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StocksUpdated×4•Originally published 21 April 2026•Updated 22 April 2026•

1 min read

Stephens Trims EQT Price Target to $73 While Maintaining Overweight Rating

Collage of scientific publication "THE LANCET" with clinical research graphs, lab equipment, and a medical room illustration.

Key Facts

1Stephens lowered its price target for EQT Corp. from $78 to $73 while maintaining an Overweight rating.

2EQT recently received a BBB credit rating upgrade from Fitch, becoming the first natural gas company to achieve this rating.

about 1 month ago

Version History

Version 4about 1 month ago

What changed: Updated the story to highlight that EPS nearly doubled year-over-year and emphasized management's expense control as a key driver for downside protection.

Version 3about 1 month ago

What changed: The story was updated to include specific financial performance metrics for Q1 2026, including total revenue, net income, and adjusted EPS.

Version 2about 1 month ago

What changed: Updated financial data to include record free cash flow of $1.832 billion, net debt reduction to $5.7 billion, and capital expenditures coming in below guidance.

Version 1about 1 month ago

What changed: Updated the story to include EQT's Q1 profit beat driven by higher commodity prices and sales volumes.

Stephens has maintained its Overweight rating on EQT Corp. while adjusting the price target to $73, following a strong financial performance in the first quarter of 2026. Notably, the company's earnings per share nearly doubled during the first quarter compared to the same period last year, reaching an adjusted diluted EPS of $2.33. This growth was underpinned by total operating revenues of $3.379 billion and record free cash flow of $1.832 billion. Analysts highlight that management's rigorous expense control and strategic focus on growth serve as key drivers for downside protection. Furthermore, EQT reduced its net debt to $5.7 billion, moving closer to its long-term target, while a recent credit rating upgrade to BBB by Fitch reinforces its robust balance sheet.