SPGI · News · 20260814N

Ratings performance

S&P Global Inc. · 2026-08-14 · Importance 17 · Surprise 24

S&P Global Ratings revised EQT Corp.'s outlook from stable to positive while affirming its BBB- credit rating. The action followed EQT's repayment of more than $8.1 billion in debt since its 2024 acquisition of Equitrans Midstream. S&P expects EQT's funds-from-operations-to-debt ratio to improve materially and indicated that the issuer could be upgraded to BBB by late 2027 if deleveraging continues.

Key facts

• S&P Global Ratings said the decision comes as a direct result of EQT paying off over $8.1 billion in debt since its 2024 acquisition of Equitrans Midstream. source
• S&P Global Ratings anticipates EQT's funds-from-operations-to-debt ratio to significantly improve, with a potential upgrade to 'BBB' by late 2027 if the company maintains its deleveraging trajectory. source
• S&P Global Ratings revised EQT Corp's outlook from stable to positive and affirmed its 'BBB-' credit rating. source
• The news digest states the overvaluation is attributed in part to near-term AI-related uncertainty, slower growth expectations, and shifting investor sentiment, particularly in S&P Global's ratings segment. source