<div id="readability-page-1"><div><p>EQT (EQT) is back on investors radar after fully exiting its long running Kodiak Gas Services stake, locking in the first IPO outcome from its infrastructure portfolio just as US natural gas fundamentals tighten.</p> <p>See our latest analysis for EQT.</p> <p>Despite a soft patch in recent weeks, with a 7 day share price return of minus 8.42 percent and a latest close of $55.57, EQT still shows firm underlying momentum. This is supported by a roughly 17 percent year to date share price return and a standout 5 year total shareholder return of about 338 percent as investors lean into the Kodiak exit and improving US gas fundamentals.</p> <p>If EQT’s move has you thinking more broadly about energy linked opportunities, it could be worth scanning aerospace and defense stocks for other resilient, cash generative names with structural demand tailwinds.</p> <p>With shares still trading at a double digit discount to consensus targets and analysts forecasting robust cash flow growth, the key question now is whether EQT remains undervalued or if the market is already pricing in that upside.</p> <h2>Most Popular Narrative: 13.2% Undervalued</h2> <p>With EQT last closing at $55.57 against a narrative fair value of $64, the story hinges on how durable its future cash flows really are.</p> <blockquote> <p><em>Analysts expect earnings to reach $3.8 billion (and earnings per share of $5.88) by about September 2028, up from $1.1 billion today. However, there is a considerable amount of disagreement amongst the analysts with the most bullish expecting $5.9 billion in earnings, and the most bearish expecting $2.5 billion.</em></p> </blockquote> <p>Read the complete narrative.</p> <p>Want to see what kind of revenue ramp, margin expansion, and earnings power are baked into that gap? The narrative spells out an aggressive transformation. Curious?</p> <p><strong>Result: Fair Value of $64 (UNDERVALUED)</strong></p> <p>Have a read of the narrative in full and understand what's behind the forecasts.</p> <p>However, faster decarbonization policies or tighter methane and infrastructure regulation could dampen long term gas demand and compress EQT’s margins.</p> <p>Find out about the key risks to this EQT narrative.</p> <h2>Another Angle on Valuation</h2> <p>On earnings-based valuation, EQT looks far less of a bargain. It trades on about 19.5 times earnings, richer than both the US Oil and Gas industry at 13.3 times and peers at 15.6 times, even though our fair ratio sits higher at 22.3 times. Is the market already front loading a lot of good news here?</p> <p>See what the numbers say about this price — find out in our valuation breakdown.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b89aafaa-1d5f-4bef-826c-4184135816a0/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/b89aafaa-1d5f-4bef-826c-4184135816a0/chart/pe-multiple-vs-industry"/><figcaption>NYSE:EQT PE Ratio as at Dec 2025</figcaption></figure><h2> Build Your Own EQT Narrative</h2> <p>If you see the story differently or prefer to dig into the numbers yourself, you can shape a fresh EQT view in minutes: Do it your way.</p> <p>A great starting point for your EQT research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.</p> <h2>Ready for your next investing edge?</h2> <p>Do not stop at one opportunity when the market is full of asymmetrical setups; use the Simply Wall Street Screener today so you do not miss the next standout idea.</p> <ul> <li>Capitalize on unfairly beaten down names by running through these 907 undervalued stocks based on cash flows that pair solid cash flows with pessimistic pricing.</li> <li>Ride powerful secular trends by scanning these 26 AI penny stocks that link artificial intelligence breakthroughs to real, growing revenues.</li> <li>Turn small price tags into big potential by targeting these 3606 penny stocks with strong financials with robust balance sheets and credible growth paths.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><p>Mobile Infrastructure for Defense and Disaster</p><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p><p>Get the investor briefing before the next round of contracts</p><p><span>Sponsored On Behalf of CiTech</span></p></div></div></div>

<p>EQT's valuation is under scrutiny after exiting Kodiak Gas Services, with shares trading at a discount to consensus targets. Analysts forecast robust cash flow growth, but there's disagreement on future earnings. EQT is seen as 13.2% undervalued, with a fair value of $64. Risks include decarbonization policies affecting gas demand. Despite recent share price decline, EQT shows strong long-term returns. The article suggests exploring other energy-linked opportunities and provides tools for investment analysis.</p>

EQT (EQT) Valuation After Kodiak Exit and Strengthening U.S. Natural Gas Demand Dynamics