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    EQT (EQT) Secures A 10 Year Gas Deal, Is The Stock Still Cheap?

    Simply Wall St·10/14/2026 17:28:35
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    EQT stock in focus after gas price tailwinds and new long-term contract

    A stronger finish for U.S. natural gas prices, combined with EQT (EQT)'s new 10-year supply agreement for a planned West Virginia power plant, has pulled fresh attention to the producer's earnings outlook.

    Over the past year, EQT's share price has moved in bursts rather than in a straight line, with a 10.52% 90 day share price return and a 5 year total shareholder return of 188.64%. This suggests that recent gas price strength and contracts like the new West Virginia deal are feeding into both shorter term momentum and a longer running investment story.

    Spot 32 high quality undervalued stocks that, like EQT, are tied to shifting energy demand and could be positioned for the next leg of the natural gas and power story.

    EQT now trades at a clear discount to both analyst targets and some intrinsic value estimates after its recent run. Is that a genuine mispricing, or a fair warning label on future gas risk and contract execution?

    Most Popular Narrative: 19% Undervalued

    The most followed narrative currently pegs EQT's fair value at $67.50, above the last close of $54.43. This frames today’s debate around whether the market is underestimating its long-horizon contracts and cash generation potential.

    The ramp-up of large-scale, long-term natural gas supply contracts to new AI data centers and power generation facilities in Appalachia beginning in 2027 and 2028 remains central to EQT capturing growing in-basin demand for its production. This can support more visible revenue and free cash flow from both upstream and midstream operations.

    See why 74 investors see EQT as 19% undervalued.

    Result: Fair Value of $67.50 (UNDERVALUED)

    Still, EQT’s narrative can shift quickly if decarbonization policies tighten faster than expected, or if fresh environmental incidents trigger tougher oversight and higher costs.

    Find out about the key risks to this EQT narrative.

    Next Steps

    If the EQT story so far sounds optimistic, move quickly to check the underlying numbers and pressure test the bullish case for yourself. You can start with 4 key rewards.

    Looking for more EQT investment ideas?

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    This article by Simply Wall St is general in nature. 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. 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.