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EQT (EQT) has an average rating of overweight and mean price target of $67.96, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
EQT (EQT) has an average rating of overweight and mean price target of $67.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Global oil prices pulled back from a spike late last week, as easing geopolitical tensions following a pause in direct US-Iran strikes outweighed fresh friction in the Bab el-Mandeb Strait and ongoing disruptions to key Middle Eastern trade routes, according to TPH Energy Research in a Monday note.Matt Portillo, analyst at TPH Energy, said Brent crude futures hovered at about $88.20 per barrel, retreating from a peak of $96.80/bbl hit on Friday.The pullback follows optimism surrounding potential peace talks and indications that further immediate escalation has been averted.However, energy markets remain on edge. TPH analysts said that while US and Iranian officials have paused hostilities, Saudi-Houthi tensions escalated last week.The Houthis implemented a naval blockade in the Bab el-Mandeb Strait, targeted two Saudi oil tankers, and launched strikes at Saudi oil infrastructure, which were successfully defended, following a retaliatory strike by Riyadh.Flows through key regional arteries remain complicated. Transits through the Strait of Hormuz are significantly depressed, and about 4 to 4.5 million barrels per day of Yanbu oil exports must be rerouted.TPH said two Chinese tankers laden with Saudi crude recently managed to transit the Strait, market participants are grappling with logistical bottlenecks, as fully laden Very Large Crude Carriers are unable to pass through the Suez Canal, forcing alternative routes that more than double transit times.Portillo said as the corporate earnings season kicks into gear, energy executives and investors are parsing industry results for deeper insights into the macroeconomic landscape across upstream and oilfield services sectors.On the oilfield services front, recent commentary from Halliburton (HAL) and Liberty Energy (LBRT) indicates that analyst expectations for pressure pumping price gains were overly optimistic, pointing instead to more modest growth.Meanwhile, upbeat commentary on deepwater markets from Halliburton and SLB (SLB) continues to reinforce a broader industry preference for international exposure over North American onshore Lower 48 plays.On the upstream gas front, early results from EQT (EQT), Range Resources (RRC), and Ovintiv (OVV) highlighted a growing focus on longer-term supply and demand dynamics through the coming decade.Though near-term market fundamentals face lingering headwinds looking toward 2027, long-only investor interest has begun to pick up.TPH analysts highlighted that both EQT and RRC have maintained a prudent stance on supply growth as new demand sources develop. A primary catalyst for outperformance last week was EQT's announcement of a 10-year supply agreement to power generation facilities, linked to PJM power market pricing rather than local in-basin benchmarks.Price: $32.58, Change: $-0.78, Percent Change: -2.35%
Expand Energy (EXE) has agreed to acquire private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer.Twin Eagle, which was founded in 2010, markets more than 5 billion cubic feet per day of natural gas and manages about 44 billion cubic feet of storage capacity, the companies said in a joint statement Monday. It serves more than 1,000 customers across the US and Canada."This transaction accelerates Expand's evolution into a leading integrated natural gas company with a commercial and marketing advantage compared to peers," Expand Energy interim Chief Executive Michael Wichterich said in a statement. "By combining Expand's scale, resource depth and financial strength with Twin Eagle's marketing and optimization platform, we'll capture additional margin across the natural gas value chain and deliver more durable shareholder returns."On a pro forma basis, Expand Energy expects the combined portfolio to have about 14 billion cubic feet per day of marketed volume. "The acquisition will broaden access to premium demand centers across the US and Canada, reaching approximately 90% of the natural gas market," the companies said.In an emailed client note, Wedbush Securities said the transaction converts Expand Energy's upstream scale advantage into a "downstream commercial moat." Owning asset-backed marketing capabilities, along with the largest US gas supply base, should support more durable margins for the company, Wedbush analyst Michael Piccolo wrote."The more important signal is directional: (Expand Energy) is positioning itself as an integrated producer marketer ahead of accelerating (liquefied natural gas) and data center driven gas demand, a structural theme we would expect peers such as EQT (EQT) and Antero Resources (AR) to be evaluated against as investors reward integrated commercial capability over pure wellhead exposure," Piccolo said.The transaction is initially projected to generate more than $200 million in annual earnings before interest, taxes, depreciation and amortization and deliver synergies of $150 million per year by the end of 2028, Expand Energy said. It expects $750 million of incremental free cash flow per year, representing a 50% increase from its previous target.The deal, which requires approval from regulators, is expected to be completed in the third quarter."Together, with our new partner, we can create additional value in ways neither company could have accomplished on its own," Twin Eagle CEO Jeremy Davis said.Price: $90.98, Change: $-0.55, Percent Change: -0.60%
EQT (EQT) has an average rating of overweight and mean price target of $67.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Energy stocks advanced late Wednesday afternoon with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index climbed 1%, and the Dow Jones US Utilities Index gained 1.8%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time Iran attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 3.3% to $87.13 a barrel, and global benchmark Brent advanced 3.7% to $94.38 a barrel. Henry Hub natural gas futures rose 2.9% to $2.95 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 3.0 million barrels in the week ended July 17 following a decrease of 4.7 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.0 million barrels after a 1.7-million-barrel drop in the previous week, compared with the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.Separately, NextEra Energy (NEE), Duke Energy (DUK), Equinix (EQIX) and Digital Realty Trust (DLR) are among nearly 200 companies backing US President Donald Trump's pledge to limit consumers' exposure to rising electricity bills driven by AI, The Wall Street Journal reported, citing a White House list of signatories.In corporate news, EQT (EQT) shares jumped 7.9% a day after the company reported Q2 revenue above market expectations.Equinor (EQNR) shares climbed 6.2% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares added 1.6% after it said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik. GE Vernova shares were down 8.1%.
Energy stocks advanced late Wednesday afternoon with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index climbed 1%, and the Dow Jones US Utilities Index gained 1.8%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time Iran attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 3.3% to $87.13 a barrel, and global benchmark Brent advanced 3.7% to $94.38 a barrel. Henry Hub natural gas futures rose 2.9% to $2.95 per 1 million BTU.In corporate news, EQT (EQT) shares jumped 7.9% a day after the company reported Q2 revenue above market expectations.
EQT (EQT) signs a series of commercial deals with power and LNG customers while reporting stronger-than-expected Q2 operating performance, as the US natural gas producer seeks to capitalize on rising domestic electricity demand and export growth, TPH Energy strategists said on Wednesday.The energy firm signed a 10-year agreement to supply 325,000 dekatherms per day of natural gas to the CPV Shay power plant in West Virginia, under a pricing structure linked to the PJM power market.Jake Roberts, analyst at TPH, said that deliveries are projected to begin as early as 2031.The agreement is one of EQT's most significant moves to date to secure long-term demand from the power sector, where electricity consumption is forecasted to rise amid the expansion of data centers and artificial intelligence infrastructure.EQT also signed an LNG offtake agreement for 0.5 million metric tons per annum beginning in 2028 and agreed to acquire Blackline Midstream, which owns two propane storage and distribution terminals in the US Northeast, for $77 million.The US energy firm reported Q2 financial results that beat estimates, buoyed by higher production volumes, better price realizations, and lower capital expenditures.Production reached 634 billion cubic feet equivalent, above the company's guidance range and ahead of TPH analyst expectations, driven by stronger well performance, compression optimization and fewer production curtailments.EQT raised its full-year production guidance by 90 bcfe to a range of 2.38 trillion to 2.45 trillion cubic feet equivalent, citing stronger-than-expected compression performance and lower base production declines.The company lowered its maintenance capital outlook by $25 million but increased expected equity contributions by $85 million as it accelerates spending on the Mountain Valley Pipeline Southgate project, targeting completion by the end of 2026. Total capital spending guidance now stands at roughly $2.89 billion.For Q3, EQT forecasts production of 570 bcfe to 620 bcfe and capital spending of about $830 million.Price: $52.84, Change: $+3.04, Percent Change: +6.10%
EQT (EQT) has an average rating of overweight and mean price target of $67.96, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
EQT (EQT) has an average rating of overweight and mean price target of $67.96, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
US-based energy firm EQT (EQT) reported Q2 earnings Tuesday, showing total sales volume of 634 billion cubic feet equivalent, up from 568 Bcfe a year earlier, driven by stronger well performance and lower-than-expected curtailments.Natural gas sales volume increased to 596.98 Bcf for the quarter ended June 30, up from 534.44 Bcf a year earlier.Total liquids sales volumes were 6.25 million barrels, compared with 5.63 million barrels in the prior-year quarter.Natural gas liquids excluding ethane declined to 3.46 million barrels, from 3.75 million barrels a year earlier, while ethane sales volume rose to 2.32 million barrels from 1.57 million barrels.Oil sales volume increased to 468,000 barrels for Q2, compared with 313,000 barrels a year earlier.Strong well productivity, compression optimization and fewer price-related curtailments pushed production above the high end of guidance.EQT increased its full-year 2026 sales-volume guidance to 2,375 Bcfe to 2,450 Bcfe and expects 570 Bcfe to 620 Bcfe for Q3 202.The company plans to spend $200 million to $240 million on growth projects during Q3 while bringing 34 to 50 net wells online.EQT expects maintenance capital spending of $510 million to US$580 million during the quarter.EQT signed a 10-year agreement with Competitive Power Ventures to supply 325,000 dekatherms per day of natural gas to the 2-gigawatt CPV Shay Energy Center in West Virginia.EQT said it had secured key approvals for the MVP Southgate project and accelerated $85 million of capital contributions to support completion by the end of 2026.The company completed its $77 million acquisition of Blackline Midstream, adding two propane storage and distribution terminals with 46 million gallons of storage capacity.
EQT (EQT) reported Q2 Tuesday adjusted earnings of $0.39 per diluted share, down from $0.45 a year earlier.Analysts polled by FactSet expected $0.41.Revenue for the quarter ended June 30 was $1.81 billion, down from $2.56 billion a year ago.Analysts surveyed by FactSet expected $1.76 billion.
Energy investors are looking beyond US shale producers toward offshore drilling, Canadian oil companies, and global energy firms as the North American shale industry enters a more mature phase, TPH Energy strategists said in a note on Monday.TPH analysts said after meetings with institutional investors in Toronto and New York, discussions were dominated by the outlook for natural gas, crude prices, and the long-term positioning of energy service companies following recent volatility in oil markets.The analysts said gas markets are a key focus among investors, with focus centered on the timing of a potential recovery and regional supply-demand dynamics across areas, including the Waha hub in Texas, the Gulf Coast, the US Northeast and Canada.TPH said among gas-focused stocks, EQT (EQT) and Expand Energy (EXE) attracted the most investor attention, while Canada's Tourmaline Oil, Antero Resources (AR), Range Resources (RRC) and Comstock Resources (CRK) featured in discussions.On crude markets, investors are assessing a reversal in prices following the Middle East conflict, as well as the factors that provided unexpected support to oil prices, including weaker-than-expected Chinese demand and opaque inventory movements.However, TPH said that concerns over a potential supply surplus have resurfaced, driven by stronger-than-expected US production growth and rising output discussions around Argentina, the UAE and Iraq.Shale is structurally maturing, Jeoffrey Lambujon, analyst at TPH Energy, said, adding that the trend could encourage investors to diversify toward Canadian producers, international operators and offshore projects.Oil-focused discussions covered US producers including Diamondback Energy (FANG), Devon Energy (DVN), ConocoPhillips (COP) and Ovintiv (OVV), together with Canadian firms including Suncor Energy (SU), Cenovus Energy (CVE), Canadian Natural Resources (CNQ) and Imperial Oil (IMO).Global oil majors including Chevron (CVX), Exxon Mobil (XOM) and BP (BP) were also discussed, with investors focusing on inventory levels, capital allocation strategies, growth opportunities, mergers and acquisitions, and regulatory progress affecting Canadian oil sands producers.Meanwhile, though crude price volatility has kept some investors on the sidelines, interest in the oil services sector remains strong, particularly among investors seeking exposure to longer-term offshore and international growth trends.Jeff LeBlanc, analyst at TPH, said that US shale's maturation and continued efficiency gains lead many investors to prefer offshore and international names over US pure plays.Offshore drilling firms attracted attention in nearly every investor meeting, with clients broadly agreeing that the sector benefits from structural supply constraints and improving fundamentals.TPH said investors raised questions about near-term contract availability, companies' contracting strategies and whether day rates could rise faster than expected as utilization tightens.However, optimism around oilfield services pricing has moderated somewhat in North America, as producers have indicated that recent pricing discussions have largely been limited to consumable products rather than broad-based service cost increases.Service companies are projected to differentiate between private and publicly traded operators, with pricing negotiations set to influence H1 2026 results and expectations for 2027 as new bidding cycles emerge.Price: $189.71, Change: $+2.33, Percent Change: +1.24%
Middle East tensions pushed West Texas Intermediate crude above $80 per barrel last week as geopolitical risks supported oil prices, TPH Energy said in a Monday note.Investors are watching whether Iran will direct the Houthis to shut the Bab al Mandab Strait after Iranian officials warned they could respond if the US targets the country's energy infrastructure, the report said.TPH expects crude to average between $75/bbl and $80/bbl in 2027 but sees additional upside if the Strait of Hormuz or Bab al Mandab Strait closes, Strategic Petroleum Reserve releases end or China returns to the oil market.TPH initiated coverage of Transocean (RIG) and Noble (NE) with Buy ratings and upgraded EQT (EQT) to Buy last week as marketing activity remained strong across the continent.Investors continued favoring offshore drillers as US shale showed signs of maturing, increasing expectations of a shift toward international and offshore projects, TPH said.TPH said hedge funds largely maintained underweight positions in natural gas because upstream producers continue pursuing production growth despite weakening long-term returns.TPH expects challenging natural gas fundamentals to persist through 2027 as prices approach levels where producer returns become unattractive and cash flows for some companies fail to cover even maintenance spending.TPH recommends investors gradually rebuild positions in gas-focused equities despite near-term headwinds, citing meaningful upside in forward natural gas prices beyond 2028.Price: $5.20, Change: $+0.06, Percent Change: +1.23%
Shares of US oil and gas producers gained over the past week as renewed tensions between Israel and Iran pushed crude prices higher ahead of the Q2 earnings season, RBC Capital Markets analyst Scott Hanold said in a Thursday note.Oil prices climbed to around $80 per barrel for the US benchmark West Texas Intermediate after US President Donald Trump pledged further action against Iran following renewed military strikes.The renewed geopolitical tensions came as the US Strategic Petroleum Reserve fell for the consecutive week to 316.5 million barrels, while inventories at the Cushing, Oklahoma, delivery hub rose above the 20-million-barrel level considered the minimum for efficient operations.Despite the jump in oil prices, trading activity across energy markets remained subdued, Hanold said.Oil-focused exploration and production companies outperformed their natural gas peers over the past week. Shares of oil-weighted producers rose about 3%, while gas-focused companies slipped 1%.The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) gained 4% as crude prices rose about 10%, while US natural gas benchmark Henry Hub prices fell 4%.Investor attention is now shifting toward the upcoming US exploration and production earnings season, with analysts reporting increased discussions around company strategy and capital allocation after limited interest from generalist investors during much of the second quarter.Among the companies drawing the most attention are Expand Energy (EXE), where investors are awaiting the appointment of a new chief executive and Devon Energy (DVN) over potential asset sales.Other companies include EOG Resources' (EOG) exploration activities in the UAE, Matador Resources' (MTDR) efforts to unlock value from its midstream assets, California Resources' (CRC) strategic initiatives, and EQT's (EQT) growth plans.Analysts said investors are also focused on the potential for mergers and acquisitions, free cash flow allocation and the outlook for US natural gas markets, with EOG, Matador, SM Energy (SM) and EQT emerging as favored names heading into earnings.Price: $168.11, Change: $+1.67, Percent Change: +1.00%
EQT (EQT) has an average rating of overweight and mean price target of $68.15, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
EQT (EQT) has an average rating of overweight and mean price target of $68.15, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
EQT (EQT) has an average rating of overweight and mean price target of $68.15, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
EQT (EQT) has an average rating of overweight and mean price target of $68.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $49.47, Change: $+0.62, Percent Change: +1.27%
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