A vertically integrated natural gas company, EQT drills for, gathers, and moves natural gas across the Appalachian Basin, serving utilities and industrial buyers with homes' heating and power. It was founded in 1888 as the Equitable Gas Company by inventor George Westinghouse to light Pittsburgh's streets with gas. Today its name, EQT, echoes those "Equitable" roots.
EQT shareholders approve 2020 LTIP amendment adding 34M shares and elect 10 directors at 2026 annual meeting
At the April 14, 2026 annual meeting, EQT shareholders approved the Third Amendment to the 2020 Long-Term Incentive Plan, increasing authorized shares by 34,000,000, eliminating the Equitrans Midstream assumed share pool, and extending the plan term from 2030 to 2036.
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Shareholders elected all 10 director nominees to one-year terms expiring at the 2027 annual meeting, including Vicky A. Bailey, Lee M. Canaan, Frank C. Hu, Dr. Kathryn J. Jackson, Thomas F. Karam, John F. McCartney, Daniel J. Rice IV, Toby Z. Rice, Robert F. Vagt, and Hallie A. Vanderhider.
The say-on-pay resolution for 2025 named executive officer compensation passed with 485,915,092 votes for and 27,460,142 against.
The Third Amendment to the 2020 LTIP was approved with 505,134,172 votes for and 8,208,224 against.
Shareholders ratified Ernst & Young LLP as the independent registered public accounting firm for 2026, with 513,890,206 votes for and 37,546,179 against.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders
EQT expects $238M total loss on derivatives for Q1 2026
Net cash settlements paid on derivatives totaled $304 million for the quarter, including $114 million on NYMEX natural gas hedge positions and $190 million on basis and liquids hedge positions.
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EQT expects to report a total loss on derivatives of $238 million for the three months ended March 31, 2026.
No premiums were paid or received for derivatives that settled during the period.
These amounts are preliminary and subject to change; final results will be reported in the Q1 2026 Form 10-Q or corresponding earnings release.
2.02 Results of Operations and Financial Condition
EQT upsizes tender offer to $1.4B and prices purchase of senior notes
EQT Corporation announced early tender results and upsizing of its tender offer for eight series of senior notes, increasing the aggregate purchase cap from $1.15 billion to $1.4 billion.
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The offer subcap for the 6.375% Senior Notes due 2029, 4.50% Senior Notes due 2029, and 5.00% Senior Notes due 2029 was increased from $750 million to $1.0 billion.
As of the Early Tender Date (March 23, 2026), holders had tendered notes in amounts ranging from 65.5% to 96.0% of each series' outstanding principal.
EQT accepted for purchase $402,349,000 of the 3.900% Senior Notes due 2027 (prorated at 61.3%) and $547,736,000 of the 6.375% Senior Notes due 2029, plus $435,023,000 of the 4.50% Senior Notes due 2029 (prorated at 61.7%).
Payment for accepted notes is expected on March 26, 2026; Citigroup and BofA Securities are lead dealer managers.
8.01 Other Events · 9.01 Financial Statements and Exhibits
EQT commences $1.15B cash tender offer for eight series of senior notes
On March 10, 2026, EQT Corporation commenced a tender offer to purchase up to $1.15 billion aggregate purchase price (excluding accrued interest) of eight series of senior notes due 2027-2031.
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The tender offer includes sub-caps of $400 million for the 3.900% Senior Notes due 2027 and $750 million for the 6.375% Senior Notes due 2029, 4.50% Senior Notes due 2029, and 5.00% Senior Notes due 2029.
The tender offer expires at 5:00 p.m. New York City time on April 8, 2026, unless extended; the early tender date is March 23, 2026, with an early tender premium of $30 per $1,000 principal amount.
EQT also issued a notice of redemption for all of its outstanding 6.500% Senior Notes due 2027, with an outstanding principal amount of $344,921,000 as of March 10, 2026, to be redeemed on March 26, 2026.
The purpose of the tender offer is to reduce EQT's overall debt, and it will be financed with cash on hand and, if necessary, borrowings under its revolving credit facility.
8.01 Other Events · 9.01 Financial Statements and Exhibits
EQT reports Q4 and full-year 2025 results, provides 2026 guidance
Q4 2025 sales volume was 609 Bcfe, above the high end of guidance; full-year sales volume was 2,382 Bcfe.
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Q4 2025 net income attributable to EQT was $677 million, with diluted EPS of $1.08; full-year net income attributable to EQT was $2,039 million, with diluted EPS of $3.31.
Q4 2025 free cash flow attributable to EQT was $744 million; full-year free cash flow attributable to EQT was $2,503 million.
2026 production forecast is 2,275–2,375 Bcfe; maintenance capital spending guidance is $2,070–$2,210 million; projecting ~$3.5 billion of free cash flow attributable to EQT at recent strip pricing.
Proved reserves increased 7% year-over-year to 28.0 Tcfe; PV-10 value of $26 billion at SEC price deck of $3.39 per MMBtu.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits