EQT Corp 8-K

What Happened

• EQT Corporation (EQT) filed a Form 8-K (Item 2.02) on Jan. 29, 2026 reporting a preliminary total gain on derivatives of $114 million for the three months ended December 31, 2025. The company also reported net cash settlements received on derivatives of $35 million for the same quarter. The filing was signed by CFO Jeremy T. Knop.

Key Details

• Total gain on derivatives (preliminary): $114 million for Q4 2025 (three months ended Dec. 31, 2025).
• Net cash settlements received on derivatives (Q4 2025): $35 million, comprised of:
  • $44 million received on NYMEX natural gas hedge positions
  • $(9) million paid on basis and liquids hedge positions
• Premiums paid for derivatives that settled during the period: $45 million.
• Company states dollar amounts are preliminary and final figures will be reported in its Form 10-K or corresponding earnings release; the 8-K information is not deemed “filed” for certain legal purposes.

Why It Matters

• Derivatives gains and cash settlements directly affect reported earnings and cash flow for the quarter. A $114M derivatives gain increases reported income for Q4 2025, while the $35M net cash received improved cash flow during the period.
• Because amounts are preliminary and subject to change, investors should watch EQT’s upcoming Form 10-K and the company’s earnings release for final, audited figures before drawing conclusions about full-year results or making investment decisions.