EQT rated 'Buy' with 25% upside on strong cash flow, debt reduction, and diversified contracts.

EQT Corporation is rated 'Buy' with a target price of $66 per share, implying a 25% upside from its current price of $52.94. The positive outlook is based on EQT's strong operational performance, including generating $2.16 billion in free cash flow in the first half of 2026 and reducing net debt by $2.15 billion. The company also raised its production guidance while lowering capital expenditure forecasts, showing efficient management. Strategic contracts in power generation and LNG help diversify demand, reducing reliance on volatile natural gas prices. The valuation assumes no natural gas price boom, relying instead on disciplined capital allocation, deleveraging, and robust cash generation to support growth despite commodity risks.

As of Oct 10, 2026 13:21 WIB, EQT trades at USD 52.84 on Pluang, slightly below its 52-week high of USD 67.93 and just above the 52-week low of USD 48.56. The stock's 1-day change is a modest decline of 0.20%, with a dividend yield of 1.25%. This positions EQT in a mid-range spot within its yearly price band, highlighting a balance between recent operational strength and market valuation.