Diamond Hill Capital, an investment management company, released its “Large Cap Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their upward momentum in Q4, with the Russell 1000 Value Index increasing 3.8%. The information technology (+11%) and communication services (+9%) sectors are leading the rally, driven by AI optimism. The growth areas of the market accounted for the majority of the Index’s return in Q4. The firm maintains a cautious s ...

EQT Corporation (NYSE:EQT) is one of the most undervalued stocks to buy and hold for 5 years. On January 29, EQT Corporation (NYSE:EQT) announced that it anticipates gaining $114 million in total from derivatives for the fourth quarter of 2025, as well as $35 million in net cash settlements to be received on derivatives. Natural Gas Player EQT (EQT) Projects Gaining $114M from Derivatives for Q4 2025 In addition, EQT Corporation (NYSE:EQT) said it expects to receive $44 million in net cash settlements fro ...

Valued at a market cap of $34.9 billion, EQT Corporation (EQT) is a leading U.S. natural gas production company. Headquartered in Pittsburgh, Pennsylvania, it is the largest producer of natural gas in the United States, primarily operating in the Appalachian Basin, with a strong focus on the Marcellus and Utica Shales in Pennsylvania, Ohio, and West Virginia. The energy giant has underperformed the broader market over the past year. EQT stock prices have soared 11.3% over the past 52 weeks, lagging behin ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The global natural gas industry has undergone a complete cycle from demand collapse and low prices to supply shocks and price surges, leading to a structural reshaping of global trade patterns [2][13] - By 2025, the global natural gas market is expected to be in a state of "tight balance" with demand growth slowing to 0.9% and supply remaining tight due to reliance on North American LNG projects [2][4] - The LNG market is entering a "super expansion cycle" from 2026 to 2030, with an expected cumulative addition of approximately 202 million tons of LNG capacity, primarily concentrated in North America and the Middle East [3][47] Summary by Sections 1. Review of 2020-2024: From Supply Shock to Structural Reshaping of Trade Patterns - The global natural gas industry experienced extreme price fluctuations, with TTF spot prices rising from an average of about 4-5 USD/MMBtu in 2020 to 80-90 USD/MMBtu in August 2022, before falling back to around 10 USD/MMBtu by 2025 [13] - The EU's LNG import share increased from 9% in 2021 to about 19% in 2023, while the US became the largest LNG exporter with 88.4 million tons in 2024 [22] 2. Current Situation in 2025: Tight Balance and Regional Demand Differentiation - The global natural gas market is characterized by a "tight balance" with demand growth slowing to approximately 0.9%, driven by high prices and macroeconomic uncertainties [2][4] - North American LNG supply is expected to increase significantly, with major contributions from projects like Plaquemines and Corpus Christi [32][35] 3. Outlook for 2026-2030: Supply Side - LNG "Super Expansion Cycle" - 2026 is projected to be a critical turning point for the global LNG "super expansion cycle," with an expected cumulative addition of about 202 million tons of LNG capacity, representing a 40% increase from 2025 [3][47] - The supply landscape is shifting from a "multi-polar" to a "US-Qatar dual-core" model, enhancing the pricing power of LNG in global markets [3][47] 4. Outlook for 2026-2030: Demand Side - Moderate Growth and Regional Differentiation - Global natural gas demand is expected to grow at a compound annual growth rate of approximately 1.56% from 2025 to 2030, with significant growth in the Asia-Pacific region, particularly driven by China [4][41] - European demand is anticipated to decline due to renewable energy substitution and decarbonization policies, while North American demand growth is projected to be below 1% [4][41] 5. US Gas Prices: Price Upcycle Driven by LNG Exports and Power Demand - The US natural gas market is transitioning from a tight balance to a shortage, with Henry Hub prices expected to rise significantly by 2027, supported by LNG exports and power demand from data centers [5][6] - The cost of new natural gas wells in the US is projected to stabilize between 3-3.5 USD/MMBtu, providing a long-term price floor for Henry Hub [5][6]

Core Insights - EQT Corporation is recognized as one of the most profitable stocks over the last 20 years [1] - Analysts have recently adjusted price targets for EQT, with Stephens lowering it to $68 and Scotiabank to $63, while maintaining positive ratings [2][3] Financial Performance - Stephens analyst Mike Scialla noted that EQT's Q4 cash flow per share and production estimates are 5% and 1% below consensus, respectively [2] - Scotiabank's projections indicate supply shortages in the U.S. and Western Canada, supporting predictions for higher natural gas prices [3] Company Overview - EQT Corporation is a leading U.S. energy company focused on the production, gathering, and transmission of natural gas, primarily in the Appalachian Basin [4]

EQT Corporation (NYSE:EQT) is one of the best inexpensive stocks to buy now. On January 21, Scotiabank analyst Cameron Bean lowered the firm’s price target on EQT Corporation to $63 from $67 with a Sector Perform rating.  Scotiabank revised its price targets for North American natural gas stocks, driven by a bullish outlook on the sector. The firm anticipated persistent supply deficits in both the US and Western Canada, a fundamental imbalance that it believes will push both commodity prices and energy equ ...

Key Takeaways Energy ETFs benefit as Arctic weather drove heating demand while gas output fell.LNGX stands to gain as U.S. natural gas futures surged above $6/MMBtu for the first time since 2022.VDE offers diversified exposure after prices jumped 119% in five days, the biggest increase since 1990.In a dramatic reversal of market expectations, U.S. natural gas futures recently soared above $6 per million British thermal units (MMBtu) for the first time since 2022, after a powerful Arctic blast hit major part ...

Key Points AI data centers need a lot of power, which should fuel surging demand for natural gas. EQT's large-scale, integrated operations enable it to produce low-cost gas. The company is emerging as a leading supplier of integrated gas solutions for power producers. 10 stocks we like better than EQT › Many AI stocks have soared over the past year amid a surge in demand for AI-related hardware, such as chips. As a result, many top tech companies trade at expensive valuations. That's skewing the r ...

EQT Corporation (NYSE:EQT) is included in our list of the best AI energy stocks to buy now. Analysts Remain Mixed on EQT (EQT) Ahead of Fourth-Quarter Results In January 2026, EQT Corporation (NYSE:EQT) is seeing mixed analyst sentiment ahead of its Q4 results, scheduled for announcement on February 17, 2026. On January 21, 2026, Barclays reduced its price target on EQT Corporation (NYSE:EQT) from $67 to $64, while reiterating an ‘Overweight’ rating. The update came as part of the firm’s preview of the ...

EQT Corporation (NYSE:EQT) is included in our list of the best AI energy stocks to buy now. Analysts Remain Mixed on EQT (EQT) Ahead of Fourth-Quarter Results In January 2026, EQT Corporation (NYSE:EQT) is seeing mixed analyst sentiment ahead of its Q4 results, scheduled for announcement on February 17, 2026. On January 21, 2026, Barclays reduced its price target on EQT Corporation (NYSE:EQT) from $67 to $64, while reiterating an ‘Overweight’ rating. The update came as part of the firm’s preview of the ...