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EQT Corp (NYSE:EQT), a $33 billion market cap energy company with strong financial health according to InvestingPro analysis, reported that its Chief Information Officer, Richard A. Duran, will begin an unpaid sabbatical leave starting September 2, 2025, and continuing through February 3, 2026. The announcement was made in a press release statement included in a filing with the Securities and Exchange Commission.
During the sabbatical period, Mr. Duran will remain an employee of EQT Corp but will not perform his regular duties as Chief Information Officer and will not receive his base salary. According to the filing, he will continue to attend board and certain executive team meetings and will be available to consult with the company on an as-needed basis, specifically in the event of an emergency or unexpected significant event related to information security, cybersecurity, or similar matters.
EQT Corp is based in Pittsburgh, Pennsylvania, and is listed on the New York Stock Exchange under the ticker EQT. The company disclosed no further changes to its executive team or additional details regarding interim arrangements during Mr. Duran’s leave. All information is based on the company’s statement in its SEC filing.
In other recent news, EQT Corporation reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company posted earnings per share of $0.45, exceeding the forecasted $0.42, and achieved revenue of $2.56 billion, significantly higher than the projected $1.76 billion. Despite these strong financial results, EQT’s stock experienced a decline in after-hours trading. Additionally, Melius Research initiated coverage on EQT with a Buy rating and set a price target of $64.00, highlighting the company’s dominance in the Appalachian Basin. Meanwhile, BofA Securities raised its price target for EQT to $80.00, maintaining a Buy rating. BofA cited EQT’s capabilities in meeting the supply demands of large datacenters as a key factor for the revised target. These developments reflect ongoing interest and confidence in EQT’s strategic positioning and operational strengths.
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