EQT: Raising Target On Strong Free Cash Flow Upside
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EQT Corp. has shown strong operational performance, surpassing Q4 2024 guidance with higher production and lower CAPEX, leading to increased capital efficiency and free cash flow. The acquisition of Equitrans has resulted in cost synergies, enhancing EQT's profitability. With favorable natural gas pricing and strategic hedging, EQT is well-positioned to generate significant free cash flow, justifying a raised target price of $70 per share.
February 21, 2025 | 10:00 am
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EQT Corp. has exceeded Q4 2024 guidance with higher production and lower CAPEX, leading to increased capital efficiency and free cash flow. The acquisition of Equitrans has resulted in cost synergies, enhancing EQT's profitability. With favorable natural gas pricing and strategic hedging, EQT is well-positioned to generate significant free cash flow, justifying a raised target price of $70 per share.
EQT's strong operational performance, cost synergies from the Equitrans acquisition, and favorable market conditions have led to increased free cash flow and a raised target price. These factors are likely to positively impact EQT's stock price in the short term.
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