EQT Corp 10-Q for FY2026 Q3

EQT Corp (EQT)

10-Q 2026-10-28 For: 2026-09-30

Added on October 28, 2026

About this 10-Q

EQT Corp filed this 10-Q on October 28, 2026, covering the quarter ended September 30, 2026 (FY2026 Q3).

EQT Corporation entered the Range Merger on October 25, 2026, with each Range share convertible into 0.987 EQT shares. Nine-month net income was approximately $1,977 million, or $3.14 per diluted share, versus approximately $1,362 million, or $2.23 per diluted share. AI summary

Headline figures

Quarter ended September 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $1.77B; down 9.6% from $1.96B a year earlier
Net income: $278.69M; down 17.0% from net income of $335.86M a year earlier
Diluted EPS: $0.44; down 17.0% from $0.53 a year earlier

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Pennsylvania						25-0464690
(State or other jurisdiction of incorporation or organization)						(IRS Employer Identification No.)

2200 Energy Drive
Canonsburg, Pennsylvania						15317
(Address of principal executive offices)						(Zip Code)


		Page
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)
	Statements of Condensed Consolidated Operations	3
	Statements of Condensed Consolidated Comprehensive Income	4
	Condensed Consolidated Balance Sheets	5
	Statements of Condensed Consolidated Cash Flows	6
	Statements of Condensed Consolidated Equity	7
	Notes to the Condensed Consolidated Financial Statements	9
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3.	Quantitative and Qualitative Disclosures About Market Ri s k	51
Item 4.	Controls and Procedures	52

PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	52
Item 1A.	Risk Factors	52
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	54
Item 5.	Other Information	54
Item 6.	Exhibits	55

Signatures		56


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025

	(Thousands, except per share amounts)
Operating revenues:
Sales of natural gas, natural gas liquids and oil	$	1,507,808	$	1,677,617	$	6,557,757	$	5,622,843
Gain (loss) on derivatives	100,287		135,784		(93,342)		176,829
Pipeline and other	162,299		145,170		494,655		456,468
Total operating revenues	1,770,394		1,958,571		6,959,070		6,256,140
Operating expenses:
Transportation and processing	370,791		377,133		1,156,147		1,144,458
Production	92,079		98,302		307,573		278,258
Operating and maintenance	60,376		60,302		175,464		161,582
Purchased commodities	8,183		—		8,183		—
Selling, general and administrative	116,083		98,720		318,272		271,770
Depreciation, depletion and amortization	639,783		688,382		1,984,167		1,932,628
(Gain) loss on sale/exchange of long-lived assets	(2,893)		(5,623)		659		(2,402)
Impairment and expiration of leases	6,007		3,476		16,062		9,391
Other operating expenses	20,524		34,669		103,084		226,957
Total operating expenses	1,310,933		1,355,361		4,069,611		4,022,642
Operating income	459,461		603,210		2,889,459		2,233,498
Income from investments	(43,688)		(44,638)		(165,929)		(138,274)
Other income	(780)		(472)		(4,302)		(3,711)
Loss on debt extinguishment	18		1,909		29,887		19,478
Interest expense, net	72,152		109,929		244,381		333,166
Income before income taxes	431,759		536,482		2,785,422		2,022,839
Income tax expense	86,682		129,266		604,967		443,549
Net income	345,077		407,216		2,180,455		1,579,290
Less: Net income attributable to noncontrolling interests	66,386		71,354		203,110		217,142
Net income attributable to EQT Corporation	$	278,691	$	335,862	$	1,977,345	$	1,362,148

Income per share of common stock attributable to EQT Corporation:
Basic:
Weighted average common stock outstanding	625,991		624,532		625,696		607,245
Net income attributable to EQT Corporation	$	0.45	$	0.54	$	3.16	$	2.24
Diluted (Note 10):
Weighted average common stock outstanding	629,172		628,324		628,992		611,427
Net income attributable to EQT Corporation	$	0.44	$	0.53	$	3.14	$	2.23



	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025

	(Thousands)
Net income	$	345,077	$	407,216	$	2,180,455	$	1,579,290
Other comprehensive income, net of tax:
Other postretirement benefits liability adjustment, net of tax benefit (expense) of $38, $54, $(102) and $136	(16)		60		384		151
Comprehensive income	345,061		407,276		2,180,839		1,579,441
Less: Comprehensive income attributable to noncontrolling interests	66,386		71,354		203,110		217,142
Comprehensive income attributable to EQT Corporation	$	278,675	$	335,922	$	1,977,729	$	1,362,299




	September 30, 2026		December 31, 2025

	(Thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	78,715	$	110,795
Accounts receivable (less allowance for credit losses: $5,830 and $3,088)	725,938		1,457,959
Derivative instruments, at fair value	185,211		202,390

Prepaid expenses and other	120,636		124,007
Total current assets	1,110,500		1,895,151

Property, plant and equipment	50,113,651		48,472,497
Less: Accumulated depreciation and depletion	16,446,632		14,914,689
Net property, plant and equipment	33,667,019		33,557,808

Investments in unconsolidated entities	3,960,861		3,630,577
Net intangible assets	189,407		200,486
Goodwill	2,062,462		2,062,462
Other assets	451,610		446,390
Total assets	$	41,441,859	$	41,792,874

LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	507,119
Accounts payable	1,138,859		1,367,431
Derivative instruments, at fair value	62,860		137,299
Accrued interest	82,657		137,505
Other current liabilities	285,515		335,487
Total current liabilities	1,569,891		2,484,841

Revolving credit facility borrowings	333,000		360,000
Senior notes	5,219,552		6,933,209
Deferred income taxes	4,048,587		3,472,010
Asset retirement obligations and other liabilities	1,251,527		1,182,666
Total liabilities	12,422,557		14,432,726

Equity:
Common stock, no par value, shares authorized: 1,280,000, shares issued: 625,547 and 624,076	19,560,596		19,517,761
Retained earnings	5,906,699		4,237,089
Accumulated other comprehensive loss	(1,789)		(2,173)
Total common shareholders' equity	25,465,506		23,752,677
Noncontrolling interests in consolidated subsidiaries	3,553,796		3,607,471
Total equity	29,019,302		27,360,148
Total liabilities and equity	$	41,441,859	$	41,792,874


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			FOR THE TRANSITION PERIOD FROM ___________ TO __________


EQT CORPORATION AND SUBSIDIARIES
STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED)


EQT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)


	Common Stock
	Shares	Amount		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interests in Consolidated Subsidiaries		Total Equity

	(Thousands, except per share amounts)
Balance at July 1, 2025	598,812	$	17,999,758	$	3,425,732	$	(2,230)	$	3,674,590	$	25,097,850
Comprehensive income, net of tax:
Net income				335,862				71,354		407,216
Other postretirement benefits liability adjustment, net of tax benefit of $54						60				60
Dividends ($0.1575 per share)				(98,458)						(98,458)
Share-based compensation plans	23	19,533								19,533




Olympus Energy Acquisition (Note 11)	25,229	1,471,365								1,471,365


Distributions to noncontrolling interests								(107,263)		(107,263)






Balance at September 30, 2025	624,064	$	19,490,656	$	3,663,136	$	(2,170)	$	3,638,681	$	26,790,303

Balance at July 1, 2026	625,513	$	19,529,362	$	5,731,287	$	(1,773)	$	3,604,521	$	28,863,397
Comprehensive income, net of tax:
Net income				278,691				66,386		345,077
Other postretirement benefits liability adjustment, net of tax benefit of $38						(16)				(16)
Dividends ($0.165 per share)				(103,279)						(103,279)
Share-based compensation plans	34	31,234								31,234







Distributions to noncontrolling interests								(117,111)		(117,111)






Balance at September 30, 2026	625,547	$	19,560,596	$	5,906,699	$	(1,789)	$	3,553,796	$	29,019,302


	Three Months Ended September 30, 2026
	Upstream		Gathering		Transmission		Total Segment		Intersegment Eliminations and Other		EQT Corporation

	(Thousands)
Operating revenues:
Sales of natural gas, natural gas liquids and oil	$	1,516,267	$	—	$	—	$	1,516,267	$	(8,459)	$	1,507,808
Gain (loss) on derivatives	104,913		—		—		104,913		(4,626)		100,287
Pipeline and other	8,998		331,728		130,046		470,772		(308,473)		162,299
Total operating revenues	1,630,178		331,728		130,046		2,091,952		(321,558)		1,770,394
Operating expenses (a):
Transportation and processing	688,089		—		—		688,089		(317,298)		370,791
Production	92,079		—		—		92,079		—		92,079
Operating and maintenance	—		40,682		17,870		58,552		1,824		60,376
Purchased commodities	—		—		—		—		8,183		8,183
Selling, general and administrative	62,217		26,169		8,246		96,632		19,451		116,083
Depreciation, depletion and amortization	549,962		56,382		26,110		632,454		7,329		639,783
Gain on sale/exchange of long-lived assets	(2,868)		(9)		—		(2,877)		(16)		(2,893)
Impairment and expiration of leases	6,007		—		—		6,007		—		6,007
Other operating expenses	15,052		39		—		15,091		5,433		20,524
Total operating expenses	1,410,538		123,263		52,226		1,586,027		(275,094)		1,310,933
Operating income (loss)	$	219,640	$	208,465	$	77,820	$	505,925	$	(46,464)	$	459,461


	Three Months Ended September 30, 2025
	Upstream		Gathering		Transmission		Total Segment		Intersegment Eliminations and Other		EQT Corporation

	(Thousands)
Operating revenues:
Sales of natural gas, natural gas liquids and oil	$	1,677,617	$	—	$	—	$	1,677,617	$	—	$	1,677,617
Gain on derivatives	135,784		—		—		135,784		—		135,784
Pipeline and other	2,365		321,152		136,713		460,230		(315,060)		145,170
Total operating revenues	1,815,766		321,152		136,713		2,273,631		(315,060)		1,958,571
Operating expenses (a):
Transportation and processing	691,517		—		—		691,517		(314,384)		377,133
Production	98,302		—		—		98,302		—		98,302
Operating and maintenance	—		44,519		15,783		60,302		—		60,302

Selling, general and administrative	58,579		15,750		8,728		83,057		15,663		98,720
Depreciation, depletion and amortization	601,553		53,642		26,815		682,010		6,372		688,382
Gain on sale/exchange of long-lived assets	(5,589)		(12)		—		(5,601)		(22)		(5,623)
Impairment and expiration of leases	3,476		—		—		3,476		—		3,476
Other operating expenses	(2,409)		4,624		—		2,215		32,454		34,669
Total operating expenses	1,445,429		118,523		51,326		1,615,278		(259,917)		1,355,361
Operating income (loss)	$	370,337	$	202,629	$	85,387	$	658,353	$	(55,143)	$	603,210


	Nine Months Ended September 30, 2026
	Upstream		Gathering		Transmission		Total Segment		Intersegment Eliminations and Other		EQT Corporation

	(Thousands)
Operating revenues:
Sales of natural gas, natural gas liquids and oil	$	6,566,216	$	—	$	—	$	6,566,216	$	(8,459)	$	6,557,757
Loss on derivatives	(88,716)		—		—		(88,716)		(4,626)		(93,342)
Pipeline and other	22,750		1,008,031		432,663		1,463,444		(968,789)		494,655
Total operating revenues	6,500,250		1,008,031		432,663		7,940,944		(981,874)		6,959,070
Operating expenses (a):
Transportation and processing	2,133,775		—		—		2,133,775		(977,628)		1,156,147
Production	307,573		—		—		307,573		—		307,573
Operating and maintenance	—		129,895		43,745		173,640		1,824		175,464
Purchased commodities	—		—		—		—		8,183		8,183
Selling, general and administrative	179,293		66,267		24,285		269,845		48,427		318,272
Depreciation, depletion and amortization	1,721,133		168,331		74,813		1,964,277		19,890		1,984,167
(Gain) loss on sale/exchange of long-lived assets	(33)		(9)		725		683		(24)		659
Impairment and expiration of leases	16,062		—		—		16,062		—		16,062
Other operating expenses	87,148		74		2,250		89,472		13,612		103,084
Total operating expenses	4,444,951		364,558		145,818		4,955,327		(885,716)		4,069,611
Operating income (loss)	$	2,055,299	$	643,473	$	286,845	$	2,985,617	$	(96,158)	$	2,889,459


	Nine Months Ended September 30, 2025
	Upstream		Gathering		Transmission		Total Segment		Intersegment Eliminations and Other		EQT Corporation

	(Thousands)
Operating revenues:
Sales of natural gas, natural gas liquids and oil	$	5,622,843	$	—	$	—	$	5,622,843	$	—	$	5,622,843
Gain on derivatives	176,829		—		—		176,829		—		176,829
Pipeline and other	5,919		976,734		417,567		1,400,220		(943,752)		456,468
Total operating revenues	5,805,591		976,734		417,567		7,199,892		(943,752)		6,256,140
Operating expenses (a):
Transportation and processing	2,086,256		—		—		2,086,256		(941,798)		1,144,458
Production	278,258		—		—		278,258		—		278,258
Operating and maintenance	—		121,425		40,157		161,582		—		161,582

Selling, general and administrative	153,957		44,068		26,254		224,279		47,491		271,770
Depreciation, depletion and amortization	1,685,965		157,098		72,750		1,915,813		16,815		1,932,628
(Gain) loss on sale/exchange of long-lived assets	(2,717)		(12)		349		(2,380)		(22)		(2,402)
Impairment and expiration of leases	9,391		—		—		9,391		—		9,391
Other operating expenses	25,248		14,920		(536)		39,632		187,325		226,957
Total operating expenses	4,236,358		337,499		138,974		4,712,831		(690,189)		4,022,642
Operating income (loss)	$	1,569,233	$	639,235	$	278,593	$	2,487,061	$	(253,563)	$	2,233,498


	September 30,
	2026		2025

	(Thousands)
Total segment assets	$	40,104,353	$	39,852,900
Intersegment eliminations	(203,958)		(246,454)
Unallocated amounts:
Cash and cash equivalents	78,715		235,736

Other property, plant and equipment, at cost less accumulated depreciation	212,960		109,136
Goodwill	830,679		830,679

Other	419,110		413,293
Total assets	$	41,441,859	$	41,195,290


	Nine Months Ended September 30,
	2026		2025

	(Thousands)
Cash paid (received) during the period for:
Interest, net of amount capitalized	$	285,718	$	355,666
Income taxes, net	9,930		(79,001)

Non-cash activity during the period for:
Right-of-use assets obtained in exchange for lease liabilities	$	82,816	$	20,322
Increase in asset retirement costs and obligations	26,633		22,267
Capitalization of non-cash equity share-based compensation	22,573		14,211
Investments in unconsolidated entities	6,015		17,981
Issuance of EQT common stock as consideration for acquisition (Note 11)	—		1,471,365


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025

	(Thousands)
Upstream	$	457,956	$	490,874	$	1,429,637	$	1,349,069
Gathering	151,152		104,998		414,192		263,185
Transmission	5,447		13,000		24,380		35,918
Total segment capital expenditures	614,555		608,872		1,868,209		1,648,172
Other corporate items	23,209		9,021		43,649		20,724
Total capital expenditures	$	637,764	$	617,893	$	1,911,858	$	1,668,896


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025

	(Thousands)
Revenues from contracts with customers:
Upstream sales
Natural gas	$	1,346,005	$	1,514,172	$	6,024,670	$	5,103,327
NGLs	144,954		139,326		454,969		458,246
Oil	25,308		24,119		86,577		61,270
Sales of natural gas, NGLs and oil	1,516,267		1,677,617		6,566,216		5,622,843

Gathering pipeline revenue
Firm reservation fees	179,724		144,259		513,836		480,547
Volumetric-based fees	152,004		176,893		494,195		496,187
Total Gathering pipeline revenue	331,728		321,152		1,008,031		976,734

Transmission pipeline revenue
Firm reservation fees	106,404		101,914		339,251		316,301
Volumetric-based fees	23,642		34,799		93,412		101,266
Total Transmission pipeline revenue	130,046		136,713		432,663		417,567

Intersegment eliminations	(325,757)		(315,070)		(986,087)		(943,873)
Other revenues	8,825		10		8,839		121
Total revenues from contracts with customers (a)	1,661,109		1,820,422		7,029,662		6,073,392

Other sources of revenue:
Gain (loss) on derivatives	100,287		135,784		(93,342)		176,829
Other revenues	8,998		2,365		22,750		5,919
Total other sources of revenue	109,285		138,149		(70,592)		182,748

Total operating revenues	$	1,770,394	$	1,958,571	$	6,959,070	$	6,256,140


	2026 (a)		2027		2028		2029		2030		Thereafter		Total

	(Thousands)
Upstream natural gas sales	$	7,887	$	13,648	$	3,973	$	—	$	—	$	—	$	25,508

Gathering firm reservation fee revenue:
Third-party	22,560		86,615		86,260		86,260		86,260		288,112		656,067
Affiliate	25,464		101,508		97,701		97,701		103,978		1,403,698		1,830,050
Total	48,024		188,123		183,961		183,961		190,238		1,691,810		2,486,117

Gathering revenues from MVCs:
Third-party	25,530		96,894		87,869		76,187		66,445		149,334		502,259
Affiliate	103,571		410,929		412,049		410,930		408,322		1,634,128		3,379,929
Total	129,101		507,823		499,918		487,117		474,767		1,783,462		3,882,188

Transmission firm reservation fee revenue:
Third-party	51,749		178,560		172,626		169,923		166,411		661,778		1,401,047
Affiliate	66,041		262,637		260,777		260,445		260,445		1,704,604		2,814,949
Total	117,790		441,197		433,403		430,368		426,856		2,366,382		4,215,996

Other revenues	2,664		4,358		—		—		—		—		7,022
Total remaining performance obligations	$	305,466	$	1,155,149	$	1,121,255	$	1,101,446	$	1,091,861	$	5,841,654	$	10,616,831


	Gross derivative instruments recorded in the Condensed Consolidated Balance Sheets		Derivative instruments subject to master netting agreements		Margin requirements with counterparties		Net derivative instruments

	(Thousands)
September 30, 2026
Asset derivative instruments, at fair value	$	185,211	$	(37,600)	$	—	$	147,611
Liability derivative instruments, at fair value	62,860		(37,600)		(25,260)		—

December 31, 2025
Asset derivative instruments, at fair value	$	202,390	$	(79,250)	$	—	$	123,140
Liability derivative instruments, at fair value	137,299		(79,250)		(36,810)		21,239


			Fair value measurements at reporting date using:
	Gross derivative instruments recorded in the Condensed Consolidated Balance Sheets		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)

	(Thousands)
September 30, 2026
Asset derivative instruments, at fair value	$	185,211	$	18,012	$	167,199	$	—
Liability derivative instruments, at fair value	62,860		16,860		46,000		—

December 31, 2025
Asset derivative instruments, at fair value	$	202,390	$	43,200	$	159,190	$	—
Liability derivative instruments, at fair value	137,299		39,164		98,135		—


	September 30, 2026				December 31, 2025
	Principal Value		Carrying Value (a)			Principal Value		Carrying Value (a)

	(Thousands)
EQT's revolving credit facility maturing July 23, 2030	$	63,000	$	63,000		$	75,000	$	75,000
Eureka's revolving credit facility maturing November 13, 2027	270,000		270,000			285,000		285,000
EQT's senior notes and debentures:
3.125% notes due May 15, 2026	—		—			392,915		392,409
7.75% debentures due July 15, 2026	—		—			115,000		114,710
6.500% notes due July 1, 2027	—		—			344,921		346,255
3.900% notes due October 1, 2027	533,809		533,314			936,158		934,640
5.700% notes due April 1, 2028	500,000		496,603			500,000		494,905
5.500% notes due July 15, 2028	45,225		45,133			45,225		45,060
5.00% notes due January 15, 2029	318,494		316,946			318,494		316,448
4.50% notes due January 15, 2029	299,560		292,255			734,583		710,802
6.375% notes due April 1, 2029	48,989		49,405			596,725		602,840
7.000% notes due February 1, 2030 (b)	674,800		672,729			674,800		672,263
7.500% notes due June 1, 2030	494,086		517,965			494,086		522,749
4.75% notes due January 15, 2031	1,090,218		1,050,961			1,090,218		1,044,098
3.625% notes due May 15, 2031	435,165		432,004			435,165		431,496
5.750% notes due February 1, 2034	750,000		744,184			750,000		743,589
6.500% notes due July 15, 2048	67,196		68,053			67,196		68,064
Total debt	5,590,542		5,552,552			7,855,486		7,800,328
Less: Current portion of debt (c)	—		—			507,915		507,119
Long-term debt	$	5,590,542	$	5,552,552		$	7,347,571	$	7,293,209


Debt Tranche	Principal		Premiums Paid (Discounts Received)		Accrued but Unpaid Interest		Total Cost

	(Thousands)
6.500% notes due July 1, 2027 (a)	$	344,921	$	5,695	$	5,293	$	355,909
3.900% notes due October 1, 2027 (b)	402,349		(2,350)		7,628		407,627
4.50% notes due January 15, 2029 (b)	435,023		(309)		3,861		438,575
6.375% notes due April 1, 2029 (b)	547,736		17,550		16,974		582,260
3.125% notes due May 15, 2026 (c)	392,915		—		6,139		399,054
7.75% debentures due July 15, 2026 (c)	115,000		—		4,456		119,456
Total	$	2,237,944	$	20,586	$	44,351	$	2,302,881


	September 30, 2026				December 31, 2025
	Ownership Interest		Carrying Value		Ownership Interest		Carrying Value

			(Thousands)				(Thousands)
MVP Joint Venture (a):
MVP A	53.2	%	$	3,266,104	49.3	%	$	3,097,754
MVP B	47.2	%	146,063		47.2	%	42,420
MVP C	53.2	%	406,724		49.3	%	374,629
Total MVP Joint Venture			3,818,891				3,514,803

Laurel Mountain Midstream, LLC (b)	31.0	%	46,814		31.0	%	47,037
Other			47,246				35,724
Total			$	3,912,951			$	3,597,564


	Option Tranche 1		Option Tranche 2		Option Tranche 3
Shares granted	1,216,667		1,216,667		1,216,666
Years to vesting	3		4		5
Stock price at grant date	$	58.64	$	58.64	$	58.64
Strike price	$	90.00	$	95.00	$	100.00





Expected term in years	6.46		6.65		6.81
Grant date fair value per share	$	20.51	$	20.20	$	19.80


	Q4 2026 (a)		Q1 2027		Q2 2027		Q3 2027		Q4 2027
Hedged Volume (MMDth)	108		62		156		174		70
Hedged Volume (MMDth/d)	1.2		0.7		1.7		1.9		0.8



Swaps – Short
Volume (MMDth)	—		—		83		100		45
Avg. Price ($/Dth)	$	—	$	—	$	3.13	$	3.14	$	3.16



Calls – Short
Volume (MMDth)	108		62		73		74		25
Avg. Strike ($/Dth)	$	5.13	$	5.77	$	4.51	$	4.51	$	4.51
Puts – Long
Volume (MMDth)	108		62		73		74		25
Avg. Strike ($/Dth)	$	3.72	$	3.65	$	3.00	$	3.00	$	3.00
Puts – Short
Volume (MMDth)	—		25		73		74		25
Avg. Strike ($/Dth)	$	—	$	2.50	$	2.50	$	2.50	$	2.50


									EQT CORPORATION
									(Registrant)


						By:			/s/ Jeremy T. Knop
									Jeremy T. Knop
									Chief Financial Officer (Principal Financial Officer)


Date:	October 28, 2026
		/s/ Toby Z. Rice
		Toby Z. Rice
		President and Chief Executive Officer (Principal Executive Officer)