Natural Gas Expected to Surpass Oil as Top U.S. Energy Source
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Energy Landscape Shift: EQT CEO Toby Rice indicated that by 2030, natural gas is expected to surpass oil as the primary energy source in the U.S., with natural gas accounting for 36% of energy consumption in 2025 compared to 37% for oil, reflecting a narrowing gap over the past decade and highlighting the growing importance of gas in the energy mix.
- Electricity Demand Surge: The rise of electric vehicles and data centers is significantly boosting electricity demand from gas-fired power plants, while the largest source of domestic oil demand—gasoline—has plateaued, which will further drive the growth of natural gas consumption and solidify its leading position in the energy market.
- Coal Transition: According to EIA data, over 100 coal plants were replaced or converted to gas generators between 2011 and 2020, a trend that not only enhances natural gas's market share but also reflects the proactive progress of the U.S. in energy transition.
- LNG Export Growth: The U.S. has become the world's largest exporter of liquefied natural gas, with export volumes expected to increase significantly by 2030; Shell forecasts that by 2035, feedgas for LNG plants will account for 23% of total U.S. gas production, further solidifying natural gas's position in the global energy market.
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Analyst Views on EQT
Wall Street analysts forecast EQT stock price to rise
19 Analyst Rating
13 Buy
6 Hold
0 Sell
Moderate Buy
Current: 52.480
Low
50.00
Averages
65.18
High
76.00
Current: 52.480
Low
50.00
Averages
65.18
High
76.00
About EQT
EQT Corporation is an integrated natural gas company with upstream, gathering and transmission operations focused on the Appalachian Basin. The Company's segments include Upstream, Gathering and Transmission. The Upstream segment comprises natural gas, natural gas liquids (NGLs) and oil extraction, development and production business and supporting operations. The Gathering segment owns and operates a gathering system, which has extensive overlap with Upstream segment operations and processing facilities. The Transmission segment operates a Federal Energy Regulatory Commission (FERC) regulated interstate transmission and storage system, which has multiple interconnect points to other interstate pipelines and local distribution companies. The Company includes over 28.0 trillion cubic feet equivalent (Tcfe) of proved natural gas, NGLs and oil reserves across approximately 2.3 million gross acres and approximately 2,945 miles of pipeline infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
EQT Corporation Announces Q2 2026 Financial Results Release Schedule
- Earnings Release Schedule: EQT Corporation plans to release its Q2 2026 financial and operating results after market close on July 21, 2026, highlighting its latest developments in natural gas production and midstream operations in the Appalachian Basin.
- Conference Call Timing: The company will host a conference call on July 22, 2026, at 10:00 a.m. ET to review the results and related matters, aiming to provide a transparent communication platform for investors.
- Analyst Q&A Session: Following the discussion, a brief Q&A session will be held specifically for securities analysts, further enhancing interaction and information sharing with investors.
- Investor Relations Website: Investors can access the live audio webcast of the conference call through EQT's investor relations website, with a replay available for one year post-event, ensuring long-term accessibility of information.
See More
Natural Gas Expected to Surpass Oil as Top U.S. Energy Source
- Energy Landscape Shift: EQT CEO Toby Rice indicated that by 2030, natural gas is expected to surpass oil as the primary energy source in the U.S., with natural gas accounting for 36% of energy consumption in 2025 compared to 37% for oil, reflecting a narrowing gap over the past decade and highlighting the growing importance of gas in the energy mix.
- Electricity Demand Surge: The rise of electric vehicles and data centers is significantly boosting electricity demand from gas-fired power plants, while the largest source of domestic oil demand—gasoline—has plateaued, which will further drive the growth of natural gas consumption and solidify its leading position in the energy market.
- Coal Transition: According to EIA data, over 100 coal plants were replaced or converted to gas generators between 2011 and 2020, a trend that not only enhances natural gas's market share but also reflects the proactive progress of the U.S. in energy transition.
- LNG Export Growth: The U.S. has become the world's largest exporter of liquefied natural gas, with export volumes expected to increase significantly by 2030; Shell forecasts that by 2035, feedgas for LNG plants will account for 23% of total U.S. gas production, further solidifying natural gas's position in the global energy market.
See More
EQT Corporation Schedules Q2 2026 Financial Results Release
- Earnings Release Schedule: EQT Corporation plans to release its Q2 2026 financial and operational results after market close on July 21, 2026, highlighting its latest developments in natural gas production and midstream operations in the Appalachian Basin.
- Conference Call Timing: The company will host a conference call on July 22, 2026, at 10:00 a.m. ET to discuss the results and other relevant matters, aiming to provide a transparent communication platform for investors.
- Analyst Q&A Session: Following the discussion, a brief Q&A session will be held specifically for securities analysts, ensuring they gain deeper insights into the company's operational status and future outlook.
- Investor Relations Website: Investors can access the live audio webcast of the conference call via EQT's investor relations website, with a replay available for one year post-event, enhancing investor awareness of company developments.
See More
Americold and EQT Joint Venture Receives FTC Approval
- Joint Venture Approval: The $1.3 billion joint venture between Americold Realty Trust and EQT has received early termination approval from the Federal Trade Commission, marking a significant step in their strategic collaboration in the cold storage sector.
- Transaction Timeline: Initially expected to close in the third quarter of 2026, this approval accelerates the project timeline, enhancing the competitive positioning of both companies in the market.
- Market Reaction: Americold Realty Trust's rating was upgraded to Outperform by Evercore ISI, reflecting increased market confidence in the stability of cold storage real estate investment trusts (REITs).
- Industry Outlook: As demand for cold storage continues to rise, the partnership between Americold and EQT is poised to strengthen their positions in the global market, particularly with potential synergies in natural gas and clean energy sectors.
See More
FERC Approves Construction of Southgate Natural Gas Pipeline in North Carolina
- Project Approval: The U.S. Federal Energy Regulatory Commission (FERC) approved the construction request for the Southgate natural gas pipeline in North Carolina on Wednesday, marking a significant step forward for the project and expected to enhance energy supply capacity in the region.
- Legal Backing: FERC's approval follows a federal appeals court decision denying environmental groups' requests to stay water quality certifications issued by Virginia and North Carolina, demonstrating a solid legal foundation for the project and helping to mitigate future legal challenges.
- Pipeline Extension: The Southgate project represents a 31-mile extension of the existing 304-mile Mountain Valley Pipeline, designed to transport approximately 550 million cubic feet of gas per day, thereby enhancing energy transport capabilities in the region while supporting the main line's capacity of 2 billion cubic feet per day.
- Investor Interest: The project is jointly owned by EQT Corp. and its partners NextEra Energy, AltaGas, and RGC Resources, which is expected to attract increased investor attention and further drive growth in the natural gas market.
See More
EQT Natural Gas Stock Struggles but Holds Significant Potential
- Natural Gas Volatility: Natural gas prices have recently retreated due to rising inventories and declining exports, leading to a 15.1% drop in EQT's stock price for the month ending June 18, which is 25.7% below its 52-week high, reflecting market caution towards natural gas equities.
- Significant Integration Effects: EQT's reintegration of its Equitrans midstream unit has resulted in a 15% reduction in net unit costs, making it a more integrated energy company and enhancing its earnings potential through improved pricing across service areas.
- Efficiency Gains: The company achieved a 13% drop in well costs in the first quarter, generating $1.8 billion in free cash flow during that period, showcasing its production efficiency and bolstering investor confidence in its operational capabilities.
- Rapid Debt Reduction: EQT's outstanding liabilities decreased from $7.7 billion at the end of 2025 to $5.7 billion at the end of the first quarter, a positive trend that supports the company's dividend growth and lays a solid foundation for future financial stability.
See More
EQT Corporation Announces Q2 2026 Financial Results Release Schedule
- Earnings Release Schedule: EQT Corporation plans to release its Q2 2026 financial and operating results after market close on July 21, 2026, highlighting its latest developments in natural gas production and midstream operations in the Appalachian Basin.
- Conference Call Timing: The company will host a conference call on July 22, 2026, at 10:00 a.m. ET to review the results and related matters, aiming to provide a transparent communication platform for investors.
- Analyst Q&A Session: Following the discussion, a brief Q&A session will be held specifically for securities analysts, further enhancing interaction and information sharing with investors.
- Investor Relations Website: Investors can access the live audio webcast of the conference call through EQT's investor relations website, with a replay available for one year post-event, ensuring long-term accessibility of information.
See More
Natural Gas Expected to Surpass Oil as Top U.S. Energy Source
- Energy Landscape Shift: EQT CEO Toby Rice indicated that by 2030, natural gas is expected to surpass oil as the primary energy source in the U.S., with natural gas accounting for 36% of energy consumption in 2025 compared to 37% for oil, reflecting a narrowing gap over the past decade and highlighting the growing importance of gas in the energy mix.
- Electricity Demand Surge: The rise of electric vehicles and data centers is significantly boosting electricity demand from gas-fired power plants, while the largest source of domestic oil demand—gasoline—has plateaued, which will further drive the growth of natural gas consumption and solidify its leading position in the energy market.
- Coal Transition: According to EIA data, over 100 coal plants were replaced or converted to gas generators between 2011 and 2020, a trend that not only enhances natural gas's market share but also reflects the proactive progress of the U.S. in energy transition.
- LNG Export Growth: The U.S. has become the world's largest exporter of liquefied natural gas, with export volumes expected to increase significantly by 2030; Shell forecasts that by 2035, feedgas for LNG plants will account for 23% of total U.S. gas production, further solidifying natural gas's position in the global energy market.
See More
EQT Corporation Schedules Q2 2026 Financial Results Release
- Earnings Release Schedule: EQT Corporation plans to release its Q2 2026 financial and operational results after market close on July 21, 2026, highlighting its latest developments in natural gas production and midstream operations in the Appalachian Basin.
- Conference Call Timing: The company will host a conference call on July 22, 2026, at 10:00 a.m. ET to discuss the results and other relevant matters, aiming to provide a transparent communication platform for investors.
- Analyst Q&A Session: Following the discussion, a brief Q&A session will be held specifically for securities analysts, ensuring they gain deeper insights into the company's operational status and future outlook.
- Investor Relations Website: Investors can access the live audio webcast of the conference call via EQT's investor relations website, with a replay available for one year post-event, enhancing investor awareness of company developments.
See More
Americold and EQT Joint Venture Receives FTC Approval
- Joint Venture Approval: The $1.3 billion joint venture between Americold Realty Trust and EQT has received early termination approval from the Federal Trade Commission, marking a significant step in their strategic collaboration in the cold storage sector.
- Transaction Timeline: Initially expected to close in the third quarter of 2026, this approval accelerates the project timeline, enhancing the competitive positioning of both companies in the market.
- Market Reaction: Americold Realty Trust's rating was upgraded to Outperform by Evercore ISI, reflecting increased market confidence in the stability of cold storage real estate investment trusts (REITs).
- Industry Outlook: As demand for cold storage continues to rise, the partnership between Americold and EQT is poised to strengthen their positions in the global market, particularly with potential synergies in natural gas and clean energy sectors.
See More
FERC Approves Construction of Southgate Natural Gas Pipeline in North Carolina
- Project Approval: The U.S. Federal Energy Regulatory Commission (FERC) approved the construction request for the Southgate natural gas pipeline in North Carolina on Wednesday, marking a significant step forward for the project and expected to enhance energy supply capacity in the region.
- Legal Backing: FERC's approval follows a federal appeals court decision denying environmental groups' requests to stay water quality certifications issued by Virginia and North Carolina, demonstrating a solid legal foundation for the project and helping to mitigate future legal challenges.
- Pipeline Extension: The Southgate project represents a 31-mile extension of the existing 304-mile Mountain Valley Pipeline, designed to transport approximately 550 million cubic feet of gas per day, thereby enhancing energy transport capabilities in the region while supporting the main line's capacity of 2 billion cubic feet per day.
- Investor Interest: The project is jointly owned by EQT Corp. and its partners NextEra Energy, AltaGas, and RGC Resources, which is expected to attract increased investor attention and further drive growth in the natural gas market.
See More
EQT Natural Gas Stock Struggles but Holds Significant Potential
- Natural Gas Volatility: Natural gas prices have recently retreated due to rising inventories and declining exports, leading to a 15.1% drop in EQT's stock price for the month ending June 18, which is 25.7% below its 52-week high, reflecting market caution towards natural gas equities.
- Significant Integration Effects: EQT's reintegration of its Equitrans midstream unit has resulted in a 15% reduction in net unit costs, making it a more integrated energy company and enhancing its earnings potential through improved pricing across service areas.
- Efficiency Gains: The company achieved a 13% drop in well costs in the first quarter, generating $1.8 billion in free cash flow during that period, showcasing its production efficiency and bolstering investor confidence in its operational capabilities.
- Rapid Debt Reduction: EQT's outstanding liabilities decreased from $7.7 billion at the end of 2025 to $5.7 billion at the end of the first quarter, a positive trend that supports the company's dividend growth and lays a solid foundation for future financial stability.
See More
