Pittsburgh, Pennsylvania-based EQT Corporation (EQT) engages in the production, gathering, and transmission of natural gas. With a market cap of $36.2 billion, the company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and EQT fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the oil and gas E&P industry. EQT benefits from being the largest natural gas producer in the domestic market, with its operations in the basin spanning millions of acres and comprising proved oil and gas reserves.
