EQT Raises Production Outlook and Lowers Capital Spending Forecast

EQT Corp., a U.S. natural gas producer, increased its full-year production forecast to 2,375–2,450 Bcfe, up approximately 90 Bcfe from prior guidance. The company attributed the upward revision to sustained gains from compression investments that improved output from both existing and new wells while reducing decline rates. Simultaneously, EQT trimmed its full-year maintenance capital expenditure forecast by $25 million to a range of $2.04 billion–$2.19 billion.
Second-quarter opera