EQT Announces Strategic Production Curtailment of 30-40 Bcf of Net Production During Q1 in Response to the Current Low Natural Gas Price Environment
Portfolio Pulse from Benzinga Newsdesk
EQT Corporation (NYSE:EQT) has decided to curtail about 1 Bcf per day of gross production starting in late February due to low natural gas prices, caused by warm winter weather and high storage inventories. The curtailment is expected to last through March, with a total reduction of 30 to 40 Bcf of net production in Q1. The company will reassess market conditions after this period.

March 04, 2024 | 10:04 am
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EQT Corporation announces a significant curtailment of natural gas production due to low market prices, aiming to reduce output by 30-40 Bcf in Q1.
EQT's decision to curtail production is a direct response to the current low natural gas price environment. While this move may reduce short-term revenues, it is likely aimed at stabilizing prices and preserving the value of their assets. The impact on the stock price could be neutral in the short term as the market digests the potential for reduced supply to lead to price stabilization or increases. However, investor perception of the company's strategic management in response to market conditions could influence the stock positively or negatively.
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