EQT Corporation

Eagle Capital Management highlighted EQT Corporation in its second-quarter 2026 investor letter, citing the natural gas producer's low-cost assets and favorable supply-demand outlook. The firm expects EQT's earnings per share to grow in the mid-teens over the next several years, driven by added LNG export capacity and rising U.S. electricity demand from data center buildouts. EQT closed at $53.64 per share on August 19, 2026, with a market capitalization of $33.55 billion. Eagle noted that EQT's position in the Marcellus shale and internally owned pipeline assets give it a distinctive advantage over most peers.

EQT AB repurchased 643,000 of its own ordinary shares between 10 August and 14 August 2026. The buybacks are part of a program announced on 12 May 2026 for up to 4,368,899 shares, with a maximum total value of SEK 2,500,000,000, running from 20 July to 4 September 2026. The weighted average price for the week was SEK 346.3653, bringing the total transaction value to SEK 222,712,877.60. Since the program began, EQT has repurchased 2,438,661 shares at an average price of SEK 330.9512, for a total of SEK 807,077,666.40. Following these purchases, EQT holds 59,103,426 own shares, leaving 1,167,499,438 outstanding out of 1,226,602,864 issued.

Americold Realty Trust raised its full-year adjusted funds from operations guidance to a range of $1.26 to $1.32 per share, an increase of $0.04 at the midpoint, after reporting second-quarter AFFO of $0.35 per share. The company also announced a $1.3 billion strategic joint venture with EQT involving 12 contributed assets at a 7% blended cap rate, with proceeds expected to repay approximately $1.1 billion of debt and reduce leverage by roughly three-quarters of a turn. Physical occupancy in the global warehouse segment rose 200 basis points sequentially and 300 basis points year over year to 67.4%, while economic occupancy reached 76.0%, tightening the gap between the two metrics to 860 basis points. Americold recorded a $298.8 million noncash impairment charge in the second quarter related to the wind-down of automated facilities in Lancaster and Plainville, contributing to a net loss of $342.8 million for the quarter. The company also reported total revenues of $662.9 million, up 1.9% from the prior year, and core EBITDA of $159.1 million, flat compared to the second quarter of 2025.

SpaceX's latest earnings call triggered sharp moves in telecom and energy stocks after executives outlined plans to build a terrestrial wireless network and massive power infrastructure. COO Gwynne Shotwell said Starlink would target customers of AT&T, Verizon, and T-Mobile, which together generate roughly $600 billion a year, causing shares of those carriers to drop. Deutsche Telekom CEO Timotheus Hottges acknowledged the market reaction, calling it overblown but saying the company takes SpaceX's ambitions seriously. Separately, Elon Musk's comments about building 20 gigawatts of power lifted natural gas equipment suppliers GE Vernova and Baker Hughes, as well as power providers Constellation Energy, NextEra Energy, Vistra, and EQT Corporation. The call also boosted Nvidia after Musk said SpaceX would build exclusively on its Vera Rubin architecture, and highlighted Echostar's 261.8 million share stake in SpaceX as a direct beneficiary.

SpaceX is targeting as much as 20 gigawatts of power, cooling, and electrical infrastructure online by the end of next year, a demand level that Melius Research calls a 'clear positive' for industrial equipment suppliers. Managing director James West highlighted that this massive requirement, nearly half of the 53 gigawatts of new US generation capacity added in 2025, will benefit companies already riding the AI infrastructure boom. Among the beneficiaries are natural gas power equipment makers GE Vernova and Baker Hughes, as well as power providers Constellation Energy, NextEra Energy, Vistra, and EQT Corporation. GE Vernova reported a 36% backlog increase to $176 billion in its second quarter, with power segment orders up 134% year on year, while Baker Hughes saw its industrial energy and technology orders double to over $7 billion. Elon Musk stated that even if forecasts fall short, SpaceX should still have around 15 gigawatts of capacity at the power plant level by the end of 2027.

EQT has commenced a share buyback program running from July 20 to September 4, 2026, authorizing the repurchase of up to 4,368,899 shares for a maximum of SEK 2,500 million. The buyback begins as the stock has gained 14.34% over the past 30 days and 9.14% over 90 days, though the year-to-date return is down 9.63% and the five-year total shareholder return is down 23.16%. A widely followed narrative suggests the shares may be undervalued, with a fair value estimate of SEK370.13 compared to the last close of SEK323.70, implying potential upside. However, the stock trades at a price-to-earnings ratio of 33 times, above the European Capital Markets average of 13.8 times and a fair ratio of 30.5 times, indicating the market already assigns a premium.

EQT is accelerating work on the Mountain Valley Pipeline Southgate extension after securing all major regulatory approvals, finalizing a long-term supply agreement and expanding its midstream asset base through a recent infrastructure acquisition. The company is pulling forward $85 million of capital spending to advance the project, while signing a 10-year contract with Competitive Power Ventures' Shay Energy Center that provides volume and pricing visibility. EQT also completed the $77 million Blackline Midstream acquisition, adding storage and distribution capacity to support marketing options. These moves aim to tighten the link between upstream gas production and fee-based midstream cash flows, though they concentrate project execution and regulatory risk over the next few years.

US stock futures are pointing slightly lower as investors weigh higher bond yields and firm energy prices against softer jobs data. The US 10-year Treasury yield is trading near a two-month high around 4.63%, keeping borrowing costs elevated, while a surprise US crude inventory build of 2.6 million barrels and emergency reserves at a 43-year low keep energy costs in focus. ADP private hiring continues to slow, raising questions about whether rate-sensitive sectors like banks and real estate or economically sensitive areas like consumer and small-cap stocks should be the priority for portfolio risk. Among top movers, Westinghouse Air Brake Technologies jumped 10.04% after Q2 results and a higher BofA price target, Dell Technologies surged 9.32%, and EQT gained 8.45% after analysts raised price targets following Q2 performance and cash flow metrics. On the losing side, Boxabl declined 23.85%, Innio declined 9.66%, and GE Vernova declined 8.69% following a share buyback tranche update filing. Earnings from Intel, Honeywell International, Blackstone, and NextEra Energy are on the radar, with Intel reporting Q2 results after the market close on Thursday.

EQT Corp reported record operational performance in its second quarter 2026 earnings call, including drilling the longest lateral in shale development history at over 29,000 feet with no safety incidents. The company generated $330 million in free cash flow during the quarter, while natural gas prices averaged $2.89 per MMBtu. EQT raised its 2026 production guidance by approximately 90 Bcfe and lowered full-year capital expenditure by $25 million. The company also pulled forward $85 million in capital contributions for the MVP Southgate project into 2026 and acquired Blackline Midstream for approximately $77 million, which includes 46 million gallons of propane storage capacity in New England and is projected to yield a 20% free cash flow yield under base case underwriting. Additionally, EQT signed a five-year LNG offtake agreement for 0.5 million tons per annum starting in 2028, expected to increase free cash flow by approximately $45 million in that year, and is approaching its long-term net debt target of $5 billion.

Super Micro Computer shares surged 25% after the server maker reported preliminary fourth-quarter results with much stronger profitability than expected, offsetting revenue near the low end of guidance. EQT rose over 6.6% on stronger-than-expected second-quarter production and raised its 2026 sales volume guidance to 2,375–2,450 billions of cubic feet equivalent. Amazon slipped 1% after confirming job cuts in its artificial intelligence group. AAR slid almost 11% after fiscal fourth-quarter margins missed estimates, with management citing constrained supplies of used serviceable material. Westinghouse Air Brake Technologies popped 11% to a 52-week high after lifting full-year guidance. Chubb fell more than 3% despite reporting slower property and casualty insurance growth due to underwriting discipline. Dell Technologies and Hewlett Packard Enterprise rose 10% and 5%, respectively, as Super Micro's results boosted server peers. Pegasystems tumbled more than 16% after second-quarter earnings missed expectations. Rocket Lab gained 3.5% on a $266 million U.S. Air Force contract. GE Vernova declined more than 7% despite a revenue beat and raised guidance. AT&T rose 2.9% after adjusted earnings topped estimates. CME Group added 5% on better-than-expected second-quarter results.

EQT Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.165 per share on its common stock. The dividend is payable on September 1, 2026, to shareholders of record at the close of business on August 5, 2026.

An 89-year-old reader asked whether he should stop following income-focused investment advice since he only seeks growth. The response highlights a 52% total return on EQT Corp since its addition to the Hidden Yields dividend growth portfolio in January 2024, driven by natural gas demand from AI data centers. EQT’s market cap has ballooned to $37 billion, and it is the exclusive gas supplier for the Homer City AI power campus, one of the largest single-site gas deals in North American history. The company’s first-quarter revenue nearly doubled to $3.4 billion, and its dividend was raised by 5% in October, with more hikes likely. The advice concludes that dividend growth investing can deliver double-digit annual returns and urges the reader to stay.

Global private equity fundraising topped $260 billion in the first half of 2026, putting the sector on pace to raise about 17% more this year than in 2025, but the rebound is increasingly benefiting the industry's largest players. The number of funds successfully closing is shrinking sharply, with about 310 funds reaching a final close in the first six months, putting 2026 on track for roughly 620 fund closings, down from 830 last year and well below the more than 1,000 annual closings recorded for much of the past decade. Funds targeting more than $1 billion have captured more than 80% of capital raised so far this year, the highest share in more than a decade. Major firms continue to attract investor commitments, with KKR recently closing a $23 billion North American buyout fund, EQT completing a roughly $16 billion Asia-Pacific vehicle, and Advent nearing a $26 billion fundraising target. The trend has fueled concerns about a growing number of so-called zombie firms that continue managing existing investments but struggle to raise fresh capital, with EQT Chief Executive Per Franzén predicting last year that as many as 80% of private capital firms could fall into that category within the next decade.

EQT Corporation has agreed to acquire Copia Power, an integrated power and AI infrastructure platform, from The Carlyle Group. Financial terms were not disclosed. The transaction is expected to close by the end of 2026. Copia develops integrated energy campuses combining power generation, high-voltage transmission, and data center infrastructure, with more than 2.6 gigawatts of energy generation and storage assets in operation or under construction and over 9 gigawatts of grid-connected data centers in development. EQT stated the acquisition expands its U.S. AI infrastructure portfolio across data centers, energy, and fiber connectivity, and it plans to partner with Copia's management to scale the platform and advance its integrated campus model nationwide.

StockStory identified two value stocks to own for decades and one to ignore. Morningstar, trading at $165.15 per share with a forward P/E of 14.1x, is favored for its 11.5% annual sales growth over five years and 40.7% annual EPS growth driven by share repurchases. EQT, priced at $51.33 with a forward P/E of 13x, is highlighted for its 15.4% annual revenue growth over ten years and a robust free cash flow margin of 29.6%. Asana, at $7.14 and a forward P/S of 2x, is flagged as a sell due to disappointing 9.6% average ARR growth and a net revenue retention rate of 96%.

Freedom Broker initiated coverage of EQT Corp with a Buy rating and a $79 price target on June 30. The brokerage noted that EQT Corp is the largest US natural gas producer and stands to benefit from improving natural gas market fundamentals. Demand is being driven by high summer cooling needs, increased exports, tight supplies, and AI data center buildout. EQT Corp generated a record free cash flow of $1.83 billion in the first quarter of 2026 and is nearing its target of cutting long-term debt to $5 billion.

EQT Corp., through its BPEA EQT Mid-Market Growth Partnership, has agreed to acquire Melbourne-based parking technology provider Orikan Group Pty Ltd. for undisclosed terms. The deal supports EQT's Asia mid-market strategy, which invests in high-growth businesses across the Asia-Pacific region. EQT plans to support Orikan's next stage of growth through investments in product innovation, AI, data capabilities, service delivery, customer experience and international expansion. Orikan provides integrated parking operations, enforcement and infringement management services supported by software, hardware, payments and data capabilities, employing nearly 400 people and serving government and private sector customers across Australia, New Zealand and North America.

Natural gas is poised to replace petroleum as the largest source of U.S. energy consumption for the first time in 75 years. In 2025, petroleum accounted for 37% of U.S. energy consumption while natural gas sat at 36%, according to EIA data cited by Bloomberg. The EIA projects natural gas demand will grow 3.4% between 2025 and 2027, compared with 0.6% for petroleum, rapidly closing the gap. EQT Corp. CEO Toby Rice told Bloomberg he expects natural gas to cross that threshold within the next couple of years and hold a big lead by 2030. The shift is driven by gas-fired power generation, which already supplies more than 40% of U.S. electricity, surging demand from AI data centers, and a doubling of LNG export capacity expected by 2031.

StockStory highlights two energy stocks to consider and one to avoid. EQT, the largest U.S. natural gas producer by daily volume, posted 15.4% annual revenue growth over the past decade and improved its EBITDA margin by 27 percentage points in five years. HighPeak Energy, operating in the Midland Basin, achieved 78.2% annual revenue growth over five years and a best-in-class gross margin of 78.8%. Meanwhile, ExxonMobil is flagged for a below-peer gross margin of 44.1% and stagnant EBITDA margin over the same period.

Moody's has revised its outlook on EQT Corporation to Positive following the company's reduction of approximately US$8.00 billion in debt. The upgrade reflects lower perceived credit risk and the potential for cheaper future financing, supporting EQT's investment narrative as a low-cost natural gas producer positioned to supply AI-related power demand. EQT's strengthened balance sheet may aid funding for midstream capacity and long-term contracts tied to AI and power loads, though risks from decarbonization policies and renewable buildouts remain. The company's narrative projects US$10.1 billion in revenue and US$3.4 billion in earnings by 2029, with a fair value estimate of US$70.04 per share, representing a 33% upside to its current price.

A newsletter by Porter Stansberry and Luke Lango names EQT Corporation as their top natural gas company poised to benefit from surging electricity demand from artificial intelligence. The writers argue that natural gas will serve as a bridge fuel to power AI data centers until nuclear energy scales up, calling EQT critical to the future of America's natural gas industry. Separately, CNBC's Jim Cramer also highlighted EQT as a data center natural gas play. Moody's recently upgraded EQT's outlook to Positive from Stable, citing $8 billion in debt reduction. EQT shares are down 11.6% over the past year and 3.7% year-to-date.

StockStory identified Jabil, Motorola Solutions, and EQT as three large-cap stocks with attractive long-term potential. Jabil, with a market cap of $39.76 billion, reported $33.59 billion in revenue and an 18.4% annual earnings per share growth over five years, alongside a 34.7% return on capital. Motorola Solutions, valued at $68.12 billion, achieved 9.5% annual revenue growth over five years and a 19.2% free cash flow margin. EQT, the largest U.S. natural gas producer by daily volume with a $32.02 billion market cap, posted 15.4% annual revenue growth over ten years and expanded its EBITDA margin by 27 percentage points over five years.

EQT shares have fallen 15.1% for the month ending June 18 and sit 25.7% below their 52-week high, but the natural gas producer's recent underperformance may be excessive given its operational improvements and potential to benefit from rising data-center power demand. The company reintegrated its Equitrans midstream unit, cutting net unit costs by 15%, and reduced well costs by 13% in the first quarter, helping generate $1.8 billion in free cash flow. EQT also slashed its outstanding debt from $7.7 billion at the end of 2025 to $5.7 billion at the end of the first quarter, supporting a growing dividend. With 90% of its output being dry natural gas and production located near the data-center-heavy Northeast Corridor, EQT could gain if utilities invest in natural gas plants to meet AI-driven electricity needs.

The Motley Fool compares EQT and Occidental Petroleum as energy investments for 2026, highlighting EQT's pure-play natural gas focus and Occidental's diversified oil and carbon-capture operations. EQT reported fiscal 2025 revenue of nearly $8.6 billion, a 61.5% increase, with net income exceeding $2.0 billion and a net margin of nearly 22.5%, while Occidental's revenue reached approximately $21.6 billion, down almost 2%, with net income of nearly $1.68 billion and a net margin close to 8%. EQT's debt-to-equity ratio was approximately 0.3x and free cash flow nearly $2.8 billion, compared to Occidental's roughly 0.7x debt-to-equity and around $3 billion in free cash flow. Occidental trades at a forward P/E of 9.7x and a P/S ratio of 2.5x, cheaper than EQT's 11.0x forward P/E and 3.3x P/S, but the analysis favors EQT for stability and long-term growth driven by European demand shifting away from Russian gas.

Morgan Stanley has lowered its Brent crude price forecasts for the rest of 2026, trimming its third-quarter estimate to $90 per barrel from $100 and its fourth-quarter view to $80 from $95, while arguing that the recent 29% plunge in WTI has moved ahead of actual supply disruptions. The bank’s oil strategist Martijn Rats expects only 50% of disrupted production to return by September and 80% by December, leaving a global deficit of about 3.4 million barrels per day in the third quarter. Morgan Stanley also notes that equity valuations for oil producers are discounting a WTI price of roughly $66 per barrel, well below the 12-month strip of around $75, and that the bank’s own 2026 WTI price deck stands at $88.24. The note identifies high US exports and low Chinese imports as structural factors capping upside, while highlighting that global strategic petroleum reserve releases are set to drop sharply from 2.5 million barrels per day to 0.7 million in July and August. The bank maintains Overweight ratings on several major and E&P names, viewing the pullback as a differentiated opportunity.