EQT has commenced a share buyback program running from July 20 to September 4, 2026, authorizing the repurchase of up to 4,368,899 shares for a maximum of SEK 2,500 million. The buyback begins as the stock has gained 14.34% over the past 30 days and 9.14% over 90 days, though the year-to-date return is down 9.63% and the five-year total shareholder return is down 23.16%. A widely followed narrative suggests the shares may be undervalued, with a fair value estimate of SEK370.13 compared to the last close of SEK323.70, implying potential upside. However, the stock trades at a price-to-earnings ratio of 33 times, above the European Capital Markets average of 13.8 times and a fair ratio of 30.5 times, indicating the market already assigns a premium.
EQT CorporationEQT launches a share buyback program of up to SEK 2.5 billion, signaling management's confidence and supporting the stock price.