Jim Cramer’s List of 7 Energy Stocks for the Trump Trade

2. EQT Corporation (NYSE:EQT)

Number of Hedge Fund Holders: 48

Cramer mentioned EQT Corporation’s (NYSE:EQT) stock “getting some buzz” even before the election and highlighted an acquisition by the company this year.

“First, you could own some producers. Now I happen to like a company called EQT, which is exclusively focused on natural gas operations in the Appalachian Basin across Pennsylvania, West Virginia, Ohio. After spending a couple years trading sideways, EQT has caught fire since the election, climbing 22% to its highest level since late 2022. Well, even before the election, this stock was getting some buzz. Bank of America reinstituted coverage with a buy rating in late October. Then the next day, EQT reported a terrific beat and raise quarter, which did shock me.

Earlier this year, EQT made a pipeline acquisition buying Equitrans, all stock deal valued the combined company [at] more than $35 billion, that closed in July. In the latest conference call, EQT CEO, Toby Rice, a real smart fellow… about the merger [said]… I’m gonna quote, ‘Transform EQT into America’s only large scale, vertically integrated natural gas business’, and true, before noting that the integration is well underway and saying that all sorts of efficiencies are being unlocked along the way. If the natural gas rally truly has legs, then I gotta tell you: EQT (is a buy).”

EQT (NYSE:EQT) is a prominent natural gas production company based in the United States, primarily engaged in the extraction and sale of natural gas and natural gas liquids. In March, the company entered into a definitive merger agreement with Equitrans Midstream Corporation to create a vertically integrated natural gas business with an enterprise value exceeding $35 billion.

For the third quarter, the company reported an adjusted EPS of $0.12, surpassing analyst expectations despite a net loss of $301 million. The company’s total operating revenue for the quarter reached $1.28 billion, an increase from $1.19 billion reported in the same period the previous year and it was largely attributed to higher operational capacity.

EQT (NYSE:EQT) also made significant progress on its operational objectives during the third quarter. Following the completion of its acquisition of Equitrans, the company reported that over 60% of the integration tasks had been completed, with more than 50% of the anticipated synergies from the deal already realized within just three months.