EQT Won’t Increase Production Until it Can Move More Out of Basin

EQT Corporation, the biggest natural gas producer in the United States (and a pureplay Marcellus/Utica driller), issued its second quarter 2022 update yesterday. The company raked in $550 million in free cash flow during 2Q and produced 5.5 Bcf/d (billion cubic feet per day) of natural gas. But don't look for EQT to increase production any time soon--not until (says top management) it can get more of its molecules to markets outside of the M-U. The company's answer to moving more molecules is to try and expand LNG exports from the East Coast.

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