EQT Corporation reported its fourth quarter (Q4) 2025 results, with production sales volume at 609 Bcfe, exceeding the high end of guidance due to strong well performance, system pressure optimization, and lower-than-expected price-related curtailments. Capital expenditures for the quarter were USD 655 million, 4% below the mid-point of guidance, attributed to operational efficiency gains and lower infrastructure spending. Realized pricing differential was USD 0.11 tighter than guidance mid-point, supported by natural gas marketing optimization and curtailment strategy. For the full year (FY) 2025, adjusted EPS was USD 3.50. The company also updated the definition of adjusted net income and EPS beginning in Q1 2025, no longer adjusting for income from investments, distributions from equity method investments, or non-cash interest expense.

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