Form 8-K

8-K — EQT Corp

Accession: 0000033213-26-000028

Filed: 2026-04-21

Period: 2026-04-21

CIK: 0000033213

SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — eqt-20260421.htm (Primary)

EX-99.1 (ex9913312026earningsrelease.htm)

GRAPHIC (eqtfullcolorlogojpg.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: eqt-20260421.htm · Sequence: 1

eqt-20260421

0000033213false00000332132026-04-212026-04-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 21, 2026

EQT CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania 001-3551 25-0464690

(State or other jurisdiction

of incorporation) (Commission

File Number) (IRS Employer

Identification No.)

625 Liberty Avenue, Suite 1700

Pittsburgh, Pennsylvania 15222

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (412) 553-5700

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered

Common Stock, no par value EQT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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 revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 2.02. Results of Operations and Financial Condition.

Today, EQT Corporation ("EQT") issued a news release announcing its first quarter 2026 earnings. A copy of EQT's news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The information provided in this Item 2.02, including the accompanying Exhibit 99.1, shall be deemed "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be incorporated by reference in any filing made by EQT pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

99.1

News Release, dated April 21, 2026, issued by EQT Corporation (furnished solely for purposes of Item 2.02 of this Form 8-K)

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EQT CORPORATION

(Registrant)

By: /s/ Jeremy T. Knop

Jeremy T. Knop

Chief Financial Officer

Date: April 21, 2026

EX-99.1

Filename: ex9913312026earningsrelease.htm · Sequence: 2

Document

EQT Reports First Quarter 2026 Results

PITTSBURGH, April 21, 2026 -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter of 2026.

First Quarter 2026 Results:

•Production: Sales volume of 618 Bcfe, above the high-end of guidance due to strong well performance, system pressure optimization and exceptional execution during Winter Storm Fern

•Capital Expenditures: $608 million, 4% below the low-end of guidance, benefiting from operational efficiency gains and lower-than-expected infrastructure spending

•Realized Pricing: Realized natural gas price of $5.27 and $5.07 per Mcf before and after the effect of NYMEX hedges, respectively

•Operating Costs: Total per unit operating costs of $1.09 per Mcfe, 2% below the low-end of guidance driven by lower-than-expected SG&A, LOE and O&M

•Cash Flow: Net cash provided by operating activities of $3,055 million; generated record quarterly free cash flow attributable to EQT(1) of $1,832 million

•Balance Sheet: Exited the quarter with $6.0 billion total debt and just under $5.7 billion net debt;(1) quickly approaching $5 billion maximum long-term debt target

•Credit Ratings: Strong financial performance and substantial de-levering drove upgrade to BBB at Fitch

President and CEO Toby Z. Rice stated, "EQT delivered outstanding operational and financial performance in the first quarter, generating record free cash flow while continuing to strengthen our balance sheet. These results demonstrate the power of our low-cost, integrated platform and highlight how our peer-leading breakeven positions us to thrive across commodity cycles."

Rice continued, "Recent geopolitical developments underscore the importance of energy reliability, as global markets increasingly prioritize dependable supply. At the same time, accelerating power demand growth in the United States – particularly in Appalachia – is creating incremental opportunities in our backyard. Whether through our long-term LNG contracts or our ability to serve power demand domestically, EQT is uniquely positioned to benefit from these dynamics and deliver durable free cash flow growth for years to come."

(1)A non-GAAP financial measure. See the Non-GAAP Disclosures section of this news release for the definition of, and other important information regarding, this non-GAAP financial measure.

First Quarter 2026 Financial and Operational Performance

Three Months Ended

March 31,

2026 2025 Change

(Millions, unless otherwise noted)

Total sales volume (Bcfe) 618 571 47

Average realized price ($/Mcfe) $ 5.08 $ 3.77 $ 1.31

Net income attributable to EQT $ 1,487 $ 242 $ 1,245

Adjusted net income attributable to EQT (a)

$ 1,465 $ 713 $ 752

Diluted income per share (EPS) $ 2.36 $ 0.40 $ 1.96

Adjusted EPS (a)

$ 2.33 $ 1.18 $ 1.15

Net income $ 1,554 $ 315 $ 1,239

Adjusted EBITDA (a)

$ 2,679 $ 1,781 $ 898

Adjusted EBITDA attributable to EQT (a)

$ 2,547 $ 1,644 $ 903

Net cash provided by operating activities $ 3,055 $ 1,741 $ 1,314

Adjusted operating cash flow (a) $ 2,581 $ 1,667 $ 914

Adjusted operating cash flow attributable to EQT (a) $ 2,450 $ 1,531 $ 919

Capital expenditures $ 608 $ 497 $ 111

Capital contributions to equity method investments $ 28 $ 18 $ 10

Free cash flow (a)

$ 1,945 $ 1,151 $ 794

Free cash flow attributable to EQT (a) $ 1,832 $ 1,036 $ 796

(a)A non-GAAP financial measure. See the Non-GAAP Disclosures section of this news release for the definition of, and other important information regarding, this non-GAAP financial measure.

Per Unit Operating Costs

The following table presents certain of the Company's consolidated operating costs on a per unit basis.(a)

Three Months Ended

March 31,

2026 2025

($/Mcfe)

Gathering $ 0.09 $ 0.08

Transmission 0.43 0.44

Processing 0.13 0.14

Lease operating expense (LOE) 0.09 0.07

Production taxes 0.10 0.08

Operating and maintenance (O&M) 0.09 0.08

Selling, general and administrative (SG&A) 0.16 0.16

Operating costs $ 1.09 $ 1.05

Production depletion $ 0.92 $ 0.95

(a)References in this release to the "Company" refer to EQT Corporation together with its consolidated subsidiaries. As used throughout this release, per unit operating costs reflect, for each period presented, the consolidated amount of such operating cost for the Company (aggregated irrespective of business segment) divided by total sales volume (Mcfe).

Gathering expense per Mcfe increased due primarily to higher volumes gathered by third parties from wells turned-in-line since the first quarter of 2025.

Transmission expense per Mcfe decreased due primarily to higher sales volume, partly offset by additional short-term capacity on the Mountain Valley Pipeline (MVP Mainline) and higher rates for capacity on the Rockies Express Pipeline.

LOE per Mcfe increased due primarily to costs from the upstream and midstream assets acquired by the Company in July 2025 from Olympus Energy LLC, Hyperion Midstream LLC and Bow & Arrow Land Company LLC as well as higher water handling and disposal costs and higher winter maintenance costs.

Production tax expense per Mcfe increased due primarily to higher severance taxes driven by higher sales volumes and higher sales prices.

Liquidity

As of March 31, 2026, the Company had no borrowings outstanding under EQT Corporation's $3.5 billion revolving credit facility. Total liquidity, excluding available capacity under Eureka Midstream, LLC's (Eureka) revolving credit facility, as of March 31, 2026 was approximately $3.8 billion.

As of March 31, 2026, total debt and net debt(1) were $6.0 billion and $5.7 billion, respectively, compared to $7.8 billion and $7.7 billion, respectively, as of December 31, 2025.

(1)A non-GAAP financial measure. See the Non-GAAP Disclosures section of this news release for the definition of, and other important information regarding, this non-GAAP financial measure.

Second Quarter 2026 Outlook

The Company expects total sales volume of 570 – 620 Bcfe in the second quarter of 2026, which includes the impact of 10 – 15 Bcfe of strategic curtailments. The Company expects maintenance capital expenditures of $525 – $595 million and growth capital expenditures of $210 – $235 million in the second quarter of 2026. Second quarter capital expenditures are expected to represent the peak for the year, driven primarily by the timing of growth project spend, with capital levels anticipated to decline in the second half of 2026. The Company plans to turn-in-line (TIL) 30 – 45 net wells in the second quarter of 2026.

2026 Guidance

Production Q2 2026 Full Year 2026

Total sales volume (Bcfe) 570 – 620 2,275 – 2,375

Liquids sales volume, excluding ethane (Mbbl) 3,350 – 3,550 13,500 – 14,300

Ethane sales volume (Mbbl) 1,650 – 1,800 6,500 – 6,900

Total liquids sales volume (Mbbl) 5,000 – 5,350 20,000 – 21,200

Btu uplift (MMBtu/Mcf) 1.050 – 1.060 1.050 – 1.060

Average Differential ($/Mcf, including basis hedges) ($0.75) – ($0.65) ($0.55) – ($0.35)

Resource Counts

Top-hole rigs 3 – 4 2 – 3

Horizontal rigs 3 – 4 2 – 3

Frac crews 2 – 3 2 – 3

Third-party Midstream Revenue ($ Millions) $130 – $160 $600 – $700

Per Unit Operating Costs ($/Mcfe)

Gathering $0.07 – $0.09 $0.08 – $0.10

Transmission $0.41 – $0.43 $0.43 – $0.45

Processing $0.10 – $0.12 $0.11 – $0.13

LOE $0.11 – $0.13 $0.10 – $0.12

Production taxes $0.06 – $0.08 $0.07 – $0.09

O&M $0.09 – $0.11 $0.09 – $0.11

SG&A $0.19 – $0.21 $0.19 – $0.21

Operating costs $1.03 – $1.17 $1.07 – $1.21

Equity Method Investments and Midstream JV Noncontrolling Interest ($ Millions)

Distributions from Mountain Valley Pipeline, LLC (the MVP Joint Venture) and Laurel Mountain Midstream, LLC (LMM) $65 – $75 $215 – $240

Distributions to PipeBox LLC (the Midstream JV) Noncontrolling Interest (a) $125 – $140 $420 – $460

Capital Expenditures and Capital Contributions ($ Millions)

Upstream maintenance $400 – $450 $1,645 – $1,735

Midstream maintenance $75 – $85 $220 – $250

Corporate and capitalized costs $50 – $60 $205 – $225

Total maintenance capital expenditures $525 – $595 $2,070 – $2,210

Growth capital expenditures $210 – $235 $580 – $640

Capital contributions to equity method investments (b) $25 – $35 $70 – $80

(a)Assumes Midstream JV cash distributions of 60% to third-party noncontrolling interest.

(b)Includes capital contributions to the MVP Joint Venture (including to Series A of Mountain Valley Pipeline, LLC for MVP Mainline, Series B of Mountain Valley Pipeline, LLC for MVP Southgate and Series C of Mountain Valley Pipeline, LLC for MVP Boost) and LMM.

First Quarter 2026 Earnings Webcast Information

The Company's conference call with securities analysts begins at 10:00 a.m. ET on Wednesday April 22, 2026 and will be broadcast live via webcast. An accompanying presentation is available on the Company's investor relations website, www.ir.eqt.com, under "Events & Presentations." To access the live audio webcast, visit the Company's investor relations website. A replay will be archived and available for one year in the same location after the conclusion of the live event.

Hedging (as of April 14, 2026)

The following table summarizes the approximate volume and prices of the Company's NYMEX hedge positions. The difference between the fixed price and NYMEX price is included in average differential presented in the Company's price reconciliation.

Q2 2026 (a) Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027

Hedged Volume (MMDth) 127 125 108 48 38 39 13

Hedged Volume (MMDth/d) 1.4 1.4 1.2 0.5 0.4 0.4 0.1

Calls – Short

Volume (MMDth) 127 125 108 48 38 39 13

Avg. Strike ($/Dth) $ 4.94 $ 4.94 $ 5.13 $ 6.21 $ 4.90 $ 4.90 $ 4.90

Puts – Long

Volume (MMDth) 127 125 108 48 38 39 13

Avg. Strike ($/Dth) $ 3.50 $ 3.50 $ 3.72 $ 3.81 $ 3.00 $ 3.00 $ 3.00

Puts – Short

Volume (MMDth) — — — 11 38 39 13

Avg. Strike ($/Dth) $ — $ — $ — $ 2.50 $ 2.50 $ 2.50 $ 2.50

(a)April 1 through June 30.

The Company also entered into derivative instruments to hedge basis. The Company may use other contractual agreements to implement its commodity hedging strategy from time to time.

Non-GAAP Disclosures

This news release includes the non-GAAP financial measures described below. These non-GAAP measures are intended to provide additional information only and should not be considered as alternatives to, or more meaningful than, net income attributable to EQT Corporation, diluted EPS, net income, net cash provided by operating activities, total Upstream operating revenues, total debt, or any other measure calculated in accordance with GAAP. Certain items excluded from these non-GAAP measures are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital, tax structure, and historic costs of depreciable assets.

Adjusted Net Income Attributable to EQT and Adjusted EPS

Adjusted net income attributable to EQT is defined as net income attributable to EQT Corporation, excluding (gain) loss on sale/exchange of long-lived assets, impairments, the revenue impact of changes in the fair value of derivative instruments prior to settlement and certain other items that the Company's management believes do not reflect the Company's core operating performance. Adjusted EPS is defined as adjusted net income attributable to EQT divided by diluted weighted average common shares outstanding.

The Company's management believes that adjusted net income attributable to EQT and adjusted EPS provide useful information to investors regarding the Company’s financial condition and results of operations because it helps facilitate comparisons of operating performance and earnings trends across periods by excluding the impact of items that, in their opinion, do not reflect the Company’s core operating performance. For example, adjusted net income attributable to EQT and adjusted EPS reflect only the impact of settled derivative contracts; thus, the measures exclude the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement.

The table below reconciles adjusted net income attributable to EQT and adjusted EPS with net income attributable to EQT Corporation and diluted EPS, respectively, the most comparable financial measures calculated in accordance with GAAP, each as derived from the Statements of Condensed Consolidated Operations to be included in EQT Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

Three Months Ended

March 31,

2026 2025

(Thousands, except per share amounts)

Net income attributable to EQT Corporation $ 1,487,229 $ 242,139

(Deduct) add:

(Gain) loss on sale/exchange of long-lived assets (25) 231

Impairment and expiration of leases 3,823 2,661

Loss on derivatives 238,269 678,919

Net cash settlements paid on derivatives (303,662) (91,986)

Other expenses (a) 2,736 6,626

Loss on debt extinguishment 29,528 11,680

Tax impact of non-GAAP items (b) 6,916 (137,060)

Adjusted net income attributable to EQT $ 1,464,814 $ 713,210

Diluted weighted average common shares outstanding 629,209 602,838

Diluted EPS $ 2.36 $ 0.40

Adjusted EPS $ 2.33 $ 1.18

(a)Consists primarily of transaction costs associated with acquisitions and other strategic transactions as well as costs related to exploring new venture opportunities.

(b)The tax impact of non-GAAP items represents the incremental tax expense/benefit that would have been incurred by the Company had these items been excluded from net income attributable to EQT Corporation. This approach resulted in a blended tax rate of 23.6% and 22.5% for the three months ended March 31, 2026 and 2025, respectively. The blended tax rates differ from the Company's statutory tax rate due primarily to state taxes, including valuation allowances limiting certain state tax benefits.

Adjusted EBITDA, Adjusted EBITDA Attributable to Noncontrolling Interests and Adjusted EBITDA Attributable to EQT

Adjusted EBITDA is defined as net income excluding net interest expense, income tax expense, depreciation, depletion and amortization, (gain) loss on sale/exchange of long-lived assets, impairments, the revenue impact of changes in the fair value of derivative instruments prior to settlement and certain other items that the Company's management believes do not reflect the Company's core operating performance. Adjusted EBITDA attributable to EQT is defined as adjusted EBITDA less adjusted EBITDA attributable to noncontrolling interests. Adjusted EBITDA attributable to noncontrolling interests is defined as the proportionate share of adjusted EBITDA attributable to the third-party ownership interests in the Non-Wholly Owned Consolidated Subsidiaries (defined below).

The Company's management believes that these measures provide useful information to investors regarding the Company’s financial condition and results of operations because they help facilitate comparisons of operating performance and earnings trends across periods by excluding the impact of items that, in their opinion, do not reflect the Company’s core operating performance. For example, adjusted EBITDA reflects only the impact of settled derivative instruments and excludes the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. In addition, adjusted EBITDA includes the impact of distributions received from equity method investments, which excludes the impact of depreciation included within equity earnings from equity method investments and helps facilitate comparisons of the core operating performance of the Company's equity method investments.

The table below reconciles adjusted EBITDA and adjusted EBITDA attributable to EQT with net income, the most comparable financial measure as calculated in accordance with GAAP, as reported in the Statements of Condensed Consolidated Operations to be included in EQT Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

Three Months Ended

March 31,

2026 2025

(Thousands)

Net income $ 1,553,930 $ 315,418

Add (deduct):

Interest expense, net 96,777 117,569

Income tax expense 433,352 78,668

Depreciation, depletion and amortization 654,792 620,775

(Gain) loss on sale/exchange of long-lived assets (25) 231

Impairment and expiration of leases 3,823 2,661

Loss on derivatives 238,269 678,919

Net cash settlements paid on derivatives (303,662) (91,986)

Other expenses (a) 2,736 6,626

Income from investments (77,509) (26,462)

Distributions from equity method investments 47,034 66,562

Loss on debt extinguishment 29,528 11,680

Adjusted EBITDA 2,679,045 1,780,661

Deduct: Adjusted EBITDA attributable to noncontrolling interests (b) (132,083) (136,800)

Adjusted EBITDA attributable to EQT $ 2,546,962 $ 1,643,861

(a)Consists primarily of transaction costs associated with acquisitions and other strategic transactions as well as costs related to exploring new venture opportunities.

(b)A non-GAAP financial measure. See below for a reconciliation of this non-GAAP financial measure to the most comparable financial measure as calculated in accordance with GAAP.

The Company consolidates its controlling equity interests in the Midstream JV and Eureka Midstream Holdings, LLC (Eureka Holdings and, together with the Midstream JV, the Non-Wholly Owned Consolidated Subsidiaries). The table below reconciles adjusted EBITDA of the Non-Wholly Owned Consolidated Subsidiaries and adjusted EBITDA attributable to noncontrolling interests with net income of the Non-Wholly Owned Consolidated Subsidiaries, the most comparable financial measure as calculated in accordance with GAAP. The Company's management believes adjusted EBITDA attributable to noncontrolling interests provides useful information to investors regarding the impact of the third-party ownership interest in the Non-Wholly Owned Consolidated Subsidiaries on the Company's financial condition and results of operations.

Three Months Ended

March 31,

2026 2025

(Thousands)

Non-Wholly Owned Consolidated Subsidiaries:

Net income $ 201,232 $ 178,443

Add (deduct):

Interest expense, net 3,347 3,891

Depreciation and amortization 33,131 31,002

Loss on sale/exchange of long-lived assets — 47

Income from investments (55,032) (42,863)

Distributions from equity method investments 43,266 65,787

Adjusted EBITDA 225,944 236,307

Deduct: Adjusted EBITDA of the Non-Wholly Owned Consolidated Subsidiaries attributable to EQT (a) (93,861) (99,507)

Adjusted EBITDA attributable to noncontrolling interests $ 132,083 $ 136,800

(a)Adjusted EBITDA of the Non-Wholly Owned Consolidated Subsidiaries attributable to EQT is calculated based on EQT Corporation's current 40% Class A Unitholder share of available cash flow distributions from the Midstream JV and 60% ownership interest in Eureka Holdings. The Company believes that using its distribution share from the Midstream JV in the calculation of adjusted EBITDA of the Non-Wholly Owned Consolidated Subsidiaries attributable to EQT best reflects the economic impact of the Company's investment in the Midstream JV on adjusted EBITDA and earnings trends.

The Company has not provided projected net income or a reconciliation of projected adjusted EBITDA to projected net income, the most comparable financial measure calculated in accordance with GAAP. Net income includes the impact of depreciation, depletion and amortization expense, income tax expense, the revenue impact of changes in the projected fair value of derivative instruments prior to settlement and certain other items that impact comparability between periods and the tax effect of such items, which may be significant and difficult to project with a reasonable degree of accuracy. Therefore, projected net income, and a reconciliation of projected adjusted EBITDA to projected net income, are not available without unreasonable effort.

Adjusted Operating Cash Flow, Adjusted Operating Cash Flow Attributable to EQT, Free Cash Flow and Free Cash Flow Attributable to EQT

Adjusted operating cash flow is defined as net cash provided by operating activities less changes in other assets and liabilities. Adjusted operating cash flow attributable to EQT is defined as adjusted operating cash flow less adjusted EBITDA attributable to noncontrolling interests excluding net interest expense attributable to noncontrolling interests. Free cash flow is defined as adjusted operating cash flow less accrual-based capital expenditures and capital contributions to equity method investments. Free cash flow attributable to EQT is defined as adjusted operating cash flow attributable to EQT less accrual-based capital expenditures and capital contributions to equity method investments excluding the proportionate share of accrual-based capital expenditures and capital contributions to equity method investments attributable to the third-party ownership interests in the Non-Wholly Owned Consolidated Subsidiaries.

The Company's management believes these measures provide useful information to investors regarding the Company's liquidity, including the Company's ability to generate cash flow in excess of its capital requirements and return cash to shareholders.

The tables below reconcile adjusted operating cash flow, adjusted operating cash flow attributable to EQT, free cash flow and free cash flow attributable to EQT with net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP, as derived from the Statements of Condensed Consolidated Cash Flows to be included in EQT Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

Three Months Ended

March 31,

2026 2025

(Thousands)

Net cash provided by operating activities $ 3,055,047 $ 1,741,167

Increase in changes in other assets and liabilities (474,268) (74,399)

Adjusted operating cash flow 2,580,779 1,666,768

Deduct:

Capital expenditures (607,836) (497,444)

Capital contributions to equity method investments (27,883) (17,946)

Free cash flow $ 1,945,060 $ 1,151,378

Three Months Ended

March 31,

2026 2025

(Thousands)

Net cash provided by operating activities $ 3,055,047 $ 1,741,167

Increase in changes in other assets and liabilities (474,268) (74,399)

Adjusted operating cash flow 2,580,779 1,666,768

(Deduct) add:

Adjusted EBITDA attributable to noncontrolling interests (a) (132,083) (136,800)

Net interest expense attributable to noncontrolling interests 937 1,252

Adjusted operating cash flow attributable to EQT (b) 2,449,633 1,531,220

(Deduct) add:

Capital expenditures (607,836) (497,444)

Capital contributions to equity method investments (27,883) (17,946)

Capital expenditures attributable to noncontrolling interests 14,527 10,182

Capital contributions to equity method investments attributable to noncontrolling interests 3,060 9,536

Free cash flow attributable to EQT (b) $ 1,831,501 $ 1,035,548

(a)A non-GAAP financial measure. See above for a reconciliation of this non-GAAP financial measure to the most comparable financial measure as calculated in accordance with GAAP.

(b)Adjusted operating cash flow attributable to EQT and free cash flow attributable to EQT are calculated based on EQT Corporation's current 40% Class A Unitholder share of available cash flow distributions from the Midstream JV and 60% ownership interest in Eureka Holdings. The Company believes that using its distribution share from the Midstream JV in the calculation of these measures best reflect the economic impact of the Company's investment in the Midstream JV on adjusted operating cash flow, free cash flow and earnings trends.

Upstream Adjusted Operating Revenues

Upstream adjusted operating revenues (also referred to as total natural gas and liquids sales, including cash settled derivatives and previously referred to as Production adjusted operating revenues) is defined as total Upstream operating revenues, less the revenue impact of changes in the fair value of derivative instruments prior to settlement and Upstream other revenues. The Company’s management believes that this measure provides useful information to investors regarding the Company's financial condition and results of operations because it helps facilitate comparisons of operating performance and earnings trends across periods. Upstream adjusted operating revenues reflects only the impact of settled derivative contracts; thus, the measure excludes the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement. The measure also excludes Upstream other revenues because it is unrelated to the revenue from the Company's natural gas and liquids production.

The table below reconciles Upstream adjusted operating revenues with total Upstream operating revenues, the most comparable financial measure calculated in accordance with GAAP, as reported in the Statements of Condensed Consolidated Operations to be included in EQT Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

Three Months Ended

March 31,

2026 2025

(Thousands, unless otherwise noted)

Total Upstream operating revenues

$ 3,206,439 $ 1,569,283

Add (deduct):

Upstream loss on derivatives 238,269 678,919

Net cash settlements paid on derivatives (303,662) (91,986)

Upstream other revenues (4,773) (3,475)

Upstream adjusted operating revenues

$ 3,136,273 $ 2,152,741

Total sales volume (MMcfe) 617,699 570,751

Average sales price ($/Mcfe) $ 5.57 $ 3.93

Average realized price ($/Mcfe) $ 5.08 $ 3.77

Net Debt

Net debt is defined as total debt less cash and cash equivalents. Total debt includes the Company's current portion of debt, revolving credit facility borrowings and senior notes. The Company's management believes net debt provides useful information to investors regarding the Company's financial condition and assists them in evaluating the Company's leverage since the Company could choose to use its cash and cash equivalents to retire debt.

The table below reconciles net debt with total debt, the most comparable financial measure calculated in accordance with GAAP, as derived from the Condensed Consolidated Balance Sheets to be included in EQT Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

March 31, 2026 December 31, 2025

(Thousands)

Current portion of debt (a) $ 507,547 $ 507,119

Revolving credit facility borrowings (b) 271,000 360,000

Senior notes 5,213,864 6,933,209

Total debt 5,992,411 7,800,328

Deduct: Cash and cash equivalents (326,568) (110,795)

Net debt $ 5,665,843 $ 7,689,533

(a)As of both March 31, 2026 and December 31, 2025, the current portion of debt included EQT Corporation's 3.125% senior notes and 7.75% debentures.

(b)As of March 31, 2026 and December 31, 2025, revolving credit facility borrowings included $271 million and $285 million, respectively, of borrowings outstanding under Eureka’s revolving credit facility.

Investor Contact

Cameron Horwitz

Managing Director, Investor Relations & Strategy

412.445.8454

Cameron.Horwitz@eqt.com

About EQT Corporation

EQT Corporation is a premier, vertically integrated American natural gas company with upstream and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.

EQT management speaks to investors from time to time and the analyst presentation for these discussions, which is updated periodically, is available via EQT’s investor relations website at https://ir.eqt.com.

Cautionary Statements Regarding Forward-Looking Statements

This news release contains, and certain statements made during the above referenced conference call will be, forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release or made during the above referenced conference call specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation (EQT) and its consolidated subsidiaries (collectively, the Company), including guidance regarding the Company's strategy to develop its reserves; drilling plans and programs (including the number and type of drilling rigs and the number of frac crews to be utilized by the Company, the projected amount of wells to be turned-in-line and the timing thereof); projected natural gas prices, basis and average differential; the impact of commodity prices on the Company's business; total resource potential; projected production and sales volumes, including projected strategic curtailments and the timing, duration and volume thereof; projected capital expenditures and per unit operating costs; projected third-party midstream revenue; the amount and timing of distributions to and from the Company's joint venture arrangements; the Company's ability to successfully implement and execute its operational and organizational initiatives, the timing thereof and the Company's ability to achieve the anticipated results of such initiatives; the Company's plans, objectives, expectations, goals and projections relating to the Company's growth projects; the Company's ability to achieve the intended operational, financial and strategic benefits from any proposed and recently completed strategic transactions, and the timing thereof; the amount and timing of any redemptions, repayments or repurchases of EQT's common stock, the Company's outstanding debt securities or other debt instruments; the Company's ability to reduce its debt and the timing of such reductions, if any; projected free cash flow; liquidity and financing requirements, including funding sources and availability; the Company's hedging strategy and projected margin posting obligations; the Company’s tax position and projected effective tax rate; and the expected impact of changes in laws.

The forward-looking statements included in this news release or made during the above referenced conference call involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. These risks and uncertainties include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company's ability to appropriately allocate capital and other resources among its strategic opportunities; access to and cost of capital; the Company's hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting, storing and processing natural gas, natural gas liquids (NGLs) and oil; operational risks and hazards incidental to the gathering, transmission and storage of natural gas as well as unforeseen interruptions; cyber security risks and acts of sabotage; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and pipe, sand and water required to execute the Company's exploration and development plans, including as a result of inflationary pressures or tariffs; risks associated with operating primarily in the Appalachian Basin; the ability to obtain environmental and other permits and the timing thereof; construction, business, economic, competitive, regulatory, judicial, environmental, political and legal uncertainties related to the development and construction by the Company or its joint ventures of pipeline and storage facilities and transmission assets and the optimization of such assets; the Company's ability to renew or replace expiring gathering, transmission or storage contracts at favorable rates, on a long-term basis or at all; risks relating to the Company's joint venture arrangements; government regulation or action, including regulations pertaining to methane and other greenhouse gas emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to the Company's business due to recently completed or pending divestitures, acquisitions and other significant strategic transactions. These and other risks and uncertainties are described under the "Risk Factors" section and elsewhere in EQT's Annual Report on Form 10-K for the year ended December 31, 2025 and other documents EQT subsequently files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, EQT does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

EQT CORPORATION AND SUBSIDIARIES

STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED)

Three Months Ended

March 31,

2026 2025

(Thousands, except per share amounts)

Operating revenues:

Sales of natural gas, natural gas liquids and oil $ 3,439,935 $ 2,244,727

Loss on derivatives (238,269) (678,919)

Pipeline and other 177,070 174,042

Total operating revenues 3,378,736 1,739,850

Operating expenses:

Transportation and processing 400,339 378,209

Production 115,178 88,438

Operating and maintenance 54,868 47,297

Exploration 430 1,051

Selling, general and administrative 95,751 91,464

Depreciation, depletion and amortization 654,792 620,775

(Gain) loss on sale/exchange of long-lived assets (25) 231

Impairment and expiration of leases 3,823 2,661

Other operating expenses 17,620 13,474

Total operating expenses 1,342,776 1,243,600

Operating income 2,035,960 496,250

Income from investments (77,509) (26,462)

Other income (118) (623)

Loss on debt extinguishment 29,528 11,680

Interest expense, net 96,777 117,569

Income before income taxes 1,987,282 394,086

Income tax expense 433,352 78,668

Net income 1,553,930 315,418

Less: Net income attributable to noncontrolling interests 66,701 73,279

Net income attributable to EQT Corporation $ 1,487,229 $ 242,139

Income per share of common stock attributable to EQT Corporation:

Basic:

Weighted average common stock outstanding 625,136 597,976

Net income attributable to EQT Corporation $ 2.38 $ 0.40

Diluted:

Weighted average common stock outstanding 629,209 602,838

Net income attributable to EQT Corporation $ 2.36 $ 0.40

EQT CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

March 31, 2026 December 31, 2025

(Thousands)

ASSETS

Current assets:

Cash and cash equivalents $ 326,568 $ 110,795

Accounts receivable (less allowance for credit losses: $3,155 and $3,088)

953,314 1,457,959

Derivative instruments, at fair value 184,021 202,390

Prepaid expenses and other 92,811 124,007

Total current assets 1,556,714 1,895,151

Property, plant and equipment 49,068,468 48,472,497

Less: Accumulated depreciation and depletion 15,539,949 14,914,689

Net property, plant and equipment 33,528,519 33,557,808

Investments in unconsolidated entities 3,915,646 3,630,577

Net intangible assets 196,793 200,486

Goodwill 2,062,462 2,062,462

Other assets 432,144 446,390

Total assets $ 41,692,278 $ 41,792,874

LIABILITIES AND EQUITY

Current liabilities:

Current portion of debt $ 507,547 $ 507,119

Accounts payable 1,414,889 1,367,431

Derivative instruments, at fair value 64,166 137,299

Accrued interest 87,601 137,505

Other current liabilities 291,559 335,487

Total current liabilities 2,365,762 2,484,841

Revolving credit facility borrowings 271,000 360,000

Senior notes 5,213,864 6,933,209

Deferred income taxes 3,882,284 3,472,010

Asset retirement obligations and other liabilities 1,172,319 1,182,666

Total liabilities 12,905,229 14,432,726

Equity:

Common stock, no par value,

shares authorized: 1,280,000, shares issued: 625,475 and 624,076

19,497,503 19,517,761

Retained earnings 5,623,137 4,237,089

Accumulated other comprehensive loss (1,879) (2,173)

Total common shareholders' equity 25,118,761 23,752,677

Noncontrolling interests in consolidated subsidiaries 3,668,288 3,607,471

Total equity 28,787,049 27,360,148

Total liabilities and equity $ 41,692,278 $ 41,792,874

EQT CORPORATION AND SUBSIDIARIES

STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (UNAUDITED)

Three Months Ended

March 31,

2026 2025

(Thousands)

Cash flows from operating activities:

Net income $ 1,553,930 $ 315,418

Adjustments to reconcile net income to net cash provided by operating activities:

Deferred income tax expense 410,399 72,223

Depreciation, depletion and amortization 654,792 620,775

(Gain) loss on sale/exchange of long-lived assets (25) 231

Impairment and expiration of leases 3,823 2,661

Income from investments (77,509) (26,462)

Loss on debt extinguishment 29,528 11,680

Share-based compensation expense 18,602 14,768

Distributions from equity method investments 47,034 66,562

Other 5,598 1,979

Loss on derivatives 238,269 678,919

Net cash settlements paid on derivatives (303,662) (91,986)

Changes in other assets and liabilities:

Accounts receivable 507,020 (90,846)

Accounts payable 39,674 153,220

Other current assets 22,914 51,143

Other items, net (95,340) (39,118)

Net cash provided by operating activities 3,055,047 1,741,167

Cash flows from investing activities:

Capital expenditures (598,505) (499,649)

Cash paid for acquisitions — (10,000)

Net cash received (paid) for sale/exchange of assets 104 (6,449)

Cash paid for acquisitions of additional interests in equity method investments (215,152) —

Capital contributions to equity method investments (27,883) (17,946)

Other investing activities (1,000) —

Net cash used in investing activities (842,436) (534,044)

Cash flows from financing activities:

Proceeds from revolving credit facility borrowings 950,000 1,424,000

Repayment of revolving credit facility borrowings (1,039,000) (1,609,800)

Repayment and retirement of debt (1,730,029) (739,554)

Net premiums paid on debt extinguishment (21,290) (10,461)

Dividends paid (103,070) (94,097)

Contributions from noncontrolling interests 98,357 —

Distributions to noncontrolling interests (104,241) (44,729)

Cash paid for taxes to net settle share-based incentive awards (45,747) (50,242)

Other financing activities (1,818) (2,569)

Net cash used in financing activities (1,996,838) (1,127,452)

Net change in cash and cash equivalents 215,773 79,671

Cash and cash equivalents at beginning of period 110,795 202,093

Cash and cash equivalents at end of period $ 326,568 $ 281,764

EQT CORPORATION AND SUBSIDIARIES

PRICE RECONCILIATION

Three Months Ended

March 31,

2026 2025

(Thousands, unless otherwise noted)

NATURAL GAS

Sales volume (MMcf) 581,327 536,338

NYMEX price ($/MMBtu) $ 4.95 $ 3.65

Btu uplift 0.27 0.18

Natural gas price ($/Mcf) $ 5.22 $ 3.83

Basis ($/Mcf) (a) $ 0.38 $ (0.01)

Cash settled basis swaps ($/Mcf) (0.33) (0.08)

Average differential, including cash settled basis swaps ($/Mcf) 0.05 (0.09)

Average adjusted price ($/Mcf) 5.27 3.74

Cash settled derivatives ($/Mcf) (0.20) (0.08)

Average natural gas price, including cash settled derivatives ($/Mcf) $ 5.07 $ 3.66

Natural gas sales, including cash settled derivatives $ 2,948,697 $ 1,962,191

LIQUIDS

NGLs, excluding ethane:

Sales volume (MMcfe) (b) 20,558 20,872

Sales volume (Mbbl) 3,426 3,479

NGLs price ($/Bbl) $ 38.25 $ 44.49

Cash settled derivatives ($/Bbl) 0.58 (1.22)

Average NGLs price, including cash settled derivatives ($/Bbl) $ 38.83 $ 43.27

NGLs sales, including cash settled derivatives $ 133,032 $ 150,535

Ethane:

Sales volume (MMcfe) (b) 12,704 11,170

Sales volume (Mbbl) 2,117 1,861

Ethane price ($/Bbl) $ 12.31 $ 10.23

Ethane sales $ 26,068 $ 19,054

Oil:

Sales volume (MMcfe) (b) 3,110 2,371

Sales volume (Mbbl) 518 395

Oil price ($/Bbl) $ 54.94 $ 53.05

Oil sales $ 28,476 $ 20,961

Total liquids sales volume (MMcfe) (b) 36,372 34,413

Total liquids sales volume (Mbbl) 6,061 5,735

Total liquids sales $ 187,576 $ 190,550

TOTAL

Total natural gas and liquids sales, including cash settled derivatives (c) $ 3,136,273 $ 2,152,741

Total sales volume (MMcfe) 617,699 570,751

Average realized price ($/Mcfe) $ 5.08 $ 3.77

(a)Basis represents the difference between the ultimate sales price for natural gas, including the effects of delivered price benefit or deficit associated with the Company's firm transportation agreements, and the NYMEX natural gas price.

(b)NGLs, ethane and oil were converted to Mcfe at a rate of six Mcfe per barrel.

(c)Also referred to herein as Upstream adjusted operating revenues, a non-GAAP supplemental financial measure.

GRAPHIC

Filename: eqtfullcolorlogojpg.jpg · Sequence: 6

Binary file (159505 bytes)

Download eqtfullcolorlogojpg.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover Page Document

Apr. 21, 2026

Cover [Abstract]

Entity Central Index Key

0000033213

Document Type

8-K

Document Period End Date

Apr. 21, 2026

Entity Registrant Name

EQT CORPORATION

Entity Incorporation, State or Country Code

Entity File Number

001-3551

Entity Tax Identification Number

25-0464690

Entity Address, Address Line One

625 Liberty Avenue, Suite 1700

Entity Address, City or Town

Pittsburgh

Entity Address, State or Province

Entity Address, Postal Zip Code

15222

City Area Code

412

Local Phone Number

553-5700

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, no par value

Trading Symbol

EQT

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration