EQT outlook raised to positive by S&P on debt reduction

S&P Global Ratings has upgraded EQT Corp.'s outlook from stable to positive, affirming its 'BBB-' issuer credit rating, due to significant debt reduction. The natural gas company has repaid over $8.1 billion in debt since September 2024, lowering its total debt to $5.7 billion by June 2026. This positive outlook is based on expectations that EQT will continue to use free cash flow to reduce debt, aiming for a net debt target of $5 billion by 2027.