EQT Earnings: Strong Production

Here's our initial take on EQT's (NYSE: EQT) financial report.EQT beat expectations for adjusted profit in the second quarter of 2025, with high levels of production coupled with lower capital spending. EQT reported sales volume of 568 Bcfe, up 12% year over year, thanks to solid well performance and compression projects. Capital spending was $554 million in the quarter, 15% below the midpoint of the company's guidance. Efficiency gains and midstream project optimizations drove the unexpectedly low capital spending total.EQT closed its acquisition of Olympus Energy's upstream and midstream assets on July 1. While there was no contribution from Olympus in EQT's second-quarter results, the company boosted its full-year production guidance by 100 Bcfe to account for the acquisition. EQT also recently signed a deal to be the exclusive provider of midstream infrastructure for a large-scale natural gas power plant in West Virginia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool