Stock Pulse
EQT Corp. recently reported weak earnings with a 57% drop in EPS due to a 36% share dilution, despite a 40% smaller decline in profit and a $290 million boost from unusual items [1]. However, the company also completed the divestiture of its non-operated Marcellus Shale assets to Equinor for a total of $1.75 billion, streamlining its portfolio and enhancing financial flexibility [2]. EQT also successfully completed debt exchange offers for its EQM Midstream Partners' notes, simplifying its capital structure and improving its financial position [7]. While UBS lowered EQT's price target from $58 to $55 [5], Mizuho increased it from $57 to $60 [6]. Analysts suggest EQT may be undervalued, with potential for 32.4% annual earnings growth over the next three years, despite competitive challenges [10].