---
schema_version: "secwatch.filing_event.v1"
accession: "0000033213-23-000025"
form_type: "8-K"
ticker: "EQT"
cik: "0000033213"
company_name: "EQT Corp"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:30:01.063600+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EQT posts Q2 net loss of $67M, retires $800M debt; Tug Hill deal awaits FTC

## Summary
- Q2 net loss attributable to EQT of $67M vs +$891M a year ago; adjusted net loss of $62M vs +$340M.
- Adjusted EBITDA fell to $360M from $943M; free cash flow negative $129M vs positive $543M.
- Retired $800M debt in Q2, totaling $1.9B since Dec 2021; total debt at $4.7B.
- Pending Tug Hill/XcL Midstream acquisition for ~$2.6B cash + 55M shares; closing expected Q3 2023.
- 2023 guidance maintained: 1,900-2,000 Bcfe, capex $1,700-$1,900M; added 2024 hedges at $3.64 floor.

## SEC filing metadata
- accession: 0000033213-23-000025
- form_type: 8-K
- ticker: EQT
- cik: 0000033213
- company_name: EQT Corp
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/33213/000003321323000025/0000033213-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33213/000003321323000025/eqt-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000033213-23-000025
- JSON: https://secwatch.observer/filing/0000033213-23-000025.json
- Plain text: https://secwatch.observer/filing/0000033213-23-000025.txt

## Key facts
- Earnings Releases
  EQT Corp reported second quarter of 2023 results: net income $ (67), EPS $ (0.18).
  - Period: second quarter of 2023
  - Net income: $ (67)
  - EPS: $ (0.18)
  - Result: reported results
  source text: Three Months Ended June 30, ($ millions, except average realized price and EPS) 2023 2022 Change Total sales volume (Bcfe) 471 502 (31) Average realized price ($/Mcfe) $ 2.11 $ 3.21 $ (1.10) Net (loss) income attributable to EQT Corporation $ (67) $ 891 $ (958) Adjusted net (loss) income attributable to EQT (a) $ (62) $ 340 $ (402) Diluted (loss) earnings per share (EPS) $ (0.18) $ 2.19 $ (2.37)
  evidence_url: https://www.sec.gov/Archives/edgar/data/33213/000003321323000025/0000033213-23-000025-index.htm

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