NYSE
EQT
4 stories
$34B Market cap · 2026-10-21
EQT remains tied to roughly $3 Henry Hub gas despite European prices near $23 per MMBtu, with US LNG export capacity limiting overseas…
Portfolio returned 65.7% through September 28 versus the S&P 500’s 13.2%, while backing Tourmaline, EQT, Athabasca and SLB on gas demand…
The complacency is the point. Gas-directed rigs are still only in the low-to-mid 120s and the trend remains essentially flat. Turbine lead times run 3–5 years and the major OEMs are already sold out into 2029–31. Data-center announcements are loud today, but the actual incremental gas draw from behind-the-meter and new generation does not hit the system until the turbines arrive and the sites come online. That lag is why the market can keep treating gas as abundant through 2026–27 even as the structural deficit builds. When the convexity shows up, it will likely arrive later and harder than most are pricing. $EQT, $AR, $CRK
The basin isn’t that deep. Bullish $EQT. Low investment + LNG + datacenter demand = convexity https://t.co/USzDD8u9uB
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