSE
- Employees
- 1,523stated 2025
- Incorporated in
- Pennsylvania
- Financial year ends
- 31 December
Source
Address, industry classification, listing and incorporation come from EQT Corporation's own SEC filer record, so the industry is the SEC's dry classification rather than a marketing label. The headcount is the figure the sources below state for 2025. The description was written for this site in August 2026 from EQT Corporation Form 10-K for fiscal year 2025 and EQT Corporation Form 8-K reporting completion of the Equitrans Midstream acquisition, 22 July 2024, not taken from any single article.
Share price
EQT
Description
EQT Corporation produces natural gas in the Appalachian Basin and owns the pipelines that move it, reporting three segments: Upstream, Gathering and Transmission. At 31 December 2025 it held 28.0 Tcfe of proved natural gas, natural gas liquids and oil reserves across roughly 2.3 million gross acres, plus about 2,945 miles of pipeline and an interest in the Mountain Valley Pipeline. Sales volumes in 2025 were 2,382 Bcfe at an average realized price of $3.19 per Mcfe, and total operating revenues were $8.64 billion, made up of $8.02 billion from Upstream, $1.30 billion from Gathering and $0.57 billion from Transmission before $1.25 billion of intersegment eliminations. The midstream half of the company came from the acquisition of Equitrans Midstream Corporation, which closed on 22 July 2024 and turned EQT into a vertically integrated producer. It had 1,523 full-time equivalent employees at the end of 2025.
Equity stakes EQT Corporation holds in other companies.
modelled, reported or pending
Select a row or a slice for its provenance: the filing it came from, when it was measured, and the arithmetic behind it if it was modelled.
The full register, from 13F filings
The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 1,145 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.
1,145 managers reported a position, together holding 571.2m shares, or 91.3% of the company. The 40 largest are listed. Percentages are of the 625.5m shares outstanding at 14 Apr 2026, the count in force when this quarter was measured rather than the count today.
Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.
What a reader needs to know to read these numbers
- The Equitrans Midstream Merger. On 22 Jul 2024, EQT completed an all-stock merger with Equitrans Midstream Corporation (CIK 0001747009, later renamed 'Midstream Co LLC' on EDGAR). Each Equitrans Midstream common share converted into the right to receive 0.3504 shares of EQT common stock, totaling 152,427,848 EQT shares issued, aggregate value about $5.5 billion based on EQT's $35.88 closing price. Separately, immediately after closing, EQT paid $685.3 million in cash to purchase and redeem all of Equitrans Midstream's outstanding Series A Perpetual Convertible Preferred Shares; the preferred was cashed out, not converted into EQT stock. This is a share-issuing acquisition, not a stock split, and it is why the FY2024 10-K records $304.8 million of merger transaction costs and a $6.0 billion total purchase-price allocation.
- Which side of 22 Jul 2024 each register source sits on. Every institutional register row here is sourced from a Q2 2026 (30 Jun 2026) Form 13F-HR, roughly two years after the merger closed, so none carries the Devon-style pre-merger understatement risk. The one source that IS stale relative to today is the proxy's own 5-percent-holder table (2026 DEF 14A): its header states the data was 'available to the Company as of February 24, 2025,' but its own footnotes cite Schedule 13G/A amendments filed in May and July 2025, which postdate that header date, an apparent drafting inconsistency in the proxy itself. Because fresher, unambiguously dated Q2 2026 13F data exists for Vanguard, BlackRock and State Street, this file uses the 13F figures (80,011,036 / 60,261,896 / 39,679,249 shares) rather than the proxy's smaller, older 5-percent-holder figures (Vanguard 74,836,918 / 12.0%; BlackRock 40,723,549 / 6.5%; State Street 33,951,362 / 5.4%, each based on 2025 Schedule 13G/A amendments), which are reported here in this note for the record but not used as register rows.
- Checking Equitrans Midstream's own EDGAR history for converted holders (the brief's specific 'find the Wellington' instruction). Equitrans's last pre-merger DEF 14A (filed 4 Mar 2024) shows its top common-stock holders were BlackRock (55,168,841 shares, 12.7%), Vanguard (46,756,511 shares, 10.8%) and Capital International Investors (39,044,595 shares), all already covered by the standard index/active-manager checklist used for EQT. The same proxy also shows three holders of Equitrans's Series A Perpetual Convertible Preferred Shares at over 5% of that class, none of them typical index-fund names: D. E. Shaw Galvanic Portfolios, L.L.C. (3,589,565 preferred shares, 12.0%), NB Burlington Aggregator LP, an NB Alternatives Advisors LLC (Neuberger Berman) vehicle (3,752,308 preferred shares, 12.5%), and CIBC Private Wealth Group, LLC (5,000,000 preferred shares, 16.7%, per a Jan 2024 Schedule 13G). None of the three held Equitrans common stock. As noted above, EQT redeemed all of Equitrans's preferred stock for cash at closing rather than converting it into EQT common stock, so these three were cashed out and are confirmed NOT to be EQT shareholders through the merger. This is the specific check the brief asked for, and unlike Devon's Wellington case, it came up empty here.
- Vanguard case. The Vanguard Group, Inc. (parent CIK 0000102909) filed Form 13F-NT for Q2 2026 (no holdings). Per the brief's rule for a parent reporting nothing, the position is the sum of the successor entities' own 13F-HR filings, not a substitution. An EDGAR company search for 13F-HR filers named 'vanguard' returned 12 CIKs; 11 (excluding the parent and one, Vanguard V Venture Partners LLC, with no Q2 2026 13F filing at all) were individually checked. Eight hold EQT shares, summing to 80,011,036 shares, $4,254,186,784: Vanguard Capital Management LLC, Vanguard Portfolio Management LLC, Vanguard Fiduciary Trust Co, Vanguard Global Advisers LLC, Vanguard Asset Management Ltd, Vanguard Investments Australia Ltd, Vanguard Personalized Indexing Management LLC and Vanguard National Trust Co (CIKs and individual figures in the row's method_note). Three checked entities (Vanguard Advisers Inc, Vanguard Capital Wealth Advisors, Vanguard Marketing Corp) hold zero EQT. This is well beyond the 'usual two' successors the brief warns about, and beyond the five found on a prior company; 11 CIKs were checked here and 8 hold a position.
- BlackRock case. Consistent with the pattern already established on other companies in this database: the original CIK 0001364742 was renamed 'BlackRock Finance, Inc.' in 2024 and, along with every familiar BlackRock operating entity, files Form 13F-NT; confirmed here that BlackRock Finance, Inc. filed no 13F-HR/NT after Q2 2024. The substantive Q2 2026 position (60,261,896 shares) is filed by a newer registrant, also named 'BlackRock, Inc.' (CIK 0002012383).
- T. Rowe Price: both CIKs (Associates 0000080255 and Investment Management, Inc. 0001897612) hold EQT and both report 13F dollar values in THOUSANDS, confirmed by an implied price per share of about $53.16 against EQT's 18 Aug 2026 trading range of roughly $53 to $54 (stockanalysis.com). Summed to one 'T. Rowe Price' family row: 20,712,118 shares, $1,101,265,000.
- Capital Group family: all three CIKs checked (Capital World Investors 0001422849, Capital International Investors 0001562230, Capital Research Global Investors 0001422848). Capital Research Global Investors holds zero EQT shares as of 30 Jun 2026, checked against both 'EQT CORP' and the shorter 'EQT' fragment. The other two hold and are summed to 11,611,183 shares, $617,365,397, as one family row.
- Holdings side. EQT's 10-Q Note 8 (Investments in Unconsolidated Entities) individually names and sizes four equity-method positions as of 30 Jun 2026: MVP A (Series A of the Mountain Valley Pipeline joint venture, 53.2%, $3,289,264 thousand), MVP B (Series B / MVP Southgate, 47.2%, $114,086 thousand), MVP C (Series C / MVP Boost, 53.2%, $399,443 thousand) and Laurel Mountain Midstream, LLC (31.0%, $46,932 thousand), totaling $3,849,725 thousand, plus an unnamed 'Other' line of $48,389 thousand not attributed to any single investee. Per the combined-balance rule, that $48,389 thousand is excluded from holdings entirely; it is noted here and in unknowns rather than assigned to any investee. The FY2024 10-K (as of 31 Dec 2024) had separately named two constituents of what is now that 'Other' bucket, WATT Fuel Cell Corporation (15.63% interest, $14,533 thousand) and Yellowbird Energy LLC (50% interest, $6,135 thousand), but neither is individually disclosed any longer in the FY2025 10-K or the Q2 2026 10-Q, so neither is sized as a holding here.
- Excluded as consolidated (not equity-method) positions: Eureka Midstream Holdings, in which EQT holds a controlling interest and consolidates the entity (with a noncontrolling interest recorded for the minority share, and Eureka's own revolving credit facility consolidated onto EQT's balance sheet); and PipeBox LLC (the 10-Q's 'Midstream Joint Venture'), also stated in Note 9 to be a consolidated subsidiary of the Company. Neither is a holding in the sense this file tracks.
- Also excluded: 'the Investment Fund', a fund the Company holds a fair-value interest in ($48 million at 30 Jun 2026, $33 million at 31 Dec 2025) that invests in technology and operating-solutions companies for exploration and production companies generally. This is a diversified fund-of-companies position, not a stake in a single named company, so it is treated like an index-fund-style position and excluded from holdings, consistent with the brief.
- Working interests, royalty interests and mineral interests in EQT's natural gas properties (overwhelmingly Marcellus and Utica shale acreage in the Appalachian Basin) are NOT equity stakes in other companies and are deliberately excluded from holdings; none of EQT's core exploration-and-production asset base is listed here.
- Register self-gate, computed the way the chart computes it (container residual reduced only where a member rolls up into it; everything else, including any aggregate with no members, counted at full value): 26 rows. Institutional rows (Vanguard 80,011,036 + BlackRock 60,261,896 + State Street 39,679,249 + T. Rowe Price 20,712,118 + Wellington 22,565,479 + Geode 17,026,838 + Morgan Stanley 24,345,547 + JPMorgan 20,541,701 + Capital Group 11,611,183 + Northern Trust 5,588,334 + FMR 2,768,471) = 305,111,852 shares. Named insider members (Toby Z. Rice 2,454,427 + Jordan 529,062 + D.J. Rice IV 314,066 + Knop 81,668 + Bailey 74,636 + Vagt 69,999 + McCartney 66,727 + Vanderhider 59,176 + Karam 47,670 + Bolen 44,914 + Jackson 43,108 + Canaan 62,187 + Hu 33,034 + Fenton 15,467) = 3,896,141 shares, all counted at full value. The 17-person officers-and-directors group is reduced to its residual: 4,510,816 raw minus 3,896,141 in named members = 614,675. Total: 305,111,852 + 3,896,141 + 614,675 = 309,622,668 shares, or 49.50% of 625,516,000 shares outstanding. This is above the chunk-prompt's typical 25 to 45 percent band but below its 55 percent problem ceiling; it reflects unusually thorough manager coverage here (11 institutional managers individually verified, well beyond the usual 8 to 12 row total), not a double-counted holder or a mixed basis. It is comfortably above the 25 percent 'Devon signature' floor the brief specifically warned about for this company.
- Vanguard case decided: parent CIK 0000102909 filed Form 13F-NT for Q2 2026 (no holdings), so the successor entities were summed rather than substituted. 11 Vanguard-family CIKs were checked; 8 hold EQT shares.
Looked for, not found
Recorded rather than filled in. Each of these is a place where a number could have been invented and was not.
- No total membership-unit or interest denominator was disclosed for MVP A, MVP B, MVP C or Laurel Mountain Midstream, LLC in any filing searched, so shares is null for all four holdings and only a percentage interest plus carrying value is recorded.
- The identities and current individual sizes of the equity-method investments inside EQT's combined 'Other' balance ($48,389 thousand as of 30 Jun 2026, $35,724 thousand at 31 Dec 2025). WATT Fuel Cell Corporation and Yellowbird Energy LLC were the last individually-named constituents, in the FY2024 10-K, but the 'Other' bucket may no longer be limited to just those two.
- Whether Vanguard V Venture Partners LLC (CIK 1105567), which filed no Q2 2026 13F, holds any EQT position through an earlier or later filing; not checked beyond confirming the absence of a Q2 2026 filing.
- Morgan Stanley Institutional Investment Advisors LLC and other regional or subsidiary asset-management entities of the checked institutional filers (Morgan Stanley, JPMorgan, FMR) were not individually checked and may add to those family totals.
- Whether CIBC Private Wealth Group, LLC, or any other small pre-merger Equitrans Series A Preferred holder, separately holds EQT common stock; not checked given the finding that all Equitrans preferred was cash-redeemed at the merger close rather than converted.
- An exact, non-rounded EQT share price at the moment of the Q2 2026 13F measurement date (30 Jun 2026); the T. Rowe Price thousands-convention check instead used EQT's 18 Aug 2026 trading range (about $53 to $54) as the nearest sourced price, since a precise 30 Jun 2026 closing price was not separately fetched.
- Whether the Rice Investment Group L.P. (RIG) fund itself, as distinct from Toby Z. Rice's and Daniel J. Rice IV's personal holdings, holds any EQT common stock; the proxy's RIG governance-policy section discusses only RIG's stakes in unrelated oilfield-technology portfolio companies and discloses no RIG position in EQT.
