On July 22, EQT Corp rose 5.52% in regular trading, trading at $52.65/share, with turnover of $88.19 million. The rally came as multiple investment banks raised their price targets on the stock following Q2 results, overshadowing a modest earnings miss.

EQT reported Q2 adjusted earnings of $0.39 per diluted share, missing the consensus estimate of $0.41 and down from $0.45 a year earlier. Revenue came in at $1.683 billion, below the $1.796 billion expected. Despite the shortfall, Stephens raised its price target from $71 to $72, maintaining an Overweight rating, while the stock carries an average analyst rating of Overweight with a mean target of $67.96.

Separately, EQT announced a five-year LNG offtake agreement for 500,000 tons per year beginning in 2028, which is expected to add approximately $45 million to free cash flow in that year. The agreement strengthens the company's position in the natural gas value chain as a vertically integrated producer focused on the Appalachian Basin.

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