Key Takeaways
- • EQT AB (Stockholm: EQT.ST) traded at 302.20 SEK as of April 24, 2026, down 2.11% on the day, with a 52-week range of 262.10–383.00 SEK and market capitalization of approximately 353.7 billion SEK.
- • EQT Corporation (NYSE: EQT) traded at $59.39 USD on April 24, 2026, essentially flat (-0.05%), with a market cap of $37.1 billion and trailing P/E ratio of 11.27x, supported by analyst consensus rating of Buy (79% combined Buy/Strong Buy).
- • EQT AB demonstrates higher valuation multiples (P/E 45.31x, forward P/E 28.49x) reflecting its alternative asset management business model, while EQT Corporation operates at lower multiples (P/E 11.27x, forward P/E 12.76x) consistent with energy sector positioning.
- • UBS maintained a Buy rating on EQT Corporation on April 24, 2026, while modestly lowering its price target from $75 to $74, with consensus analyst estimates projecting 12-month price target of approximately $70–$382 depending on the security.
- • EQT AB operates through Private Capital (private equity, mid-market Asia ventures, public value) and Real Assets (infrastructure, real estate) segments, with TTM revenue of 2.63 billion SEK and net income of 727.8 million SEK; EQT Corporation generated TTM revenue of 9.36 billion USD with net income of 3.28 billion USD.
Summary
The market data for April 24, 2026, reflects divergent pricing for two distinct entities bearing the EQT name: EQT AB, a Stockholm-listed alternative asset manager, and EQT Corporation, a US-listed energy company. These are separate, unrelated businesses with different capital structures, business models, and geographic exposures.
EQT AB closed at 302.20 SEK, representing a 2.11% decline for the session, near the midpoint of its 52-week trading band (262.10–383.00 SEK). The Swedish alternative asset manager commands a market capitalization of 353.7 billion SEK with significantly elevated valuation multiples: a trailing P/E of 45.31x and forward P/E of 28.49x. This valuation profile reflects the higher earnings quality and growth expectations typical of global alternative asset management platforms. The company generated trailing twelve-month revenue of 2.63 billion SEK with net income available to common shareholders of 727.8 million SEK, translating to diluted EPS of 6.67 SEK. EQT AB's business model spans Private Capital (private equity, mid-market Asia, ventures, and public value strategies) and Real Assets (infrastructure and real estate), positioning it as a diversified alternative manager. The company trades with a forward dividend yield of 1.62% and maintains a debt-to-equity ratio of 35.2%, indicating moderate leverage appropriate for its asset-light business model.
EQT Corporation, the unrelated US energy company listed on NYSE, traded at $59.39 USD on April 24, with near-flat performance (-0.05%) for the session. The company's market capitalization stands at $37.1 billion with a substantially lower valuation multiple profile: trailing P/E of 11.27x and forward P/E of 12.76x. EQT Corporation generated TTM revenue of 9.36 billion USD with net income of 3.28 billion USD and diluted EPS of 5.27 USD, reflecting healthy profit margins of 35.07%. The energy operator maintains a conservative balance sheet with total debt-to-equity of 20.82% and generated levered free cash flow of 2 billion USD in the trailing twelve months. On April 24, 2026, UBS maintained its Buy rating while moderating its 12-month price target from $75 to $74 per share. Analyst consensus across 19 covering analysts supports an overall Buy rating, with 79% advocating Buy or Strong Buy positions and consensus 12-month price target of approximately $70.36 USD, implying 18.36% upside from the closing price.
The disparity in valuations between the two securities reflects fundamental differences in growth profile, earnings stability, and capital intensity. Investors should clearly distinguish between these entities when constructing positions.
EQT AB closed at 302.20 SEK, representing a 2.11% decline for the session, near the midpoint of its 52-week trading band (262.10–383.00 SEK). The Swedish alternative asset manager commands a market capitalization of 353.7 billion SEK with significantly elevated valuation multiples: a trailing P/E of 45.31x and forward P/E of 28.49x. This valuation profile reflects the higher earnings quality and growth expectations typical of global alternative asset management platforms. The company generated trailing twelve-month revenue of 2.63 billion SEK with net income available to common shareholders of 727.8 million SEK, translating to diluted EPS of 6.67 SEK. EQT AB's business model spans Private Capital (private equity, mid-market Asia, ventures, and public value strategies) and Real Assets (infrastructure and real estate), positioning it as a diversified alternative manager. The company trades with a forward dividend yield of 1.62% and maintains a debt-to-equity ratio of 35.2%, indicating moderate leverage appropriate for its asset-light business model.
EQT Corporation, the unrelated US energy company listed on NYSE, traded at $59.39 USD on April 24, with near-flat performance (-0.05%) for the session. The company's market capitalization stands at $37.1 billion with a substantially lower valuation multiple profile: trailing P/E of 11.27x and forward P/E of 12.76x. EQT Corporation generated TTM revenue of 9.36 billion USD with net income of 3.28 billion USD and diluted EPS of 5.27 USD, reflecting healthy profit margins of 35.07%. The energy operator maintains a conservative balance sheet with total debt-to-equity of 20.82% and generated levered free cash flow of 2 billion USD in the trailing twelve months. On April 24, 2026, UBS maintained its Buy rating while moderating its 12-month price target from $75 to $74 per share. Analyst consensus across 19 covering analysts supports an overall Buy rating, with 79% advocating Buy or Strong Buy positions and consensus 12-month price target of approximately $70.36 USD, implying 18.36% upside from the closing price.
The disparity in valuations between the two securities reflects fundamental differences in growth profile, earnings stability, and capital intensity. Investors should clearly distinguish between these entities when constructing positions.
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