EQT Reports First Quarter 2026 Results

PITTSBURGH, April 21, 2026 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter of 2026. First Quarter 2026 Results: Production: Sales volume of 618 Bcfe, above the high-end of guidance due to strong well performance, system pressure optimization and exceptional execution during Winter Storm Fern Capital Expenditures: $608 million, 4% below the low-end of guidance, benefiting from operational efficiency gains and lower-than-expected infrastructure spending Realized Pricing: Realized natural gas price of $5.27 and $5.07 per Mcf before and after the effect of NYMEX hedges, respectively Operating Costs: Total per unit operating costs of $1.09 per Mcfe, 2% below the low-end of guidance driven by lower-than-expected SG&A, LOE and O&M Cash Flow: Net cash provided by operating activities of $3,055 million; generated record quarterly free cash flow attributable to EQT(1) of $1,832 million Balance Sheet: Exited the quarter with $6.0 billion total debt and just under $5.7 billion net debt;(1) quickly approaching $5 billion maximum long-term debt target Credit Ratings: Strong financial performance and substantial de-levering drove upgrade to BBB at Fitch President and CEO Toby Z.