Valued at a market cap of $34.9 billion, EQT Corporation (EQT) is a leading U.S. natural gas production company. Headquartered in Pittsburgh, Pennsylvania, it is the largest producer of natural gas in the United States, primarily operating in the Appalachian Basin, with a strong focus on the Marcellus and Utica Shales in Pennsylvania, Ohio, and West Virginia.
The energy giant has underperformed the broader market over the past year. EQT stock prices have soared 11.3% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 16.3% gains. Over the past six months, the stock has surged 6.1%, compared to $SPX’s 9.4% rally.
