Headquartered in Pittsburgh, Pennsylvania, EQT Corporation (EQT) boasts a market cap of $18.5 billion and is the largest natural gas (NGM24) producer in the U.S. Its operations are primarily centered in the Appalachian Basin, covering Ohio, Pennsylvania, and West Virginia.
Shares of EQT have lagged behind the broader market over the past year. While EQT has surged 15.7% over this time frame, the broader S&P 500 Index ($SPX) is up 26.6%. The stock has soared 8.4% in 2024 alone, lower than SPX’s YTD return of 11.3%.
