The stock market's tumble on Monday also spooked even the best oil and gas stocks. Because fears of a recession were the primary reason for the market's implosion, traders were worried about the impact on oil.

EQT, together with its peers in the Appalachian Regional Clean Hydrogen Hub, have advanced to Phase 1 Award Status from the U.S. Department of Energy PITTSBURGH , July 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its strategic plans to produce clean hydrogen and low carbon aviation fuel (LCAF) from its low emissions Appalachian natural gas will advance into Phase 1 planning following the execution of a cooperative agreement between the Appalachian Regional Clean Hydrogen Hub (ARCH2) and the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED). The agreement unlocks $30 million in initial funding for ARCH2 projects in Phase 1 from a potential $925 million that may be distributed in future phases, as designated by the Bipartisan Infrastructure Law, which establishes an investment of up to $7 billion for the Regional Clean Hydrogen Hubs (H2Hubs) Program.

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. `

Being a leading producer of natural gas in the United States, upstream business aids EQT's Q2 Earnings.

One of the sectors we know well which had been out of favor for several years has quickly come into favor: Independent Power Producers (IPPs). We've invested a meaningful amount of our assets in VST specifically the past few years. In addition to Vistra, two other positions warrant brief updates: Summit Midstream Partners and Equitrans Midstream.

Investors have had a healthy dose of skepticism about energy stocks over the past year. A sluggish recovery in China has muddled the demand picture.

EQT's Q2 earnings and revenues surpass estimates, fueled by higher sales volumes and lower total operating expenses. The average realized price rose to $2.33 per Mcfe during the quarter, contributing to the earnings beat.

The acquisition of Equitrans Midstream is expected to materially decrease the cost of supply on a per-unit basis. EQT announced profitable second quarter results despite industry struggles. The quarter benefitted from a large gain on a sale. Mountain Valley Pipeline operation expected to increase the average price received for production by moving Marcellus production to less oversupplied markets.

EQT Corporation (EQT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.17 per share a year ago.

PITTSBURGH , July 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the second quarter of 2024. Second Quarter  2024 and Recent Highlights: Closed the acquisition of Equitrans Midstream Corporation (Equitrans) a full quarter ahead of plan, resulting in approximately $150 million of savings relative to initial expectations; accelerates synergy capture and the commencement of deleveraging plan Sales volume of 508 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and strong well performance Capital expenditures of $576 million, below the midpoint of guidance despite faster activity pace; recent developments show a step change improvement in completion efficiency with potential for structurally lower well costs Total per unit operating costs of $1.40 per Mcfe, below the low-end of guidance driven by lower-than-expected LOE and SG&A expense Higher-than-expected southeast gas prices via Mountain Valley Pipeline capacity drove second quarter differential towards the low-end of guidance Total debt and net debt(1) down from $5.8 billion and $5.7 billion at year-end 2023 to $5.0 billion and $4.9 billion, respectively, at quarter-end Retired approximately $600 million of 2025 senior notes with proceeds from partial non-operated asset monetization; marketing remaining 60% interest in northeast Pennsylvania non-operated assets Increased revolving credit facility lender commitments from $2.5 billion to $3.5 billion Converted non-binding Heads of Agreement with Glenfarne Energy Transition's Texas LNG to binding Liquefaction Tolling Services Agreement for 2 million tonnes per annum of liquefaction tolling capacity Released 2023 ESG report highlighting successful achievement of GHG emission intensity and methane emission intensity targets one year ahead of schedule; on track to achieve net zero by 2025(2) President and CEO Toby Z.

PITTSBURGH , July 22, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced it has closed its acquisition of Equitrans Midstream Corporation (Equitrans). The merger of EQT and Equitrans creates America's only large-scale, vertically integrated natural gas business.

OVERLAND PARK, KS / ACCESSWIRE / July 22, 2024 / Tortoise today announced that Equitrans Midstream Corp (NYSE:ETRN) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by EQT Corp (NYSE:EQT). As a result of the acquisition, ETRN will be removed from both indices at market open on Monday, July 22, 2024.