Summary
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. 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.
Key Highlights
- 1EQT Corporation expects a total gain on derivatives of $114 million for Q4 2025.
- 2Net cash settlements received on NYMEX natural gas hedge positions are expected to be $44 million.
- 3Net cash settlements paid on basis and liquids hedge positions amounted to $9 million.
- 4Total net cash settlements received on derivatives for the quarter is projected at $35 million.
- 5Premiums paid for derivatives that settled during Q4 2025 are estimated at $45 million.
- 6The reported figures are preliminary and subject to change pending the Form 10-K filing or earnings release.
Frequently Asked Questions
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.
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.
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.
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.