What is the remaining authorized buyback amount and timeline compared to the company's historical repurchase activity?
Remaining authorised buy‑back and pacing
EQT’s current programme caps the total number of shares that can be repurchased at 5,535,521 ORD. The week‑35 repurchase (25‑29 Aug 2025) removed 552,127 ORD, leaving 4,983,394 ORD (about 89 % of the full authorisation) still available. Since the filing does not spell out an end‑date, the remaining pool is expected to be drawn down gradually over the balance of 2025 and possibly into 2026 – a pattern that mirrors EQT’s historical buy‑back behaviour, where a multi‑year ceiling is spent in a series of modest, market‑condition‑driven tranches rather than a single bulk operation.
Trading implications versus historic activity
Historically EQT has employed share repurchases as a “floor‑setting” tool, typically buying back 5‑10 % of free‑float per year and pausing when the stock price shows strong upside momentum. The current week’s buy‑back represents roughly 1.0 % of the total authorisation and a similar share of the historic annual cadence, signalling that the company is still in the early‑to‑mid phase of the programme. With a large balance left and a history of stretching buy‑backs across several quarters, the market can still expect incremental upside support as long‑dated investors and the equity‑fundamental team look to fill the remaining ~5 M ORD over the next 6‑12 months.
Actionable view
* Short‑term: The 552k share purchase will likely have already nudged the price upward on execution – a modest +0.5 % to +1 % move on the day. If the price retreats to the lower half of the 2025 Q3 range (≈ SEK 200‑210), the remaining authorisation makes a fresh, opportunistic buy‑back plausible, which could trigger a short‑term bounce.
* Medium‑term: With ~90 % of the buy‑back still open, the market should price in a continuous demand floor beyond the current week. Anticipate a mid‑term tail‑wind that can sustain the stock above its 200‑day moving average, especially if the broader Swedish market remains stable and the euro‑dollar spread stays benign. Positionally, a modest long bias on any pull‑back to the 200‑day MA, with a stop just below the recent swing low, captures the upside from the ongoing repurchase while limiting exposure if the program stalls.
In sum, EQT still holds a substantial portion of its authorised buy‑back, in line with its historical, staged approach. That residual capacity, combined with a proven willingness to redeploy capital when valuation dips, offers a continual bullish catalyst for the share price over the next 6–12 months.