EQT SEC Filings

EQT Corporation entered into an agreement for a two-step merger with Range Resources Corporation. Subject to the agreement’s terms and exclusions, each outstanding Range common share is to convert into the right to receive 0.987 EQT common shares, with cash in lieu of fractional shares. Closing is expected in the first quarter of 2027, subject to shareholder, regulatory and other conditions; at closing, EQT shareholders are expected to own approximately 73% and Range shareholders approximately 27% of the combined company on a fully diluted basis.

For the three months ended September 30, 2026, revenue was $1.770 billion and net income attributable to EQT was $278.7 million, versus $1.959 billion and $335.9 million a year earlier. EQT said lower natural gas sales from lower sales volume and lower derivative gains primarily drove the earnings decline. For the first nine months, revenue was $6.959 billion and attributable net income was $1.977 billion, versus $6.256 billion and $1.362 billion in 2025; operating cash flow was $5.186 billion, compared with $4.001 billion.

EQT completed the Blackline Midstream acquisition for approximately $77 million, funded with borrowings under its revolving credit facility, and repaid, redeemed or repurchased $2.238 billion of debt principal in the first nine months. It also established a commercial paper program allowing unsecured notes up to $3.5 billion in aggregate principal outstanding.

EQT Corporation reported third-quarter 2026 results, including sales volume of 583 Bcfe and net income attributable to EQT of $278.7 million, versus $335.9 million a year earlier. Adjusted EBITDA, a non-GAAP measure, was $1.143 billion, compared with $1.328 billion; net cash provided by operating activities was $1.083 billion, versus $1.018 billion. Free cash flow attributable to EQT, also a non-GAAP measure, was $282.6 million, compared with $483.8 million.

Capital expenditures were $638 million, which EQT said was 10% below the low end of guidance. As of September 30, 2026, total debt was $5.6 billion and net debt was $5.5 billion. EQT increased its annualized dividend 3% to $0.68 per share. For the fourth quarter of 2026, it expects sales volume of 550–600 Bcfe and maintenance capital expenditures of $540–$610 million.

EQT announced a proposed strategic acquisition of Range Resources Corporation and signed a 10-year LNG sales agreement with Ignitis Group. It launched an open season for a proposed 42-inch POWER Pipeline connecting Marcellus assets in Pennsylvania with the Clarington hub in Ohio, and contracted for 7 Bcf of Gulf Coast storage capacity; EQT said this would increase its Gulf Coast capacity to up to 11 Bcf.

EQT Corp agreed to combine with Range Resources through a two-step merger, subject to the merger agreement’s conditions. At the first merger’s effective time, each eligible Range common share, including restricted stock awards but excluding defined Excluded Shares, converts into the right to receive 0.987 EQT common shares, with cash in lieu of fractional shares. After closing, EQT’s and Range’s existing shareholders are expected to own approximately 73% and 27%, respectively, of the combined company on a fully diluted basis.

EQT will expand its board to 12 members and appoint Range CEO and President Dennis L. Degner and one Range-selected individual at the effective time, subject to the agreement’s terms. Closing requires both shareholder approvals, listing approval for the EQT shares, antitrust waiting-period clearance, an effective Form S-4 and other conditions. Either party may terminate if the merger is not completed by October 25, 2027; that date automatically extends to April 25, 2028 if specified conditions are met. Under certain termination circumstances, Range owes EQT $423 million, while EQT owes Range $1,148 million.

EQT Corporation agreed to acquire Range Resources Corporation in an all-stock merger. At the effective time, each issued and outstanding share of Range common stock, including Range restricted stock awards but excluding Excluded Shares, is to convert into the right to receive 0.987 shares of EQT common stock, without interest, with cash in lieu of fractional shares. After closing, existing EQT shareholders and Range stockholders are expected to own approximately 73% and 27%, respectively, of the combined company on a fully diluted basis; its pro forma enterprise value is stated as over $50 billion.

The transaction is expected to close during the first quarter of 2027, subject to shareholder approvals, regulatory clearances and other closing conditions. EQT agreed to expand its board to 12 members and appoint Range CEO and President Dennis L. Degner at the effective time, along with a second Range-selected designee subject to EQT’s consent. Either party may terminate if closing has not occurred by October 25, 2027; the deadline automatically extends to April 25, 2028 if all other closing conditions have been satisfied or waived except the condition relating to the absence of a law, injunction, order or decree prohibiting the transaction and the HSR Act Condition. In specified termination circumstances, Range owes EQT $423 million or EQT owes Range $1.148 billion.

EQT Corp expects to report a $100 million total gain on derivatives for the three months ended September 30, 2026. It also expects to report $70 million in net cash settlements received: $68 million from NYMEX natural gas hedge positions and $2 million from basis and liquids hedge positions.

EQT expects to report no premiums paid or received for derivatives that settled during the period. These amounts are preliminary and subject to change; final amounts will be reported in the company’s Quarterly Report on Form 10-Q for the period or in the corresponding earnings release.

EQT Corporation established a commercial paper program on October 7, 2026, under which it may issue short-term, unsecured notes with aggregate face or principal amount outstanding capped at $3.5 billion at any time, unless increased under the dealer agreements. EQT had not issued any notes as of October 7, 2026.

Net proceeds are expected to fund general corporate purposes, including working capital, capital expenditures, acquisitions and repayment of other indebtedness. Notes may be sold at a discount from par or at par, with interest rates set at issuance, and maturities may not exceed 397 days. EQT expects its senior unsecured revolving credit facility to serve as a liquidity backstop and intends to maintain available capacity at least equal to the principal amount of notes outstanding.

EQT Corp director John McCartney acquired 48 deferred stock units on October 1, 2026, as a compensation-related award. Each unit is the economic equivalent of one EQT common share, and the units represent compensation deferred until termination of director service. The transaction lists $48.56 per share; McCartney’s reported resulting position was 9,122 deferred stock units, including accrued dividends.

EQT Corp director Daniel J. Rice IV acquired 592 deferred stock units on October 1, 2026, at a reported price of $48.56 per unit. Each unit is the economic equivalent of one share of EQT common stock. The units represent compensation deferred until termination of service as a director. His reported direct holding after the transaction was 31,767 deferred stock units, including accrued dividends.

EQT Corp (EQT) reported that its President & CEO, Toby Z. Rice, sold 175,328 shares of common stock on August 14, 2026. The shares were sold at a weighted average price of $55.03 per share in open-market transactions under a Rule 10b5-1 trading plan adopted on March 6, 2026. Following these sales, Rice directly holds 2,157,865 shares of EQT common stock, which the company notes include accrued dividends.