EQT (EQT) Q1 FY26 earnings call

EQT frames the quarter as proof its Equitrans-integrated, low-cost model has transformed earnings power, letting it enter a high-price, largely-unhedged market with a near-fortress balance sheet. With deleveraging essentially done, management pivots to capturing accelerating Appalachian power and data-center demand and distant LNG optionality — positioning EQT as the region's supply partner of choice rather than a competitor, while realizations still lag global prices.