EQT Corp 8-K

What Happened
EQT Corporation (EQT) filed a Form 8-K on April 14, 2026 (Item 2.02) saying it expects to report a total loss on derivatives of $238 million for the three months ended March 31, 2026. The company also expects to report net cash settlements paid on derivatives totaling $304 million for the quarter.

Key Details

• Total loss on derivatives: $238 million for the quarter ended March 31, 2026.
• Net cash settlements paid on derivatives (Three months ended March 31, 2026):
  • NYMEX natural gas hedge positions: $(114) million
  • Basis and liquids hedge positions: $(190) million
  • Total net cash settlements: $(304) million
• No premiums were paid or received for derivatives that settled during the period.
• Amounts are preliminary and subject to change; final figures will be reported in EQT’s Form 10-Q or corresponding earnings release. Report signed by CFO Jeremy T. Knop.

Why It Matters
Derivatives gains or losses and associated cash settlements can materially affect reported quarterly results, cash flow and near-term liquidity. These preliminary figures suggest the company will record a sizable derivatives-related loss and significant cash outflows for Q1 2026; investors should review EQT’s upcoming 10-Q and earnings release for final amounts and management commentary on hedging strategy and financial impact.