12 Most Undervalued Natural Gas Stocks to Buy Now

9. EQT Corporation (NYSE:EQT)

Forward P/E Ratio as of April 15: 12.99

EQT Corporation (NYSE:EQT) is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin.

On April 14, EQT Corporation (NYSE:EQT) declared a quarterly dividend of $0.165 per share. The dividend is payable on June 1 to all shareholders of record on May 6.

On April 14, EQT Corporation (NYSE:EQT)’s unlevered free cash flow breakeven of approximately $2/MMBtu is among the lowest in North America, enabling it to withstand the volatility in natural gas prices. Moreover, the company’s unique position at the heart of the Appalachian Basin and “Data Center Alley” gives it exposure to meet an estimated new gas demand of 10 Bcf/d from the AI-driven infrastructure build-outs through 2030.

As a result, EQT Corporation (NYSE:EQT) is projecting a cumulative free cash flow of over $16 billion over the next five years. Meanwhile, the company is targeting an adjusted EBITDA attributable to EQT of approximately $6.5 billion for FY 2026, while its free cash flow attributable to EQT is expected to be $3.5 billion.

EQT Corporation (NYSE:EQT) was also recently included in our list of the 15 Cash-Rich Dividend Stocks to Invest in Right Now.