EQT plans to reduce capital spending and increase production of US natural gas by 2025

From Yahoo Finance: 2025-04-23 15:17:00

U.S. energy company EQT plans to reduce capital spending but increase energy production by 2025, aiming to spend $1.950-$2.070 billion on maintenance capital and produce 6.03-6.30 bcfed per day, citing strong well performance and synergies from a 2024 acquisition. EQT also agreed to acquire assets from Olympus Energy for $1.8 billion.

Rival Range Resources will maintain steady capital expenditures of $650-$690 million in 2025 to produce 2.2 bcfed, unchanged from its February outlook. Range is collaborating with Liberty Energy and Imperial Land to supply gas to a proposed power generation facility in Pennsylvania, aiming to attract data centers and industrial operations seeking energy solutions. Other big U.S. gas producers, including Expand Energy, will report earnings soon.



Read more at Yahoo Finance: EQT plans to spend less while producing more US natgas in 2025