EQT Stock Drops 26%, But Analysts See Potential for Turnaround

EQT stock has taken a hit, dropping by 26% from its highs in 2026. Despite this decline, analysts believe that EQT's expansion plans and cost structure could turn things around.

The company has been executing on its plans to reclaim its spot as America's largest natural gas producer, despite soft gas prices. EQT's MVP Boost project, a 500-million-cubic-foot expansion of the Mountain Valley Pipeline, remains on track after receiving FERC approval in June.

Management has framed these moves as central to retaking the top production spot from rival Expand Energy. Executives noted that EQT's cost structure and pipeline access give it flexibility peers cannot easily match.