Investment Thesis
EQT Corporation is the largest U.S. natural gas producer focused on the Marcellus/Utica. Low-cost acreage, hedging, and LNG export demand support free cash flow.
- Scale & Efficiency: Core acreage allows longer laterals and cost leadership.
- LNG Leverage: Gulf Coast export growth tightens gas fundamentals.
- Balance Sheet: Deleveraging and share repurchases enhance shareholder returns.