-- 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.