Natural-Gas Slump Could Last, Says Producer EQT

After soaring to 14-year highs in 2022, U.S. natural-gas prices have fallen 45% this year. The country’s largest gas producer doesn’t expect a rebound for many months.

EQT


(ticker: EQT), a Pittsburgh-based producer whose operations are spread through Pennsylvania, West Virginia, and Ohio, said in a conference call on Thursday that the market may remain oversupplied for the rest of the year. To get it back into balance, some producers will have to slow their activity.