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EQT Corporation Overview

Pittsburgh, PA
501 to 1000 employees
1888
Company - Public (EQT)
Oil & Gas Services
$1 to $2 billion (USD) per year
EQT Corporation is a leading independent natural gas producer with an evolutionary focus on our future. EQT has operations in Pennsylvania, West Virginia and Ohio and is dedicated to responsibly developing our world-class asset base in the core of the Appalachian Basin. While we ... Read more

Mission: Realize the full potential of EQT to become the operator of choice for all stakeholders.

Company Updates

  • Over the weekend, the EQT team and our partners reached an industry first – more than 2 miles drilled within a 24-hour period – MAD2.0. Shout out to the teams from Baker Hughes, Patterson Drilling, Anchor Drilling Fluids and Services, Sierra Hamilton, and Route 51 Trucking for helping EQT set a new industry standard!

  • EQT is excited to unveil our new logo! This logo is a representation of our culture – what we do, how we do it, and the people behind it all. Our vision for the future is highlighted in our design – modern, progressive, and unique. We look forward to continuing our work in the industry and our communities and operating with our values at the forefront of all we do – trust, teamwork, heart, and evolution.

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EQT Corporation – Why Work With Us?


Our Values

  • TRUST
    • Always doing the right thing.
    • Doing what you say you will do.
  • TEAMWORK
    • Working together toward a common goal.
    • Sharing, respecting and embracing diversity of thought.
    • Understanding customers.
    • Respecting the wrench.
  • HEART
    • Caring about what you do (actions).
    • Caring about the relationships you form (impact).
    • Bringing the passion and drive to be the best at what you do (attitude).
  • EVOLUTION
    • Driving to get better every day.
    • Understanding your environment to prioritize any needed adaptation.
    • Being transparent (which enables collaboration that triggers innovation and leads to evolution).

Our History

While we have our sights set on the future and opportunities ahead of us, EQT Corporation has a lengthy history in the Appalachian Basin, which can be traced back to 1878 and the first commercial natural gas well in Murrysville, PA.  Throughout the next 10 years, this well, named the Haymaker #1, was bought and sold via multiple acquisitions before it landed with The Philadelphia Company, formed by George Westinghouse in 1884.  In 1888, The Philadelphia Company created a subsidiary named Equitable Gas - and that was the official origin of EQT.

What began as a modest utility company in the late 1800's eventually became a standalone entity in 1950 when it separated from its parent company and listed on the New York Stock Exchange under the ticker "EQT".  As the years went on, the company began to transition into other areas of the natural gas industry -- and in 2009 Equitable Gas rebranded to become EQT Corporation.  In 2013, EQT sold its local distribution utility assets and became an exploration and production company with integrated midstream assets.

In November 2017, EQT acquired Rice Energy -- and the combination of EQT's existing assets along with the acquired 252,000 acres, 340 net producing wells, and estimated production of 1.4 Bcfe per day -- created the largest natural gas producer in the United States.  Shortly afer the acquisition, EQT announced a plan to separate its upstream and midstream businesses and in November 2018; EQT completed the separation and became a pure play production company with a renewed focus on upstream operations.

In December 2018, a proxy contest was launched by the Rice Group at shareholders' request to take control of EQT's Board of Directors, and on July 10, 2019, shareholders elected seven Rice Group-nominated directors as well as the five nominees supported by both EQT and the Rice Group.  The board met shortly thereafter and elected Toby Z. Rice as EQT's Chief Executive Officer.

 

With a renewed focus on upstream operations and an integrated commercial group, EQT is uniquely positioned to produce our region's natural gas and efficiently deliver it to market for end users.  At EQT, we believe that your service providers are a critical component to our success in achieving our mission and business objectives, and as such, we utilize these services to responsibly drill, complete and produce natural gas throughout the Appalachian Basin.

Production:

Natural gas is an efficient, clean-burning fuel source frequently used for power generation, as well as residential, industrial and commercial uses.  The abundant reserves in the Appalachian Basin provide a reliable domestic fuel source with significant positive effects on jobs and our nation's economic prosperity, competitiveness and security.  EQT has a world class asset base in the Appalachian Basin and is the largest producer of natural gas in the United States.

  • Pennsylvania - EQT owns or leases approximately 580,000 net acres in PA.  Most of the acreage is located in the southwestern region of the state, with the majority located in Greene and Washington Counties.  EQT is actively developing the Marcellus Shale and Upper Devonian Shale in this area.
  • West Virginia - EQT owns or leases approximately 385,000 net acres in WV.  Most of the acreage is located in the northwestern region of the state, wiht the majority located in Doddridge, Marion, Tyler and Wetzel Counties.  EQT is actively developing the Marcellus Shale and Upper Devonian Shale in this area.
  • Ohio - EQT owns or leases approximately 65,000 net acres in eastern OH, and we are actively developing the Utica Shale in Belmont County.

Commercial:

Once EQT's wells are dilled, completed and turned-in-line, it is up to EQT's commercial group, also known as EQT Energy, to manage and optimize our commodity revenues.  There are multiple facets to our commercial operation required to successfully deliver our product to market:

  • Origination, trading and optimization of our physical assets
  • Financial design and execution to protect and enhance EQT's cash flow
  • Logistical scheduling required to get our commodities to market
  • Ensuring the contractual midstream capacity to gather and process the commodities
  • All aspects of natural gas liquids management
  • Fundamental analytics to provide market insights to maximize commodity profitability

 

Employees are EQT’s greatest assets and we genuinely value each member of our workforce. EQT participates in a yearly engagement survey to benchmark employee satisfaction and we strive to exceed our employees’ expectations. 

Employee Benefits Summary

  • Competitive salary and cash bonus program
  • Option of working 9/80 schedule (nine-hour days with every other Friday off)
  • Vacation time, including recognition of related work experience for mid-career hires
  • Medical
  • Dental
  • Vision
  • 401(k) Plan with matching contributions
  • Retirement Contribution
  • Employee Stock Purchase Plan
  • Health Savings Account
  • Wellness Program
  • Short and Long Term Disability
  • Life, Accidental Death and Dismemberment, Spouse and Child Life Insurance
  • Business Travel Accident Insurance
  • Medical Spending Account
  • Employee Assistance Program
  • Tuition Assistance Program
  • Credit Union
  • Service Award Program
  • Volunteer Time Off 

EQT is proud to be a part of the many communities where we operate, live and work.  We believe strongly that giving back is a responsibility, and we've stayed true to that belief since the EQT Foundation was established in 2003 as a dedicated resource for financial, in-kind and volunteer support to communities touched by our business.  

Since its inception, the EQT Foundation has awarded more than $57 million to nonprofits in Pennsylvania, West Virginia, Kentucky, Ohio and Virginia that make a difference in the lives of individuals and families they serve.  The EQT Foundation is committed to supporting the education of our children; the development of diverse, livable communities; preserving environmental resources; and promoting a greater appreciation for the arts.

The EQT Foundation believes in meaningful engagement with the communities it calls home and takes great pride in being a responsible and responsive corporate citizen.  The EQT Foundation focuses its resources on areas that have a direct effect on the stability of communites and, in turn, contribute to the succcess of its business operations in those areas.

EQT strives to operate safely, protect the environment and continuously improve our practices in support of responsible natural gas production.  Throughout EQT's history, we have dedicated ourselves to good corporate citizenship.  For us, that means respecting the environment, creating safe working conditions for our employees and contractors, taking care of the communities near our operations, and conducting our business ethically and with integrity.

Since 2012, EQT has published an annual sustainability report to demonstrate our commitment to transparency and accountability in operations.  The report highlights EQT's management approach and performance in the environmental, social and economic topics that matter most to our stakeholders.

EQT is committed to operating in a manner that protects the environment while remaining economically competitive.  We believe that we owe our customers and our team members more than just a good energy source at a competitive price.  We owe them a commitment to our future through good stewardship of the environment.  We not only meet federal, state and local regulations that govern air emissions, wastewater discharges and mitigation practices, but often exceed them.

Whether you are an employee, contractor or subcontractor YOU are our most valuable asset and we are committed to creating an environment where we continuously focus on what it takes to keep us all safe, healthy and injury free.  We recognize the importance of providing policies, procedures and tools to keep everyone safe, but more importantly, we want you to understand why these are in place and why they are important.  At EQT, we apprecite everyone's contributions to our culture of safety and cooperation in following our safety requirements to make our workplace healthy and injury free.

 

EQT Corporation Reviews

  • "Constantly improving for the better."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Landman in Canonsburg, PA
    Current Employee - Landman in Canonsburg, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at EQT Corporation full-time (More than 8 years)

    Pros

    -Collaborative, friendly, environment.
    -Rapid changes are settling down into a calmer environment.
    -Clear direction from leadership.
    -Company overall appears positioned for long term success.
    -Benefits are very good

    Cons

    -Pay isn't what it once was.
    -Some departments are still missing key leadership positions, hampering productivity.

    Advice to Management

    If we pull off the current plans in this environment, shareholders and the company stand to make plenty of money. Making sure some of that makes its way down to the employees who worked so hard to generate those results should be an important consideration as well.

See All 132 Reviews

EQT Corporation Photos

EQT Corporation photo of: EQT employees are ready to run #EQT10Miler
EQT Corporation photo of: EQT PRIDE 2019
EQT Corporation photo of: Community Foundation for the Ohio Valley
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EQT Corporation Interviews

Experience

Experience
57%
23%
20%

Getting an Interview

Getting an Interview
54%
17%
11%
9
3
3
3

Difficulty

2.9
Average

Difficulty

Hard
Average
Easy
  1.  

    Engineering Technician Interview

    Anonymous Interview Candidate in Pittsburgh, PA
    No Offer
    Negative Experience
    Average Interview

    Application

    I applied online. I interviewed at EQT Corporation (Pittsburgh, PA).

    Interview

    The hiring manager reached out first to schedule a phone interview with him. Then the recruiter reached out to schedule the in-person interview with five different people one at a time.

    Interview Questions

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EQT Corporation Awards & Accolades

  • Top Work Places, Pittsburgh Post-Gazette, 2012
  • Top Work Places, Pittsburgh Post-Gazette, 2013
  • Top Work Places, Pittsburgh Post-Gazette, 2014
  • Corporation of the Year, Eastern Minority Supplier Development Council, 2014
  • Economic Impact Award, Eastern Minority Supplier Development Council, 2014
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Pledges & Certifications

Diversity Commitment

Has programs that support a diverse and inclusive workforce

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