{"slug":"eqt","name":"EQT 코퍼레이션","name_en":"EQT Corporation","ticker":"EQT","updated_at":"2026-09-23T08:29:48.318727+00:00","canonical":"https://valuechain.wiki/eqt","citable":"밸류체인 그래프 기준 EQT 코퍼레이션의 직접 연결 기업은 3곳(관계 기준 공급 2·매출 0·투자 1)이고, 사슬을 2차까지 넓히면 9곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-09-23 기준).","citable_en":"Per the valuechain.wiki graph, EQT Corporation is directly linked to 3 companies (2 supply, 0 revenue, 1 investment relationships) and reaches 9 companies within two hops; the links are backed by 7 dated sources, 2 of them primary filings (as of 2026-09-23).","kicker":"미국 통합 천연가스","kicker_en":"Integrated U.S. natural gas","lead":"EQT는 애팔래치아 분지에서 천연가스를 생산하고 자체 집하·수송 인프라와 장기 공급계약을 통해 판매한다. NGL 처리와 LNG 액화·수송 역량에 비용을 지출하며, Equitrans 인수 뒤 업스트림과 미드스트림을 함께 운영한다.","lead_en":"EQT produces natural gas in the Appalachian Basin and sells it through integrated gathering and transmission infrastructure and long-term supply arrangements. It pays for NGL processing, LNG liquefaction and transportation capacity, and has operated upstream and midstream businesses together since acquiring Equitrans.","categories":[{"key":"oil-gas-exploration-production","ko":"석유·가스 탐사생산","en":"Oil & Gas Exploration and Production","theme":"oil-gas","theme_ko":"석유·가스","theme_en":"Oil & Gas","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"업스트림","note":"천연가스·NGL·원유 생산과 판매"},{"name":"집하","note":"천연가스 집하와 압축 서비스"},{"name":"수송","note":"파이프라인 수송과 저장 서비스"}],"total":"FY2025 매출 8,644,211,000달러","track":"C"},"segments_en":{"parts":[{"name":"Upstream","note":"Production and sale of natural gas, NGLs and oil"},{"name":"Gathering","note":"Natural gas gathering and compression services"},{"name":"Transmission","note":"Pipeline transportation and storage services"}],"total":"FY2025 revenue of $8,644,211,000"},"returns_yearly":{"2021":71.6,"2022":57.6,"2023":16.2,"2024":21.4,"2025":17.6,"2026":-0.6},"return_asof":"2026-10-09","value_chain":{"leading":[],"benefiting":[{"slug":"williams","name":"Williams","name_en":"Williams Companies","tier":1,"returns_yearly":{"2021":38.4,"2022":32.8,"2023":11.9,"2024":62.3,"2025":14.9,"2026":25.2}},{"slug":"sempra","name":"셈프라","name_en":"Sempra","tier":1,"returns_yearly":{"2021":7.4,"2022":20.3,"2023":-0.1,"2024":21.1,"2025":3.9,"2026":-3.5}},{"slug":"blackstone","name":"Blackstone","name_en":"Blackstone","tier":1,"returns_yearly":{"2021":107.1,"2022":-40,"2023":82.7,"2024":35.1,"2025":-7.8,"2026":-23.5}},{"slug":"moderna","name":"모더나","name_en":"Moderna","tier":2,"returns_yearly":{"2021":143.1,"2022":-29.3,"2023":-44.6,"2024":-58.2,"2025":-29.1,"2026":393.6}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":2,"returns_yearly":{"2026":14.6}},{"slug":"ppl","name":"PPL 코퍼레이션","name_en":"PPL Corporation","tier":2,"returns_yearly":{"2021":12.9,"2022":0.4,"2023":-3.8,"2024":24,"2025":11.4,"2026":1.8}},{"slug":"medtronic","name":"메드트로닉","name_en":"Medtronic plc","tier":2,"returns_yearly":{"2021":-9.8,"2022":-22.6,"2023":9.6,"2024":0.3,"2025":24,"2026":-0.3}},{"slug":"kkr-co","name":"KKR & Co.","name_en":"KKR & Co.","tier":2,"returns_yearly":{"2021":85.8,"2022":-37,"2023":80.5,"2024":79.6,"2025":-13.3,"2026":-15}},{"slug":"alnylam-pharmaceuticals","name":"앨라일람","name_en":"Alnylam Pharmaceuticals","tier":2,"returns_yearly":{"2020":0,"2021":30.5,"2022":40.1,"2023":-19.5,"2024":22.9,"2025":69,"2026":-41.5}},{"slug":"vertiv","name":"Vertiv","name_en":"Vertiv","tier":3,"returns_yearly":{"2021":33.8,"2022":-45.3,"2023":251.8,"2024":136.8,"2025":42.8,"2026":73.2}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":3,"returns_yearly":{"2025":99,"2026":54}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":43}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"thermo-fisher-scientific","name":"써모 피셔 사이언티픽","name_en":"Thermo Fisher Scientific","tier":3,"returns_yearly":{"2021":43.5,"2022":-17.3,"2023":-3.4,"2024":-1.7,"2025":11.8,"2026":13.9}},{"slug":"agilent-technologies","name":"애질런트 테크놀로지스","name_en":"Agilent Technologies, Inc.","tier":3,"returns_yearly":{"2021":35.5,"2022":-5.5,"2023":-6.4,"2024":-2.7,"2025":1.9,"2026":11.5}},{"slug":"core-scientific","name":"Core Scientific","name_en":"Core Scientific","tier":3,"returns_yearly":{"2025":3.6,"2026":5.8}},{"slug":"danaher","name":"다나허","name_en":"Danaher Corporation","tier":3,"returns_yearly":{"2021":48.6,"2022":-19,"2023":-1.2,"2024":-0.3,"2025":0.4,"2026":-3.4}},{"slug":"abbott-laboratories","name":"애보트","name_en":"Abbott Laboratories","tier":3,"returns_yearly":{"2021":30.5,"2022":-20.7,"2023":2.3,"2024":4.8,"2025":12.9,"2026":-19}}],"analysis":"미국 통합 천연가스 기업. 최근 몇 년간 견조한 상승이 이어졌고 2026년 +3.8%다. 본주(+3.8%)와 공급단(평균 +10.9%)이 같은 보폭으로 움직인다. 연결 노드 중 가장 앞선 곳은 윌리엄스(+25.2%), 가장 처진 곳은 셈프라(-3.5%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"EQT Corporation operates across Integrated U.S. natural gas. It stayed steadily positive in recent years and is +3.8% in 2026. The stock (+3.8%) and its supply side (avg +10.9%) are moving in step. Among connected nodes the furthest ahead is Williams Companies (+25.2%) and the furthest behind is Sempra (-3.5%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It pays for NGL processing, LNG liquefaction and transportation capacity, and has operated upstream and midstream businesses together since acquiring Equitrans.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Equitrans Midstream Corporation","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-18","basis":"Equitrans Midstream 인수에 지급한 EQT 보통주 대가의 공시 가치","value":5500000000,"period":"acquisition completed 2024-07-22","basis_en":"Disclosed value of EQT common-stock consideration for the Equitrans Midstream acquisition","qualifier":"approximately"},"note":"EQT는 2024년 7월 Equitrans Midstream 인수를 완료해 집하·수송·저장과 Mountain Valley Pipeline 지분을 사업 안으로 편입했다. 주식 대가의 공시 가치는 약 55억 달러였다.","note_en":"EQT completed its acquisition of Equitrans Midstream in July 2024, bringing gathering, transmission, storage and an interest in Mountain Valley Pipeline into the company. The disclosed value of the stock consideration was approximately $5.5 billion.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-18","url":"https://www.sec.gov/Archives/edgar/data/33213/000003321326000018/eqt-20251231.htm","title":"EQT 코퍼레이션 2025 회계연도 10-K","title_en":"EQT Corporation 2025 Form 10-K","excerpt":"공시는 Equitrans Midstream 인수의 주식 대가 가치가 약 55억 달러였다고 밝혔다.","excerpt_en":"aggregate value of approximately $5.5 billion"},{"stance":"mentions","publisher":"키움증권 리서치센터","publisher_en":"Kiwoom Securities Research Center","kind":"research","lang":"ko","published_at":"2025-06-27","url":"https://www.paxnet.co.kr/WWW/data/researchCenter/attach/20250627185637804.pdf","title":"EQT: 천연가스 수요 자극 모멘텀 여전히 유효","title_en":"EQT: Natural Gas Demand Catalyst Remains Intact","excerpt":"2024년 7월 천연가스 파이프라인 운송 기업인 Equitrans Midstream와의 합병을 통해 생산과 운송을 통합한 수직 계열화를 달성했다.","excerpt_en":"The July 2024 Equitrans Midstream merger vertically integrated EQT's production and transportation operations."}]},{"direction":"investor","counterparty":"Blackstone","counterparty_slug":"blackstone","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-18","basis":"Blackstone Credit & Insurance 계열사의 PipeBox 미드스트림 합작법인 현금 출자액","value":3500000000,"period":"investment completed 2024-12-30","basis_en":"Cash contribution by a Blackstone Credit & Insurance affiliate to the PipeBox midstream joint venture","qualifier":null},"note":"Blackstone Credit & Insurance 계열사는 2024년 12월 EQT의 PipeBox 미드스트림 합작법인에 현금 35억 달러를 출자해 비지배 지분을 취득했다. EQT는 지배 의결권과 연결회계 처리를 유지했다.","note_en":"An affiliate of Blackstone Credit & Insurance contributed $3.5 billion in cash to EQT's PipeBox midstream joint venture in December 2024 and received a noncontrolling interest. EQT retained voting control and continued to consolidate the venture.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-18","url":"https://www.sec.gov/Archives/edgar/data/33213/000003321326000018/eqt-20251231.htm","title":"EQT 코퍼레이션 2025 회계연도 10-K","title_en":"EQT Corporation 2025 Form 10-K","excerpt":"Blackstone Credit & Insurance 계열사는 미드스트림 합작법인에 현금 35억 달러를 출자했다.","excerpt_en":"contributed $3.5 billion of cash"}]},{"direction":"cost","counterparty":"셈프라","counterparty_slug":"sempra","confidence":"high","metric":{"type":"count","unit":"Mtpa","as_of":"2025-08-27","basis":"EQT의 포트아서 LNG 2단계 연간 인수 물량","value":2,"period":"Port Arthur LNG Phase 2 20-year SPA","basis_en":"EQT annual offtake volume from Port Arthur LNG Phase 2","qualifier":null},"note":"EQT 코퍼레이션은 포트아서 LNG 2단계에서 연간 200만톤을 20년간 본선인도 조건으로 인수하며, 가격은 헨리허브에 연동된다.","note_en":"EQT Corporation will purchase 2 Mtpa from Port Arthur LNG Phase 2 for 20 years under a free-on-board contract indexed to Henry Hub.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-22","url":"https://www.sec.gov/Archives/edgar/data/1032208/000103220825000055/sempra-20250922.htm","title":"셈프라 Form 8-K, 2025년 9월 22일","title_en":"Sempra Form 8-K, September 22, 2025","excerpt":"EQT LNG Trading과의 확정적 20년 LNG 인수계약은 최종투자결정과 함께 효력이 발생했다.","excerpt_en":"The definitive 20-year agreement with EQT LNG Trading became effective."},{"stance":"confirms","publisher":"셈프라 인프라스트럭처","publisher_en":"Sempra Infrastructure","kind":"ir","lang":"en","published_at":"2025-08-27","url":"https://semprainfrastructure.com/news-and-events/news-releases/sempra-infrastructure-and-eqt-announce-long-term-lng-supply-agreement-from-port-arthur-lng-phase-2/","title":"셈프라 인프라스트럭처와 EQT, 포트아서 LNG 2단계 장기 공급계약 발표","title_en":"Sempra Infrastructure and EQT Announce Long-Term LNG Supply Agreement from Port Arthur LNG Phase 2","excerpt":"EQT는 헨리허브 연동 가격으로 연간 200만톤의 LNG를 20년간 구매한다.","excerpt_en":"EQT will purchase 2 Mtpa of LNG for 20 years at a Henry Hub-indexed price."}]},{"direction":"cost","counterparty":"Williams","counterparty_slug":"williams","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-18","basis":"Williams Ohio Valley Midstream에 지급하는 NGL 처리비","value":null,"period":"FY2025","basis_en":"NGL processing fees paid to Williams Ohio Valley Midstream","qualifier":"confirmed_no_disclosed_value"},"note":"EQT는 Williams의 자회사 Williams Ohio Valley Midstream과 생산 가스에서 에탄·프로판 등 NGL을 분리하는 처리 계약을 맺고 있다. 상대별 처리비는 공개되지 않았다.","note_en":"EQT contracts with Williams subsidiary Williams Ohio Valley Midstream to process produced gas and extract NGL streams such as ethane and propane. Counterparty-specific processing fees are not disclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-18","url":"https://www.sec.gov/Archives/edgar/data/33213/000003321326000018/eqt-20251231.htm","title":"EQT 코퍼레이션 2025 회계연도 10-K","title_en":"EQT Corporation 2025 Form 10-K","excerpt":"EQT는 Williams Ohio Valley Midstream과 NGL 추출을 위한 처리 계약을 체결했다고 공시했다.","excerpt_en":"Williams Ohio Valley Midstream LLC"}]},{"direction":"cost","counterparty":"MarkWest Energy Partners, L.P.","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-18","basis":"MarkWest Energy Partners에 지급하는 NGL 처리비","value":null,"period":"FY2025","basis_en":"NGL processing fees paid to MarkWest Energy Partners","qualifier":"confirmed_no_disclosed_value"},"note":"EQT는 MarkWest Energy Partners에 생산 가스의 NGL 처리와 추출을 맡긴다. 상대별 처리비는 공개되지 않았다.","note_en":"EQT contracts with MarkWest Energy Partners for NGL processing and extraction from its produced gas. Counterparty-specific processing fees are not disclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-18","url":"https://www.sec.gov/Archives/edgar/data/33213/000003321326000018/eqt-20251231.htm","title":"EQT 코퍼레이션 2025 회계연도 10-K","title_en":"EQT Corporation 2025 Form 10-K","excerpt":"EQT는 MarkWest Energy Partners와 NGL 추출을 위한 처리 계약을 체결했다고 공시했다.","excerpt_en":"MarkWest Energy Partners, L.P."}]},{"direction":"revenue","counterparty":"Homer City Redevelopment","counterparty_slug":null,"confidence":"mid","metric":{"type":"supply_volume","unit":"MMBtu/day","as_of":"2025-07-15","basis":"Homer City Energy Campus 원칙적 합의의 최대 일일 천연가스 공급량","value":665000,"period":"planned 2027-2028 ramp","basis_en":"Maximum daily natural gas supply under the Homer City Energy Campus agreement in principle","qualifier":"agreement_in_principle_not_definitive"},"note":"Homer City Redevelopment는 EQT를 4.4GW 발전소의 독점 천연가스 공급 파트너로 정한 원칙적 합의를 발표했다. 하루 최대 66만5천 MMBtu 공급을 목표로 하지만 최종 계약 조건은 아직 협상 대상이다.","note_en":"Homer City Redevelopment named EQT as its exclusive natural gas supply partner for a planned 4.4 GW power plant under an agreement in principle. The project targets up to 665,000 MMBtu per day, but definitive terms remain under negotiation.","sources":[{"stance":"confirms","publisher":"EQT 코퍼레이션","publisher_en":"EQT Corporation","kind":"ir","lang":"en","published_at":"2025-07-22","url":"https://media.eqt.com/investor-relations/news/news-release-details/2025/EQT-Reports-Second-Quarter-2025-Results/default.aspx","title":"EQT 2025년 2분기 실적 발표","title_en":"EQT Reports Second Quarter 2025 Results","excerpt":"EQT는 Homer City에 하루 6억6천5백만 입방피트의 가스와 미드스트림 인프라를 공급하는 계약을 마무리 중이라고 밝혔다.","excerpt_en":"working to finalize agreement to supply natural gas and provide midstream infrastructure"},{"stance":"confirms","publisher":"S&P 글로벌 에너지","publisher_en":"S&P Global Energy","kind":"analysis","lang":"en","published_at":"2025-07-21","url":"https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/072125-interview-us-producer-eqt-unlocks-growth-option-with-14-bcfd-in-firm-gas-supply-deals","title":"EQT, 하루 14억 입방피트 확정 가스공급 거래로 성장 선택지 확보","title_en":"US producer EQT unlocks growth option with 1.4 Bcf/d in firm gas supply deals","excerpt":"S&P 글로벌은 Homer City 합의가 EQT의 하루 약 6억6천5백만 입방피트 공급을 예정한다고 분석했다.","excerpt_en":"EQT will supply approximately 665 MMcf/d to the Homer City Energy Campus."},{"stance":"confirms","publisher":"Homer City Redevelopment","publisher_en":"Homer City Redevelopment","kind":"ir","lang":"en","published_at":"2025-07-15","url":"https://www.homercityredevelopment.com/post/press-release-homer-city-redevelopment-announces-agreement-in-principle-for-eqt-corporation-to-supp","title":"Homer City Redevelopment, EQT 천연가스 공급 원칙적 합의 발표","title_en":"Homer City Redevelopment Announces Agreement in Principle for EQT Corporation to Supply Natural Gas","excerpt":"HCR은 EQT가 발전소용 천연가스를 조달·공급하는 독점 파트너가 되는 원칙적 합의를 발표했다.","excerpt_en":"EQT will serve as HCR's exclusive partner to source and supply the natural gas."}]},{"direction":"revenue","counterparty":"Frontier Group of Companies","counterparty_slug":null,"confidence":"mid","metric":{"type":"supply_volume","unit":"MMcf/day","as_of":"2025-07-22","basis":"Shippingport 발전소 원칙적 합의의 목표 일일 천연가스 공급량","value":800,"period":"planned 2027-2028 ramp","basis_en":"Target daily natural gas supply under the Shippingport power station agreement in principle","qualifier":"agreement_in_principle_not_definitive"},"note":"Frontier Group의 Shippingport 발전소 개발안은 EQT로부터 하루 약 8억 입방피트의 천연가스를 공급받는 구조다. 20년 공급을 목표로 한 원칙적 합의이므로 최종 계약 체결 여부와 조건은 남아 있다.","note_en":"Frontier Group's Shippingport power project is structured to buy about 800 MMcf per day of natural gas from EQT. The parties are targeting a 20-year supply arrangement under an agreement in principle, so execution and final terms remain outstanding.","sources":[{"stance":"confirms","publisher":"EQT 코퍼레이션","publisher_en":"EQT Corporation","kind":"ir","lang":"en","published_at":"2025-07-22","url":"https://media.eqt.com/investor-relations/news/news-release-details/2025/EQT-Reports-Second-Quarter-2025-Results/default.aspx","title":"EQT 2025년 2분기 실적 발표","title_en":"EQT Reports Second Quarter 2025 Results","excerpt":"EQT는 Shippingport 발전소에 하루 8억 입방피트의 천연가스를 공급하는 계약을 마무리 중이라고 밝혔다.","excerpt_en":"working to finalize agreement to supply natural gas for the 800 MMcf/d Shippingport Power Station"},{"stance":"confirms","publisher":"S&P 글로벌 에너지","publisher_en":"S&P Global Energy","kind":"analysis","lang":"en","published_at":"2025-07-21","url":"https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/072125-interview-us-producer-eqt-unlocks-growth-option-with-14-bcfd-in-firm-gas-supply-deals","title":"EQT, 하루 14억 입방피트 확정 가스공급 거래로 성장 선택지 확보","title_en":"US producer EQT unlocks growth option with 1.4 Bcf/d in firm gas supply deals","excerpt":"S&P 글로벌은 Frontier Group 개발부지에 EQT가 하루 약 8억 입방피트를 공급한다고 보도했다.","excerpt_en":"EQT will supply around 800 MMcf/d to the site."}]}]}