EQT Corp

EQT

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Energy
United States of America
Large cap

EQT Corp is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Large cap
BUY
$42.71
$32.00
$55.00
17
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
4.31%
0.12%
1.00%
0.73
0.73
-91.30%

Shariah Compliance

  • Updated on September 12, 2024
Debt
24.88%
✓
Non-Compliant Assets
0.00%
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
35.26%
✗
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
31.84%
✓
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
20.04%
✓
Cash
0.12%
✓
Cash & AR
2.50%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
20.04%
✓
Cash
0.12%
✓
Cash & AR
2.50%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

EQT Corporation is a vertically integrated natural gas company with operations focused on the Appalachian Basin. It has 27.6 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and oil reserves across over 2.1 million gross acres. It has operations in Pennsylvania, West Virginia and Ohio. It is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. It owns or leases over 610,000 net acres in Pennsylvania. It also owns or leases approximately 405,000 net acres in West Virginia. It is developing the Marcellus Shale and Upper Devonian Shale in this area. It owns or leases approximately 65,000 net acres in eastern Ohio and is actively developing the Utica Shale in Belmont County. It contracts with MarkWest Energy Partners, L.P., Williams Ohio Valley Midstream LLC and Blue Racer Midstream to process its natural gas and extract heavier hydrocarbon streams from its produced natural gas.

Found the Stock You’re Looking For? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?

Schedule a Free Consultation