Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The third-quarter earnings release for EQT Corporation highlights both operational advancements and strategic decisions that continue to shape its financial performance.</li><li>The company reported a robust $484 million in free cash flow, despite facing $21 million in one-time costs associated with the Olympus transaction.</li><li>Over the past four quarters, EQT has generated over $2.3 billion in free cash flow at an average natural gas price of $3.25 per million Btu.</li></ul>

The third-quarter earnings release for EQT Corporation highlights both operational advancements and strategic decisions that continue to shape its financial performance.The company reported a robust $484 million in free cash flow, despite facing $21 million in one-time costs associated with the Olympus transaction.Over the past four quarters, EQT has generated over $2.3 billion in free cash flow at an average natural gas price of $3.25 per million Btu.

EQT Corporation: The Top 6 Influences on Its Performance for 2025 & the Future!

<ul><li>EQT Corporation's Q2 2025 results illustrate the company's operational proficiency and financial resilience, amid challenging market conditions characterized by lower natural gas prices.</li><li>During the quarter, EQT maintained impressive production levels at the high end of its guidance, attributed to exceptional well productivity and compression project performances.</li><li>The rigorous management of capital expenditures, which came in $50 million below the lower end of expectations, underscores EQT's operational efficiency and cost-control measures, driving significant cash flow despite an unfavorable legal settlement.</li></ul>

EQT Corporation's Q2 2025 results illustrate the company's operational proficiency and financial resilience, amid challenging market conditions characterized by lower natural gas prices.During the quarter, EQT maintained impressive production levels at the high end of its guidance, attributed to exceptional well productivity and compression project performances.The rigorous management of capital expenditures, which came in $50 million below the lower end of expectations, underscores EQT's operational efficiency and cost-control measures, driving significant cash flow despite an unfavorable legal settlement.

EQT Holdings: Expansion of Midstream Infrastructure Is A Critical Needle Mover For Their Growth!

<ul><li>EQT Corporation delivered strong results in the first quarter of 2025, emphasizing its strategic approach to maximizing value amid price volatility.</li><li>The company reported robust production at the high end of its guidance, aided by effective well performance and minimal winter disruptions.</li><li>Tactics like increasing production during highdemand winter periods allowed EQT to benefit from favorable Appalachian pricing, significantly boosting its core differential.</li></ul>

EQT Corporation delivered strong results in the first quarter of 2025, emphasizing its strategic approach to maximizing value amid price volatility.The company reported robust production at the high end of its guidance, aided by effective well performance and minimal winter disruptions.Tactics like increasing production during highdemand winter periods allowed EQT to benefit from favorable Appalachian pricing, significantly boosting its core differential.

EQT Corporation: Can Its Olympus Midstream & Strategic Integration Enhance Overall Market Competitiveness?

<ul><li>EQT Corporation showcased a transformational year in 2024 characterized by significant strategic and operational advancements.</li><li>A key highlight was the successful acquisition and integration of Equitrans, positioning EQT as America’s only large-scale integrated natural gas company.</li><li>The integration process is nearly complete with 90% of synergies realized to date, surpassing expectations.</li></ul>

EQT Corporation showcased a transformational year in 2024 characterized by significant strategic and operational advancements.A key highlight was the successful acquisition and integration of Equitrans, positioning EQT as America’s only large-scale integrated natural gas company.The integration process is nearly complete with 90% of synergies realized to date, surpassing expectations.

EQT Corporation: An Insight Into Its Market Dynamics and Commodity Price Outlook!

Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Commodities

<h3><strong>This Week's Key Take Aways</strong></h3>
<ul>
<li>Lithium stock run may already be out of steam</li>
<li>Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.</li>
<li>No love for North American lumber</li>
<li>Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.</li>
<li>Renewable tax credit qualification has a new physical work standard; the race is on to build.</li>
</ul>

This Week's Key Take Aways

Lithium stock run may already be out of steam
Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.
No love for North American lumber
Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.
Renewable tax credit qualification has a new physical work standard; the race is on to build.


Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

United States

EQT Corporation is an integrated energy company with emphasis on Appalachian area natural-gas supply, transmission and distribution. The Company, through its subsidiaries, offer natural gas products to wholesale and retail customers.

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Eqt Corp (EQT US)

EQT Corporation: The Top 6 Influences on Its Performance for 2025 & the Future!

The third-quarter earnings release for EQT Corporation highlights both operational advancements and strategic decisions that continue to shape its...

Baptista Research

EQT Holdings: Expansion of Midstream Infrastructure Is A Critical Needle Mover For Their Growth!

EQT Corporation's Q2 2025 results illustrate the company's operational proficiency and financial resilience, amid challenging market conditions...

Baptista Research

EQT Corporation: Can Its Olympus Midstream & Strategic Integration Enhance Overall Market Competitiveness?

EQT Corporation delivered strong results in the first quarter of 2025, emphasizing its strategic approach to maximizing value amid price...

Baptista Research

EQT Corporation: An Insight Into Its Market Dynamics and Commodity Price Outlook!

EQT Corporation showcased a transformational year in 2024 characterized by significant strategic and operational advancements. A key highlight was...

Baptista Research

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

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