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 second quarter 2026 results of EQT Corporation demonstrated notable operational and financial execution, supported by an integrated upstream and midstream business approach.</li><li>Production volumes surpassed the high end of guidance due primarily to continued outperformance in base production aided by midstream compression projects, which have extended flat times for new wells and reduced decline rates for older wells.</li><li>These compression initiatives have exceeded initial synergy expectations from the Equitrans acquisition.</li></ul>

The second quarter 2026 results of EQT Corporation demonstrated notable operational and financial execution, supported by an integrated upstream and midstream business approach.Production volumes surpassed the high end of guidance due primarily to continued outperformance in base production aided by midstream compression projects, which have extended flat times for new wells and reduced decline rates for older wells.These compression initiatives have exceeded initial synergy expectations from the Equitrans acquisition.

EQT Corporation Raises Output By 90 Bcfe While Cutting Capex — Can It Last?

<ul><li>A fierce takeover battle has transformed EQT AB's pursuit of Kakaku.com into one of Japan's most closely watched corporate contests.</li><li>What began as a conventional private equity acquisition has evolved into a high-stakes bidding war involving EQT, LY Corporation, and Bain Capital, with successive increases in offer prices underscoring the strategic value of one of Japan's largest consumer internet ecosystems.</li><li>Kakaku.com is far more than a price comparison website.</li></ul>

A fierce takeover battle has transformed EQT AB's pursuit of Kakaku.com into one of Japan's most closely watched corporate contests.What began as a conventional private equity acquisition has evolved into a high-stakes bidding war involving EQT, LY Corporation, and Bain Capital, with successive increases in offer prices underscoring the strategic value of one of Japan's largest consumer internet ecosystems.Kakaku.com is far more than a price comparison website.

EQT’s Billion-Dollar Battle For Kakaku.com Is Heating Up!

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>EQT's proximity to a dense cluster of AI data centres, integrated infrastructure, and expanding Appalachian footprint creates a competitive moat that rivals cannot easily replicate.</li>
<li>While peers benefit from today's LNG export boom, EQT is building a dominant position in Appalachia to capture tomorrow's AI-driven power demand and regional energy infrastructure growth.</li>
<li>The pipeline constraints that once limited EQT's growth have become a barrier to entry, strengthening its position as AI-driven electricity demand emerges within Appalachia.</li>
</ul>


EQT's proximity to a dense cluster of AI data centres, integrated infrastructure, and expanding Appalachian footprint creates a competitive moat that rivals cannot easily replicate.
While peers benefit from today's LNG export boom, EQT is building a dominant position in Appalachia to capture tomorrow's AI-driven power demand and regional energy infrastructure growth.
The pipeline constraints that once limited EQT's growth have become a barrier to entry, strengthening its position as AI-driven electricity demand emerges within Appalachia.


The Appalachian Advantage: Why EQT's AI Opportunity Is Unique

<ul><li>EQT AB is reportedly preparing another improved offer for Intertek Group Plc, after the UK testing, inspection, and certification company rejected earlier proposals of £51.50 and £54 per share.</li><li>Intertek closed recently at £47.66, giving it a market value of roughly £7.3 billion, meaning EQT’s prior offers already implied a notable premium.</li><li>The renewed pursuit suggests EQT sees more than a conventional buyout opportunity.</li></ul>

EQT AB is reportedly preparing another improved offer for Intertek Group Plc, after the UK testing, inspection, and certification company rejected earlier proposals of £51.50 and £54 per share.Intertek closed recently at £47.66, giving it a market value of roughly £7.3 billion, meaning EQT’s prior offers already implied a notable premium.The renewed pursuit suggests EQT sees more than a conventional buyout opportunity.

EQT Is Doubling Down On Intertek—Here’s Why It Matters!

<ul><li>The failed approach for Intertek may end up mattering more than a completed deal.</li><li>EQT disclosed an unsolicited proposal to acquire Intertek for £51.50 per share, valuing the company at roughly £7.93 billion, but Intertek’s board rejected the offer on the grounds that it materially undervalued the business and its future prospects.</li><li>That headline, on its own, sounds like a straightforward setback.</li></ul>

The failed approach for Intertek may end up mattering more than a completed deal.EQT disclosed an unsolicited proposal to acquire Intertek for £51.50 per share, valuing the company at roughly £7.93 billion, but Intertek’s board rejected the offer on the grounds that it materially undervalued the business and its future prospects.That headline, on its own, sounds like a straightforward setback.

EQT’s $8 Billion Bet Was Rejected—But The Real Opportunity Remains!

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 Raises Output By 90 Bcfe While Cutting Capex — Can It Last?

The second quarter 2026 results of EQT Corporation demonstrated notable operational and financial execution, supported by an integrated upstream...

Baptista Research

EQT’s Billion-Dollar Battle For Kakaku.com Is Heating Up!

A fierce takeover battle has transformed EQT AB's pursuit of Kakaku.com into one of Japan's most closely watched corporate contests. What began as...

Baptista Research

The Appalachian Advantage: Why EQT's AI Opportunity Is Unique

EQT's strategic positioning in Appalachia's AI data centre cluster and expanding infrastructure creates a competitive advantage for capturing...

Mint Finance

EQT Is Doubling Down On Intertek—Here’s Why It Matters!

EQT AB is reportedly preparing another improved offer for Intertek Group Plc, after the UK testing, inspection, and certification company rejected...

Baptista Research

EQT’s $8 Billion Bet Was Rejected—But The Real Opportunity Remains!

The failed approach for Intertek may end up mattering more than a completed deal. EQT disclosed an unsolicited proposal to acquire Intertek for...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

EQT Corporation Raises Output By 90 Bcfe While Cutting Capex — Can It Last?

The second quarter 2026 results of EQT Corporation demonstrated notable operational and financial execution, supported by an integrated upstream...

Baptista Research

EQT’s Billion-Dollar Battle For Kakaku.com Is Heating Up!

A fierce takeover battle has transformed EQT AB's pursuit of Kakaku.com into one of Japan's most closely watched corporate contests. What began as...

Baptista Research

The Appalachian Advantage: Why EQT's AI Opportunity Is Unique

​EQT's strategic positioning in Appalachia's AI data centre cluster and expanding infrastructure creates a competitive advantage for capturing...

Mint Finance

EQT Is Doubling Down On Intertek—Here’s Why It Matters!

EQT AB is reportedly preparing another improved offer for Intertek Group Plc, after the UK testing, inspection, and certification company rejected...

Baptista Research

EQT’s $8 Billion Bet Was Rejected—But The Real Opportunity Remains!

The failed approach for Intertek may end up mattering more than a completed deal. EQT disclosed an unsolicited proposal to acquire Intertek for...

Baptista Research

EQT's strategic positioning in Appalachia's AI data centre cluster and expanding infrastructure creates a competitive advantage for capturing...