EQT Corporation and natural gas

Background Information:

• The largest independent natural gas producer in the U.S. (Appalachian Basin).
• Strong infrastructure, extensive production rights, emphasis on efficiency and low-cost production.

Current development and performance:

• Shares of $EQT are up +12% in 2025, while the S&P 500 is down more than 3%.
• UBS raised its recommendation to "buy" and target price to $64 (+23% potential).

3 major growth catalysts:

1. LNG exports - the launch of three new terminals in 2026 will boost demand for US gas.
2. AI and data center boom - massive growth in energy requirements, $EQT advantageously positioned geographically.
3. Olympus Energy acquisition ($1.8bn) - expanded production capacity, synergies and efficiencies.

Strategy and market position:

• The company has uncovered exposure for 2026, allowing it to take full advantage of potential natural gas price increases.
• It is considered a flexible leader, able to benefit from a volatile market.

Analyst Sentiment:

• According to LSEG, EQT has 16 "buy" recommendations, the rest "hold" - high market confidence.
• UBS and others see the combination of LNG, AI and acquisition as a strong fundamental for growth.

Conclusion:

$EQT is currently one of the best positioned players in the energy sector - benefiting from macro trends (LNG, AI), strategic acquisitions and its flexible pricing strategy. For investors looking for growth potential in the energy sector with a long-term vision, EQT may be an attractive entry point.