EQT Corporation: Another Acquisition

EQT Corporation advances growth with another small acquisition and progress on the Mountain Valley Pipeline expansion. I view the second quarter as a transitional period, with cash flow more indicative of performance than earnings due to noncash hedging impacts. Low storage levels entering summer and increasing export capacity position EQT and the industry for continued strength in natural gas prices. Long-term growth drivers include expanding data centers and North American export capabilities, though near-term stock movement may remain volatile.

EQT (EQT) continues its growth with yet another small acquisition. Meanwhile, the Mountain Valley Pipeline expansion plans seem to have passed another key goal. It looks like management put a usually transitional type of quarter.