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EQT Q2 Sales Volume Climbs to 634 Bcfe, Lifts 2026 Outlook

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US-based energy firm EQT (EQT) reported Q2 earnings Tuesday, showing total sales volume of 634 billion cubic feet equivalent, up from 568 Bcfe a year earlier, driven by stronger well performance and lower-than-expected curtailments.

Natural gas sales volume increased to 596.98 Bcf for the quarter ended June 30, up from 534.44 Bcf a year earlier.

Total liquids sales volumes were 6.25 million barrels, compared with 5.63 million barrels in the prior-year quarter.

Natural gas liquids excluding ethane declined to 3.46 million barrels, from 3.75 million barrels a year earlier, while ethane sales volume rose to 2.32 million barrels from 1.57 million barrels.

Oil sales volume increased to 468,000 barrels for Q2, compared with 313,000 barrels a year earlier.

Strong well productivity, compression optimization and fewer price-related curtailments pushed production above the high end of guidance.

EQT increased its full-year 2026 sales-volume guidance to 2,375 Bcfe to 2,450 Bcfe and expects 570 Bcfe to 620 Bcfe for Q3 202.

The company plans to spend $200 million to $240 million on growth projects during Q3 while bringing 34 to 50 net wells online.

EQT expects maintenance capital spending of $510 million to US$580 million during the quarter.

EQT signed a 10-year agreement with Competitive Power Ventures to supply 325,000 dekatherms per day of natural gas to the 2-gigawatt CPV Shay Energy Center in West Virginia.

EQT said it had secured key approvals for the MVP Southgate project and accelerated $85 million of capital contributions to support completion by the end of 2026.

The company completed its $77 million acquisition of Blackline Midstream, adding two propane storage and distribution terminals with 46 million gallons of storage capacity.

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