secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0000033213-26-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT Q1 net income $1.49B, EPS $2.36; record FCF $1.83B; Fitch upgrade to BBB
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- Net income $1,487M ($2.36 diluted EPS); adjusted EPS $2.33 on revenue from 618 Bcfe sales volume.
- Sales volume 618 Bcfe above high-end guidance; realized price $5.07/Mcfe after hedges.
- Record free cash flow attributable $1,832M; capital expenditures $608M, 4% below guidance low-end.
- Net debt reduced to $5.7B from $7.7B at year-end 2025; Fitch upgraded credit rating to BBB.
- Q2 2026 guidance: sales 570-620 Bcfe (incl. 10-15 Bcfe curtailments); maintenance capex $525-595M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321326000028/0000033213-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321326000028/eqt-20260421.htm
  HTML page:      https://secwatch.observer/filing/0000033213-26-000028

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