EQT Shares Rise After Boosted FY26 Production View, Better-than-expected 2Q Rev

Dow Jones
07/23
 

Shares of EQT rose after the natural-gas producer raised its fiscal 2026 production guidance and its second-quarter revenue beat analyst estimates.

The stock climbed 7.6% to $53.58 in recent trading, and was at about breakeven for the year.

The company said it raised its fiscal 2026 production guidance by 90 billion cubic feet equivalent due to better-than-expected benefits from compression investments.

EQT also reduced its capital-spending outlook by $25 million for the full year.

For the second quarter, revenue was down 29% to $1.81 billion. Analysts polled by FactSet expected $1.76 billion.

The company posted quarterly net income of $211.4 million, or 34 cents a share, compared with $784.1 million, or $1.30 a share, a year earlier.

Adjusted earnings per share were 39 cents a share. Analysts polled by FactSet expected 41 cents a share.

 

Write to Grace Yoon at grace.yoon@wsj.com

 

(END) Dow Jones Newswires

July 22, 2026 13:50 ET (17:50 GMT)

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