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Investing.com - UBS maintained its Buy rating and $64.00 price target on EQT Corp. (NYSE:EQT), currently trading near its 52-week high of $61.02, following the company’s recent 8-K update. The natural gas producer, with a market capitalization of $36 billion, has delivered an impressive 51% return over the past year.
The natural gas producer disclosed a derivatives net gain of $720 million on a non-cash basis, alongside a $101 million net cash settlement paid, according to UBS analyst Josh Silverstein.
EQT (ST:EQTAB) paid $102 million on its NYMEX natural gas hedge position, which was partially offset by a $1 million cash gain on basis and liquids hedge positions.
UBS slightly increased its Q2 2025 EBITDA estimate for EQT to approximately $1.14 billion, compared to the Street’s consensus of $1.12 billion, after incorporating the disclosure into its model.
The firm maintained its Q2 2025 cash flow per share estimate at $1.53, which aligns closely with the Street’s expectation of $1.54 per share.
In other recent news, EQT Corporation announced it expects a $720 million gain on derivatives for the second quarter of 2025, with net cash settlements paid on derivatives totaling $101 million. These figures are preliminary and will be finalized in the upcoming quarterly report. Additionally, EQT completed the acquisition of Olympus Energy, issuing 25,229,166 shares of common stock and approximately $440 million in cash as part of the transaction. Jefferies raised its price target for EQT to $70 from $60, maintaining a Buy rating following the Olympus acquisition and first-quarter results. Mizuho (NYSE:MFG) reinstated coverage of EQT with an Outperform rating, citing potential growth in U.S. LNG exports and expected increased power demand. Barclays (LON:BARC) also initiated coverage with an Overweight rating, highlighting EQT’s strong natural gas exposure and potential for durable cash flow. Furthermore, EQT extended the maturity date of its revolving credit facility by one year, effective July 23, 2025. These developments underscore EQT’s strategic moves and analyst interest in its future prospects.
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