EQTEQT Corporation

Energy · Oil & Gas Production · NYSE

We are a vertically integrated natural gas company with upstream, gathering and transmission operations focused in the Appalachian Basin. 10-K, Item 1

Employees: 1,523
Headquarters: Canonsburg, PA
CEO: Toby Z. Rice
Next results: around Jan 28, 2027

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What the 10-K filed 2026-02-18 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-19.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

No specific sentence about this in the 10-K.

Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

3 new

Pending cases, settlements and what the company has set aside for them.

New “In addition, during 2025 and 2024, we recognized net expense of approximately $134 million and $18 million, respectively, for loss contingencies related to the Securities Class Action (defined in Note 13 to the Consolidated Financial Statements).”
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“When able, the Company determines an estimate of reasonably possible losses or ranges of reasonably possible losses, whether in excess of any related accrued liability or where there is no accrued liability, for legal proceedings.”
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New “Pursuant to the complaint, the plaintiffs sought compensatory or rescissory damages in an unspecified amount for all damages allegedly sustained by the class as a result of alleged negative impacts to EQT's common stock price in 2018 and 2019.”
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“In the second quarter of 2024, the Company recorded an accrual for estimated loss contingencies related to the Securities Class Action in an amount equal to the settlement offer the Company tendered at the June 2024 Mediation of $17.5 million.”
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New “In the second quarter of 2025, the Company recorded an increase to its accrual for estimated loss contingencies related to the Securities Class Action of $150.0 million, resulting in a total reserve equal to the settlement amount agreed upon at the May 12, 2025 mediation of $167.5 million.”
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Guarantees and indemnities

2 new

Promises to pay someone else's debts or losses if they cannot.

New “In July 2025, the Company issued a performance guarantee of approximately $14.2 million for MVP Southgate.”
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New “In November 2025, the Company issued a performance guarantee of approximately $14.8 million for MVP Boost.”
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Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“The most significant covenants and events of default under our debt agreements relate to maintenance of a debt-to-total capitalization ratio, limitations on transactions with affiliates, insolvency events, nonpayment of scheduled principal or interest payments, acceleration of other financial obligations and change of control provisions.”
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“EQT's revolving credit facility contains financial covenants that require us to have a total debt to total capitalization ratio no greater than 65%.”
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“As of December 31, 2025, we were in compliance with all provisions and covenants under our debt agreements.”
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“The most significant covenants and events of default under EQT's revolving credit facility are the maintenance of a debt-to-total capitalization ratio and limitations on transactions with affiliates.”
Read it in the 10-K ↗

“EQT's revolving credit facility contains financial covenants that require a total debt-to-total capitalization ratio of no greater than 65%.”
Read it in the 10-K ↗

Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

No specific sentence about this in the 10-K.

Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on EQT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/EQT/export.csv") into a cell.