Piper Sandler Highlights EQT’s (EQT) Infrastructure Plans and Near-Term Natural Gas Challenges

EQT Corporation (NYSE:EQT) ranks among the best performing energy stocks to buy now. While reiterating a Neutral rating on EQT Corporation (NYSE:EQT), Piper Sandler raised its price target to $49 from $48 on July 27. Citing EQT’s advantageous position to capitalize on Appalachia’s long-term gas demand, the firm stated that by fiscal year 2029, it expects to realize $250 million in free cash flow uplift from newly announced gas supply contracts and other infrastructure investments.

Piper Sandler Highlights EQT’s (EQT) Infrastructure Plans and Near-Term Natural Gas Challenges

According to Piper Sandler, this benefit comes with significant upfront expenditures, as EQT Corporation (NYSE:EQT) intends to invest $1 billion in infrastructure, mostly in fiscal years 2027 and 2028, in order to attain its projected free cash flow gains.

The firm voiced concerns on the near-term fundamentals of natural gas, pointing out that the company may face challenges due to a robust domestic supply and a strong seasonal storage build.

EQT Corporation (NYSE:EQT) is a prominent U.S. natural gas producer that concentrates its midstream and production operations in the Appalachian Basin.

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