EQT Corporation reports recurring developments for a vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. Its updates center on natural gas production performance, system optimization, realized pricing, hedging effects, operating costs and capital spending across its upstream and midstream platform.
Company news also includes quarterly earnings releases, annual guidance, proved-reserve updates, free cash flow and debt-reduction commentary, common-stock dividend declarations, credit-rating actions and capital-structure activity involving senior notes.
EQT (NYSE: EQT) reported third-quarter 2026 net income attributable to EQT of $279 million, down from the prior-year quarter. Diluted earnings fell to $0.44 per share from $0.53, while sales volume declined to 583 billion cubic feet equivalent from 634. Operating cash flow rose to $1,083 million from $1,018 million; non-GAAP free cash flow attributable to EQT fell to $283 million from $484 million.
Capital spending was $638 million, 10% below the low end of guidance. Total debt fell to $5.6 billion from $7.8 billion at year-end 2025. EQT announced an acquisition of Range Resources, signed a 10-year liquefied natural gas sales agreement with Ignitis Group and raised its annualized dividend 3% to $0.68 per share. EQT expects fourth-quarter sales of 550–600 billion cubic feet equivalent, including curtailments of 10–20 billion, and maintenance capital spending of $540–$610 million.
EQT (NYSE: EQT) agreed to acquire Range Resources (NYSE: RRC) in an all-stock merger, exchanging 0.987 EQT shares per Range share. Existing EQT shareholders are expected to own approximately 73% of the combined company and Range shareholders approximately 27%. Both boards unanimously approved the agreement. Closing is expected in the first quarter of 2027, subject to regulatory approvals and clearances and both companies' shareholder approvals.
The combined company would have a pro forma enterprise value of more than $50 billion. EQT expects $325 million in base annual synergies within two years, with a pathway to more than $600 million long-term, and projects approximately $20 billion in cumulative free cash flow over the next five years at recent strip pricing. Free cash flow is a non-GAAP measure. EQT's executive team will lead the business; two Range representatives, including Dennis Degner, will join EQT's board at closing.
EQT (NYSE: EQT) declared a quarterly cash dividend of $0.17 per share, payable on December 1, 2026. The dividend represents a three percent increase and brings the annualized regular cash dividend to $0.68 per share. Shareholders of record at the close of business on November 4, 2026, are eligible for payment.
EQT (NYSE: EQT) plans to release its third quarter 2026 financial and operating results after market close on October 27, 2026. A conference call to review results and other relevant matters will begin at 10:00 a.m. ET on October 28, 2026, followed by a brief securities analyst Q&A. The live webcast will be available at ir.eqt.com, where a replay will remain available for one year.
WhiteHawk Minerals (WHK) closed approximately $111.8 million of mineral and royalty acquisitions on September 25, 2026.
The total includes an approximately $105.0 million purchase of Marcellus, Utica and Haynesville Shale natural gas interests from San Jacinto Minerals II. WhiteHawk funded the acquisitions with proceeds from a $50.0 million issuance of newly created Series E preferred stock, closed September 23, and a $75.0 million private placement of Class A common stock, closed September 21. Its reserve-based revolving credit facility’s borrowing capacity increased to $175.0 million after a fall redetermination; the facility remains fully undrawn.
The acquired interests cover approximately 700,000 gross unit acres and 11,810 net royalty acres, normalized to one-eighth, at an average net revenue interest of 0.21%. They include more than 1,700 producing wells, 245 wells in process and permits, and 2,500 undeveloped locations.
WhiteHawk Minerals Corp. (NYSE: WHK) reported second quarter 2026 results and post-IPO growth, signing nine acquisitions of Marcellus, Utica and Haynesville mineral and royalty interests totaling $111.8 million since its June 10, 2026 IPO. These transactions, including about $105 million of assets expected from San Jacinto Minerals II, cover roughly 700,000 gross unit acres and more than 1,700 producing wells.
Second quarter 2026 net production averaged 70.0 MMcfe/d, up 57% year-over-year, with total revenue of $29.1 million and Adjusted EBITDA of $20.7 million. WhiteHawk recorded a net loss of $39.2 million, driven largely by a $21.7 million loss on extinguishment of debt and $15.8 million of non-recurring management and incentive fees linked to its IPO and internalization. Cash Available for Distribution was $17.4 million.
WhiteHawk initiated a quarterly cash dividend of $0.50 per share of Class A common stock ($2.00 annualized) and declared an initial prorated dividend of $0.11 per share, payable August 28, 2026. To fund the acquisitions, the company plans to issue $50.0 million of Series E Preferred Stock, carrying cash dividend rates of 10% to 14% and a minimum 1.05x return of invested capital, alongside cash on hand and borrowings under its undrawn $150 million revolving credit facility. As of June 30, 2026, WhiteHawk reported cash of $13.2 million and total debt of $68.7 million.
EQT (NYSE: EQT) reported second quarter 2026 sales volume of 634 Bcfe, up from 568 Bcfe and above the high end of guidance, driven by strong well performance and lower curtailments. Capital expenditures were $666 million, 9% below the low end of guidance, and per unit operating costs were $1.03/Mcfe, at the low end of guidance.
Net income attributable to EQT was $211 million (diluted EPS $0.34), with adjusted EBITDA of $1.203 billion and free cash flow of $454 million, including $330 million attributable to EQT. The company ended the quarter with $5.7 billion total debt, $5.5 billion net debt and approximately $3.6 billion liquidity.
According to EQT, 2026 production guidance was raised to 2,375–2,450 Bcfe and full-year capital spending reduced by $25 million. The company highlighted a 10-year gas supply deal with CPV, a 5-year LNG offtake SPA starting in 2028, and a $77 million acquisition of Blackline Midstream’s propane terminals.
Infinity Natural Resources (NYSE: INR) appointed Timothy Dugan to its Board of Directors effective July 13, 2026. Dugan brings over 40 years of Appalachian energy leadership, including roles as CEO of Olympus Energy and EVP/COO of CNX Resources, with experience in upstream, midstream and strategic transactions.
EQT (NYSE: EQT) announced that its Board of Directors has declared a quarterly cash dividend of $0.165 per share on its common stock. The dividend is payable on September 1, 2026 to shareholders of record as of the close of business on August 5, 2026.
EQT (NYSE:EQT) will release its second quarter 2026 financial and operating results after market close on Tuesday, July 21, 2026. The company will hold a conference call on Wednesday, July 22, 2026 at 10:00 a.m. ET with a brief Q&A for analysts.
A live audio webcast and a one-year replay will be available on EQT's investor relations website at ir.eqt.com.