What is the primary driver of the expected gain on derivatives?

The primary driver of the expected $114 million gain on derivatives is the favorable net cash settlements received on EQT's NYMEX natural gas hedge positions, which are projected to be $44 million for the three months ended December 31, 2025.

Are the financial figures reported in this 8-K final?

No, the dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change. The final figures for the three months ended December 31, 2025, will be reported in EQT’s Annual Report on Form 10-K or its corresponding earnings release.

What are the net cash settlement expectations for EQT's derivatives in Q4 2025?

EQT expects to report net cash settlements received on derivatives of $35 million for the fourth quarter of 2025. This is comprised of $44 million received on NYMEX natural gas hedges and $9 million paid on basis and liquids hedges.

What was the cost of premiums paid for derivatives that settled in the quarter?

For the three months ended December 31, 2025, EQT expects to report that $45 million of premiums were paid for derivatives that settled during the period.

EQT 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed January 29, 2026. Cited figures are marked; the original filing is the authoritative source.

EQT Corporation (EQT) has issued an 8-K filing on January 29, 2026, providing preliminary financial insights for the fourth quarter of 2025.

The company anticipates reporting a significant total gain on derivatives of $114 million^a. This gain is primarily driven by favorable net cash settlements received on NYMEX natural gas hedge positions, totaling $44 million. Overall, EQT expects to report net cash settlements received on derivatives of $35 million for the quarter.

02—Key points

Key Highlights

EQT Corporation expects a total gain on derivatives of $114 million for Q4 2025.
Net cash settlements received on NYMEX natural gas hedge positions are expected to be $44 million.
Net cash settlements paid on basis and liquids hedge positions amounted to $9 million.
Total net cash settlements received on derivatives for the quarter is projected at $35 million.
Premiums paid for derivatives that settled during Q4 2025 are estimated at $45 million.
The reported figures are preliminary and subject to change pending the Form 10-K filing or earnings release.

03—Questions

Frequently Asked Questions

What is the primary driver of the expected gain on derivatives?
The primary driver of the expected $114 million gain on derivatives is the favorable net cash settlements received on EQT's NYMEX natural gas hedge positions, which are projected to be $44 million for the three months ended December 31, 2025.
Are the financial figures reported in this 8-K final?
No, the dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change. The final figures for the three months ended December 31, 2025, will be reported in EQT’s Annual Report on Form 10-K or its corresponding earnings release.
What are the net cash settlement expectations for EQT's derivatives in Q4 2025?
EQT expects to report net cash settlements received on derivatives of $35 million for the fourth quarter of 2025. This is comprised of $44 million received on NYMEX natural gas hedges and $9 million paid on basis and liquids hedges.
What was the cost of premiums paid for derivatives that settled in the quarter?
For the three months ended December 31, 2025, EQT expects to report that $45 million of premiums were paid for derivatives that settled during the period.

04—Continue

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