EQT Corporation is an American energy company that was founded in 1888 as Equitable Gas Company in Pittsburgh, Pennsylvania. The company later changed its name to EQT Corporation in 1994, and it has since grown to become one of the largest natural gas producers in the United States. EQT is focused on the exploration, production, and transportation of natural gas and natural gas liquids, with operations primarily in the Appalachian Basin.
EQT's core business involves the acquisition and development of natural gas reserves, as well as the gathering, transmission, and marketing of natural gas and natural gas liquids. The company operates a large network of natural gas pipelines and processing plants, which enable it to transport and process natural gas from production sites to end-users. EQT also engages in midstream and downstream operations, including the production of natural gas liquids such as ethane, propane, and butane, which are used as feedstocks in petrochemical and industrial processes.
In recent years, EQT has focused on expanding its business through strategic acquisitions and partnerships. In 2018, the company completed the acquisition of Rice Energy, a leading natural gas producer in the Appalachian Basin, which has significantly expanded EQT's production capacity and reserve base. EQT has also entered into joint ventures with other major energy companies to develop new natural gas projects, and has invested in renewable energy technologies such as solar and wind power.