EQT Corp (EQT) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that EQT Corp surfaced in its latest filing.

• Impairment and expiration of leases of $51.2 million for the year ended December 31, 2025.December 31, 2025
• Approximately 5% of net undeveloped acres are subject to leases that could expire over the next three years as of December 31, 2025.December 31, 2025
• Daily spot prices for NYMEX Henry Hub natural gas ranged from a high of $9.86 per MMBtu to a low of $2.65 per MMBtu between January 1, 2025 and December 31, 2025.December 31, 2025
• Daily spot prices for NYMEX WTI oil ranged from a high of $80.73 per barrel to a low of $55.44 per barrel between January 1, 2025 and December 31, 2025.December 31, 2025
• As of December 31, 2025, the company had $7.8 billion of debt outstanding.December 31, 2025
• Senior notes rated Baa3 by Moody's, BBB- by S&P, and BBB- by Fitch, each with Stable outlook as of February 11, 2026.February 11, 2026
• As of December 31, 2025, approximately 95% of the Transmission segment's contracted firm transmission capacity was subscribed under negotiated rate agreements.December 31, 2025
• FERC can impose civil penalties up to approximately $1.6 million per violation per day as of February 11, 2026.February 11, 2026
• In February 2026, the EPA issued a final rule to rescind the Endangerment Finding, the foundation for regulating GHG emissions under the CAA.February 2026
• The United States withdrew from the Paris Agreement in January 2026.January 2026
• The company published its Debt Retirement Plan in 2024 and updated it in 2025.2025
• MVP Mainline experienced significantly increased costs and delayed targeted in-service dates due to regulatory approval challenges.
• MVP Southgate's originally certificated project experienced significant delays and losses of critical authorizations.
• The MVP Joint Venture has become subject to consent orders and agreements relating to integrity matters.
• Ongoing litigation or adverse court rulings may affect the company, including with respect to MVP Mainline, MVP Southgate, or other expansions.
• The continuing armed conflict between Russia and Ukraine and associated economic sanctions on Russia.