Moody's Ratings upgraded its outlook on EQT Corporation to positive from stable on May 30, while affirming the company's Baa3 senior unsecured notes rating and Baa3 senior unsecured shelf rating. The positive outlook reflects rapid debt reduction following the 2024 acquisition of Equitrans Midstream Corporation, with EQT cutting its debt by about $8 billion through asset sales and strong free cash flow. The company is on track to meet its long-term debt target of $5 billion and is well positioned to benefit from LNG offtake and tolling agreements with exposure to advantageous international market pricing. EQT is the largest natural gas producer in the United States, operating as a vertically integrated energy company primarily in the Appalachian Basin.
EQT CorporationMoody's upgraded outlook to positive, citing rapid debt reduction and strong free cash flow.