EQT's Strong Cash Flow and Morgan Stanley's Endorsement Drive Long-Term Prospects

Morgan Stanley reiterated its Buy rating on EQT Corporation, citing robust quarterly free cash flow, a 5% increase in the base dividend, and positive long-term prospects tied to utility demand and a paced LNG strategy. EQT's record-low cash costs and commitment to returning capital to shareholders shape its investment narrative, with a focus on near-term execution for large-scale supply contracts and the potential for LNG export growth and utility partnerships to support cash flows.