EQT CEO Sees Higher 2026 Gas Output With Lower Spending
EQT is trading near its 52-week low of $47.937 (8.3% above the low) on light trading volume (0.3× avg).
Summary
CEO Toby Rice told Reuters EQT expects to boost 2026 natural gas production while spending less than last year, citing a flexible shut-in program that has added over $200M annually by selling less gas when prices are low and more when prices are high. This follows Q2 results where EQT cut maintenance capex guidance by $25M to $2.04B-$2.19B and raised full-year production outlook to 6.5-6.7 Bcfe/day. Rice sees international gas demand growing by ~200 Bcf/day through 2040, with EQT positioned to sell ~6M metric tons/year of LNG by 2030-31. The commentary reinforces operational efficiency and demand optimism, though no new financial figures were provided.
At the time of this announcement, EQT was trading at $51.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $32.5B. The 52-week trading range was $47.94 to $68.24. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.