EQT Corporation Reports $679 Million Derivative Loss for First Quarter 2025

EQT Corporation announced preliminary financial results for the first quarter of 2025, expecting to record a total loss on derivatives of $679 million for the three-month period ending March 31, 2025. The substantial loss reflects unfavorable market movements impacting the company’s hedging strategies for natural gas and associated products.

In addition to the reported loss, EQT estimates net cash settlements paid on derivatives totaling $92 million for the quarter, broken down as follows:

$43 million in net cash settlements paid on NYMEX natural gas hedge positions

$49 million in net cash settlements paid on basis and liquids hedge positions

EQT noted that there were no premiums paid or received for derivatives that settled during the quarter.

These figures are preliminary and subject to change pending the release of the company's official first-quarter results, which will be included in its upcoming Form 10-Q filing or earnings release.

The company emphasized that the figures disclosed are for informational purposes only and should not be considered filed for liability purposes under the Securities Exchange Act.