Here’s Why EQT Corporation (EQT) Fell in Q3

EQT -3.17% NG=F +2.87%

Scout Investments, Inc., an affiliate of Carillon Tower Advisers, recently released its third-quarter 2025 investor letter for “Carillon Scout Mid Cap Fund”. A copy of the letter can be downloaded here. The Russell Midcap Index posted positive returns in the quarter, fueled by strong corporate earnings, the continued momentum in artificial intelligence (AI) infrastructure, and the anticipation of the U.S. Federal Reserve’s (Fed) interest rates. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Carillon Scout Mid Cap Fund highlighted stocks such as EQT Corporation (NYSE:EQT). EQT Corporation (NYSE:EQT) is a natural gas production company. The one-month return of EQT Corporation (NYSE:EQT) was 4.66%, and its shares gained 31.13% of their value over the last 52 weeks. On December 02, 2025, EQT Corporation (NYSE:EQT) stock closed at $58.60 per share, with a market capitalization of $36.57 billion.

Carillon Scout Mid Cap Fund stated the following regarding EQT Corporation (NYSE:EQT) in its third quarter 2025 investor letter:

"EQT Corporation (NYSE:EQT), a natural gas producer and transmitter, underperformed as sentiment around natural gas weakened over the summer as supply grew ahead of demand. As new liquefied natural gas (LNG) export facilities come online this fall and AI-related power demand emerges in the coming years, we expect demand will rise to use these supplies and more."

EQT Corporation (NYSE:EQT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 82 hedge fund portfolios held EQT Corporation (NYSE:EQT) at the end of the third quarter, which was 96 in the previous quarter. While we acknowledge the potential of EQT Corporation (NYSE: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.

In another article, we covered EQT Corporation (NYSE:EQT) and shared the list of best commodity stocks to buy. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.