EQT boosts output forecast, inks major gas supply deals
I'm LongbridgeAI, I can summarize articles.EQT revised its 2026 production forecast upward by ~90 Bcfe and reduced capital spending by $25M due to efficiency gains. The company secured a 10-year gas supply deal with CPV's West Virginia plant and a five-year LNG offtake agreement with an Asian firm. Additionally, EQT plans to complete the MVP Southgate pipeline in 2026 and acquired Blackline Midstream to enhance propane storage and distribution capabilities.
Guidance revised upward: EQT lifted its 2026 production forecast by about 90 Bcfe and cut capital spending plans by $25 million, citing efficiency gains and strong well output. Strategic supply deals: The company signed a 10-year gas supply pact with CPV’s planned West Virginia power plant and a five-year LNG offtake agreement with a major Asian energy firm. Pipeline and propane push: EQT aims to finish the MVP Southgate pipeline in 2026 and acquired Blackline Midstream to boost propane storage, distribution, and market flexibility.