EQT Corporation initiated with an Outperform at William Blair

William Blair initiated coverage of EQT Corporation (EQT) with an Outperform rating and no price target The firm says EQT is the only domestic and vertically integrated natural gas producer operating under a low-cost structure, with decades of core inventory. The company’s infrastructure and investment-grade rating position it to generate free cash flow of more than $700M at over $4 gas prices, while advancing upstream and midstream growth through its “low-risk, high-return project pipeline,” the analyst tells investors in a research note.