EQT Corp forecasts significant natural gas demand growth by 2030
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2024
0mins
Should l Buy EQT?
Source: NASDAQ.COM
EQT Corp's stock rose by 3.01% and reached a 20-day high amid a broader market decline, with the Nasdaq-100 down 0.20% and the S&P 500 down 0.17%.
The company is benefiting from a forecast by Wood Mackenzie that U.S. natural gas demand will increase by 22 billion cubic feet per day by 2030, driven by strong demand from AI data centers. Additionally, EQT's low production cost of $2 per MMBtu provides a competitive advantage, allowing it to generate substantial free cash flow, with $2.3 billion accumulated over the past year. This financial strength positions EQT well for future growth as it expands its pipeline projects and LNG export agreements.
EQT's strategic advantages and robust financial health suggest that the company is well-prepared to capitalize on the anticipated demand surge in the natural gas market, enhancing its market position and shareholder value.
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Analyst Views on EQT
Wall Street analysts forecast EQT stock price to rise
19 Analyst Rating
13 Buy
6 Hold
0 Sell
Moderate Buy
Current: 57.750
Low
50.00
Averages
65.18
High
76.00
Current: 57.750
Low
50.00
Averages
65.18
High
76.00
About EQT
EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused on the Appalachian Basin. It has operations in Pennsylvania, West Virginia and Ohio. It owns or leases approximately 610,000 net acres in Pennsylvania. Most of the acreage is located in the southwestern region of the state, with the majority located in Greene and Washington Counties. It is developing the Marcellus Shale and Upper Devonian Shale in this area. It also owns or leases 405,000 net acres in West Virginia. Most of the acreage is located in the northwestern region of the state, with the majority located in Doddridge, Marion, Tyler and Wetzel Counties. It owns or leases 65,000 net acres in eastern Ohio and is developing the Utica Shale in Belmont County. It operates Utica wells throughout its Ohio acreage. The Marcellus Shale lies nearly a mile or more beneath the surface throughout much of Ohio, Pennsylvania, New York and West Virginia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
EQT Corporation Q4 2025 Earnings Call Highlights
- Performance Exceeds Expectations: EQT generated nearly $750 million in free cash flow in Q4 2025, surpassing market expectations by approximately $200 million, marking the sixth consecutive quarter of exceeding free cash flow estimates and demonstrating strong financial execution.
- Production Capacity Enhancement: EQT's natural gas production consistently exceeded expectations in 2025, driven by exceptional performance in compression projects and well productivity, with a forecast of 2.275 to 2.375 Tcfe in 2026, further solidifying its market position.
- Strategic Investment: EQT announced plans to increase its stake in MVP Mainline and MVP Boost to approximately 53%, acquiring at a price equivalent to 9x adjusted EBITDA, which is expected to deliver a low-risk 12% IRR to the company.
- Optimistic Future Outlook: EQT projects approximately $6.5 billion in adjusted EBITDA and $3.5 billion in free cash flow for 2026, with cumulative free cash flow over the next five years expected to exceed $16 billion, showcasing the company's ability to capture value amid market volatility.
See More
EQT (EQT) Q4 2025 Earnings Call Transcript
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Nvidia and Meta Sign Major AI Partnership
- AI Partnership Agreement: Nvidia and Meta have signed a deal for Meta to utilize millions of Nvidia's Blackwell chips and networking technology in its data centers, which, while undisclosed in value, is expected to significantly enhance Meta's competitive edge in the AI sector.
- Positive Market Reaction: Following the announcement, both Nvidia and Meta saw slight increases in their pre-market stock prices, indicating market confidence in their AI expansion efforts, which could lay the groundwork for future growth.
- Optimistic Industry Outlook: Microsoft forecasts global AI spending to reach $650 billion by 2026, a 60% increase year-over-year, highlighting the rapid expansion of the AI market, positioning Nvidia and Meta favorably within this trend.
- CEO Insights: Nvidia's CEO Jensen Huang emphasized deep collaboration with Meta, while Meta's Mark Zuckerberg expressed aspirations to deliver “personal superintelligence” to users worldwide, showcasing the ambitious vision both companies have for the future of AI.
See More
EQT Q4 Non-GAAP EPS and Revenue Beat Expectations
- Earnings Beat: EQT's Q4 non-GAAP EPS of $0.90 exceeded expectations by $0.14, indicating strong profitability that is likely to positively impact the stock price.
- Significant Revenue Growth: The company reported Q4 revenue of $2.39 billion, a 46.6% year-over-year increase, surpassing market expectations by $230 million, reflecting robust demand and an increase in market share in the natural gas sector.
- 2026 Production Outlook: EQT forecasts production between 2,275 and 2,375 Bcfe for 2026, demonstrating confidence in future growth and providing clear guidance for investors.
- Free Cash Flow Projection: The company anticipates approximately $3.5 billion in free cash flow for 2026, factoring in $600 million in growth capital expenditures, which will enhance financial flexibility and support future infrastructure investments.
See More
EQT Corporation Exceeds 2025 Financial Expectations with Record Performance
- Strong Financial Performance: EQT Corporation reported a net income of $2.039 billion for 2025, a significant increase of $1.808 billion compared to 2024, showcasing the company's robust performance in the low-cost natural gas sector, thereby enhancing shareholder value.
- Significant Increase in Free Cash Flow: The company generated free cash flow of $2.949 billion in 2025, up from $695 million in 2024, indicating successful capital expenditure control and operational efficiency, which is expected to provide ample funding for future investments.
- Continued Reduction in Operating Costs: The per-unit operating cost for 2025 was $1.10, slightly up from $1.07 in 2024, but the overall improvement in operational efficiency has allowed the company to maintain its competitive edge in a challenging market, ensuring profitability.
- Positive Outlook for 2026: EQT expects total sales volume to range between 2,275 and 2,375 Bcfe in 2026, with planned capital expenditures of $2.07 to $2.21 billion, reflecting the company's confidence in future growth and strategic positioning.
See More
EQT Corporation Exceeds Financial Expectations for 2025
- Production Outperformance: EQT's sales volume reached 609 Bcfe in Q4 2025, exceeding the high end of guidance due to strong well performance and system pressure optimization, highlighting the company's competitive edge in the natural gas market.
- Capital Expenditure Control: Capital expenditures for 2025 totaled $655 million, 4% below the midpoint of guidance, reflecting operational efficiency gains and lower-than-expected infrastructure spending, enhancing the company's financial flexibility.
- Free Cash Flow Growth: Projected free cash flow for 2026 is approximately $3.5 billion, demonstrating the company's ability to generate strong cash flow while continuing to invest in high-return infrastructure projects.
- Debt Management Optimization: EQT expects to reduce net debt to approximately $4.7 billion by the end of 2026, significantly down from 2025, indicating positive progress in lowering financial leverage.
See More
EQT Corporation Q4 2025 Earnings Call Highlights
- Performance Exceeds Expectations: EQT generated nearly $750 million in free cash flow in Q4 2025, surpassing market expectations by approximately $200 million, marking the sixth consecutive quarter of exceeding free cash flow estimates and demonstrating strong financial execution.
- Production Capacity Enhancement: EQT's natural gas production consistently exceeded expectations in 2025, driven by exceptional performance in compression projects and well productivity, with a forecast of 2.275 to 2.375 Tcfe in 2026, further solidifying its market position.
- Strategic Investment: EQT announced plans to increase its stake in MVP Mainline and MVP Boost to approximately 53%, acquiring at a price equivalent to 9x adjusted EBITDA, which is expected to deliver a low-risk 12% IRR to the company.
- Optimistic Future Outlook: EQT projects approximately $6.5 billion in adjusted EBITDA and $3.5 billion in free cash flow for 2026, with cumulative free cash flow over the next five years expected to exceed $16 billion, showcasing the company's ability to capture value amid market volatility.
See More
EQT (EQT) Q4 2025 Earnings Call Transcript
See More
Nvidia and Meta Sign Major AI Partnership
- AI Partnership Agreement: Nvidia and Meta have signed a deal for Meta to utilize millions of Nvidia's Blackwell chips and networking technology in its data centers, which, while undisclosed in value, is expected to significantly enhance Meta's competitive edge in the AI sector.
- Positive Market Reaction: Following the announcement, both Nvidia and Meta saw slight increases in their pre-market stock prices, indicating market confidence in their AI expansion efforts, which could lay the groundwork for future growth.
- Optimistic Industry Outlook: Microsoft forecasts global AI spending to reach $650 billion by 2026, a 60% increase year-over-year, highlighting the rapid expansion of the AI market, positioning Nvidia and Meta favorably within this trend.
- CEO Insights: Nvidia's CEO Jensen Huang emphasized deep collaboration with Meta, while Meta's Mark Zuckerberg expressed aspirations to deliver “personal superintelligence” to users worldwide, showcasing the ambitious vision both companies have for the future of AI.
See More
EQT Q4 Non-GAAP EPS and Revenue Beat Expectations
- Earnings Beat: EQT's Q4 non-GAAP EPS of $0.90 exceeded expectations by $0.14, indicating strong profitability that is likely to positively impact the stock price.
- Significant Revenue Growth: The company reported Q4 revenue of $2.39 billion, a 46.6% year-over-year increase, surpassing market expectations by $230 million, reflecting robust demand and an increase in market share in the natural gas sector.
- 2026 Production Outlook: EQT forecasts production between 2,275 and 2,375 Bcfe for 2026, demonstrating confidence in future growth and providing clear guidance for investors.
- Free Cash Flow Projection: The company anticipates approximately $3.5 billion in free cash flow for 2026, factoring in $600 million in growth capital expenditures, which will enhance financial flexibility and support future infrastructure investments.
See More
EQT Corporation Exceeds 2025 Financial Expectations with Record Performance
- Strong Financial Performance: EQT Corporation reported a net income of $2.039 billion for 2025, a significant increase of $1.808 billion compared to 2024, showcasing the company's robust performance in the low-cost natural gas sector, thereby enhancing shareholder value.
- Significant Increase in Free Cash Flow: The company generated free cash flow of $2.949 billion in 2025, up from $695 million in 2024, indicating successful capital expenditure control and operational efficiency, which is expected to provide ample funding for future investments.
- Continued Reduction in Operating Costs: The per-unit operating cost for 2025 was $1.10, slightly up from $1.07 in 2024, but the overall improvement in operational efficiency has allowed the company to maintain its competitive edge in a challenging market, ensuring profitability.
- Positive Outlook for 2026: EQT expects total sales volume to range between 2,275 and 2,375 Bcfe in 2026, with planned capital expenditures of $2.07 to $2.21 billion, reflecting the company's confidence in future growth and strategic positioning.
See More
EQT Corporation Exceeds Financial Expectations for 2025
- Production Outperformance: EQT's sales volume reached 609 Bcfe in Q4 2025, exceeding the high end of guidance due to strong well performance and system pressure optimization, highlighting the company's competitive edge in the natural gas market.
- Capital Expenditure Control: Capital expenditures for 2025 totaled $655 million, 4% below the midpoint of guidance, reflecting operational efficiency gains and lower-than-expected infrastructure spending, enhancing the company's financial flexibility.
- Free Cash Flow Growth: Projected free cash flow for 2026 is approximately $3.5 billion, demonstrating the company's ability to generate strong cash flow while continuing to invest in high-return infrastructure projects.
- Debt Management Optimization: EQT expects to reduce net debt to approximately $4.7 billion by the end of 2026, significantly down from 2025, indicating positive progress in lowering financial leverage.
See More
