Could EQT (EQT) Be a Major Winner From LNG and Data Center Power Demand?

Eagle Capital Management's Q2 2026 investor letter highlighted EQT Corporation as a potential major winner from LNG and data center power demand. The company is the largest U.S. pure-play natural gas producer with low-cost, long-lived assets and a good track record of capital allocation. With the addition of LNG export capacity and the expected increase in U.S. electricity demand due to data center buildouts, EQT is expected to experience tightening supply and demand, moderate production growth, and a large free cash flow yield.

This combination is projected to result in good EPS growth and attractive skew. While EQT is not on the list of the 40 Most Popular Stocks Among Hedge Funds, Eagle believes that certain AI stocks offer greater upside potential and carry less downside risk.