EQT Corporation (EQT) SEC Filings & Earnings Calls

Preliminary data subject to change; final Q3 results may differ.

“The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change.” · word for word

Commercial paper market access risk; program is new and no notes have been issued yet.

“As of the date of this Current Report on Form 8-K, the Company has not issued any Notes.” · word for word

Commodity price volatility

“Commodity prices were volatile in the first half of 2026 and we expect commodity prices to continue to be volatile” · word for word

Tariff impact on costs and demand

“Tariffs on foreign goods and services could result in other countries instituting tariffs on U.S. goods and services, which could impact the demand for and price of natural gas” · word for word

Legal and environmental reserve exposure

“Other operating expenses increased on an absolute basis for the six months ended June 30, 2026 compared to the same period in 2025 due primarily to increased expense from changes in legal and environmental reserves, including from settlements.” · word for word

Net income declined significantly due to lower realized prices and higher depreciation/impairment.

“Net income attributable to EQT decreased 73% to $211M from $784M in prior year quarter.”

Realized price decline of $0.16/Mcfe year-over-year reflects weaker natural gas pricing environment.

“Average realized price ($/Mcfe) $2.65 vs $2.81 in Q2 2025, a decline of $0.16.”

Preliminary results subject to change; no final Q2 numbers yet

“The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change.” · word for word

Commodity price volatility

“Commodity prices were volatile in the first quarter of 2026 and we expect commodity prices to continue to be volatile for the remainder of 2026” · word for word

Tariff risk

“Tariffs on foreign goods and services could result in other countries instituting tariffs on U.S. goods and services, which could impact the demand for and price of natural gas” · word for word

Curtailment risk

“Our sales volume guidance for the second quarter of 2026 includes approximately 10 Bcfe to 15 Bcfe of strategic curtailments” · word for word

Geopolitical developments and power demand growth create opportunities but also uncertainty.

“Recent geopolitical developments underscore the importance of energy reliability... accelerating power demand growth in the United States – particularly in Appalachia – is creating incremental opportunities” · word for word

Potential dilution from equity compensation plans.

“Increase in shares available for issuance under equity plan by 34M shares.”

Large derivative losses and cash outflows indicate hedging program is generating significant costs, potentially impacting cash flow and earnings.

“Total loss on derivatives of $238M and net cash settlements paid of $304M.”

Debt tender offer reduces leverage but may signal refinancing need.

“Tender offer for multiple series of senior notes; upsizing indicates active debt management.”

Debt refinancing risk if tender offer not fully subscribed; but redemption indicates strong liquidity

“Tender offer for up to $1.15B; redemption of $344.9M notes; no penalties incurred on terminated credit agreement”

Natural gas price sensitivity

“In establishing the 2025 threshold, target, and maximum performance levels for free cash flow per share—a performance measure that is sensitive to changes in natural gas commodity prices—the Committee considered prevailing natural gas commodity market prices at the time the plan was approved.” · word for word

Shareholder dilution from equity plan

“Assuming performance awards pay out at maximum levels, the plan share reserve under the 2020 LTIP, after giving effect to the Third Amendment, is estimated to provide a pool that will last for approximately five years from the Effective Date.” · word for word

Commodity price risk; hedging strategy partially mitigates.

“Increased 2026 hedge percentage from 7% to 25%” · word for word

Winter storm performance could impact operations.

“Winter Storm Fern created extremely challenging weather conditions” · word for word

Preliminary results subject to change; final amounts may differ.

“The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change.” · word for word