Dec. 11, 2025 6:44 AM ETEQT Corporation (EQT) StockEXERicardo Fernandez3.01K FollowersComment(1)SummaryEQT is rated a buy, as US natural gas enters a period of structural deficits, driven by data center and LNG export demand.My price target for EQT rises to $73, reflecting higher estimates and a target multiple increase to 7x, amid tightening supply/demand conditions.EQT is positioned for over 20% average cash earnings growth from 2026-2028, with FCF exceeding $4bn enabling debt reduction and share buybacks.Risks include potential demand shortfalls, LNG overcapacity, and regulatory headwinds, but sector valuations should improve as natural gas prices rise.RapidEye/iStock via Getty ImagesIntroductionThe start of the supply chain, or picks and shovels of the AI and data center buildout, is natural gas, which is powering electricity generation (nuclear and uranium are a bit further out, 2030). I have covered key IPPs (independent powerThis article was written byRicardo Fernandez3.01K FollowersI have more that 35 years of experience in the investment field having worked as a sell & buy side analyst and portfolio manger for debt and equity funds. I am currently managing a high yield Latam bond fund.My goal, as a Seeking Alpha contributor, is to provide a fundamental view and analysis of companies and funds in a streamlined version of institutional research. The operating and financial forecast, whether my own or based on consensus, drives the valuation and ultimate rating. I like numbers (financial statements) and use words to explain there meaning and potential consequences.For the most part, my selection choices reflect what I believe can offer long term potential and I frequently take positions in many ideas for my personal account.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comment(1)