
3 Natural Gas Stocks to Gain on Mounting Clean Energy Demand
Rising clean energy demand and higher U.S. LNG exports are lifting natural gas prices, setting up EQT for stronger cash flows ahead.
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Rising clean energy demand and higher U.S. LNG exports are lifting natural gas prices, setting up EQT for stronger cash flows ahead.

Natural gas hovers below $3 as supply rises and storage tightens; CRK, EQT and AR offer tactical exposure in a volatile spring market.

AES will be delisted and taken private by a consortium led by Global Infrastructure Partners and EQT Corporation for $15.00/share.

As the first tranche of a broader $550 billion planned investment in the U.S., Japan has pledged $36 billion to three U.S. projects. The bulk of that $36 billion could go toward a proposed natural gas power plant in Ohio.

U.S. electricity demand is projected to increase by 35% to 50% by 2040, driven by several factors. Uranium producer Cameco is well-positioned to meet the growing demand for nuclear energy.

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Private equity group EQT said on Wednesday it had decided not to proceed with a takeover offer for Oxford Biomedica , sending the British cell and gene therapy manufacturer's shares down nearly 10%.

AI infrastructure stocks are gaining as energy, chips, and minerals power the data center boom. Here's how to position now.

EQT: That 2X Is A Big Deal

Free Cash Flow (2025): $2.5 billion, significantly outperforming expectations.Free Cash Flow (Q4 2025): Nearly $750 million, approximately $200 million above c

EQT Corporation (EQT) Q4 2025 Earnings Call Transcript

EQT beats Q4 earnings and revenue estimates as higher realized natural gas prices and stronger sales volumes drive growth.

EQT Corporation is reiterated as a buy, supported by robust natural gas fundamentals and operational efficiencies. Q4 2025 revenue rose 47% YoY to $2.39B, with natural gas strength offsetting oil segment weakness; core operating margin doubled YoY. Data center expansion and projected natural gas price rebound are key growth catalysts, while liquidity and leverage remain strong (Net Debt/EBITDA 1.3x).

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Although the revenue and EPS for EQT (EQT) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

EQT Corporation (EQT) came out with quarterly earnings of $0.9 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.69 per share a year ago.

PITTSBURGH, Feb. 17, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the fourth quarter and full year 2025 as well as financial and operational guidance for 2026. Fourth Quarter Results: Production: Sales volume of 609 Bcfe, above the high-end of guidance due to strong well performance, system pressure optimization and lower-than-expected price related curtailments Capital Expenditures: $655 million, 4% below the mid-point of guidance, benefiting from operational efficiency gains and lower-than-expected infrastructure spending Realized Pricing: Differential $0.11 tighter than the mid-point of guidance due to benefits from natural gas marketing optimization and curtailment strategy Operating Costs: Total per unit operating costs toward the low end of guidance due to lower-than-expected SG&A, transmission, processing and midstream O&M expenses Cash Flow: Net cash provided by operating activities of $1,125 million; generated $744 million of free cash flow attributable to EQT(1) Balance Sheet: Exited the quarter with $7.8 billion total debt and just under $7.7 billion net debt(1) inclusive of $425 million of working capital usage during the quarter; net debt(1) at the end of the first quarter of 2026 projected to be sub-$6 billion Proved Reserves: Increased 7% year-over-year to 28.0 Tcfe, including Olympus assets; total standardized measure of discounted future net cash flows of $21 billion and PV-10(1) value of $26 billion at SEC price deck of $3.39 per MMBtu, up ~$16 billion year-over-year; PV-10(1) value rises to $31 billion at recent strip pricing and excludes firm sales agreements while factoring in just ~10% of remaining upstream inventory Fourth Quarter and Recent Highlights: Record Operational Efficiencies: Broke multiple EQT records again in the fourth quarter of 2025, including fastest quarterly completions pace and most lateral footage drilled in 24 and 48 hours; 2025 average well cost per foot was 13% lower year-over-year and 6% below internal expectations Winter Storm Performance: Production uptime during Winter Storm Fern was ~2x better than Appalachia peers, providing critical energy to consumers while maximizing exposure to strong in-basin pricing Tactical Hedging: Increased 2026 hedge percentage from 7% to 25%, adding collars with weighted average floor and ceiling prices of $3.94 per MMBtu and $5.70 per MMBtu, respectively Increased MVP Ownership: Exercised option to acquire a portion of ConEdison's interest in MVP Mainline and MVP Boost for a total purchase price of ~$115 million payable by EQT, increasing EQT's ownership in MVP Mainline and MVP Boost from ~49% to ~53%; purchase price, inclusive of MVP Boost capex, implies 9x adjusted EBITDA(2) and a 12% internal rate of return attributable to EQT 2026 Outlook: Production: 2026 production forecast of 2,275 – 2,375 Bcfe Maintenance Capital Expenditures: 2026 maintenance capital spending guidance of $2,070 – $2,210 million Growth Capital Expenditures: EQT has elected to invest its first $580 – $640 million of post-dividend free cash flow(1) in 2026 into high-return, infrastructure-focused growth projects Free Cash Flow: Projecting ~$3.5 billion of free cash flow attributable to EQT(1) in 2026 at recent strip pricing, which includes the impact of ~$600 million in elected growth capital expenditures Balance Sheet: Expect to exit 2026 with ~$4.7 billion of net debt(1) at recent strip pricing President and CEO Toby Z.

Energy stocks have surged in 2026, driven by a confluence of favorable factors.

Besides Wall Street's top-and-bottom-line estimates for EQT (EQT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2025.