Equities
AES Prices $1 Billion in Notes
AES (AES) has priced $600 million of senior 5.20% due 2029, and $400 million of 5.75% senior notes due 2033, with an expected closing on June 16, the utility giant disclosed late Thursday.
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30 stories mentioning EQT
Every FINWIRES story that references EQT, newest first.
Commodities
US Gas Market Seen Tightening into 2027, Potential Oversupply in 2028, TPH Says
US natural gas markets are projected to remain a key focus for investors assessing tightening near-term fundamentals before a shift toward oversupply later in the decade, according to TPH Energy Research in a Tuesday note.Matt Portillo, analyst at TPH, said that end-of-summer 2027 gas balances will reach 4.1 trillion cubic feet, with investors increasingly focused on when to position for longer-dated holdings beyond 2028.TPH said the outlook reflects a market still supported by regional constraints and rising demand before new supply and infrastructure changes alter the trajectory.Regional pricing dynamics remain in focus, including Permian-driven growth, Waha basis spreads in 2027, and medium-term balance trends at Agua Dulce. Portillo also noted emerging structural concerns at Gillis beyond 2028 as demand-supply imbalances deepen.TPH said global gas markets could tip into oversupply by 2028, with implications for global pricing trends over the next decade. The bank sees European benchmark TTF prices potentially easing toward $6-7 per million British thermal units over time.Simultaneously, Gulf Coast supply constraints are expected to support Henry Hub prices, potentially narrowing the arbitrage between US and global gas markets by 2029.On the upstream side, investor interest centered on Antero Resources (AR), EQT Corporation (EQT), Expand Energy (EXE), Range Resources (RRC), BKV Corporation (BKV) and Comstock Resources (CRK).Midstream companies, including DT Midstream (DTM), TC Energy, Williams Companies (WMB, Energy Transfer (ET), Kinder Morgan (KMI), Cheniere Energy (LNG), and Venture Global (VG), were also widely discussed.TPH said this underscores expectations that LNG export growth and pipeline bottlenecks will remain central to market direction over the next several years.Price: $34.72, Change: $-0.80, Percent Change: -2.25%
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Equities
EQT to Bring Google Cloud's Agentic AI Platform to Portfolio Companies
EQT (EQT) has entered into a new partnership with Alphabet's (GOOG, GOOGL) Google Cloud to deploy artificial intelligence tools across its more than 300 portfolio companies worldwide, the companies said Thursday.The collaboration provides EQT's portfolio companies with access to Google Cloud's AI stack, including Gemini, cybersecurity tools and sovereign cloud services, along with support from Google engineers and partners to scale AI deployment, according to a statement.The partnership also aims to boost commercialization for EQT-backed software firms through Google Cloud Marketplace and co-sell programs, supporting broader enterprise adoption of agentic AI, the companies added.
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Commodities
Henry Hub Gas Prices May Rise Toward $4.5/MMBtu by 2029, TPH Energy Says
Stronger Permian gas supply growth could pressure US natural gas prices toward $3 per million British thermal units from its current $3.5/MMBtu outlook, TPH Energy said Thursday.European investors focused heavily on natural gas markets during TPH Energy meetings in London, with discussions centered on near-term supply growth and long-term demand expectations.Investors closely tracked Haynesville production trends, with TPH Energy expecting private operators to drive supply growth in the second half of 2026.Clients also focused on Permian Basin gas production ahead of the Hugh Brinson and Blackcomb pipeline startups planned for the Q4 of 2026, TPH Energy said.TPH Energy estimates that about 1 billion cubic feet per day of gas could remain behind pipe before new projects begin operations, although investor expectations ranged between 1.5 Bcf/d and 2 Bcf/d.The firm said stronger-than-expected Permian supply growth could push its 2027 end-of-season storage estimate above 4.1 trillion cubic feet and lower gas prices toward $3/MMBtu to $3.25/MMBtu.TPH Energy also highlighted growing interest in Northeast gas markets, where regional power demand and long-haul pipeline expansions could increase capacity demand to 10 Bcf/d by 2030.TPH currently models about 3 Bcf/d of Northeast power demand and expects stronger regional demand to improve pricing conditions for producers, including Antero Resources (AR), EQT (EQT), Expand Energy (EXE), and Range Resources (RRC).By 2030, Gulf Coast supply-demand balances could leave the market undersupplied even if Permian output fully utilizes pipeline capacity and Haynesville production continues growing at maximum rates, TPH Energy said.TPH Energy expects Henry Hub gas prices to rise toward $4.5/MMBtu by 2029 to narrow the gap with international prices, while Western Haynesville wells may require $4.25-$4.5/MMBtu returns to support development.Price: $37.77, Change: $-0.21, Percent Change: -0.55%
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Commodities
EU Taps EQT to Manage $5.8 Billion Deep-tech 'Scaleup' Fund
The European Innovation Council selected Sweden's EQT (EQT) as investment adviser and fund manager for a 5 billion euros ($5.8 billion) scale-up fund aimed at boosting late-stage financing for Europe's most promising deep-tech companies, the European Commission said on Tuesday.The Scaleup Europe Fund, part of the EU Startup and Scaleup Strategy, is designed to support high-growth European firms in strategic sectors, including clean energy.It seeks to address the region's long-standing gap in growth capital that has often driven promising scaleups to seek funding outside Europe."The decision paves the way for the operational launch of the fund," the Commission said, adding that final contractual agreements and approvals are now underway following a public call for expressions of interest conducted between December 2025 and February 2026.The first closing is expected in the coming weeks, with initial investments targeted for autumn 2026.Further fundraising is planned in H1 2026 to bring in additional investors while maintaining a strong European anchor.The fund will operate under a privately managed structure within the EIC Fund framework, with independent, market-based investment decisions, the Commission said.The initiative is part of broader EU efforts to strengthen competitiveness in strategic technologies and reduce reliance on external capital markets for scaling European innovation.Price: $59.33, Change: $+1.88, Percent Change: +3.27%
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Commodities
US Natural Gas Update: Futures Rise Amid Bullish Weather Forecasts, Sluggish Output
US natural gas futures were up on Tuesday, as weather forecasts point toward above-normal temperatures across most of the country, leading to higher power burn for cooling needs, which comes alongside slipping output.The front-month Henry Hub contract and the continuous contract each rose 1.62% to settle at $3.073 per million British thermal units.This comes as almost the whole country is expected to see above-normal temperatures from May 26 to June 1, according to the National Weather Service, leading to increased use of air conditioners, higher power consumption, and thus, greater demand for gas from the power sector.These conditions are already lending support to the market, with Gary Cunningham of Tradition Energy noting that prices in the PJM region had spiked twice on Monday alone, while others such as New England markets behaved erratically.Power generation demand was 40 billion cubic feet on Monday, Pinebrook Energy Advisors noted, which was the "highest level so far in the early stages of the cooling season."Meanwhile, output has continued to slip, with some companies such as EQT (EQT) cutting production in response to low spot prices, according to TradingEconomics.US LNG Feedgas flows are expected to hit a new low on Tuesday, at 15.59 Bcf, compared to 17.22 Bcf on Monday, and the 30-day moving average of 18.41 Bcf, according to the Bloomberg LNG Feedgas Model. This has been attributed to seasonal maintenance across key LNG facilities.Price: $58.29, Change: $+0.83, Percent Change: +1.45%
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Equities
BMO Capital Adjusts Price Target on EQT to $70 From $76, Maintains Outperform Rating
EQT (EQT) has an average rating of overweight and mean price target of $70.99, 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://www..com/contact-us)
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Commodities
US Natural Gas Update: Prices Jump as Cooling Demand Begins to Dominate
US natural gas futures climbed in midday trading on Monday, driven by expectations of stronger cooling demand as warmer weather is forecast across parts of the country.The front-month Henry Hub natural gas and the continuous futures contract both climbed 5.55% to $2.91 per million British thermal units.NatGasWeather.com projected temperatures in the 90s Fahrenheit and even triple-digit readings across parts of the Southern US.Trading Economics said temperatures elsewhere are still expected to track normal seasonal patterns through May 23, with cooling demand gradually overtaking late-season heating demand.EBW Analytics added that forecasts have increased the outlook by 12 cooling degree days for May, supporting near-term sentiment, though it cautioned it is still too early for a sustained pre-summer rally.On the supply side, Trading Economics said a recent decline in US output supported prices, noting that production in the Lower 48 has been trending lower as producers such as EQT (EQT) curtailed output amid weak spot prices. However, output may be recovering as NRG Energy said production rose over the weekend to 107.5 billion cubic feet per day, up from about 106 Bcf/d in recent weeks.EBW Analytics also said output has rebounded in the Marcellus and Permian, reinforcing expectations for stronger storage builds into early summer, while warning that heavy speculative short positioning leaves the market vulnerable to weather-driven upside.Demand eased over the weekend, with NRG Energy reporting residential and commercial heating demand fell from 18 Bcf/d to 13 Bcf/d, while other segments held steady.EBW Analytics expects heating demand to drop sharply over the next two weeks, increasing the risk of triple-digit weekly storage injections into late May and June.Trading Economics said the storage surplus has likely narrowed to about 6% above seasonal norms for the week ended May 7, down from 7% the prior week, reflecting lower production and near-normal weather.EBW Analytics warned that weaker late-May demand could drive unusually large injections, potentially pushing inventories more than 200 Bcf above five-year averages.EBW Analytics said LNG feedgas has fallen about 2.5 Bcf/d from April highs due to maintenance at key facilities, including Cameron LNG, Corpus Christi, and softer flows at Sabine Pass.Price: $56.68, Change: $+0.72, Percent Change: +1.29%
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Commodities
US Natural Gas Update: Futures Soar Over 4% Amid Falling Output, Weak Storage Build
US natural gas futures were up on Monday as domestic output continued to decline, with major gas producers scaling back production amid weak spot prices.The front-month Henry Hub contract and the continuous futures contract both rose 4.1% to $2.87 per million British thermal units.This comes amid major players such as EQT (EQT) cutting back production amid lower spot prices over the past few weeks, according to TradingEconomics.At the same time, the US Energy Information Administration's Weekly Gas Storage Report showed a net injection of 63 billion cubic feet into storage for the week ended May 1, which fell short of forecasts of 72 Bcf, according to data compiled by Investing.com, creating additional support for prices.Gas deliveries to LNG feedgas facilities are expected at 17.63 Bcf for Monday, according to Bloomberg's LNG Feedgas Model, compared to the 30-day moving average of 18.95 Bcf. This has been attributed to seasonal maintenance across several Gulf Coast terminals.Weather conditions are expected to be warmer-than-normal across the Western US, and colder-than-normal across the East Coast throughout this week, with no major impact on natural gas demand dynamics during this period, according to NRG Energy.However, the whole of the US is expected to see above-normal temperatures from May 18 to May 24, which could add to the cooling demand across certain regions, according to the National Weather Service.Price: $56.22, Change: $+0.26, Percent Change: +0.46%
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Wire
Citigroup Lifts Price Target on EQT to $70 From $66, Maintains Buy Rating
EQT (EQT) has an average rating of overweight and mean price target of $71.02, 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://www..com/contact-us)Price: $59.45, Change: $+0.79, Percent Change: +1.35%
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Commodities
US Natural Gas Update: Futures Rise Amid Below Forecast Storage Injection, Drop in Output
US natural gas futures were up on Friday, after gas injection into storage fell short of forecasts, alongside a drop in output over the past week.The front-month Henry Hub natural gas contract and the continuous contract both rose 0.47% to settle at $2.78 per million British thermal units, and are set to end the week up by 3.11%, according to data from TradingEconomics.The US Energy Information Administration reported a net injection of 79 billion cubic feet into storage for the week ended April 24, bringing total gas inventories to 2,144 Bcf. While this marks a decline from 103 Bcf in injections last week, it was still higher than the five-year average of 63 Bcf.It still came in below expectations at 83 Bcf, missing forecasts and trailing last year's 88 Bcf, according to Investing.com data, which points to a bullish tilt in the report overall.Meanwhile, US natural gas production has weakened over the past week, dropping by 2 Bcf per day, with major producers such as EQT (EQT) cutting output due to low prevailing prices, according to TradingEconomics.Weather forecasts too have turned bullish, with the eastern two-thirds of the country expected to see below-normal temperatures during the first few weeks of May, according to the National Weather Service.However, this is not expected to result in incremental demand for heating gas, as normal temperatures are set to climb over the course of this month.Finally, natural gas deliveries to LNG export facilities edged higher on Friday, at 19.1 Bcf, compared to 18.81 Bcf on Thursday, according to estimates from the Bloomberg LNG Feedgas Model. However, the estimates are still below the 30-day moving average of 19.67 Bcf.Price: $58.39, Change: $-1.69, Percent Change: -2.81%
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Equities
Capital One Adjusts Price Target on EQT to $68 From $64, Maintains Overweight Rating
EQT (EQT) has an average rating of overweight and mean price target of $70.91, 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://www..com/contact-us)
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Commodities
US Gas Producer EQT Structurally Well-Placed to Benefit From Energy Market Crisis, RBC Says
Appalachian-focused US oil and gas producer EQT (EQT) is strategically growing its midstream capacity for 2027 and beyond and looks well-placed to benefit from market shifts amid conflict in the Middle East that has upended energy markets, RBC Capital Markets said in a research note on Sunday.RBC analysts said that although current projects total 2-3 billion cubic feet equivalent per day, management expects discussions with counterparties to lead to a production hike to between 8 and 10 billion cubic feet per day.Critically, RBC notes that EQT was an early mover versus peers to secure LNG offtake that can now deliver major value in the context of the Iran conflict.The company outperformed in Q1 leveraging the advantages of its integrated business model.Production in the first quarter was above guidance, coinciding with a peak in winter pricing, with operating expenses and capital outgoings below guidance.EQT has shown that it has an ability to identify problems across the midstream quickly, enabling its commercial team to arbitrage pricing.The company's LNG offtake strategy unsettled some investors when it was announced last year, amid fears of a gas flut, but that has become irrelevant due to conflict in the Middle East. Its offtake contracts start in 2030 and destination contracts likely come close to that timeframe, RBC said.RBC has a 'sector perform' rating on EQT and a price target of $69 versus a recent share price around $58.91.
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Wire
EQT's Q1 Free Cash Flow Shows Impact of Vertically Integrated Model, Commercial Capabilities, RBC Says
EQT's (EQT) Q1 free cash flow of $1.8 billion showcases the impact of its vertically integrated model and commercial capabilities, RBC Capital Markets said in a research note.Q1 FCF allowed EQT to make progress on its debt reduction, retiring more than $1.7 billion of senior notes in the quarter, RBC said on Sunday. The company's total debt and net debt is now at $6 billion and $5.7 billion, respectively, with the $5 billion long term debt target reachable by 2026 in a $2.75/Mcf price environment, according to RBC."We think it is possible for EQT to double production over the next decade, and management is progressively working on driving in-basin demand opportunities," RBC said.RBC maintained its sector perform rating on EQT with a $69 price target.Price: $59.07, Change: $+0.16, Percent Change: +0.27%
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Commodities
US Natural Gas Update: Futures Rise Amid Dropping Output, Bullish Weather Forecasts
US natural gas futures witnessed a sharp rally on Monday, as falling output and bullish near-term weather forecasts provided support.The front-month Henry Hub contract, along with the continuous contract, were up 2.97% to $2.59 per million British thermal units.US domestic natural gas output is down by 4.1 billion cubic feet per day over the past 18 days, hitting an 11-week low of 108.1 bcfd, according to TradingEconomics, which attributed this to major producers such as EQT Corp. (EQT) scaling back output in response to lower prices.At the same time, imports from Canada dropped from 5.5 bcf per day, to 4.7 bcf per day, even as demand remained relatively flat at 102 bcf per day, according to NRG Energy.Meanwhile, LNG feedgas flows have continued to hover near record-highs at 18.9 bcf, with more LNG capacity set to come online over the next few months.Weather forecasts have turned bullish in recent days, with more than half of the country, across the central and eastern regions, expected to see below normal temperatures from May 4 to May 10, according to the National Weather Service.Price: $60.68, Change: $+1.77, Percent Change: +3.00%
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Equities
Jefferies Adjusts Price Target on EQT to $77 From $76, Maintains Buy Rating
EQT (EQT) has an average rating of overweight and mean price target of $70.76, 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://www..com/contact-us)
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Wire
UBS Adjusts Price Target on EQT to $74 From $75, Maintains Buy Rating
EQT (EQT) has an average rating of overweight and mean price target of $70.72, 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://www..com/contact-us)Price: $58.45, Change: $-0.48, Percent Change: -0.81%
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Research
Research Alert: CFRA Keeps Hold Opinion On Shares Of Eqt Corp.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price remains $62, a combination of relative valuation and DCF models. On a relative basis, we apply a 6.2x multiple of enterprise value to projected 2027 EBITDA, above EQT's historical forward average. We think a small premium is defendable, given an improving operating cost profile. Our DCF model, using medium-term free cash flow growth of 4%, terminal growth of 2%, and WACC of 6.7%, yields a value of $70 per share. We lift our 2026 EPS estimate by $0.04 to $4.85 and 2027's by $0.01 to $4.68. Natural gas pricing has dissipated to a degree recently, leading EQT to pull back some production in Q2, but we still see modest volume growth in 2026. Longer-term growth drivers tied to data centers and liquefied natural gas export demand look intact, in our view. We think the most positive development is the improvement in free cash flow. Net debt levels are creeping closer to management's targeted levels.
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Equities
Wells Fargo Adjusts Price Target on EQT to $79 From $70, Maintains Overweight Rating
EQT (EQT) has an average rating of overweight and mean price target of $70.76, 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://www..com/contact-us)
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Research
Research Alert: Eqt: A Strong Q1 Led By Better Pricing
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EQT kicked off 2026 with a solid earnings beat, reporting adjusted EPS of $2.33 vs. $1.18, beating consensus by $0.24. The pricing environment provided significant tailwinds, with average realized prices of $5.08/Mcfe up 35% and volumes of 618 Bcfe up 8%. Growth drivers are tied to data center demand and LNG exports, with the company targeting Northern Virginia and Southeast markets for incremental data center and industrial demand. EQT guided to unchanged CY26 volume guidance of 2,275-2,375 Bcfe, though plans Q2 production cuts of 10-15 Bcfe due to recent pricing weakness with front-month Henry Hub around $2.75/Mcfe. The company plans CY 26 capex of $2.65B-$2.85B, implying 18% growth at the midpoint. Record quarterly FCF of $1.83B (up 77%) enabled further balance sheet strengthening, with net debt declining to $5.7B as EQT approaches its $5B long-term debt target. Total per-unit operating costs of $1.09/Mcfe came in below management guidance.
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