NEW YORK, December 31, 2025, 04:06 ET — Premarket
- EQT was last down about 0.5% in extended trading after closing Tuesday slightly higher.
- U.S. natural gas futures were down about 4% early Wednesday, after a jump this week on colder forecasts and record LNG export demand.
- Traders are watching winter forecasts and LNG feedgas flows that have been running at record levels, LSEG data showed.
EQT Corp shares were last down about 0.5% in extended trading early Wednesday, tracking a pullback in U.S. natural gas futures.
The move matters because producers’ revenue is tied to natural gas prices, which can swing sharply in winter as heating demand rises and falls with the weather.
This week’s volatility has been amplified by strong liquefied natural gas (LNG) export demand — LNG is natural gas cooled into a liquid for shipment — which can tighten the domestic market when export plants pull more fuel from U.S. pipelines.
EQT closed Tuesday up 0.17% at $54.63 and was last quoted at $54.36 in extended trading, according to Investing.com data.
U.S. natural gas futures were indicated around $3.81 per million British thermal units (mmBtu) — a standard energy unit — down roughly 4%, Investing.com data showed.
Earlier in the week, front-month U.S. gas futures rose 2.2% to $4.46 per mmBtu on forecasts for colder weather and record flows to LNG export plants, Reuters reported.
“Forecasts are turning back colder a little bit and with this wicked winter weather, people are starting to buy,” Phil Flynn, senior analyst at Price Futures Group, said. hellenicshippingnews.com
Meteorologists were forecasting a slight drop in temperatures nationwide through January 12, Reuters reported, pointing to higher Heating Degree Days — a measure of how much energy is needed to heat buildings.
On the demand side, average gas flows to eight large U.S. LNG export plants have risen to 18.5 billion cubic feet per day (bcfd) so far this month, above the prior monthly record of 18.2 bcfd in November, according to LSEG data cited by Reuters.
LSEG also pegged average Lower 48 gas output at a record 110.1 bcfd in December, while projecting overall demand, including exports, would ease from 138.4 bcfd this week to 135.8 bcfd next week.
Other gas-linked names were mixed into the close. Antero Resources ended Tuesday up 1.42% at $35.10, while LNG exporter Cheniere Energy added 0.44% to $193.44.
Coterra Energy rose 1.37% to $26.56 in Tuesday’s session, MarketWatch data showed, as investors continued to track the broader fuel-price backdrop.
Investors are also looking ahead to February earnings, with Investing.com listing Feb. 18 as the next report date for both EQT and Antero, and Feb. 19 for Cheniere.
