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EQT Corp Beats Profit Estimates on Gas Surge
18 Feb
Summary
- EQT Corp surpassed Wall Street's profit expectations for the fourth quarter.
- Higher natural gas prices and increased sales volumes significantly boosted earnings.
- Data centers and LNG exports are driving strong demand for U.S. natural gas.
EQT Corp, a U.S.-based energy firm, announced it surpassed Wall Street's earnings estimates for the fourth quarter. This financial achievement was primarily attributed to a favorable market environment characterized by higher natural gas prices and increased sales volumes.
The energy sector is experiencing robust demand for natural gas. This is largely propelled by the growing needs of power-intensive data centers and a significant rise in liquefied natural gas (LNG) exports from the United States.
