Oct 27, 4:31 PM ET
EQT reported third quarter 2026 results with lower sales volume, net income and per-share earnings than a year earlier. The company also announced its acquisition of Range Resources, and it cut net debt to $5.5 billion from $7.7 billion at the end of 2025.
- Net income attributable to EQT was $279 million, down from $336 million, and diluted EPS was $0.44, down from $0.53.
- Sales volume fell to 583 Bcfe from 634 Bcfe, and free cash flow attributable to EQT was $283 million, down from $484 million.
- Net debt was $5.5 billion at September 30, 2026, compared with $7.7 billion at December 31, 2025.
- The company canceled its third quarter earnings call following the announcement of the Range acquisition.
Read the filing on SEC.gov ↗
Oct 26, 6:17 AM ET
EQT agreed to acquire Range Resources in an all-stock merger, with each Range share exchanged for 0.987 EQT shares and EQT holders owning about 73% of the combined company. The deal is subject to shareholder votes at both companies, regulatory approvals, and other closing conditions, with closing expected in the first quarter of 2027, so the transaction would reshape EQT's ownership and scale if completed.
- Each Range common share converts into 0.987 EQT common shares; EQT holders expected to own about 73% and Range holders about 27%
- Termination fees: Range would pay EQT $423 million and EQT would pay Range $1,148 million in certain circumstances
- Expected to close in the first quarter of 2027; either party may terminate if not completed by October 25, 2027, extendable to April 25, 2028
- Expected annual synergies of $325 million within two years; Range CEO Dennis Degner and one other Range designee to join EQT's board
Read the filing on SEC.gov ↗
Oct 13, 4:20 PM ET
EQT Corporation said it expects to report a total gain on derivatives of $100 million for the three months ended September 30, 2026, including $70 million in net cash settlements received, with $68 million from NYMEX natural gas hedges. The figures are preliminary and will be finalized in the company's Form 10-Q or earnings release, so they give shareholders an early read on hedging results rather than a full picture of operating performance.
- Expected total gain on derivatives of $100 million for the quarter ended September 30, 2026
- Net cash settlements received on derivatives of $70 million, including $68 million on NYMEX natural gas hedges and $2 million on basis and liquids hedges
- No premiums paid or received for derivatives that settled during the period
- Amounts are preliminary and will be reported in the Form 10-Q or corresponding earnings release
Read the filing on SEC.gov ↗
Oct 7, 4:16 PM ET
EQT Corporation set up a commercial paper program on October 7, 2026, allowing it to issue short-term unsecured notes with total outstanding face amount not to exceed $3.5 billion. As of the filing date, the company had not issued any notes under the program, and it plans to keep backstop capacity under its senior unsecured revolving credit facility at least equal to notes outstanding.
- Program cap: $3.5 billion aggregate principal outstanding at any time, unless increased under dealer agreements
- Maturities up to 397 days from issuance; proceeds for general corporate purposes, including capital expenditures and acquisitions
- Senior unsecured revolving credit facility expected to serve as liquidity backstop; no notes issued as of the filing
Read the filing on SEC.gov ↗
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