Oct 21 (Reuters) - U.S.-based energy company EQT Corp (EQT.N) , opens new tab beat Wall Street estimates for third-quarter profit on Tuesday, benefiting from higher natural gas prices and sales volumes.

Shares of the company rose 1.9% in extended trading following the results.

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The demand for and output of U.S. natural gas are expected to hit record highs in 2025, according to the Energy Information Administration's Short-Term Energy Outlook.

The energy sector has been benefiting from a rise in demand for natural gas, supported by LNG exports and increasing power consumption due to hotter temperatures as well as data center operations.

EQT also narrowed its full-year sales volume forecast to between 2,325 and 2,375 billion cubic feet equivalent (Bcfe) from its prior view of 2,300 to 2,400 Bcfe.

The company raised its annual liquid sales and ethane sales forecast to the range of 16,400 to 16,700 thousand barrels (Mbbl) and 7,150 to 7,300 Mbbl, respectively.

EQT's average realized price for natural gas was $2.76 per thousand cubic feet equivalent (Mcfe) during the third quarter, compared with $2.38 Mcfe from a year ago.

Total sales volume for the quarter was 634,395 million cubic feet equivalent (MMcfe), compared with 581,414 MMcfe a year earlier.

It expects total sales volume to be between 550 and 600 Bcfe in the October-December quarter.

EQT is predominantly engaged in the exploration and production of natural gas, with a primary emphasis on the Appalachian Basin spanning Ohio, Pennsylvania and West Virginia.

During the third quarter, the company signed LNG offtake agreements for 4.5 million tonnes per annum in aggregate with Sempra, NextDecade and Commonwealth LNG beginning in 2030-2031.

The company reported adjusted profit of 52 cents per share for the quarter ended September 30, above analysts' average estimate of 43 cents per share, according to data compiled by LSEG.

https://www.reuters.com/business/energy/eqt-corp-beats-quarterly-profit-estimates-higher-natural-gas-prices-2025-10-21/