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Commodities

EQT Corp. Stock Holds Steady Amid New Gas Supply Deal

Guavy AI Editorial Team
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Natural Gas
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EQT Corp.'s stock has been trading steadily in the low $50s, following its recent quarterly earnings release and ongoing sector news.

The company's shares opened at $53.74 in the latest trading session, signaling a tight trading range around the mid-$50 mark in recent days.

A 10-year gas supply agreement between EQT Corp. and Competitive Power Ventures for the Shay Energy Center will provide the entire fuel requirement of the planned combined-cycle power plant in West Virginia.

The project has an estimated value of $3 billion with a capacity of 2,100 megawatts, illustrating a sizable long-term demand commitment for EQT Corp.'s natural gas production.

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