Doug Leggate's questions to EQT (EQT) leadership • Q3 2025
Question
Doug Leggate questioned EQT's marketing optimization performance and confidence in translating domestic success to international LNG marketing, also asking about the priority of net debt reduction versus share buybacks.
Answer
Toby Rice, President and CEO of EQT, highlighted the commercial team's strong results and EQT's competitive scale in LNG. Jeremy Knop, Chief Financial Officer, noted marketing performance correlates with volatility and is in 'early innings' of potential. He reiterated a $5 billion maximum debt target, emphasizing low leverage enables opportunistic buybacks during stock price pullbacks.