---
schema_version: "secwatch.filing_event.v1"
accession: "0000033213-23-000005"
form_type: "8-K"
ticker: "EQT"
cik: "0000033213"
company_name: "EQT Corp"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:20:28.738597+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EQT Q4 2022 adj EPS $0.42, FY free cash flow $1.94B; provides 2023 guidance

## Summary
- Q4 2022 net income $1.714B ($4.28 EPS); adj net income $167M ($0.42 adj EPS).
- FY 2022 adj EBITDA $3.523B, free cash flow $1.939B, net cash from ops $3.466B.
- 2023 guidance: sales volume 1,900-2,000 Bcfe, capex $1.7-1.9B; free cash flow breakeven ~$1.65/MMBtu NYMEX.
- Repurchased 5.9M shares for $200M post-Q4; retired $283M debt in/after Q4; total debt retired >$1.1B since 2022 start.
- Pending Tug Hill/XcL acquisition ($2.6B cash + 55M shares) expected to lower free cash flow breakeven ~$0.15/MMBtu.

## SEC filing metadata
- accession: 0000033213-23-000005
- form_type: 8-K
- ticker: EQT
- cik: 0000033213
- company_name: EQT Corp
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33213/000003321323000005/0000033213-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33213/000003321323000005/eqt-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000033213-23-000005
- JSON: https://secwatch.observer/filing/0000033213-23-000005.json
- Plain text: https://secwatch.observer/filing/0000033213-23-000005.txt

## Key facts
- Earnings Releases
  EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.
  - Period: Three Months Ended December 31, 2022
  - Net income: Net income $ 1,714
  - Result: reported results
  source text: Net income attributable to EQT $ 1,712 $ 1,805 $ (93)
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000003321323000005/0000033213-23-000005-index.htm
- Earnings Releases
  EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.
  - Period: Three Months Ended December 31, 2022
  - Net income: Net income $ 1,714
  - Result: reported results
  source text: 7 $ 2.68 $ 0.19 Net income attributable to EQT $ 1,712 $ 1,805 $ (93) Adjusted net income attributable to EQT (a) $ 167 $ 155 $ 12 Net income $ 1,714 $ 1,806 $ (92) Adjusted EBITDA (a) $ 679 $ 766 $ (87) Diluted earnings per share (EPS) $ 4.28 $ 4.33 $ (0.05) Adjusted EPS (a) $ 0.42 $ 0.37 $ 0.05 Net cash provided by operating activities $ 1,064 $ 1,171 $ (107) Adjusted operating cash flow (a) $ 622 $ 741 $ (119) Capital expenditures, excluding noncontrolling interests $ 396 $ 319 $ 77 Free cash flow (a) $ 226 $ 422 $ (196) (a) A non-GAAP financial measure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000003321323000005/0000033213-23-000005-index.htm
- Earnings Releases
  EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.
  - Period: Three Months Ended December 31, 2022
  - Net income: Net income $ 1,714
  - Result: reported results
  source text: Average realized price ($/Mcfe) $ 2.87 $ 2.68 $ 0.19
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000003321323000005/0000033213-23-000005-index.htm
- Earnings Releases
  EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.
  - Period: Three Months Ended December 31, 2022
  - Net income: Net income $ 1,714
  - Result: reported results
  source text: ept average realized price and EPS) 2022 2021 Change Total sales volume (Bcfe) 459 527 (68) Average realized price ($/Mcfe) $ 2.87 $ 2.68 $ 0.19 Net income attributable to EQT $ 1,712 $ 1,805 $ (93) Adjusted net income attributable to EQT (a) $ 167 $ 155 $ 12 Net income $ 1,714 $ 1,806 $ (92) Adjusted EBITDA (a) $ 679 $ 766 $ (87) Diluted earnings per share (EPS) $ 4.28 $ 4.33 $ (0.05) Adjusted EPS (a) $ 0.42 $ 0.37 $ 0.05 Net cash provided by operating activities $ 1,064 $ 1,171 $ (107) Adjusted operating cash flow (a) $ 622 $ 741 $ (119) Capital expenditures, excluding noncontrolling interests $ 396 $ 319 $ 77 Free cash flow (a) $ 226 $ 422 $ (196) (a) A non-GAAP financial measure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000003321323000005/0000033213-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.