-- アパラチア地域を拠点とする米国の石油・ガス生産会社EQT（EQT）は、2027年以降を見据え、戦略的にミッドストリーム事業の能力を拡大しており、中東紛争によるエネルギー市場の混乱の中で、市場の変化から恩恵を受ける有利な立場にあると、RBCキャピタル・マーケッツは日曜日の調査レポートで述べた。 RBCのアナリストによると、現在のプロジェクトの総生産量は日量20億～30億立方フィート相当だが、経営陣は取引先との協議の結果、生産量を日量80億～100億立方フィートに引き上げると見込んでいる。 RBCは特に、EQTが同業他社に先駆けてLNGの引き取り先を確保したことが、イラン紛争という状況下で大きな価値を生み出す可能性があると指摘している。 同社は統合ビジネスモデルの強みを活かし、第1四半期に好業績を上げた。 第1四半期の生産量は、冬季価格のピークと重なり、ガイダンスを上回った。一方、営業費用と設備投資はガイダンスを下回った。 EQTは、ミッドストリームにおける問題を迅速に特定する能力を示しており、これにより同社の営業チームは価格裁定取引を行うことができる。 昨年発表された同社のLNGオフテイク戦略は、ガス供給不足への懸念から一部の投資家を不安にさせたが、中東情勢の混乱により、その懸念はもはや関係なくなった。オフテイク契約は2030年に開始され、仕向け地契約もその時期に近いとRBCは述べている。 RBCはEQTに対し「セクター・パフォーム」のレーティングを付与し、目標株価を69ドルとしている（直近の株価は約58.91ドル）。
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