EQT Raises 2026 Production Guidance After Strong Q2 Results
EQT Corporation reported second quarter 2026 results, exceeding production guidance and raising its full-year production outlook due to operational efficiencies and compression investments.
PITTSBURGH, PA – July 21, 2026 – EQT Corporation (NYSE: EQT) announced its financial and operational results for the second quarter of 2026, with the company surpassing its own performance expectations.
The company reported sales volume of 634 Bcfe, exceeding the high end of its guidance. This was attributed to strong well performance, system pressure optimization, and lower-than-expected price-related curtailments. Capital expenditures for the quarter totaled $666 million, coming in 9% below the low end of guidance, driven by operational efficiency gains and reduced infrastructure spending.
EQT is increasing its full-year 2026 production guidance by approximately 90 Bcfe. The company anticipates higher natural gas output resulting from investments in compression capacity, which improve both existing and new wells and slow decline rates. Despite this increased production outlook, full-year capital spending guidance has been reduced by $25 million.
Additionally, EQT has secured a 10-year agreement with Competitive Power Ventures (CPV) to supply 325,000 Dth/d of natural gas to the CPV Shay Energy Center in Doddridge County, WV. The pricing is linked to PJM power prices, offering a premium over in-basin rates. The company is also accelerating construction of the MVP Southgate pipeline project and has entered into a liquefied natural gas (LNG) offtake agreement with a major Asian energy company.