EQT Enters 15-Year Tolling Agreement With Texas LNG To Produce 500K Tons Per Annum Of LNG
Portfolio Pulse from Benzinga Newsdesk
EQT Corporation has entered into a 15-year tolling agreement with Texas LNG to produce 500,000 tons per annum of liquefied natural gas (LNG). This long-term contract signifies a commitment to LNG production and may influence EQT's production strategies and financial outlook.
January 11, 2024 | 9:16 pm
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EQT Corporation's 15-year tolling agreement with Texas LNG to produce 500,000 tons of LNG annually could lead to increased revenue and stability in cash flow, positively impacting its financial performance.
The agreement ensures a steady demand for EQT's LNG production, likely resulting in increased utilization of its facilities and a positive impact on revenue. The long-term nature of the contract provides financial predictability and could be viewed favorably by investors, potentially leading to a short-term uptick in EQT's stock price.
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