Full-Time
Fundamentals Analyst
Multiple Teams
Updated on 8/20/2026
EQT Corporation
1,001-5,000 employees
Produces natural gas via integrated operations
No salary listed
Houston, TX, USA
In Person
Requires up to 25% travel to Canonsburg, Pennsylvania, and to domestic and international conferences and events.
Bachelor's, Master's
 Business & Strategy (1) |
|---|
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- At least 5 years of experience in global energy or commodity markets, focused on natural gas and liquefied natural gas fundamentals.
- A bachelor's degree in economics, engineering, energy systems, finance, or a related field.
- Deep understanding of global gas pricing mechanisms, including TTF, JKM, and Henry Hub, as well as shipping logistics and interregional trade dynamics.
- Strong modeling skills in Excel; familiarity with Python, SQL, Power BI, or equivalent is a plus.
- Ability to synthesize complex data and communicate insights clearly to technical and non-technical audiences.
- Ability to manage multiple priorities in a fast-paced, collaborative environment.
- Build and maintain detailed international supply-and-demand models for liquefied natural gas and pipeline gas flows, including liquefaction and export, regasification and import, vessel tracking, storage, industrial, power, and residential demand, and interregional flows.
- Leverage global datasets, including Kpler, IEA, customs data, price indices, shipping models, and weather models, to identify trends, bottlenecks, arbitrage opportunities, and disruptions across Asia, Europe, and Latin America.
- Develop multi-scenario global outlooks covering geopolitical events, policy changes, weather shocks, trade flows, and sanctions to forecast market behavior.
- Track global forward and spot indicators, including liquefied natural gas vessel movements, pricing differentials, storage levels, and policy updates, to identify directional shifts and risks.
- Partner with trading, origination, strategy, and analytics teams to align views and provide actionable insights.
- Represent EQT in external discussions, conferences, and industry forums focused on global gas and liquefied natural gas trends.
- Advanced degree.
- Experience using datasets or tools such as Kpler, IEA, Bloomberg, customs and trade flows, or similar.
- Prior experience supporting a trading desk.
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
- July 21, 2026 Q2 production hit 634 Bcfe, above guidance, with $330 million FCF.
- EQT raised 2026 output to 2.38-2.45 Tcfe and cut capex $25 million.
- CPV and Asian LNG deals lock demand through 2028 and add $45 million FCF.
What critics are saying
- Q2 revenue fell 29% to $1.81 billion, showing brutal price sensitivity despite higher volumes.
- EQT still concentrates assets in Appalachia, tying earnings to one basin and takeaway network.
- Prolonged Appalachian basis blowouts erase its low-cost edge and crush valuation.
What makes EQT Corporation unique
- EQT owns the lowest-cost Appalachian gas position and the largest U.S. gas scale.
- Toby Rice's minimalist hedging strategy keeps EQT exposed to rallies, not capped by collars.
- Vertical integration expanded with Blackline Midstream, adding New England propane terminals in July 2026.
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Benefits
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.