EQT to Reverse Gas Curtailments Amid Rising Demand and Prices
EQT(EQT) ZACKS·2024-09-27 23:10
EQT Corporation (EQT) announced plans to reverse some of the production cuts it implemented earlier this year, starting in October and November. This move comes in response to rising demand and higher natural gas prices, according to a Reuters report. Earlier in 2024, EQT and other U.S. gas producers scaled back production when natural gas prices dropped to multi-year lows. This price drop was compelled by an unusually mild winter, which led to an oversupply of gas in storage. EQT alone had reduced producti ...