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EQT Corp (NYSE:EQT) is one of the best stocks to buy according to David Greenspan's Slate Path Capital. The stock makes up 3.7% of its reported equity portfolio. Including David Greenspan's Slate Path Capital, a total of 82 hedge funds have positions in EQT Corp stock.

On June 30, Freedom Broker initiated coverage of EQT Corp (NYSE:EQT) with a Buy rating and $79 price target. According to the brokerage, EQT Corp is the largest US natural gas producer, and so in this position, the company stands to benefit from improving natural gas market fundamentals.

Speaking of strengthening market fundamentals, natural gas demand is being driven by factors like high summer cooling needs amid heat waves, increased exports, and tight supplies. Also, AI data center buildout is lifting natural gas demand as operators set up on-site power plants to ensure electricity stability for their facilities.

Amid the favorable market conditions, EQT Corp delivered outstanding results in Q1 2026. It generated a record free cash flow of $1.83 billion in its first quarter and continued to strengthen its balance sheet as it inched closer to its target of cutting long-term debt to $5 billion.

Commenting on the results, EQT Corp CEO Toby Rice stated that the performance reflects the power of the company's low-cost, integrated platform.

EQT Corp (NYSE:EQT) produces and supplies natural gas. It operates an integrated natural gas business, where it handles everything from natural gas exploration and extraction to gathering and transmission. The company owns and manages its pipeline system, which allows it to reduce reliance on third-party transport.

While we acknowledge the potential of EQT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 10 AI Stocks to Buy According to Billionaire Philippe Laffont and 10 Best Dividend Stocks Yielding at Least 5% to Buy According to Hedge Funds.

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