EQT (EQT) News Today

EQT Corporation (NYSE: EQT) — Shares moved lower today despite a quarter that beat estimates. Investors are weighing a modest EPS beat and strong operational results against leverage levels and neutral analyst/board developments, producing a mixed market reaction.

• Positive Sentiment: Q3 earnings beat expectations — EQT reported $0.52 EPS, above consensus, driven by higher realized gas prices and volumes; the beat supports near-term earnings confidence. Zacks coverage
• Positive Sentiment: Operational and cash-flow outperformance — PRNewswire release shows sales volumes toward the high end of guidance, record-low per-unit operating costs, $1,018M operating cash flow and $484M free cash flow; management also increased the dividend 5%. These metrics support capital returns and deleveraging. PR Newswire release
• Positive Sentiment: Street price target lift — at least one outlet published a higher target ($67), reflecting optimism on cash flow and strategy. Price target update
• Neutral Sentiment: Company exploring secondary acquisitions — Bloomberg reports EQT is looking at buying stakes from Coller/HarbourVest as part of a secondaries push; could be strategic but adds execution/valuation uncertainty. Bloomberg / Investing.com
• Neutral Sentiment: Governance tweak — board removed age limit for directors, a procedural governance change with limited immediate market impact. TipRanks note
• Neutral Sentiment: Analyst stance mixed — Barclays reaffirmed a Hold rating, indicating cautious analyst sentiment despite operational progress. Globe & Mail / TipRanks
• Negative Sentiment: Leverage remains a watch item — EQT exited the quarter with ~$8.2B total debt (~$8.0B net debt). While cash flow is strong, the absolute debt level may constrain upside multiple and keeps investor focus on deleveraging timeline. PR Newswire details