PerpEquities

Equity

EQT Corporation (EQT) perpetual futures

EQT perpetual futures on 5 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade EQTUSDT.

EQT Corporation extracts natural gas and natural gas liquids such as ethane, propane and butane in the United States, with reserves concentrated in the Marcellus shale formation and headquarters in Pittsburgh, Pennsylvania.

$52.41+1.8%NYSE closed
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Collecting venue price data...
venue perp mark · Binance (EQT/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

5/5 live markets
Venues
5
Live markets
5/5
24h volume
$575.2K
Open interest
$42.4KCoverage: 4/5 markets
Best liquidity
$249.1K
LBank
Tightest spread
+47.7 bps
XT.com
Highest volume
$230.8K
Binance
Settlement mix
USDT · 5/5
Perp/spot vol.
0.00x
Spot volume $371M
OI / float
0.00%
Float $32.4B
Spot performance
1D+1.76%
5D+1.98%
1M+9.49%
6M-5.57%
YTD+3.79%
1Y+3.50%

Venue matrix

5 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BinanceTradeEQT/USDTTrading$52.50-121.7% APR
-0.111% every 8h
+137.2 bps$5.2K$230.8K$24.2KUSDT-
BingXTradeEQT-USDTTrading$52.36-116.4% APR
-0.106% every 8h
+76.4 bps$4.3K$179.5K$5.1KUSDT-
LBankTradeEQT/USDTTrading$52.41-119.2% APR
-0.109% every 8h
+63.1 bps$249.1K$146.1K-USDT50x
MEXCTradeEQT/USDTTrading$52.46-120.7% APR
-0.110% every 8h
+133.4 bps$5.5K$18.3K$12.7KUSDT20x
XT.comTradeEQT/USDTTrading$52.50+11.1% APR
+0.010% every 8h
+47.7 bps-$419.1$404.3USDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 5 venues absorb $10k · Typical cost: +97.8 bps

Cheapest execution: LBank · +97.8 bps

Too thin: BingX

No fresh book data: MEXC, Binance, XT.com

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

EQT

Tightest spread

EQT

Highest volume

EQT

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 37m ago
Market cap
$34.8B
Updated 37m ago
Revenue
$9.3B
Trailing 12 months
Revenue growth
+1%
Next fiscal year
Profit margin
+30.7%
P/E
12.2
Peer P/E 20.4
Free cash flow
$3.8B
Trailing 12 months
More metrics
Net income
$2.8B
Trailing 12 months
P/S
3.7
Peer P/E
20.4
Similar listed perps
Revenue estimate
$9.1B
Next fiscal year
Earnings
2026-10-27
Revenue est. $1.8B · Updated 37m ago
Dividend
$0.17
2026-11-04

Fundamental detail

Annual + quarterly
Latest revenue$9.1B
Net margin+22.5%
Free cash flow$2.8B
Net debt$7.7B
2020$2.7B
2021$6.8B
2022$12.1B
2023$5.1B
2024$5.2B
2025$9.1B
PeriodRevenueGrowthNet incomeFCF
2020$2.7B-30%-$958.8M$495.5M
2021$6.8B+157%-$1.1B$607.3M
2022$12.1B+78%$1.8B$2.1B
2023$5.1B-58%$1.7B$1.2B
2024$5.2B+3%$230.6M$573.3M
2025$9.1B+74%$2B$2.8B
PeriodGross marginOperating marginNet marginROEROA
2020+40.8%-33.0%-36.1%-10.4%-5.3%
2021+43.8%-19.9%-16.7%-11.5%-5.0%
2022+66.4%+22.4%+14.6%+15.9%+7.8%
2023+18.6%+45.6%+34.2%+11.7%+6.9%
2024+14.7%+13.1%+4.4%+1.1%+0.6%
2025+48.9%+34.7%+22.5%+8.6%+4.9%
PeriodCashDebtNet debtCurrent ratio
2020$18.2M$5B$4.9B0.69
2021$114M$5.6B$5.5B0.44
2022$1.5B$5.7B$4.3B1.08
2023$81M$5.8B$5.8B0.99
2024$202.1M$9.4B$9.2B0.70
2025$110.8M$7.8B$7.7B0.76
PeriodMarket capEnterprise valueP/SP/E
2020$3.3B$8.2B1.2-3.4
2021$7B$12.6B1.0-6.1
2022$12.5B$16.8B1.07.1
2023$14.7B$20.5B2.98.5
2024$23.5B$32.7B4.5102.5
2025$33.5B$41.2B3.716.1
Q3 2024$1.2B
Q4 2024$1.8B
Q1 2025$2.4B
Q2 2025$2.6B
Q3 2025$1.8B
Q4 2025$2.3B
Q1 2026$3.4B
Q2 2026$1.8B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$1.2B+21%-$300.8M$23.5M
Q4 2024$1.8B+32%$418.4M$164.7M
Q1 2025$2.4B+85%$242.1M$1.2B
Q2 2025$2.6B+187%$784.1M$692.1M
Q3 2025$1.8B+50%$335.9M$391.3M
Q4 2025$2.3B+26%$677.1M$521.3M
Q1 2026$3.4B+40%$1.6B$2.5B
Q2 2026$1.8B-29%$281.4M$397.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+7.6%-23.2%-24.7%-1.5%-0.8%
Q4 2024+38.6%+43.2%+23.1%+2.0%+1.1%
Q1 2025+55.0%+20.5%+10.0%+1.2%+0.6%
Q2 2025+54.7%+44.3%+30.7%+3.7%+2.0%
Q3 2025+36.2%+33.1%+18.4%+1.5%+0.8%
Q4 2025+45.9%+40.2%+29.8%+2.9%+1.6%
Q1 2026+98.4%+60.3%+46.0%+6.2%+3.7%
Q2 2026+73.2%+25.1%+15.6%+1.1%+0.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$89M$13.8B$13.7B0.51
Q4 2024$202.1M$9.4B$9.2B0.70
Q1 2025$281.8M$8.4B$8.1B0.57
Q2 2025$555.5M$8.3B$7.8B0.71
Q3 2025$235.7M$7.9B$7.7B0.58
Q4 2025$110.8M$7.8B$7.7B0.76
Q1 2026$326.6M$5.7B$5.4B0.66
Q2 2026$112.9M$5.7B$5.5B0.67
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$20.5B$34.2B16.8-17.0
Q4 2024$27.8B$36.9B15.416.5
Q1 2025$31.9B$40.1B13.233.4
Q2 2025$34.9B$42.7B13.711.1
Q3 2025$34B$41.7B18.625.2
Q4 2025$33.5B$41.2B14.712.4
Q1 2026$39.8B$45.2B11.86.4
Q2 2026$33.3B$38.8B18.430.2

Refreshed 37m ago

Charts: revenue, profit, cash flow & valuation
Revenue$1.8BQ2 2026
$844.7M$1.7B$2.5B$3.4BQ3 2023: $1BQ4 2023: $1.4BQ1 2024: $1.3BQ2 2024: $891.2MQ3 2024: $1.2BQ4 2024: $1.8BQ1 2025: $2.4BQ2 2025: $2.6BQ3 2025: $1.8BQ4 2025: $2.3BQ1 2026: $3.4BQ2 2026: $1.8BQ3 2023Q2 2026
Net income$281.4MQ2 2026
$162.9M$626.6M$1.1B$1.6BQ3 2023: $81.3MQ4 2023: $502.1MQ1 2024: $103.5MQ2 2024: $9.5MQ3 2024: -$300.8MQ4 2024: $418.4MQ1 2025: $242.1MQ2 2025: $784.1MQ3 2025: $335.9MQ4 2025: $677.1MQ1 2026: $1.6BQ2 2026: $281.4MQ3 2023Q2 2026
EBITDA$1.1BQ2 2026
$684.7M$1.4B$2.1B$2.7BQ3 2023: $465.3MQ4 2023: $1.2BQ1 2024: $668.5MQ2 2024: $486.7MQ3 2024: $345.3MQ4 2024: $1.4BQ1 2025: $1.1BQ2 2025: $1.8BQ3 2025: $1.3BQ4 2025: $1.7BQ1 2026: $2.7BQ2 2026: $1.1BQ3 2023Q2 2026
Free cash flow$397.8MQ2 2026
$437M$1.1B$1.8B$2.5BQ3 2023: -$49.5MQ4 2023: $91.2MQ1 2024: $621.2MQ2 2024: -$236.1MQ3 2024: $23.5MQ4 2024: $164.7MQ1 2025: $1.2BQ2 2025: $692.1MQ3 2025: $391.3MQ4 2025: $521.3MQ1 2026: $2.5BQ2 2026: $397.8MQ3 2023Q2 2026
EPS$0.44Q2 2026
$0.22$0.98$1.73$2.49Q3 2023: $0.2Q4 2023: $1.13Q1 2024: $0.23Q2 2024: $0.02Q3 2024: -$0.54Q4 2024: $0.69Q1 2025: $0.4Q2 2025: $1.3Q3 2025: $0.53Q4 2025: $1.08Q1 2026: $2.49Q2 2026: $0.44Q3 2023Q2 2026
Cash / Debt$112.9MQ2 2026
$3.4B$6.9B$10.3B$13.8BQ3 2023 · Cash: $64.8MQ3 2023 · Debt: $5.9BQ4 2023 · Cash: $81MQ4 2023 · Debt: $5.8BQ1 2024 · Cash: $648MQ1 2024 · Debt: $5.5BQ2 2024 · Cash: $30MQ2 2024 · Debt: $5BQ3 2024 · Cash: $89MQ3 2024 · Debt: $13.8BQ4 2024 · Cash: $202.1MQ4 2024 · Debt: $9.4BQ1 2025 · Cash: $281.8MQ1 2025 · Debt: $8.4BQ2 2025 · Cash: $555.5MQ2 2025 · Debt: $8.3BQ3 2025 · Cash: $235.7MQ3 2025 · Debt: $7.9BQ4 2025 · Cash: $110.8MQ4 2025 · Debt: $7.8BQ1 2026 · Cash: $326.6MQ1 2026 · Debt: $5.7BQ2 2026 · Cash: $112.9MQ2 2026 · Debt: $5.7BQ3 2023Q2 2026
CashDebt
Profitability+73.2%Q2 2026
+6.1%+36.8%+67.6%+98.4%Q3 2023 · Gross margin: +49.4%Q4 2023 · Gross margin: +57.2%Q1 2024 · Gross margin: +55.8%Q2 2024 · Gross margin: -23.2%Q3 2024 · Gross margin: +7.6%Q4 2024 · Gross margin: +38.6%Q1 2025 · Gross margin: +55.0%Q2 2025 · Gross margin: +54.7%Q3 2025 · Gross margin: +36.2%Q4 2025 · Gross margin: +45.9%Q1 2026 · Gross margin: +98.4%Q2 2026 · Gross margin: +73.2%Q3 2023 · Operating margin: +1.6%Q4 2023 · Operating margin: +52.7%Q1 2024 · Operating margin: +14.0%Q2 2024 · Operating margin: +0.3%Q3 2024 · Operating margin: -23.2%Q4 2024 · Operating margin: +43.2%Q1 2025 · Operating margin: +20.5%Q2 2025 · Operating margin: +44.3%Q3 2025 · Operating margin: +33.1%Q4 2025 · Operating margin: +40.2%Q1 2026 · Operating margin: +60.3%Q2 2026 · Operating margin: +25.1%Q3 2023 · Net margin: +8.1%Q4 2023 · Net margin: +36.6%Q1 2024 · Net margin: +7.9%Q2 2024 · Net margin: +1.1%Q3 2024 · Net margin: -24.7%Q4 2024 · Net margin: +23.1%Q1 2025 · Net margin: +10.0%Q2 2025 · Net margin: +30.7%Q3 2025 · Net margin: +18.4%Q4 2025 · Net margin: +29.8%Q1 2026 · Net margin: +46.0%Q2 2026 · Net margin: +15.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-29.2%Q2 2026
+24.8%+78.9%+132.9%+187.0%Q3 2024: +20.7%Q4 2024: +31.9%Q1 2025: +85.2%Q2 2025: +187.0%Q3 2025: +49.8%Q4 2025: +25.8%Q1 2026: +39.7%Q2 2026: -29.2%Q3 2023Q2 2026
Shares outstanding625.5MQ2 2026
157.1M314.2M471.2M628.3MQ3 2023: 416.2MQ4 2023: 445.4MQ1 2024: 445MQ2 2024: 444.9MQ3 2024: 559.6MQ4 2024: 602.5MQ1 2025: 602.8MQ2 2025: 602.9MQ3 2025: 628.3MQ4 2025: 624.5MQ1 2026: 625.1MQ2 2026: 625.5MQ3 2023Q2 2026
Valuation30.2Q2 2026
93.9204.8315.7426.6Q3 2023 · P/E: 48.3Q4 2023 · P/E: 8.1Q1 2024 · P/E: 38.7Q2 2024 · P/E: 426.6Q3 2024 · P/E: -17.0Q4 2024 · P/E: 16.5Q1 2025 · P/E: 33.4Q2 2025 · P/E: 11.1Q3 2025 · P/E: 25.2Q4 2025 · P/E: 12.4Q1 2026 · P/E: 6.4Q2 2026 · P/E: 30.2Q3 2023 · P/S: 15.4Q4 2023 · P/S: 11.8Q1 2024 · P/S: 12.5Q2 2024 · P/S: 18.2Q3 2024 · P/S: 16.8Q4 2024 · P/S: 15.4Q1 2025 · P/S: 13.2Q2 2025 · P/S: 13.7Q3 2025 · P/S: 18.6Q4 2025 · P/S: 14.7Q1 2026 · P/S: 11.8Q2 2026 · P/S: 18.4Q3 2023Q2 2026
P/EP/S
Revenue$9.1B2025
$3B$6.1B$9.1B$12.1B2018: $4.7B2019: $3.8B2020: $2.7B2021: $6.8B2022: $12.1B2023: $5.1B2024: $5.2B2025: $9.1B20182025
Net income$2B2025
-$1.2B-$102.7M$968.3M$2B2018: -$2.2B2019: -$1.2B2020: -$958.8M2021: -$1.1B2022: $1.8B2023: $1.7B2024: $230.6M2025: $2B20182025
EBITDA$5.9B2025
$662M$2.4B$4.1B$5.9B2018: -$1.1B2019: $200.3M2020: $450.1M2021: $429.1M2022: $4.3B2023: $4.1B2024: $2.9B2025: $5.9B20182025
Free cash flow$2.8B2025
$142.8M$1B$1.9B$2.8B2018: -$755.5M2019: $249.3M2020: $495.5M2021: $607.3M2022: $2.1B2023: $1.2B2024: $573.3M2025: $2.8B20182025
EPS$3.312025
-$5.35-$2.11$1.13$4.382018: -$8.62019: -$4.792020: -$3.712021: -$3.572022: $4.382023: $4.22024: $0.412025: $3.3120182025
Cash / Debt$110.8M2025
$2.3B$4.7B$7B$9.4B2018 · Cash: $3.5M2018 · Debt: $5.5B2019 · Cash: $4.6M2019 · Debt: $5.3B2020 · Cash: $18.2M2020 · Debt: $5B2021 · Cash: $114M2021 · Debt: $5.6B2022 · Cash: $1.5B2022 · Debt: $5.7B2023 · Cash: $81M2023 · Debt: $5.8B2024 · Cash: $202.1M2024 · Debt: $9.4B2025 · Cash: $110.8M2025 · Debt: $7.8B20182025
CashDebt
Profitability+48.9%2025
-27.5%+3.8%+35.1%+66.4%2018 · Gross margin: +61.9%2019 · Gross margin: +54.5%2020 · Gross margin: +40.8%2021 · Gross margin: +43.8%2022 · Gross margin: +66.4%2023 · Gross margin: +18.6%2024 · Gross margin: +14.7%2025 · Gross margin: +48.9%2018 · Operating margin: -58.8%2019 · Operating margin: -30.3%2020 · Operating margin: -33.0%2021 · Operating margin: -19.9%2022 · Operating margin: +22.4%2023 · Operating margin: +45.6%2024 · Operating margin: +13.1%2025 · Operating margin: +34.7%2018 · Net margin: -47.4%2019 · Net margin: -32.2%2020 · Net margin: -36.1%2021 · Net margin: -16.7%2022 · Net margin: +14.6%2023 · Net margin: +34.2%2024 · Net margin: +4.4%2025 · Net margin: +22.5%20182025
Gross marginOperating marginNet margin
Revenue growth+73.7%2025
-4.4%+49.5%+103.4%+157.3%2019: -19.8%2020: -30.0%2021: +157.3%2022: +77.5%2023: -58.2%2024: +3.0%2025: +73.7%20182025
Shares outstanding624.5M2025
156.1M312.3M468.4M624.5M2018: 260.9M2019: 255.1M2020: 260.6M2021: 323.2M2022: 406.5M2023: 413.2M2024: 559.6M2025: 624.5M20182025
Valuation16.12025
21.048.275.3102.52018 · P/E: -2.22019 · P/E: -2.32020 · P/E: -3.42021 · P/E: -6.12022 · P/E: 7.12023 · P/E: 8.52024 · P/E: 102.52025 · P/E: 16.12018 · P/S: 1.02019 · P/S: 0.72020 · P/S: 1.22021 · P/S: 1.02022 · P/S: 1.02023 · P/S: 2.92024 · P/S: 4.52025 · P/S: 3.720182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-27
Revenue est. $1.8B · Updated 37m ago
Dividend
$0.17
2026-11-04

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.94$9.1B+1%13
FY 20273.66$8.9B-2%11
FY 20285.22$10.1B+11%10
FY 20296.45$11B+21%4
FY 20306.57$11.2B+23%4
Q1 20281.67$2.7B-20%8

Company events

6
2026-11-04Dividend$0.17-
2026-10-27EarningsActual - / Estimate 0.37-
2026-08-05Dividend$0.165-
2026-07-21EarningsActual 0.39 / Estimate 0.41Miss
2026-05-06Dividend$0.165-
2026-04-21EarningsActual 2.33 / Estimate 2.08Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering EQT have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings173509
Analysts2841
Buy / hold / sell119 / 54 / 0319 / 187 / 3
Upgrades / downgrades / initiations0 / 2 / 712 / 7 / 17
Price targets hit / missed11 / 151 (7%)198 / 280 (41%)
Avg. return after a rating (TipRanks)-15.8%+2.2%
Best / worst call+11.3% / -29.6%+154.9% / -30.5%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Oct 20, 2026Neil MehtaGoldman SachsBuyMaintained$62.00
Oct 16, 2026Bob BrackettBernsteinBuyReiterated$68.00
Oct 16, 2026Sam MargolinWells FargoBuyReiterated$79.00
Oct 16, 2026Bob BrackettBernsteinBuyReiterated$68.00
Oct 15, 2026Nitin Kumar CFAMizuho SecuritiesBuyMaintained$68.00

TipRanks data via FMP · computed Oct 26, 2026 · 173 ratings

Frequently asked questions

Where can I trade EQT perpetual futures?

EQT Corporation (EQT) perpetual futures trade on 5 crypto venues, including Binance, BingX, LBank. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade EQT around the clock?

Yes. Unlike the underlying stock, EQT perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on EQT perpetuals?

Right now the EQT perp funding rate is -119.2% annualized (venue median), ranging from -121.7% to +11.1% across 5 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the EQT perp price compare to the EQT Corporation stock?

The venue-median EQT perp mark is $52.5 versus a reference stock price of $52.4, a basis of +0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a EQT perpetual future?

A EQT perpetual is a derivative that tracks the price of EQT Corporation with no expiry date. It lets you take long or short exposure to EQT Corporation on crypto venues, around the clock.

What is EQTUSDT perpetual?

EQTUSDT is the symbol most crypto exchanges use for the EQT Corporation perpetual settled in USDT (Tether). It tracks the EQT share price through an index, trades 24/7 with leverage and never expires.

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