EQT Corp (EQT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: October 22, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 37.88% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
620M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

EQT currently has 625M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 37.88% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 22, 2025

10-Q filing | 624.5M shares outstanding

620M 0
Jul 23, 2025

10-Q filing | 602.9M shares outstanding

600M 0
Jul 01, 2025

8-K filing: EQT issued 25,229,166 shares of its common stock to the Sellers as partial consideration for the Olympus Energy Acquisition.

600M 0
Apr 23, 2025

10-Q filing | 598.0M shares outstanding

600M 0
Apr 22, 2025

8-K filing: EQT Corporation will issue 26,031,237 shares of its common stock to Olympus Energy LLC, Hyperion Midstream LLC and Bow& Arrow Land Company LLC as partial consideration for the Acquisition, subject to closing adjustments.

600M 0
Feb 19, 2025

10-K filing | 597.4M shares outstanding

600M 0
Nov 26, 2024

8-K filing: EQM Midstream Partners, LP contributed assets to a joint venture in exchange for 364,285,715 Class A Units, while an affiliate of Blackstone Credit & Insurance contributed $3.5 billion in cash for 350,000,000 Class B Units. ($3500.0M proceeds)

560M 0
Oct 30, 2024

10-Q filing | 559.6M shares outstanding

560M 0
Jul 24, 2024

10-Q filing | 442.0M shares outstanding

440M 0
May 16, 2024

8-K filing: EQT Corporation consummated the acquisition of upstream oil and gas assets by issuing 49,599,796 shares of EQT common stock and approximately $2.4 billion in cash.

440M 0
Apr 24, 2024

10-Q filing | 439.5M shares outstanding

440M 0
Feb 14, 2024

10-K filing | 413.2M shares outstanding

410M 0
Jan 17, 2024

8-K filing: EQT Corporation entered into a Third Amendment to Credit Agreement and updates information regarding EQT's redemption of all of its outstanding 1.75% Convertible Senior Notes due 2026, with 19,992,482 shares of EQT's common stock issued upon conversion of $289,594,000 aggregate principal amount of Convertible Notes.

420M 0
Oct 26, 2023

10-Q filing | 416.2M shares outstanding

420M 0
Aug 22, 2023

8-K filing: EQT Corporation completed the acquisition of THQ Appalachia I, LLC and THQ-XcL Holdings I, LLC in exchange for $2.6 billion in cash and 55.0 million shares of EQT common stock.

360M 0
Aug 16, 2023

8-K filing: EQT expects to complete the acquisition of THQ Appalachia I, LLC and THQ-XcL Holdings I, LLC's assets within the next seven business days after resolving the FTC review and agreeing to certain conditions, including Quantum Energy Partners selling the 55.0 million shares of EQT common stock received from the Sellers.

360M 0
Jul 26, 2023

10-Q filing | 362.0M shares outstanding

360M 0
Apr 27, 2023

10-Q filing | 361.5M shares outstanding

360M 0
Feb 16, 2023

10-K filing | 370.0M shares outstanding

370M 0
Oct 27, 2022

10-Q filing | 370.0M shares outstanding

370M 0
Jul 28, 2022

10-Q filing | 369.9M shares outstanding

370M 0
Apr 28, 2022

10-Q filing | 374.1M shares outstanding

370M 0
Feb 10, 2022

10-K filing | 376.0M shares outstanding

380M 0
Nov 23, 2021

8-K filing: Selling shareholders of EQT Corporation completed an offering of 12,619,736 shares of common stock at a price of $20.50 per share.

360M 0
Oct 28, 2021

10-Q filing | 356.8M shares outstanding

360M 0
Oct 01, 2021

8-K filing: On October 1, 2021, certain shareholders of EQT sold 25,930,000 shares of EQT's common stock at a price of $20.00 per share, and underwriters exercised an option to purchase an additional 3,889,500 shares of common stock, which closed concurrently with the offering.

380M 0
Jul 29, 2021

10-Q filing | 378.0M shares outstanding

380M 0
May 07, 2021

8-K filing: EQT Corporation entered into a Purchase Agreement to acquire Alta Resources Development, LLC, which includes the issuance of 105,306,346 shares of EQT Corporation common stock to the Seller. ($1925.0M proceeds)

280M 0
May 06, 2021

10-Q filing | 278.9M shares outstanding

280M 0
Feb 17, 2021

10-K filing | 278.9M shares outstanding

280M 0
Nov 03, 2020

8-K filing: EQT Corporation entered into an Underwriting Agreement for the offer and sale of $350 million in aggregate principal amount of its 5.00% senior notes due 2029, and certain of the Underwriters acted as underwriters in EQT's recently completed offering of 20,000,000 shares of EQT's common stock, which closed on October 30, 2020.

260M 0
Oct 30, 2020

8-K filing: EQT Corporation closed an offering of 20,000,000 shares of common stock at a price of $15.50 per share, resulting in net proceeds of approximately $296.8 million, which will be used to fund a portion of the purchase price of the pending acquisition of upstream and midstream assets from Chevron U.S.A. Inc. ($296.8M proceeds)

260M 0
Oct 22, 2020

10-Q filing | 255.6M shares outstanding

260M 0
Jul 27, 2020

10-Q filing | 255.5M shares outstanding

260M 0
May 07, 2020

10-Q filing | 255.4M shares outstanding

260M 0
Mar 05, 2020

8-K filing: EQT Corporation completed the sale of 4,769,496 shares of Equitrans Midstream Corporation common stock to ETRN for approximately $46 million in cash and the sale of 20,530,256 shares of ETRN common stock to ETRN for a promissory note representing approximately $196 million and cash of approximately $7 million. ($249.0M proceeds)

260M 0
Feb 27, 2020

10-K filing | 255.1M shares outstanding

260M 0
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