Financial PerformanceGiven average gas prices were sub-$2/mmbtu and in-basin Appalachia pricing was modestly weaker than guidance, a ~31% miss on EBITDA vs. current Street consensus is expected.
Market ConditionsThe rebalancing of the gas market appears stuck in second gear due to several factors, including possible warm winter and LNG construction delays.
Production And RevenueEQT plans to curtail production in the second half of the year, which could impact future revenues.