EQT Corporation is recommended as a superior natural gas investment compared to LNG exporters. Unlike LNG terminal operators who lock in long-term contracts, EQT has greater upside potential through its integrated gas production model, ownership of midstream infrastructure including the Mountain Valley Pipeline, and exposure to both LNG markets and AI-driven power demand. The company offers better free cash flow durability at lower gas prices while capitalizing on premium market access.
Axe note: EQT’s integrated natural gas model offers more upside than LNG exporters, a useful angle for rand-linked investors watching USD/ZAR.