One Stock That Turned a Mere $100 into a Jaw-Dropping $2,400 in 20 Years - Is It Still a Buy?

EQT (NYSE:EQT) has been an absolute powerhouse in the stock market over the past 20 years, knocking the lights out with an average annual return of 17.11% - a full 8.71% more than the overall market on an annualized basis.

This impressive track record has catapulted EQT to a behemoth-sized market capitalization of $20.95 billion, ranking it among the biggest players in its industry.

But what really puts EQT's remarkable performance into perspective is what a $100 investment would look like today. Fast forward 20 years, and that same $100 has magically transformed into a staggering $2,400. That's a mind-boggling gain of 2,300%, a sum of money that's genuinely life-changing.

Just how was EQT able to achieve such incredible returns? In the first place, EQT has established itself as a major player in the natural gas production and transmission business. With operations spanning the Appalachian region, EQT controls large swaths of highly productive gas-producing acreage in West Virginia and Pennsylvania.

In the second place, EQT has always been aggressively focused on ramping up production and bringing that new output to the market. Its dedication to higher production has helped EQT stay ahead of the game, even in those difficult times when many other gas producers were being hit particularly hard.

Now if there's one thing that sets EQT apart, it's their relentless appetite for growth and innovation in a rather competitive industry.

Some investors took the opportunity to call EQT overvalued during certain peaks in the industry and especially soon after hitting its highs. Instead, EQT continued on its path, as natural gas prices rebounded in later months.

There isn't just one source why investors take interest in the performance delivered from EQTCorp., the answer lies in history and time as strong numbers contribute and lift their decisions stronger than negative talk or trends at peak moments with or without speculation from various competing sectors.