earnings
confidence high
sentiment positive
materiality 0.75
EQT Q2 2026: sales volume 634 Bcfe above guidance; raises production outlook, signs power/LNG deals, closes Blackline
EQT Corp
- Q2 sales volume 634 Bcfe above high-end guidance; CapEx $666M 9% below low-end; adjusted EPS $0.39 vs $0.45 YoY.
- Raising 2026 production guidance by ~90 Bcfe; lowering full-year CapEx guidance by $25M.
- Signed 10-year gas supply deal with CPV for 325,000 Dth/d to CPV Shay Energy Center; pricing linked to PJM power prices.
- Signed 5-year LNG offtake with Asian integrated energy co for 0.5 MTPA starting 2028; expected to add ~$45M to 2028 FCF.
- Closed $77M acquisition of Blackline Midstream (two propane terminals in New England) with ~20% FCF yield.