secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0000033213-26-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT Q4 2025 net income $677M, adj EPS $0.90; 2026 FCF guidance ~$3.5B
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- Q4 sales volume 609 Bcfe above guidance; capex $655M (4% below midpoint); free cash flow attributable $744M.
- Full year 2025: sales volume 2,382 Bcfe, net income $2.039B, adjusted EBITDA $5.904B, FCF attributable $2.503B.
- 2026 guidance: production 2,275–2,375 Bcfe, maintenance capex $2.07–2.21B, growth capex $580–640M; FCF ~$3.5B at strip.
- Increased MVP ownership from ~49% to ~53% for ~$115M (EQT share); expected close H1 2026.
- Net debt reduced to $7.7B from $9.1B; proved reserves up 7% to 28.0 Tcfe, PV-10 $25.6B at SEC pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321326000012/0000033213-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321326000012/eqt-20260217.htm
  HTML page:      https://secwatch.observer/filing/0000033213-26-000012

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