Stock Analysis on Net

EQT Corp. (NYSE:EQT)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 27, 2022.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

EQT Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Noncontrolling interest in consolidated subsidiaries (per books)
Total equity
Add: Current portion of debt (per books)
Add: Credit facility borrowings (per books)
Add: Term Loan Facility borrowings (per books)
Add: Senior notes (per books)
Add: Note payable to EQM Midstream Partners, LP (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

EQT Corp., EV calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Noncontrolling interest in consolidated subsidiaries (book value)
Total equity
Add: Current portion of debt (book value)
Add: Credit facility borrowings (book value)
Add: Term Loan Facility borrowings (book value)
Add: Senior notes (book value)
Add: Note payable to EQM Midstream Partners, LP (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of EQT Corp. Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Common Equity (Market Value)
The common equity market value exhibited significant volatility over the analyzed periods. It started at a high of approximately $14.1 billion at the end of 2017, then sharply declined to about $4.6 billion by the end of 2018. This downward trend continued through 2019, reaching a low near $1.37 billion. However, in the subsequent years, common equity recovered notably, rising to roughly $5.35 billion in 2020 and further increasing to about $8.15 billion by the end of 2021.
Total Equity
Similar to common equity, total equity mirrored a substantial decline from around $19.2 billion in 2017 to approximately $4.6 billion in 2018, followed by a continued decrease to about $1.37 billion in 2019. A recovery phase ensued with total equity increasing to roughly $5.35 billion in 2020 and nearly $8.16 billion in 2021. The close alignment between total equity and common equity values indicates minimal impact from preferred stock or other equity components.
Total Equity and Debt
This combined metric showed a more moderate volatility compared to equity alone. Starting at about $25.2 billion in 2017, it dropped significantly to just over $10.1 billion in 2018 and further decreased to approximately $6.67 billion in 2019. However, the metric rebounded in the following years, reaching near $10.3 billion in 2020 and increasing further to around $13.6 billion by the close of 2021. This pattern suggests adjustments in debt levels alongside equity changes contributed to the total capital structure dynamics.
Enterprise Value (EV)
Enterprise value followed a similar trajectory to total equity and debt, starting high at approximately $25.2 billion at the end of 2017 and declining sharply to about $10.1 billion in 2018 and further down to $6.66 billion in 2019. It then showed a recovery trend, increasing to approximately $10.3 billion in 2020 and nearly $13.5 billion by the end of 2021. The EV values closely track total equity and debt figures, indicating consistent valuation adjustments in the market reflecting both equity and debt components.