According to media reports, European natural gas prices continued to rise last week, with European natural gas futures soaring 20% due to Russian supply concerns. U.S. natural gas prices have also risen sharply since July. Under this wave of natural gas crisis, American liquefied natural gas producers have made a lot of money.
EQT expects the company to generate cumulative free cash flow of more than $10 billion by 2026, some of which will be used to repay $1.5 billion of debt due in 2023, and the remaining cash will be used for dividends, share repurchases and Shareholder-friendly activities such as acquisitions.
Goldman Sachs said the company will benefit from a favorable long-term outlook for natural gas, with the stock having the potential to be re-rated as the balance sheet improves further and free cash flow is more allocated to capital returns.
Chesapeake Energy, Petrobras, Chile Mining Chemicals, etc. all rose against the trend.