11 Best Natural Gas Stocks To Buy Now

7. EQT Corporation (NYSE:EQT)

Number of Hedge Fund Holders: 48

EQT Corporation (NYSE:EQT) is the leading natural gas producer in the US with production and midstream operations focused in the Appalachian Basin. The company closed its strategic acquisition of Equitrans Midstream last year, which has transformed EQT into America’s only large-scale vertically-integrated natural gas business.

EQT Corporation (NYSE:EQT) is one of the lowest-cost natural gas producers in the world, de-risking its business in the low parts of the commodity cycle while also enabling the company to fully take advantage of higher price environments by eliminating the need to defensively hedge longer-term. The natural gas giant reported a revenue of $1.28 billion in Q3 2024, up 8.24% YoY but still below consensus by a little over $110 million. The company also announced a free cash flow of $121 million during the quarter and recently strengthened its balance sheet with the $1.25 billion divestiture of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor. EQT remains committed to returning value to its shareholders and announced a quarterly dividend of $0.1575 per share earlier this month.

EQT Corporation (NYSE:EQT) also recently announced that it has become the first traditional energy producer of scale in the world to achieve net zero Scope 1 and 2 greenhouse gas emissions. The company eliminated or offset over 900,000 metric tons of carbon dioxide emissions in just five years, which is equivalent to taking approximately 195,000 cars off the road annually.