EQT CEO: Shut-Ins Worth $200M a Year; Record Output Coming in 2026

When Appalachian gas prices fall into the basement, EQT turns down the valves, and CEO Toby Rice says the strategy is paying off. In an interview with Reuters on Tuesday, Rice put a dollar figure on it for the first time: a little over $200 million a year in benefit from selling less gas when prices are low and more when they're high. He also said EQT, the country's No. 2 gas producer, will pump more gas in 2026 than last year while spending less to do it. Rice talked up the company's proposed POWER Pipeline to Ohio, its Mountain Valley Pipeline expansions, and a new 10-year LNG supply deal with Lithuania. His outlook for global gas demand is, let's say, very bullish.

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