John Ennis's questions to EQT Corp (EQT) leadership • Q4 2024
Question
John Ennis of Texas Capital inquired about how much of the previously discussed completion footage improvement is already in 2025 guidance versus representing potential upside. He also asked about the criteria for shifting back to a sustainable growth strategy.
Answer
President and CEO Toby Rice stated that EQT will be conservative in its efficiency assumptions, with a focus on cost reduction through compression. On growth, Rice reiterated that EQT will only grow to meet tangible, sustainable demand, not just in response to a strong commodity strip. CFO Jeremy Knop added that the industry has learned its lesson from 2021-22 and is now focused on corporate returns and free cash flow.