EQT Corporation

EQT

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Energy
USA
Large Cap

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

-

Impure Income*

-

Purification*

$0.135

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
-3.94%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
38.30%
27.84%
0.76
32.89%

Shariah Compliance

Debt
16.39%
✓
Non-Compliant Assets
0.4%
✓
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
20.68%
✓
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
17.44%
✓
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
13.69%
✓
Cash
0.61%
✓
Cash & AR
2.64%
✓
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
13.69%
✓
Cash
0.61%
✓
Cash & AR
2.64%
✓
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 an integrated natural gas company with upstream, gathering and transmission operations focused on the Appalachian Basin. The Company’s segments include Upstream, Gathering and Transmission. The Upstream segment comprises natural gas, natural gas liquids (NGLs) and oil extraction, development and production business and supporting operations. The Gathering segment owns and operates a gathering system, which has extensive overlap with Upstream segment operations and processing facilities. The Transmission segment operates a Federal Energy Regulatory Commission (FERC) regulated interstate transmission and storage system, which has multiple interconnect points to other interstate pipelines and local distribution companies. The Company includes over 28.0 trillion cubic feet equivalent (Tcfe) of proved natural gas, NGLs and oil reserves across approximately 2.3 million gross acres and approximately 2,945 miles of pipeline infrastructure.