EQT能源 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDED MARCH31, 2026 or☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROM__________ TO__________ COMMISSION FILE NUMBER: 001-03551 EQT CORPORATION(Exact name of registrant as specified in its charter) 25-0464690 Pennsylvania (IRS Employer Identification No.) (State or other jurisdiction of incorporation or organization) (412) 553-5700(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered EQT New York Stock Exchange Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company.See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule12b-2 of theExchange Act. Accelerated filerSmaller reporting companyEmerging growth company Large accelerated filer Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ The number of shares of common stock, no par value, of the registrant outstanding (in thousands) as of April14, 2026: 625,478 TABLE OF CONTENTS PagePART I. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Statements of Condensed Consolidated Operations3Statements of Condensed Consolidated Comprehensive Income4Condensed Consolidated Balance Sheets5Statements of Condensed Consolidated Cash Flows6Statements of Condensed Consolidated Equity7Notes to the Condensed Consolidated Financial Statements8Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations24Item 3.Quantitative and Qualitative Disclosures About Market Risk37Item 4.Controls and Procedures38 PART II. OTHER INFORMATIONItem 1.Legal Proceedings39Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40Item 5.Other Information40Item 6.Exhibits41Signatures42 EQT CORPORATION AND SUBSIDIARIESSTATEMENTS OF CONDENSED CONSOLIDATED COMPREHENSIVE INCOME (UNAUDITED) EQT CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) EQT CORPORATION AND SUBSIDIARIESSTATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (UNAUDITED) EQT CORPORATION AND SUBSIDIARIESSTATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED) The accompanying notes are an integral part of these Condensed Consolidated Financial Statements. EQT CORPORATION AND SUBSIDIARIESNOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1.Financial Statements Nature of Operations.EQT Corporation is an integrated natural gas company with upstream, gathering and transmission operationsfocused in the Appalachian Basin. In this Quarterly Report on Form10-Q, references to "EQT" refer to EQT Corporation and references to the "Company" refer to EQTCorporation and its consolidated subsidiaries, collectively, in each case unless otherwise noted or indicated. Basis of Presentation.The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordancewith United States generally accepted accounting principles (GAAP) for interim financial information and with the requirements ofForm10-Q and Article10 of Regulation S-X. Accordingly, they do not include all information and notes required by GAAP forcomplete financial statements. In the opinion of management, these statements include all adjustments (consisting of only normalrecurring accruals unless otherwise disclosed in this Quarterly Report on Form10-Q) necessary for a fair presentation of theCompany's financial position as of March31, 2026 and December31, 2025 and results of operations, cash flows and changes in equityfor the three months ended March31, 2026 and 2025. The Condensed Consolidated Balance Sheet at December31, 2025 has been derived