EQT: The Smart Money Is Bullish, Buy The Dip
Summary
EQT's recent sell-off is overdone; the current weakness in natural gas prices is temporary and creates a compelling buyi...
EQT's recent sell-off is overdone; the current weakness in natural gas prices is temporary and creates a compelling buying opportunity. Futures markets and hedging activity from EQT and peers suggest smart money expects higher gas prices into 2026 and beyond. EQT's low-cost structure and limited 2026 hedging reflect management's confidence in future gas price recovery and free cash flow generation.