Mizuho Upgrades EQT Corp. (EQT) Outlook Citing Long-Term Value Despite Market Headwinds

Group 1: Investment Outlook - EQT Corporation is currently viewed as one of the most profitable value stocks to invest in, with Mizuho raising its price target to $68 from $60 while maintaining an Outperform rating [1] - JPMorgan also raised its price target for EQT Corporation to $64 from $62, keeping an Overweight rating, indicating a positive outlook despite market challenges [2] - Mizuho's adjustments reflect a refreshed 2026 outlook for the E&P sector, suggesting that long-term fundamentals will drive a market re-rating by 2026 [1][2] Group 2: Strategic Positioning - EQT is positioning itself for the long-term global energy transition through strategic LNG offtake agreements, securing contracts for 4.5 million tonnes per annum with partners like Sempra and NextDecade [3] - These contracts are set to commence in the 2030–2031 window, aiming to navigate a potential LNG oversupply cycle expected between 2027 and 2029 [3] - The company's strategy includes a diverse direct-to-customer sales approach, ensuring its relevance in the global market [3] Group 3: Company Overview - EQT Corporation is involved in the production, gathering, and transmission of natural gas, selling to marketers, utilities, and industrial customers primarily in the Appalachian Basin [4]