Trump says Iran war "close to over" amid hopes for more negotiations
EQT Corp (NYSE:EQT) reported Tuesday that it expects to record a total loss on derivatives of $238 million for the three months ended March 31, 2026. The company also expects to disclose net cash settlements paid on derivatives totaling $304 million for the quarter.The derivative losses come as the $35.4 billion natural gas producer maintains underlying profitability, with diluted earnings of $3.31 per share over the last twelve months, according to InvestingPro data. The platform’s analysis suggests EQT remains undervalued relative to its Fair Value, with shares currently trading at $56.71.
According to a statement released in a Securities and Exchange Commission filing, EQT anticipates net cash settlements paid on NYMEX natural gas hedge positions of $114 million and net cash settlements paid on basis and liquids hedge positions of $190 million for the first quarter of 2026. The company stated that no premiums were paid or received for derivatives that settled during the period.
EQT noted that the dollar amounts disclosed are preliminary and subject to change. The company intends to provide final amounts in its Quarterly Report on Form 10-Q for the period ended March 31, 2026, or in the corresponding earnings release, with its next earnings scheduled for April 21, 2026.
The information in the filing is based on a press release statement and is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934.
In other recent news, EQT Corporation reported several significant developments. The company announced a quarterly cash dividend of $0.165 per share, payable on June 1, 2026, to shareholders of record as of May 6, 2026. EQT also completed a major transaction involving its real estate division, selling a 7.3 million square foot logistics portfolio to an Ares Real Estate fund. Additionally, EQT increased its debt tender offer to $1.4 billion, covering eight series of senior notes, and announced the pricing and acceptance amounts for the offer, including $402.3 million of its 3.900% Senior Notes due 2027 and $547.7 million of its 6.375% Senior Notes due 2029.
BMO Capital adjusted its price target for EQT to $76, citing strong operational performance and an expected increase in free cash flow. The firm maintained an Outperform rating for EQT, reflecting a positive outlook on the company’s financial health. These developments highlight EQT’s strategic financial maneuvers and the confidence analysts have in its future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.