EQT Corp expects $136 million gain on derivatives for third quarter

EQT Corp (NYSE:EQT), a $33.26 billion market cap natural gas producer with a GOOD financial health rating according to InvestingPro, announced Tuesday that it expects to report a total gain on derivatives of $136 million for the three months ended September 30, 2025. The company also expects to report net cash settlements received on derivatives totaling $75 million for the same period.

According to the press release statement, the net cash settlements include $59 million received on NYMEX natural gas hedge positions and $16 million received on basis and liquids hedge positions. EQT stated that there were no premiums paid or received for derivatives that settled during the quarter. The company has demonstrated strong performance with revenue growth of 60.31% over the last twelve months.

The company noted that these dollar amounts are preliminary and subject to change. Final figures for the third quarter will be reported in EQT’s Quarterly Report on Form 10-Q for the period ended September 30, 2025, or in the corresponding earnings release.

EQT Corp is based in Pittsburgh, Pennsylvania, and its common stock trades on the New York Stock Exchange under the ticker EQT. The information is based on a statement filed with the Securities and Exchange Commission.

In other recent news, EQT has completed the sale of a seven-asset truck terminal portfolio across the United States. This portfolio, assembled between 2021 and 2022, spans 89 acres and includes facilities in key logistics hubs such as Phoenix, Atlanta, and Southern California’s Inland Empire. Additionally, EQT’s investment fund, EQT VIII, completed a public offering of Waystar Holding Corp. shares, generating approximately $705.8 million in aggregate proceeds, with EQT itself receiving about $304.5 million. Another EQT affiliate, Frontier TopCo Partnership, L.P., concluded a $344 million offering of Kodiak Gas Services, Inc. shares.

On the analyst front, Jefferies has adjusted its price target for EQT to $68 from $70, maintaining a Buy rating and forecasting third-quarter 2025 EBITDA of around $1.05 billion. Bernstein SocGen Group reiterated its Outperform rating on EQT, setting a price target of $72, and expressed optimism about future Appalachian gas prices. These developments reflect EQT’s ongoing strategic activities and market evaluations.

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