EQT Secures Exclusive Partnership for Homer City Energy Campus, Boosting Future Revenue Streams

EQT Corporation has secured an exclusive partnership with the Homer City Energy Campus, a 4.4 gigawatt development project transforming Pennsylvania's largest coal-burning power plant into an energy and data hub. EQT will supply natural gas to the project, enhancing its market presence and operational scope, and aligning with the energy transition trends. The partnership complements EQT's existing endeavors and is expected to bolster future revenue and earnings forecasts. Over the past five years, EQT's total shareholder return has been 361.26%.

EQT Corporation (EQT) has secured a significant natural gas supply agreement with Homer City Redevelopment (HCR) for the Homer City Energy Campus, a 4.4 gigawatt development project transforming Pennsylvania's largest former coal plant into an advanced energy and data hub [1]. The agreement, which was announced on July 2, 2025, positions EQT as the exclusive supplier of natural gas for the campus, enhancing its market presence and operational scope [2].

The Homer City Energy Campus, slated to begin power generation in 2027, will feature a 4.4 gigawatt gas-fired power generation facility and an AI-integrated, high-performance computing data center campus spanning 3,200 acres [3]. The project, currently under construction, is designed to meet the needs of innovative technology companies shaping America's digital future [4].

Under the agreement, EQT will supply natural gas via the Texas Eastern Transmission and Eastern Gas Transmission & Storage pipeline systems, ensuring a reliable supply for the campus [1]. The volume of natural gas to be supplied could reach up to 665,000 million British thermal units per day (MMBtu/d), demonstrating the extensive energy requirements of data centers [1].

The partnership aligns EQT with the ongoing energy transition trends, which may bolster future revenue and earnings forecasts. Over the past five years, EQT's total shareholder return has been 361.26%, reflecting strong performance and strategic developments [4].

While EQT is the exclusive supplier of natural gas for the campus, GE Vernova has secured a deal to provide seven high-efficiency 7HA.02 natural gas turbines, crucial for the campus's energy supply infrastructure [1]. The first deliveries are scheduled to begin in 2026.

The project's financing is led by Knighthead Capital Management, LLC, which has had significant equity positions in Homer City for nearly eight years [2]. Kiewit Power Constructors Co., a premier engineering, procurement, and construction (EPC) contractor, is leading construction [2].

References:

[1] https://finance.yahoo.com/news/eqt-secures-major-gas-supply-140600021.html
[2] https://www.marketscreener.com/quote/stock/EQT-CORPORATION-12492/news/Homer-City-Redevelopment-Announces-Agreement-in-Principle-for-EQT-Corporation-to-Supply-Nation-s-Lar-50517485/
[3] https://sg.finance.yahoo.com/news/eqt-secures-major-gas-supply-140600021.html
[4] https://simplywall.st/stocks/us/energy/nyse-eqt/eqt/news/eqt-eqt-secures-major-partnership-to-power-new-44-gigawatt-f