10 Firms Stand Strong Amid Market Decline

2. EQT Corp. (EQT)

Natural gas producer EQT Corp. (EQT) saw its share prices grow by 5.12 percent to finish Monday’s trading at $46.59 apiece.

Investor optimism was fueled by news of a spike in natural gas prices, spurred by higher electricity demand to beat the cold winter season, boding well for the company’s prospects.

In addition, EQT recently secured a fresh $3.5 billion in funding for its midstream joint venture from its affiliate Blackstone Credit & Insurance.

The company said proceeds from the transaction will be used to repay its term loan and revolving credit facility, as well as the bridge term loan facility that was used to fund the previously announced redemption and repurchase of certain senior notes of EQM Midstream Partners, LP.