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Natural Gas Prices Plunge, Dragging Down Second-Quarter Profits for Independent Producers

August 9, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Natural gas prices plummeted in the second quarter, dragging down the financial performance of four large U.S. independent gas-oriented drillers: EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), Range Resources Corporation (NYSE:RRC) (Fort Worth, Texas), Coterra Energy Incorporated (NYSE:CTRA) (Houston, Texas) and Antero Resources Corporation (NYSE:AR) (Denver, Colorado).

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