New York, January 9, 2026, 06:31 EST — Premarket
- EQT last indicated near $52.20 in early premarket, after a 4.2% drop in the prior session
- Henry Hub spot slid to $3.11; February futures ended Wednesday at $3.525, EIA data showed
- Next focus: mid-January weather shifts, weekly storage data, and EQT’s expected February results
Shares of EQT Corp (EQT) were little changed in early premarket trade on Friday, after the U.S. gas producer fell 4.2% in the previous session amid renewed pressure on natural gas prices.
Gas matters again because the latest slide has come fast, and it hits producers’ cash flow straight away. The Henry Hub spot price sank to $3.11 per million British thermal units (MMBtu) on Wednesday, down from $3.96 a week earlier, while the February NYMEX futures contract ended Wednesday at $3.525, the Energy Information Administration said. 1
Weather is doing the heavy lifting, but supply is not giving much ground. “The market continues to fade weather signals amid steady supply,” wrote J. Adams at Energy Edge Consulting, who pegged Lower 48 production near 109-110 billion cubic feet per day (Bcf/d) and said LNG “feedgas” nominations — gas flowing into export plants — had eased to about 19.4 Bcf/d. 2
On Thursday, EQT lagged oil-weighted peers that caught a bid, a reminder that the tape still sorts companies by what they sell. EOG Resources rose 2.9%, Devon Energy gained 4.7% and Occidental Petroleum climbed 5.5% as EQT slid, with EQT trading volume above its 50-day average, MarketWatch data showed. 3
Natural-gas-linked names were mixed into the close, reflecting the tug-of-war between milder near-term demand and the risk of late-winter cold. The United States Natural Gas Fund (UNG) fell 4.4%, while Antero Resources (AR) and Range Resources (RRC) were down about 2% and Coterra Energy (CTRA) was slightly higher, based on last available quotes.
But the downside case still has teeth: if warmth holds and production stays high, traders will keep leaning on the front of the futures curve and producer equities can follow. The upside risk is the opposite — a sharper cold turn or “freeze-offs” (weather-related production disruptions) that tighten supply quickly.
The next read for gas prices is the weekly storage report on January 15 and the run of mid-January weather forecasts, while EQT investors also have the company’s quarterly update on the horizon, with Nasdaq data pointing to an expected report date around February 17. 4
