J P M O R G A N North America Equity Research 23 June 2026 EQT Corp On the 1Q26 print, EQT maintained its full-year guidance despite meaningfully exceeding volume expectations over the quarter, which would imply a moderation in 2H26 production assuming the midpoint of guidance. That said, we note that the company has historically set conservative targets, and CFO Knop indicated on the 1Q earnings call that it is still too early to revise full-year guidance, noting that if there is a reason to update, they w ...