Citi Assigns a Buy Rating on EQT Corporation (EQT), Following Q1 2026 Earnings

​EQT Corporation (NYSE:EQT) is one of the Best Undervalued Stocks to Buy Under $100. Recently, on May 5, Scott Gruber from Citi assigned a Buy rating on the stock and raised the price target from $66 to $70. Earlier, on April 26, Lloyd Byrne from Jefferies reiterated a Buy rating on EQT Corporation (NYSE:EQT) and also raised the price target from $76 to $77.

​The ratings follow EQT’s FQ1 2026 earnings release on April 21. The company posted $3.38 billion in revenue, reflecting 94.20% year-over-year increase and ahead of expectations by $206.14 million. The GAAP EPS of $2.36 also topped the consensus by $0.29.

​Jefferies noted that during the earnings call, management highlighted strong demand for gas driven by increased power generation. As a result, the firm finds the company to be placed attractively as a key supplier in times of incremental growth.

During the quarter, EQT delivered sales volumes ahead of management’s internal guidance. As a result, the free cash flow reached $1.8 billion, a record high, matching the total of full-year 2022 in just one quarter.

EQT Corporation (NYSE:EQT) is a premier and vertically integrated natural gas company. It has upstream and midstream operations focused on the Appalachian Basin.

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