EQT Corporation
10/17/2024 | Press release | Distributed by Public on 10/17/2024 14:16
Business/Financial Results Form 8 K
Item 2.02. Results of Operations and Financial Condition.
EQT Corporation ("EQT") expects to report a total gain on derivatives of $67 million for the three months ended September 30, 2024.
In addition, for the three months ended September 30, 2024, EQT expects to report net cash settlements received on derivatives as shown below.
| Three Months Ended | ||
| September 30, 2024 | ||
| (Millions) | ||
| Net cash settlements received on NYMEX natural gas hedge positions | $ | 339 |
| Net cash settlements paid on basis and liquids hedge positions | (51) | |
| Net cash settlements received on derivatives | $ | 288 |
In addition, for the three months ended September 30, 2024, EQT expects to report $5 million of premiums paid for derivatives that settled during the period.
The dollar amounts included in this Current Report on Form 8-K are preliminary and subject to change. Final dollar amounts for the three months ended September 30, 2024 will be reported in EQT's Quarterly Report on Form 10-Q for the period ended September 30, 2024 or in the corresponding earnings release.
The information contained in this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.