$EQT

EQT Corp. (EQT) fell 5% this week, closing near $50, due to soft natural gas prices. Despite this, the company raised its 2026 sales volume guidance and secured a 10-year gas supply agreement. A valuation model targets a $77 price, implying 45.8% upside over 2.3 years. EQT aims to become the largest U.S. natural gas producer, competing with Expand Energy (EXE) and Range Resources (RRC).

Analysts from RBC Capital and TD Cowen provided updates on energy companies. Enbridge (ENB) received a Buy rating and C$84.00 target from RBC, with a consensus target of $58.53. EQT (EQT) was rated Hold with a $63.00 target by RBC, while the consensus is Strong Buy with a $68.12 target.

Appalachia gas producers are reducing long-haul firm transportation commitments due to growing local demand. Ascent Resources cut $700MM of long-term contracts, while Antero Resources (AR) and EQT are shifting to regional sales. East Daley Analytics forecasts 2.2 Bcf/d of new regional demand for data centers and industrial expansions. Producers are optimizing portfolios to improve margins, with some pipeline capacity likely to hold value better than others.

EQT and Norway's wealth fund bid for Acciona Energia, competing with Ardian. Acciona owns 91.1% of the renewable energy firm, valued at €11.9B. The sale process is advancing, with final bids due in October. Acciona is advised by Citi and Goldman Sachs.

JPMorgan raised its price target for EQT from $65 to $68, maintaining an overweight rating. The stock is currently trading at $53.12. Stephens also recently adjusted its target for EQT from $72 to $71, keeping an overweight rating.

EQT (NYSE:EQT) subsidiary secured a long-term LNG supply deal with Lithuanian energy group UAB Ignitis, covering deliveries from 2027 to 2036. The agreement exposes EQT to US and European gas price benchmarks. EQT, a US-based natural gas producer, has a market value of approximately $34.4 billion. The deal aligns with EQT's strategy of long-term gas contracts and infrastructure investments for stable cash flow.

Barclays analyst Betty Jiang maintained a Buy rating and $68 price target for EQT. The consensus is Strong Buy with a $67.88 target. EQT reported Q2 revenue of $1.81B and net profit of $281.45M, down from $2.56B and $784.15M last year.

Oil and gas companies are expanding into power generation through behind-the-meter (BTM) projects, partnering with hyperscalers like Microsoft. Chevron, Williams, and EQT are involved in significant BTM initiatives, with Chevron's Project Kilby targeting 2.67 GW capacity. Williams reported Q2 earnings growth, partly due to its power projects, while EQT is monetizing gas into power-linked contracts. Analysts project substantial data-center load growth, driving demand for BTM solutions.

Mizuho upgraded its 2026 Brent/WTI price forecasts to $73.25/$68.25 per barrel, citing Middle East disruptions. The firm highlighted EQT Corporation (EQT), Devon Energy (DVN), and Permian Resources (PR) as top picks, noting their strong Q2 results and exposure to improving oil fundamentals. The S&P 500 Energy sector gained 2.5% week-over-week, outperforming the broader market by 29.2% year-to-date.

EQT is launching an Asia-Pacific-focused private capital platform through its new EQT Nexus Asia Evergreen Strategy. The move aims to expand its presence in the region. EQT's stock is currently trading at 317.40 SEK, with a slight decline over the past 5 days and year.