Top US Gas Producer EQT Sees AI as Biggest New Source of Demand [Financial Post (Toronto, Ontario, Canada)]
EQT Corporation (EQT)
Last eqt corporation earnings: 2/27 06:30 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Data centers for artificial intelligence will comprise the biggest addition to US natural gas demand in coming years, according to the boss of the EQT Corp., the country's largest producer of the fossil fuel. US consumption has already soared over the past decade. Gas became the No. 1 power plant fuel after generators switched from coal, a dirtier source of energy. The start-up of export facilities on the Gulf Coast also added major new customers outside the US. But AI may deliver a more sudden and dramatic jolt to US energy markets. The immense scale of the power needed to run planned data centers that train or execute AI capabilities has become a major narrative for both the energy and tech industries this year. The extent of tech companies' needs was highlighted last week when Microsoft struck an unprecedented two-decade deal to purchase electr
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EQT
News
- EQT's Q3 Earnings Top Estimates on Gas Equivalent Production [Yahoo! Finance]Yahoo! Finance
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Mizuho from $41.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Piper Sandler from $32.00 to $34.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Co. (NYSE: EQT) had its price target raised by analysts at UBS Group AG from $40.00 to $42.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Stephens from $37.00 to $38.00. They now have an "equal weight" rating on the stock.MarketBeat
EQT
Earnings
- 10/29/24 - Beat
EQT
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 10/30/24 - Form 10-Q
- EQT's page on the SEC website