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This growth reflects soaring demand for compute, storage, cooling, and power infrastructure as AI workloads spread across industries from finance to healthcare and manufacturing. That kind of expansion also means a sharp step‑up in round‑the‑clock electricity needs, putting energy supply at the center of the AI story.​This is where the conversation shifts from chips and cloud platforms to natural gas and pipelines. AI data centers need reliable power, and gas‑fired generation is still doing much of the heavy lifting as new facilities come online. Strategists at Morgan Stanley now argue that select gas producers and midstream operators are quietly becoming some of the most direct beneficiaries of this buildout.Everything You Need to Know About Musk’s ‘Self-Growing’ Moon City as He Races to ‘Secure the Future of Civilization’How Did Markets Open the Week?Nat-Gas Prices Erase Early Gains as US Weather Forecasts WarmGet exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.Two names stand out in that framework as top ways analysts like to tap this theme without owning another tech stock. Could these energy names end up capturing more of the AI boom than many realize right now? Let’s dive in.EQT Corporation (EQT) is a roughly $37.8 billion natural gas producer headquartered in Pittsburgh, Pennsylvania, focused on Appalachian gas and increasingly on power demand from AI data centers. The stock offers a forward annual dividend of $0.66 per share, implying a yield of about 1.1%.EQT trades at $60.50 as of Feb. 20, up about 13% year‑to‑date (YTD) and roughly 15% over the past 52 weeks.www.barchart.comThis pricing reflects a forward P/E of 16.03x and a price‑to‑book ratio of 1.34x versus sector medians of 15.73x and 1.77x, indicating a modest earnings premium for its growth profile with a discount on book value relative to peers.EQT’s fourth‑quarter and full‑year 2025 results, released on Feb. 17, showed adjusted EPS of $0.90 versus a $0.73 consensus, a 23.3% upside surprise. This beat was driven by sales volumes of 609 Bcfe, which came in above the high end of guidance thanks to stronger well performance, system pressure optimization, and lower‑than‑expected price‑related curtailments.The company recently exercised an option to purchase part of Con Edison’s interest in the Mountain Valley Pipeline (MVP) venture, gaining additional exposure to the mainline system and associated compression assets tied to the MVP Boost expansion project. That deal tightens EQT’s grip on critical infrastructure that can move molecules toward regions where data center build‑outs are accelerating.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,946.14 +56.07 (+0.81%)Dow 3049,482.27 +307.77 (+0.63%)Nasdaq23,152.08 +288.40 (+1.26%)Russell 20002,662.23 +9.90 (+0.37%)VIX18.02 -1.53 (-7.83%)Gold5,193.90 +17.60 (+0.34%)Trending tickersBTC-USD Bitcoin USD 69,195.24 +4,724.11 (+7.33%)CRCL Circle Internet Group 83.05 +21.68 (+35.33%)NVDA NVIDIA Corporation 195.63 +2.77 (+1.44%)COIN Coinbase Global, Inc. 183.94 +21.91 (+13.52%)CAVA CAVA Group, Inc. 85.77 +17.97 (+26.50%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 46.51 +13.04 (+38.96%)CRCL Circle Internet Group 83.05 +21.68 (+35.33%)CAVA CAVA Group, Inc. 85.77 +17.97 (+26.50%)ECG Everus Construction Group, Inc. 130.10 +25.89 (+24.84%)CCC CCC Intelligent Solutions Holdings Inc. 6.34 +1.28 (+25.20%)Top losersIBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)LUNR Intuitive Machines, Inc. 15.89 -3.01 (-15.93%)DEO Diageo plc 86.20 -15.94 (-15.61%)GDDY GoDaddy Inc. 79.14 -13.16 (-14.26%)VRRM Verra Mobility Corporation 16.18 -2.53 (-13.52%)Most activeNVDA NVIDIA Corporation 195.63 +2.77 (+1.44%)PLUG Plug Power Inc. 1.9100 0.0000 (0.00%)IBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)INTC Intel Corporation 46.88 +0.76 (+1.65%)ONDS Ondas Inc. 10.30 -0.10 (-0.96%)Top economic eventsEarnings eventsMy earnings eventsEarnings events