EQT Corporation

EQT is the largest producer of natural gas in the United States, with its drilling concentrated in the Marcellus and Utica shales of Appalachia. The company traces back to 1888 and the old Equitable Gas utility, but today's EQT is a pure-play upstream producer that has spent recent years buying up acreage and, through its Equitrans deal, the pipelines to move its own gas.

Being big and low-cost in a single basin is the whole strategy. EQT's earnings rise and fall with the price of natural gas, so it focuses on keeping its cost per unit low enough to stay profitable when prices are weak. That scale, plus its push into integrated pipeline capacity, is meant to smooth out a business that is otherwise tied tightly to a volatile commodity.

On MyRWA, EQT trades tokenized across 1 on-chain venue - see the listings below.