Market Trends & Industry Dynamics - Natural gas prices are currently soft due to disappointing weather and oversupply, but the long-term outlook is strong [2] - The rise of AI is creating major league demand for natural gas [2] - The United States winning the AI race is a significant economic and national security opportunity [4] - Natural gas demand for AI is projected to increase by 10% to almost 20%, representing 10 to 18 BCF (billion cubic feet) per day [7][8] EQT's Strategy & Performance - EQT has transformed into a large-scale integrated natural gas champion over the last 5 years [2] - EQT is positioning itself to meet the growing demand from AI by connecting natural gas supply to power plants [2][5] - EQT has announced over 15 BCF (billion cubic feet) per day of natural gas supply deals to power plants that will feed AI demand [5] - EQT added a power plant in West Virginia that's about 600 MW (megawatts) [6] - EQT believes this is just the beginning and has a robust growth pipeline [5]
EQT CEO Toby Rice: Natural gas demand for AI is a major league opportunity and we're set to deliver