Scotiabank Keeps Sector Perform Rating on EQT After Q3 Results

EQT Corporation (NYSE:EQT) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On October 22, Scotiabank reiterated its Sector Perform rating on EQT Corporation (NYSE:EQT) with a price target of $70.

This decision came after the company reported results for the third quarter of 2025. EQT Corporation (NYSE:EQT) shared impressive figures for Q3 2025 in production, capital expenditure, and free cash flow. The company highlighted operational efficiencies as the main reason behind this strong performance. During the quarter, EQT Corporation (NYSE:EQT) set multiple records, such as the highest pumping hours in a month, the fastest quarterly completion speed, and the most lateral footage drilled and completed in a 24-hour period.

EQT Corporation (NYSE:EQT) shared that capital expenditures for Q3 2025 were 10% lower than the midpoint of its guidance. These savings were due to ongoing efficiency gains and midstream cost optimization.

Additionally, EQT Corporation (NYSE:EQT) had a strong and oversubscribed open season on its MVP boost expansion project. The company has decided to increase the size of the project by 20%.

Scotiabank pointed out a number of potential catalysts for EQT Corporation (NYSE:EQT). These include continued Equitrans synergy capture, debt reduction as the company targets a maximum of $5 billion of total debt, continued gathering system optimization, and direct supply agreements.

EQT Corporation (NYSE:EQT) is an American vertically integrated natural gas company with production and midstream operations focused in the Appalachian Basin.

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Disclosure: None. This article is originally published at Insider Monkey.