13 Best Energy Stocks to Buy Right Now

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5. EQT Corporation (NYSE:EQT)

No. of Hedge Fund Holders: 88

Next on our list of the Best Energy Stocks to Buy Now is EQT Corporation (NYSE:EQT), a leading natural gas producer in the US with production and midstream operations focused in the Appalachian Basin.

EQT Corporation (NYSE:EQT) reported an adjusted EPS of $1.18 in Q1 2025, topping expectations by $0.17. However, the company’s revenue of $1.74 billion fell short of estimates by over $350 million, despite growing by 23.2% YoY. The natural gas producer’s sales volume of 571 Bcfe during the quarter was at the high end of its guidance, driven by strong well performance and minimal winter weather impact from integrated midstream coordination. Moreover, the company has raised its 2025 production guidance by 25 Bcfe while also lowering capital spending by $25 million. The company also generated over $1 billion during the quarter, nearly twice the consensus free cash flow estimates of the next closest natural gas producer.

In a significant move to further expand its portfolio, EQT Corporation (NYSE:EQT) recently announced that it has entered into an agreement to acquire upstream and midstream assets from Olympus Energy for $1.8 billion. The transaction is expected to close in the third quarter of 2025 and will significantly enhance EQT’s regional dominance and vertical integration.

EQT Corporation (NYSE:EQT) was held by 88 hedge funds in the IM database at the end of Q4 2024, up significantly from 48 in the previous quarter.

ClearBridge Investments stated the following regarding EQT Corporation (NYSE:EQT) in its Q1 2025 investor letter:

“Our top contributor during the period was EQT Corporation (NYSE:EQT), North America’s largest natural gas producer. The company continued its upward trajectory from the fourth quarter as the U.S. endured its coldest winter since 1988, spurring an increase in demand. Additionally, the company continues to capitalize on strong operational performance, making additional progress on its goal of deleveraging and extending its lead as the lowest-cost producer in the basin.”

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