Morgan Stanley Remains Bullish on EQT Corporation (EQT) Following Strong Multi-Year Performance

EQT Corporation (NYSE:EQT) is 1 of the 12 champion commodity stocks to bargain close now.

On November 17, 2025, Morgan Stanley’s Devin McDermott reiterated a “Buy” standing connected EQT Corporation (NYSE:EQT) with a $69 terms target. Earlier, successful a November 9 note, the analyst’s bullish stance reflected the company’s multi-year maturation that has fixed it a strengthened competitory position.

McDermott cited the company’s past 5 years’ journey, marked by implicit 50% accumulation growth, 30% outgo reduction, and a doubling of escaped currency flow. With this, EQT Corporation (NYSE:EQT) has go a competitory subordinate successful the market, McDermott noted. The expert besides expressed optimism astir the company’s extremity of achieving a $1 cardinal higher run-rate FCF, with an further $550 cardinal successful fee-based currency travel and $400 cardinal successful little attraction spending.

Meanwhile, EQT Corporation (NYSE:EQT) had reported its Q3 2025 results connected October 21. Advancing its operational consistency, the institution delivered $484 cardinal successful quarterly escaped currency flow, which surpassed $2.3 cardinal implicit the past 4 quarters. This robust currency travel was driven by high-end production, beardown productivity, and record-low currency costs.

The 4th besides marked disciplined superior management, keeping spending $70 cardinal beneath the people midpoint and integrating Olympus Energy successful conscionable 34 days. The institution besides raised the basal dividend by 5% to $0.66 per share, portion expecting minimal currency taxes successful 2025, which could prevention astir $100 cardinal comparative to the anterior forecast. EQT Corporation (NYSE:EQT) expects to make $19 cardinal successful escaped currency travel implicit the adjacent 5 years. This maturation volition beryllium driven by inferior request done MVP boost commitments and a paced LNG strategy designed to debar the expected oversupply successful 2027-2029.

EQT Corporation (NYSE:EQT), a starring U.S. earthy state producer, operates upstream, gathering, and transmission assets crossed the Appalachian Basin.

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