Why natural gas stocks are sliding today: EQT, Range dip as mild-weather forecasts pressure U.S. gas
NEW YORK, January 2, 2026, 08:41 ET — Premarket Shares of EQT Corp fell 1.9% in premarket trading on Friday, while the United States Natural Gas Fund (UNG) slid 6.7% as U.S. natural gas prices weakened. Range Resources dropped 2.3% and Antero Resources fell 1.8%, while LNG exporter Cheniere Energy edged up 0.5%. The moves matter because gas-heavy producers tend to trade like a levered bet on the commodity, with changes in futures prices feeding quickly into expectations for cash flow and drilling plans. Early January also sits in the heart of the winter heating season, when day-to-day weather model