Full-Time
Fundamentals Analyst
Multiple Teams
EQT Corporation
1,001-5,000 employees
Produces natural gas via integrated operations
No salary listed
Remote in USA
Remote
Remote work excludes California, Connecticut, Delaware, Illinois, Indiana, Louisiana, Massachusetts, Michigan, New Jersey, New York, and Tennessee unless you relocate.
Bachelor's
 Finance & Banking (1) |
|---|
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- A bachelor's degree in economics, engineering, finance, data science, business, or a related field is required.
- At least 5 years of experience in natural gas markets is required.
- Experience building regional natural gas supply-demand balances and analyzing pipeline flows, weather-sensitive demand, storage activity, and basis markets is required.
- Strong Excel modeling skills are required.
- A deep understanding of the physical natural gas market, pipeline infrastructure, and pricing dynamics is required.
- The ability to synthesize and present complex information clearly and persuasively is required.
- The ability to work independently, prioritize effectively, and deliver high-quality results under tight deadlines is required.
- The ability to travel up to 10% of the time for customer meetings, industry conferences, market participant engagement, and department-wide events is required.
- Build and maintain detailed Midwest natural gas supply-demand balance models incorporating Appalachian and Midcontinent supply flows, Canadian imports, storage activity, pipeline receipts and deliveries, residential and commercial demand, power burn, industrial demand, and regional exports.
- Develop short- and long-term market forecasts based on regional supply-demand balances.
- Monitor pipeline operations, maintenance activity, constraints, storage utilization, import capacity, regional transportation corridors, and basis market movements impacting Midwest supply-demand balances.
- Analyze the interaction among Appalachian, Western Canadian, Rockies, Midcontinent, and Gulf Coast supply sources.
- Monitor natural gas consumption across key Midwest industries, including manufacturing, refining, petrochemicals, steel, fertilizer, ethanol, food processing, and other agricultural or industrial end users.
- Identify structural changes, facility developments, outages, and economic trends that may affect regional demand.
- Analyze the fundamental drivers of Midwest pricing locations and basis relationships, including Chicago, Dawn, MichCon, Consumers Energy, ANR, Northern Natural Gas, NGPL, and other relevant regional markets.
- Identify changes in transportation economics, supply sourcing, market connectivity, and infrastructure that may create trading or commercial opportunities.
- Create dashboards, presentations, recurring reports, and analytical tools that communicate market data, forecasts, and trading-relevant insights to stakeholders across the organization.
- Work closely with origination, trading, operations, scheduling, and commodities analytics teams to align market views, assumptions, and methodologies.
- Provide actionable market insights and recommendations to Commodities leadership and senior management, contributing to strategy, asset optimization, and risk management decisions.
- An advanced degree is a plus.
- Familiarity with data tools such as Python, SQL, Power BI, or other programming and visualization platforms is a plus.
- Experience working within Midwest natural gas markets is preferred.
- Experience with EIA, PointLogic, Genscape, pipeline electronic bulletin boards, or similar data sources is preferred.
- Prior experience supporting a trading desk is preferred.
EQT Corporation is the largest-scale, vertically integrated natural gas producer in the United States, with operations in Pennsylvania, West Virginia, and Ohio. It develops natural gas fields in the Appalachian Basin, processes the gas, and delivers it to customers through its own supply chain, aiming to provide affordable and reliable energy. Its vertical integration—from exploration to delivery—lets EQT control costs and reliability end-to-end, setting it apart from non-integrated producers. The company’s goal is to create long-term value for employees, landowners, communities, partners, and investors while providing cleaner energy to the world.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Pittsburgh, Pennsylvania
Founded
1888
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Simplify's Take
What believers are saying
- EQT raised 2026 production guidance 90 Bcfe and cut capex $25 million on July 21.
- EQT signed a five-year Asian LNG offtake and a ten-year CPV supply deal.
- Southgate acceleration and Blackline Midstream add cash flow, vertical integration, and New England terminals.
What critics are saying
- Natural-gas prices still drive earnings; Q2 2026 revenue fell 29% on weaker realizations.
- Appalachian concentration leaves EQT exposed to Marcellus pipeline constraints and regional regulatory shocks.
- Toby Rice sold 175,328 shares on August 14, 2026; insider confidence looks thin.
What makes EQT Corporation unique
- EQT controls America’s largest natural-gas position, anchored in low-cost Appalachian acreage.
- Compression investments and midstream ownership lift output, cut declines, and reduce basis losses.
- Minimal hedging lets Toby Rice capture price spikes better than peers.
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Remote Work Options
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Company News
EQT Corporation's shares surged 8.5% on Wednesday despite missing second-quarter earnings estimates. Revenue fell 29% to $1.81 billion, missing forecasts by $30 million, while adjusted earnings per share declined 13% to $0.39. However, the natural gas driller announced several positive developments. The company raised its full-year production guidance to 2.38-2.45 trillion cubic feet whilst simultaneously cutting capital expenditure guidance by $25 million. Management also unveiled significant new supply agreements, including a 10-year deal with Competitive Power Ventures' Shay Energy Center and a five-year liquefied natural gas offtake agreement with an Asian power company for 500,000 metric tons annually. These long-term contracts and improved cost efficiency appeared to offset concerns about lower natural gas prices, driving investor optimism.
EQT Corp raised its 2026 production forecast by approximately 90 Bcfe to 2,375–2,450 Bcfe whilst reducing capital spending by $25 million to $2.04–$2.19 billion. The adjustments follow stronger well performance and operational efficiencies that boosted second-quarter output. The US natural gas producer reported second-quarter sales of 634 Bcfe, exceeding forecasts, whilst capital expenditure totalled $666 million, 9% below guidance. Free cash flow reached $330 million. EQT signed a 10-year supply agreement with Competitive Power Ventures for 325,000 Dth/d of natural gas and secured a five-year LNG offtake agreement with an Asian energy company beginning in 2028, expected to increase annual free cash flow by approximately $45 million. The company completed a $77 million acquisition of Blackline Midstream, adding two propane terminals in New England.
Joby Aviation, EQT, and X-Energy hit 52-week lows on Friday as investors retreated from capital-intensive companies facing uncertain growth timelines. Joby Aviation fell to $7.67, down nearly 50% over six months, amid concerns about high development costs. The company raised $1.2 billion earlier this year through share sales and convertible notes, sparking dilution worries. First-quarter revenue of $24 million beat expectations, but losses reached $110 million due to certification and manufacturing expenses. EQT dropped to $47.94 as weak natural gas prices, elevated inventories, and mild weather pressured the sector ahead of its 21 July earnings report. X-Energy slid to a record low of $15.25, weighed down by mounting losses, project delays, and heavy spending requirements.
EQT Corporation reported stronger-than-expected quarterly results, driven by higher natural gas prices and sales volumes from surging demand in power generation, data centres and liquefied natural gas exports. The company's Q1 2026 results showed $3.38 billion in revenue and $1.49 billion in net income. Institutional investors have highlighted EQT's low-cost Marcellus shale position and growing role in supplying energy to AI-linked data infrastructure as key strengths. The pure-play natural gas producer is benefiting from data centre and power demand flowing through to its income statement whilst reducing debt and maintaining its dividend. However, key risks remain around decarbonisation policy, Appalachian concentration and potential overestimation of AI-driven gas demand. EQT's narrative projects $10.1 billion revenue and $3.4 billion earnings by 2029, requiring 2.6% yearly revenue growth.
EQT has launched EQT Infrastructure VII, a new fund targeting €21 billion focused on digital economy assets including AI-driven data centres and fibre networks. The launch reflects growing institutional investor interest in digital and AI infrastructure. EQT shares are trading at $54.68, down 2.7% over the past week and 6.8% over the past month, though up 2.3% year-to-date. The stock trades approximately 23.9% below analysts' $70.04 price target and is assessed as undervalued. The infrastructure fund's focus on data centres and connectivity may influence investor perception of EQT's exposure to long-term digital and AI themes beyond its core oil and gas operations. However, significant insider selling over the past three months has been flagged as a risk factor.