EQT Signs 20-Year Deal with NextDecade for 1.5 MTPA of LNG from Rio Grande LNG Train 5
EQT Corporation (NYSE: EQT) has entered into a significant 20-year Sale and Purchase Agreement with NextDecade Corporation for 1.5 million tonnes per annum (MTPA) of liquefaction capacity at Rio Grande LNG's Train 5 facility in Texas. The agreement is structured on a free-on-board basis with Henry Hub price indexing, contingent on NextDecade's final investment decision.
This strategic move aligns with EQT's LNG strategy to diversify into global gas markets and drive long-term earnings growth. The company will maintain marketing and optimization control over its cargos, leveraging its position as America's largest natural gas producer with advantages in cost structure, scale, and emissions profile.
EQT Corporation (NYSE: EQT) ha sottoscritto un importante contratto di vendita e acquisto della durata di 20 anni con NextDecade Corporation per 1,5 milioni di tonnellate annue (MTPA) di capacit脿 di liquefazione presso l鈥檌mpianto Train 5 di Rio Grande LNG in Texas. L鈥檃ccordo 猫 strutturato su base franco a bordo (FOB) con indicizzazione al prezzo Henry Hub, condizionato alla decisione finale di investimento da parte di NextDecade.
Questa mossa strategica 猫 coerente con la strategia LNG di EQT, volta a diversificare l鈥檈sposizione nei mercati globali del gas e a sostenere una crescita degli utili a lungo termine. La societ脿 manterr脿 il controllo delle attivit脿 di marketing e ottimizzazione dei propri carichi, sfruttando la sua posizione di maggiore produttore di gas naturale negli Stati Uniti e i vantaggi in termini di struttura dei costi, scala e profilo delle emissioni.
EQT Corporation (NYSE: EQT) ha suscrito un relevante Acuerdo de Venta y Compra por 20 a帽os con NextDecade Corporation para 1,5 millones de toneladas por a帽o (MTPA) de capacidad de licuefacci贸n en la unidad Train 5 de Rio Grande LNG en Texas. El acuerdo est谩 estructurado en base FOB (free-on-board) con indexaci贸n al precio Henry Hub, condicionado a la decisi贸n final de inversi贸n de NextDecade.
Este movimiento estrat茅gico se alinea con la estrategia de GNL de EQT para diversificarse en los mercados globales del gas y fomentar el crecimiento de los ingresos a largo plazo. La compa帽铆a mantendr谩 el control del marketing y la optimizaci贸n de sus cargamentos, aprovechando su posici贸n como el mayor productor de gas natural en Estados Unidos y sus ventajas en coste, escala y perfil de emisiones.
EQT Corporation (NYSE: EQT)電� NextDecade Corporation瓿� 韰嶌偓鞀� Rio Grande LNG鞚� Train 5 鞁滌劋鞐愳劀 鞐瓣皠 150毵� 韱�(MTPA)鞚� 鞎№檾 鞖╇焿鞐� 雽�頃� 20雲� 旮瓣皠鞚� 欷戨寑頃� 毵るГ瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 氤� 瓿勳暯鞚� FOB(Free-On-Board) 臁瓣贝鞐� 項Μ 項堧笇(Henry Hub) 臧�瓴� 鞐半彊 氚╈嫕鞙茧 甑“頇旊悩鞐堨溂氅�, NextDecade鞚� 斓滌 韴瀽 瓴办爼鞐� 霐半澕 氚滍毃霅╇媹雼�.
鞚措矆 鞝勲灥鞝� 瓴办爼鞚� 旮�搿滊矊 臧�鞀� 鞁滌灔鞙茧鞚� 雼り皝頇旍檧 鞛リ赴鞝侅澑 靾橃澋 靹膘灔 齑夓鞚� 氇╉憸搿� 頃橂姅 EQT鞚� LNG 鞝勲灥瓿� 鞚检箻頃╇媹雼�. 須岇偓電� 靹犾爜氍茧焿鞚� 毵堨紑韺� 氚� 斓滌爜頇� 甓岉暅鞚� 鞙犾頃橂┌, 牍勳毄 甑“路攴滊路氚办稖 頂勲頃� 旄‰┐鞐愳劀鞚� 臧曥爯鞚� 臧�歆� 氙戈淡 斓滊寑 觳滌棸臧�鞀� 靸濎偘鞐呾泊搿滌劀鞚� 歆�鞙勲ゼ 頇滌毄頃� 瓿勴殟鞛呺媹雼�.
EQT Corporation (NYSE: EQT) a conclu un important contrat de vente et d鈥檃chat de 20 ans avec NextDecade Corporation portant sur 1,5 million de tonnes par an (MTPA) de capacit茅 de liqu茅faction 脿 l鈥檌nstallation Train 5 de Rio Grande LNG au Texas. L鈥檃ccord est structur茅 en livraison FOB (free-on-board) avec indexation sur le prix Henry Hub, sous r茅serve de la d茅cision finale d鈥檌nvestissement de NextDecade.
Cette initiative strat茅gique s鈥檌nscrit dans la strat茅gie GNL d鈥橢QT visant 脿 se diversifier sur les march茅s mondiaux du gaz et 脿 soutenir la croissance des r茅sultats 脿 long terme. La soci茅t茅 conservera la ma卯trise du marketing et de l鈥檕ptimisation de ses cargaisons, tirant parti de sa position de premier producteur de gaz naturel aux 脡tats-Unis et de ses atouts en termes de structure de co没ts, d鈥櫭ヽhelle et de profil d鈥櫭﹎issions.
EQT Corporation (NYSE: EQT) hat mit der NextDecade Corporation einen bedeutenden 20-j盲hrigen Kaufvertrag 眉ber 1,5 Millionen Tonnen pro Jahr (MTPA) Verfl眉ssigungskapazit盲t f眉r die Train-5-Anlage von Rio Grande LNG in Texas geschlossen. Der Vertrag ist auf Free-on-Board-Basis (FOB) mit Henry-Hub-Preisindexierung strukturiert und h盲ngt von der endg眉ltigen Investitionsentscheidung von NextDecade ab.
Dieser strategische Schritt passt zu EQTs LNG-Strategie, die eine Diversifizierung in globale Gasm盲rkte und ein langfristiges Gewinnwachstum anstrebt. Das Unternehmen beh盲lt die Kontrolle 眉ber Vermarktung und Optimierung seiner Ladungen und nutzt seine Stellung als gr枚脽ter Erdgasproduzent der USA sowie Vorteile bei Kostenstruktur, Skaleneffekten und Emissionsprofil.
- Secured significant 20-year LNG capacity of 1.5 MTPA
- Strategic expansion into growing global gas markets
- Maintains cargo marketing and optimization control
- Agreement provides structuring flexibility and downside protection
- Agreement contingent on NextDecade's final investment decision for Train 5
- Exposure to Henry Hub price fluctuations
Insights
EQT's 20-year LNG deal diversifies revenue streams and positions the company strategically in growing global gas markets.
EQT has secured a 20-year agreement for 1.5 million tonnes per annum (MTPA) of LNG capacity at NextDecade's Rio Grande facility, marking significant progress in the company's global expansion strategy. This long-term deal provides EQT with important end-market diversification beyond domestic natural gas markets, which have historically faced price pressures.
The free-on-board structure indexed to Henry Hub gives EQT valuable marketing flexibility to capture premium pricing in international markets where natural gas typically commands higher prices than in the U.S. By maintaining control over cargo marketing and optimization, EQT preserves downside protection while maximizing upside potential across varying market conditions.
This deal represents EQT's strategic leverage of its competitive advantages - scale (as one of America's largest natural gas producers), low-cost structure, and strong balance sheet - to expand globally. The company is positioning itself within the energy transition narrative by emphasizing natural gas's role in replacing coal internationally, similar to emissions reduction trends in the U.S.
While the agreement remains contingent on NextDecade's final investment decision for Train 5, this partnership enhances EQT's long-term revenue visibility and supports its evolution from a regional producer to a global supplier. For investors, this represents tangible progress in EQT's stated strategy of accelerating long-term earnings growth through international market access.
Toby Z. Rice, EQT President and Chief Executive Officer, commented:
"The execution of this agreement represents continued momentum of EQT's LNG strategy, which is focused on further diversifying the company's end-market exposure into the rapidly growing global gas markets and accelerating long-term earnings growth. Consistent with our existing LNG deals, EQT will market and optimize its own cargos, providing structuring flexibility and downside protection.
Our growing LNG exposure, combined with the unique attributes that have made EQT the supplier of choice for end users of natural gas domestically 鈥� our low-cost structure, unmatched scale and resource depth, investment grade balance sheet, and peer leading emissions profile 鈥� position the company to expand its market reach and become the supplier of choice for end users of natural gas worldwide. We believe the rapidly growing international market will increasingly covet EQT's gas supply to advance economic growth, while replicating America's leading emission reduction progress through the replacement of coal with clean-burning natural gas."
Matt Schatzman, NextDecade Chairman and Chief Executive Officer, added:
"We are pleased to have EQT, one of the largest producers of natural gas in
About EQT Corporation
EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors and communities and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day 鈥� trust, teamwork, heart and evolution are at the center of all we do.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the plans and expectations associated with EQT Corporation's (EQT) SPA with NextDecade for natural gas liquefaction capacity from the Rio Grande LNG facility, including the proposed timing of in-service of Train 5 at the Rio Grande LNG facility, the final scope, infrastructure, and available liquefaction capacity at such facility, and whether Train 5 will be completed at all 鈥� all of which could impact the volume of LNG EQT will receive as set forth in the SPA, if at all.
The forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. EQT has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by EQT. While EQT considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond EQT's control. These risks and uncertainties include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; EQT's ability to appropriately allocate capital and other resources among its strategic opportunities; access to and cost of capital; EQT's hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting, storing and processing natural gas, natural gas liquids and oil; operational risks and hazards incidental to the gathering, transmission and storage of natural gas as well as unforeseen interruptions; cyber security risks and acts of sabotage; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and pipe, sand and water required to execute EQT's exploration and development plans, including as a result of inflationary pressures or tariffs; risks associated with operating primarily in the Appalachian Basin; the ability to obtain environmental and other permits and the timing thereof; construction, business, economic, competitive, regulatory, judicial, environmental, political and legal uncertainties related to the development and construction by EQT or its joint ventures of pipeline and storage facilities and transmission assets and the optimization of such assets; EQT's ability to renew or replace expiring gathering, transmission or storage contracts at favorable rates, on a long-term basis or at all; risks relating to EQT's joint venture arrangements; government regulation or action, including regulations pertaining to methane and other greenhouse gas emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to EQT's business due to recently completed or pending divestitures, acquisitions and other significant strategic transactions. These and other risks and uncertainties are described under the "Risk Factors" section and elsewhere in EQT's Annual Report on Form 10-K for the year ended December 31, 2024 and other documents EQT subsequently files from time to time with the Securities and Exchange Commission. In addition, EQT may be subject to currently unforeseen risks that may have a materially adverse impact on it.
Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, EQT does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.
EQT Corporation Contacts
Investors
颁补尘别谤辞苍听贬辞谤飞颈迟锄
Managing Director, Investor Relations and Strategy
[email protected]
412-445-8454
Media
Amy Rogers
Head of Strategic Communications
[email protected]
410-703-6968
View original content to download multimedia:
SOURCE EQT Corporation
FAQ
What is the size and duration of EQT's LNG agreement with NextDecade?
How will the NextDecade LNG deal affect EQT's market position?
What are the key terms of EQT's Rio Grande LNG agreement?
What is EQT's strategy behind the NextDecade LNG agreement?
Where will EQT's LNG exports come from under this agreement?
