April 23 (Reuters) -

EQT Corp ( EQT ) cut its full-year sales volume outlook on

Tuesday as natural gas producers look to curb production to

combat falling gas prices.

The company now sees full-year sales volume between 2,100

billions of cubic feet equivalent (bcfe) to 2,200 bcfe from

previously forecast range of between 2,200 bcfe and 2,300 bcfe.

Natural gas prices have fallen 20.4% in the first

quarter of 2024 compared with the year-ago quarter as high

inventory combined with lackluster demand resulted in natural

gas producers such as EQT disclosing plans to curtail

production.

Peers, including Coterra Energy ( CTRA ) and Antero

Resources ( AR ), had disclosed plans to cut down production to

combat falling gas prices.

EQT also reported a slump in net income attributable to

company to $103 million from $1.22 billion in the year-ago

quarter.

Separately, earlier this month the company sold 40% of

interest in its non-operated natural gas assets in northeast

Pennsylvania to Equinor USA in exchange for Equinor's onshore

asset in the Appalachian basin and $500 million in cash, with

the deal expected to close later this year.