EQT is engaged in extensive discussions with BlackStone, and if everything goes well, a deal might be finalized in the upcoming weeks.
With declining spot prices for natural gas and bottlenecks in U.S. LNG exports, EQT's Q3 performance is likely to have been impacted.
EQT (EQT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As U.S. power producers boost global natural gas demand to new heights, gas-centric stocks like Cheniere Energy, EQT and Kinder Morgan stand to benefit.
With numerous prime drilling locations throughout this gas-rich region, EQT's production prospects are robust.
Following the acquisition of Equitrans Midstream, EQT plans to reduce its workforce by 15% as part of the process of combining the operations of the two companies.
Joe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's buying back EQT.
EQT plans to ease its production cuts in October, with further increases in November.
U.S. energy company EQT plans to reverse some natural gas production curtailments in October and November as demand for the fuel and prices increase, CEO Toby Rice told Reuters on Wednesday.
EQT's CEO Toby Rice expects U.S. natural gas prices to remain under $3/mmBtu in the near term. However, he anticipates rising LNG demand to ease production cuts by 2024.
EQT is a strong shale natural gas producer, currently undervalued due to low gas prices, but poised for gains as prices rise. Despite lower revenues, EQT increased production by 12% and remained profitable, with a net income of $113 million in the first half of the year. EQT's debt situation has improved, but interest expenses are rising; higher natural gas prices could enhance financial metrics.
Energy stocks have been the worst performers in 2024.